What's In The News: May 31, 2011

Financial News Network
May 31, 2011 AT 8:30 PM
This is what's in the news for Tuesday, May 31st. the Wall Street Journal reports that the Pentagon has concluded that computer sabotage coming from another country can constitute an act of war, a finding that for the first time opens the door for the U.S. to respond using traditional military force. The Financial Times reports that a hacking attack against Lockheed Martin (NYSE:LMT) disclosed over the weekend suggests that government and private efforts to protect military secrets are struggling with cybersecurity. Reuters reports that Canada is open to selling its 1.7% stake in Chrysler directly to Fiat (FIATY) but will wait to see what price the U.S. government gets for its shares in the automaker before deciding. Finally, the Wall Street Journal reports that Consumers are used to paying $60 each for videogames that run on consoles like the PlayStation 3 (NYSE:SNE) and Xbox 360 (NASDAQ:MSFT). Now, Activision Blizzard (NSADAQ:ATVI), publisher of the industry's biggest videogame franchise, "Call of Duty", is about to find out whether it can get them to pay a monthly bill as it plans to launch an online service called Call of Duty Elite this fall.