August 6, 2014, 4:10 AM

Top News

John Paczkowski / Re/code:
Apple to hold iPhone event on Sept. 9  —  Code/red: Apple to Hold iPhone Event on Sept. 9  —  New iPhones to Suck All the Air Out of the Tech News Cycle on Sept. 9 Onstage at our inaugural Code conference earlier this summer, Apple SVP Eddy Cue described the company's fall product pipeline …
New York Times:
Russian gang holds 1.2B username/password combos, stolen from 420K vulnerable websites scanned via botnet, say security researchers  —  Russian Gang Said to Amass More Than a Billion Stolen Internet Credentials  —  A Russian crime ring has amassed the largest known collection …
Ina Fried / Re/code:
Sprint to name Marcelo Claure, board member and head of Brightstar, as its new CEO  —  Exclusive: Sprint to Name Brightstar's Marcelo Claure as CEO  —  Sprint plans to name Marcelo Claure, one of its board members and head of wireless distributor Brightstar, as its new CEO, Re/code has learned from a number of sources.
Wall Street Journal:
Sprint Abandoning Pursuit of T-Mobile  —  Sprint Corp. is ending its pursuit of T-Mobile US Inc., according to people familiar with the matter.  The company and its parent, SoftBank Corp. decided it simply would be too difficult to win approval from regulators, the people said.
Alex Sherman / Bloomberg:
Adam Satariano / Bloomberg:
Apple, Samsung Agree to End Patent Suits Outside U.S.  —  Apple Inc. (AAPL) and Samsung Electronics Co. (005930) are starting to wind down their global patent battle.  —  The companies said in a joint statement today that they have agreed to drop all suits against each other in countries outside …
Kevin Poulsen / Wired:
With Operation Torpedo, FBI installs “drive-by” spyware on Tor web servers to identify visitors  —  Visit the Wrong Website, and the FBI Could End Up in Your Computer  —  Security experts call it a “drive-by download”: a hacker infiltrates a high-traffic website and then subverts …
Joey Cosco / Business Insider:
SF parking app Sweetch goes open-source after city warns it that its business is unlawful  —  Banned San Francisco Parking App Goes Open Source To Find A Solution To SF's Parking Problem  —  After the city of San Francisco essentially banned it, the parking app Sweetch responded by starting Freetch …
Sony gives up on selling e-readers  —  Sony has given up selling its line of Reader devices for e-books after failing to find a big enough market.  —  “We do not have plans to develop a successor Reader model at this time,” the Japanese firm told the BBC.  —  The PRS-T3 was the last version …
Emil Protalinski / The Next Web: shuts down after 7 years amid reports Google is acquiring Twitch  —  Twitch today announced that the website, mobile apps, and APIs are no longer in service.  A very simple explanation is given for the shutdown: since rebranding the company to Twitch Interactive in February 2014 …
Kim-Mai Cutler / TechCrunch:
Felicis Raises New $96M Fund, Pledges To Always Vote Shares With Founders  —  Five to ten years ago, the notion of a super-angel, or an angel backed with a notable but still small-sized fund, was relatively new concept.  —  There were players like Aydin Senkut, Jeff Clavier and Dave McClure.
Tricia Duryee / GeekWire:
Groupon shares drop 17% after Q2 revenue of $752M falls short of analyst expectations  —  Groupon shares plunge after Q2 revenue of $752 million falls short of expectations  —  Wall Street had bigger expectations for Groupon's second quarter results.  —  While the daily deals leader …
Juliette Garside / Guardian:
Report: 300B messages to be sent in UK this year, roughly double that of 2013  —  300bn messages sent in UK forecast this year largely due to mobile flirting  —  The growth of mobile messaging apps such as WhatsApp, iMessage and Facebook Messenger have led to the number of messages sent in 2014 to be roughly double that of 2013

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Roberto Baldwin / The Next Web: