Credit card data at risk in PlayStation intrusion
LOS ANGELES (AP) -- Sony said the credit card data of PlayStation users may have been stolen in an intrusion that led the company to put its PlayStation Network out of commission for the last week.
The company shut down the network, which connects players in live game play worldwide, last Wednesday after it said account information for certain players was compromised.
It said it has hired an outside security firm to investigate what happened and has taken steps to rebuild its system to provide greater protection for personal information.
Sony said an unauthorized person obtained information including players' names, addresses, birth dates, e-mail addresses, passwords and log-in names. The company said that although it has no evidence credit card information was taken, "we cannot rule out the possibility."
Amazon profit falls 33%
SAN FRANCISCO (AP) -- Amazon.com said Tuesday that its net income fell 33 percent in the latest quarter, a steeper drop than Wall Street expected as the online retailer battles stronger competition from Walmart and other rivals.
The numbers reflect the competitive challenges for the world's biggest online retailer and the impact of higher costs of expansion. Amazon's expenses increased by nearly 50 percent in the first three months of 2011, including investments in order-fulfillment centers and new technologies.
While Amazon's earnings fell short of investors' expectations, the Seattle-based company's overall revenue was stronger than expected in the first quarter, as was its revenue forecast for the second quarter.
Net income of $201 million, or 44 cents per share, was down from $299 million, or 66 cents per share, a year ago. The earnings were well short of the 61 cents per share that analysts polled by FactSet expected.
Revenue rose 38 percent to $9.86 billion, ahead of the $9.54 billion that analysts were forecasting and up from $7.13 billion a year ago.
Southwest-AirTran deal set
DALLAS (AP) -- U.S. antitrust regulators say Southwest's purchase of AirTran Airways isn't likely to hurt airline competition, clearing the way for the deal to close next week.
The Justice Department said Tuesday that the airlines overlap on some nonstop routes, but it decided not to challenge the deal because there is room for new competitors in those cities.
Both carriers serve Buffalo Niagara International Airport.
Southwest, based in Dallas, plans to close the $1.4 billion purchase Monday. The deal will immediately increase Southwest's size by one-fourth and give it an opening in Atlanta and service to Mexico and the Caribbean.
Cummins plant gets grant
The Cummins Inc. diesel engine plant in Chautauqua County has received a grant of up to $1 million from the Empire State Development Corp.
The money will cover part of the cost of new machinery and equipment related to a project for the North American truck market. That project is projected to cost $149.1 million.
The Empire State Development board of directors approved the funding Tuesday at a meeting in New York City. More than $7.6 million was awarded to projects around the state.
KidBiz training set Saturday
The annual children's lesson in entrepreneurism that looks like an open-air market begins Saturday at Buffalo State College.
Students in third through sixth grades will participate in the "Get Ready for KidBiz" training session that prepares them for an open-air market to be held on Elmwood Avenue in Buffalo in late spring and summer. Attendees will learn about selling goods and serving customers at the annual event.
For a child to participate, a parent must also attend the session in Room 210 of Buffalo State's Butler Library from 9:30 to 10:30 a.m. Call 878-4030 with any questions.
KidBiz is a small entrepreneurial education program put on by the college's Small Business Development Center.