August 15, 2013, 11:55 AM

Top News

Facebook to Test Its Own PayPal Competitor in Bid to Simplify Mobile Purchases  —  Facebook plans to test a new payments product that would allow online shoppers to make purchases on mobile apps using their Facebook login information, according to sources familiar with the company's plans.
Juli Clover / MacRumors:
Apple Releases New App Store Review Guidelines with Updated Rules for Kids Apps, Gambling Apps  —  Apple has updated its App Store Review Guidelines, revising several sections and introducing a number of new rules based on various policies that have been enacted over the last six months.
Dara Kerr / CNET:
Microsoft's ‘touch screen’ for any surface goes on sale  —  Prototype technology that turns any surface — a wall, table, or floor — into an interactive touch screen has been years in the making.  Now, anyone can get their hands on the software.  —  Screengrab from Ubi's video …
Jon Fingas / Engadget:
Lenovo posts Q1 earnings, reveals that its mobile sales have overtaken PCs  —  Don't look now, but Lenovo just became an industry bellwether.  While reporting strong first quarter results that include a record $8.8 billion in revenue and $170 million in profit, the tech giant revealed …
Chloe Albanesius / PC Magazine:
Roku Trumps Apple TV as Most-Used Streaming Media Player  —  The Roku is the most popular streaming video device in the U.S., trumping the Apple TV, according to new data from Parks Associates.  —  Of the 10,000 people polled by Parks, 37 percent of those with a streaming video media device used …
New iPhone, 4G technology may mean Apple, China Mobile tie-up closer  —  (Reuters) - The stars may be aligning for a long-awaited deal between Apple Inc and China Mobile Ltd, the world's biggest mobile carrier, that could help the iPhone maker claw back lost ground in its most important growth market.
Chris Morris / GamesIndustry International:
Former Steam boss Jason Holtman lands at Microsoft  —  Valve veteran will be focused on “making Windows a great platform for gaming”  —  Jason Holtman, who spearheaded Valve's Steam business for eight years before leaving the company in February, has a new job.
Klint Finley / Wired:
Meet the Hackers Who Want to Jailbreak the Internet  —  PORTLAND, OREGON — One guy is wearing his Google Glass.  Another showed up in an HTML5 t-shirt.  And then there's the dude who looks like the Mad Hatter, decked out in a top hat with an enormous white flower tucked into the brim.
More: Hillicon ValleyTweets: @nytimesbits and @jhong
Joan E. Solsman / CNET:
Aereo CEO: Service will turn a profit before turning in 1M subscribers  —  The upstart online TV service will have a “fabulous” business at 1 million users and an “extremely fabulous” one at 5 million, but registrations need only be in the hundreds of thousands for it to be profitable, its CEO says.
Tom Simonite / MIT Technology Review:
Devices Connect with Borrowed TV Signals, and Need No Power Source  —  Devices that can make wireless connections even without an onboard battery could spread computing power into everything you own.  —  WHY IT MATTERS  —  Being able to create sensors and other electronics …
More: TechEye and @davidbrin
Dan Goodin / Ars Technica:
Google confirms critical Android crypto flaw used in $5,700 Bitcoin heist  —  Google developers have confirmed a cryptographic vulnerability in the Android operating system that researchers say could generate serious security glitches on hundreds of thousands of end user apps, many of them used to make Bitcoin transactions.
Dina Bass / Bloomberg:
Microsoft's First Chip Brings Tank-Finding Design to Xbox  —  Microsoft Corp. (MSFT), seeking to fend off competition for its Xbox game console by souping up the Kinect motion sensor, is tapping a new semiconductor developer: itself.  —  For the first time, the company will build its own processors based on an in-house design.
Tweets: @dinabass
Ingrid Lunden / TechCrunch:
IBM Buys Israel/US Cybersecurity Specialist Trusteer For $800M-$1B  —  Another exit for an Israeli enterprise startup and a deeper move into Israel by one of the world's tech titans: IBM today announced the acquisition of Trusteer, a specialist in cybersecurity primarily for financial services.
Blair Hanley Frank / GeekWire:
Worried about wildfires or floods?  Trulia heat maps help find safest places to live  —  If you're looking to buy a home, you don't want that investment taken away from you by a natural disaster.  While people who have lived in an area for a while often have a decent idea of the risks inherent …
Derrick Harris / GigaOM:
Facebook's trillion-edge, Hadoop-based and open source graph-processing engine  —  People following the open source Giraph project likely know that Facebook was experimenting with it, and on Wednesday the company detailed just how heavily it's leaning on Giraph.

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CareerArc: How Square's Debut Draws Concerns Over IPO “Ratchets” & Impact on Tech Talent  —  Square's IPO points a spotlight on “IPO Ratchets”—now a common demand among tech investors.  But how might ratchets affect employees?

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