Google unveils Nexus 7, media streaming device: Google made a couple of big hardware announcements today at its annual developers conference about devices which look to challenge Amazon and Apple head-on. The company announced that it was selling a $199, 7-inch tablet similar to Amazon’s Kindle Fire, which is widely seen as the only viable competitor to Apple’s iPad. Google partnered with Asus to make the tablet, called the Nexus 7.
Google also revealed a streaming music and video device, similar to the Apple TV set-top box and other stereo systems, which it is calling the Nexus Q.
With these devices, Google sets itself up to threaten not only its technology competitors but also services such as Hulu and Netflix, as well as more traditional media companies. If Google can build out its content and offer more tracks, albums, shows and seasons, it could also be a threat to more traditional media companies.
Falcone, Harbinger charged by SEC: The Securities and Exchange Commission formally charged Philip Falcone, chief executive of Harbinger Capital, as well as the firm itself for alleged conduct including “misappropriation of client assets, market manipulation and betraying clients.” The agency also settled with Harbinger on charges of unlawful trading.
The SEC, in addition to penalties, is seeking to keep Falcone from acting as an “officer and director of any public company.”
The lawsuit was expected, and Falcone told the Wall Street Journal Tuesday that he will fight the charges.
Future of video: The practice of charging Internet customers by how much data they consume took center stage in a House hearing Wednesday, pitting Web firms such as Netflix against cable and telecom companies in a debate over whether such billing policies are anticompetitive, The Washington Post reported.
The practice, known as data caps or usage-based pricing, was among a broad set of issues debated in the House Communications and Technology Subcommittee hearing Wednesday on the “Future of Video.”
Apple, Samsung: Apple won an injunction against Samsung’s 10-inch Galaxy Tab in a California federal court Tuesday after a judge ruled that Apple had made a “strong” claim that the Samsung tablet had improperly copied the design of the iPad.
“Although Samsung has a right to compete, it does not have a right to compete unfairly by flooding the market with infringing products,” U.S. District Judge Lucy Koh wrote in her decision, according to the Associated Press.
The case is part of a much larger patent battle between Apple and Samsung over similarities between their smartphones and tablets.
FCC stops the clock on Verizon, SpectrumCo: The FCC stopped the clock on its review of the deals between Verizon Wireless and SpectrumCo in light of the proposed spectrum swap between Verizon and T-Mobile.
The agency said it will stop the unofficial 180-day clock for 14 days and solicit comments on what impact the T-Mobile proposal might have on the deal between Verizon and the cable companies.