SoftBank chief eyes 'massive price war' with Verizon, AT&T

SoftBank CEO Masayoshi Son has officially put a target on the backs of AT&T and Verizon.

Speaking to Charlie Rose in an interview Monday, Son said that he'd "like to have the real fight" for mobile supremacy, adding that if he can get to that point, he would enter into "a more massive price war."

SoftBank, which acquired a controlling stake in Sprint last year, is reportedly mulling a merger with T-Mobile USA to create a more competitive alternative to the big two of AT&T and Verizon. But Son's comments … Read more

SoftBank targets broadband to justify T-Mobile buyout -- report

Fast mobile connection speeds, coupled with a strong third wireless carrier, could help improve US competition, not hurt it, SoftBank's CEO plans to argue in Washington this week.

SoftBank CEO and Sprint chairman Masayoshi Son will speak to policymakers on Tuesday and argue that if wireless carriers grow in size and invest in faster, more reliable data service, competition in the US home broadband market would intensify, Bloomberg reported on Monday, citing people who claim to have knowledge of Son's plans.

Son won't specifically lobby for a Sprint-T-Mobile merger, the report claimed, but the subtext of that … Read more

Privacy at peril: From one tweet, a full-blown hack

Meet Alex.

I knew remarkably little about him when we first met. Alex is not his real name -- it's a pseudonym to protect his identity. But everything else about him is very real. He travels to our New York newsroom and our San Francisco office from his home near Charlotte, N.C., where he lives with his family.

Alex is one of a growing population of "privacy ambivalent" users. He keeps his Social Security number close to his chest, and rarely gives out his personal e-mail address unless he has to. But he isn't clued … Read more

Target hack strips banks and credit unions of $200M

Not only were as many as 110 million Target customers affected by the massive hack on the retailer in December, but banks have also had to deal with the security breach.

The hack is said to have cost banks and credit unions more than $200 million, according to data gathered by the Consumer Bankers Association and the Credit Union National Association. Originally, the two associations estimated that losses tallied around $178 million but now say those costs are rising.

In all, 40 million credit and debit cards were compromised in the breach. So far, banks and credit unions have replaced … Read more

Researchers build pub to find out why people get hammered

Remember that time when you woke up in the middle of those Ikea playballs? And realized you were in Belgium, instead of Switzerland?

What about that time when you sang the collected works of Wham! to a rapt audience and then woke up with a beer mat stapled to your head?

I want to know why you did it. What propelled you to the sort of excess that made you an object of laughter for at least six months?

Actually, it's not just me who wants to know. It's the researchers at London South Bank University. They, you see, are fascinated with the deeper motivations behind getting plastered beyond control. … Read more

SoftBank CEO: Verizon, AT&T have oligopoly in the US

SoftBank CEO Masayoshi Son isn't so pleased with the way the US mobile market looks at the moment.

Speaking to reporters in Japan on Wednesday, Son said that AT&T and Verizon Wireless, the two largest telcos in the US, have an oligopoly in the market, according to Reuters. It's not clear whether his comments went beyond that complaint, but Reuters did say that he wouldn't comment on his subsidiary Sprint or the possibility of that company merging with T-Mobile.

Several reports have suggested recently that SoftBank and Sprint are considering a deal to acquire T-Mobile. … Read more

The 404 1422: Where we quit the pick-up tip (podcast)

Leaked from today's 404 episode:

- No more swipe and sign credit cards starting October 2015.

- Related: Bank of America mails credit card offer to "Lisa Is a Slut McIntire."

- Agree It app: now you can be a payday lender to Facebook friends!… Read more

Sprint reportedly met with Justice Dept to talk T-Mobile deal

Sprint appears to be paving the road for a merger with T-Mobile.

Masayoshi Son, CEO of Sprint parent SoftBank, and Sprint CEO Dan Hesse recently met with officials from the Justice Department to gauge their views on a deal between the two wireless carriers, according to The Wall Street Journal. They were reportedly met with skepticism.

There have been rumblings of a potential merger between the third and fourth-largest wireless carriers in the nation, with Sprint having reportedly lined up financing and T-Mobile executives saying that a merger would allow them to better compete against AT&T and Verizon … Read more

SpyEye malware inventor pleads guilty to bank fraud

The alleged architect of the bank-hacking malware SpyEye, which is said to have infected 1.4 million computers, has pleaded guilty to conspiracy to commit wire and bank fraud. The US Department of Justice announced Tuesday that Russian national Aleksandr Andreevich Panin was the primary developer and distributor of SpyEye.

"As several recent and widely reported data breaches have shown, cyber-attacks pose a critical threat to our nation's economic security," US Attorney of the Northern District of Georgia Sally Quillian Yates said in a statement. "Today's plea is a great leap forward in our campaign … Read more

Uncarrier T-Mobile wants to be your un-bank too

What's the next stop for T-Mobile's Uncarrier train? It's the world of mobile banking.

T-Mobile's latest program is Mobile Money, a low-cost way for consumers who don't have a bank account to store, access their money, and pay bills through their phone and a Visa-backed T-Mobile debit card.

T-Mobile is the latest in a wave of companies following the money and attempting to create a digital wallet for its customers, a group that includes larger players such as Google and Visa. T-Mobile is part of Isis, a joint venture with AT&T and Verizon … Read more