U.S. intelligence mining data from nine U.S. Internet companies in broad secret program  —  The National Security Agency and the FBI are tapping directly into the central servers of nine leading U.S. Internet companies, extracting audio, video, photographs, e-mails, documents and connection logs …

Apple Signs Sony Up for iRadio, Now Has All Three Major Music Labels On Board  —  Sony Music has signed on to Apple's forthcoming iRadio service, according to a person familiar with negotiations between the two companies.  —  The deal means Apple now has agreements with all three major music labels.

Samsung Electronics loses $12 billion market value on smartphone worries  —  (Reuters) - Samsung Electronics Co lost $12 billion in market value on Friday, hit by brokerage downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone.

Google Wallet Is Leaking Money  —  Google Wallet (GOOG), the mobile software that allows Android users to pay for purchases online and in stores with their phones, has become a money pit.  The company has dedicated hundreds of developers to Wallet and spent about $300 million to acquire digital payment startups to help develop the app.

Android game console GamePop does the unthinkable, brings iOS games to TV with ‘Looking Glass’  —  In case you hadn't heard: BlueStacks, the company with around 10M+ using its technology that brings Android games to PC and Mac, has recently been working on a new dedicated Android gaming console …

Apple displays extremely sparse iOS 7 banner at Moscone ahead of WWDC (Updated: OS X banners going up)  —  Apple has been steadily preparing the Moscone Center in San Francisco for its Worldwide Developer Conference all week long.  Today banners for iOS 7 appeared featuring a very colorful and thin …

Google allows ads for illegal drugs, state AG says  —  Google still is allowing ads for illegal online pharmacies that sell dangerous or counterfeit drugs without a prescription, Mississippi state Attorney General Jim Hood charged Thursday.  —  The Internet giant paid $500 million in 2011 …

Windows 8.1 Start button demonstrated fully in new video  —  Microsoft demonstrated a number of new features in Windows 8.1 earlier this week, but the company briefly showed the return of the Start button and avoided any details on how it visually works.  During Computex this week the company took …

Snapchat close to raising as much as $100 million at a jaw-dropping valuation … The It girl of web services, Snapchat, is close to snagging about $100 million in new investment at a valuation nearing half a billion dollars, sources familiar with company's fund raising efforts tell me.

Amazon's devices finally on sale in China; Kindle Paperwhite for $138 and Kindle Fire HD from $244  —  After plenty of rumors and repeated delays, Amazon's devices have finally landed on China's shores.  —  We earlier reported that Sina Tech said the Kindle e-reader and Fire HD would be launched …

Amazon, Google execs clash with Apple lawyers in ebook pricing trial  —  On the fourth day of the federal government's ebook pricing trial against Apple, Amazon and Google executives offered testimony in hearings that were often fraught and occasionally funny — but still introduced little evidence …