What's In The News: May 03, 2011

Financial News Network
May 03, 2011 AT 1:18 PM
This is what's in the news for Tuesday, May 3rd. The Associated Press reports that Sony (SNE) says nearly 25M user accounts were hacked in the latest PlayStation Network breach by hackers. The Financial Times reports that Google's (GOOG) office in Seoul has been raided by police as part of an investigation into whether the Internet search company illegally collected location data from Android-based smartphone users. Reuters reports that Nasdaq (NDAQ) and ICE's (ICE) move to go hostile could force NYSE (NYX) to the negotiating table or to fight back with defensive measures if shareholders step up pressure. It could also pressure Deutsche Boerse into sweetening its deal. But it's unlikely to be the final word in what may be a lengthy takeover battle. And finally, Bloomberg reports that AT&T (T) will launch its own discount site to rival Groupon