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Submission + - Japanese Telco Near Deal To Purchase 75% Stake in Sprint (

milbournosphere writes: Sprint has confirmed that it is in talks with the Japanese Telco Softbank to sell off a reported 75% stake in the company. If the deal goes through it could add substantial monetary backing to Sprint's US business, and add the Japanese company an entry into the US market. From the article:

Buying Sprint would give Softbank an entry into the American market, one of the largest and most profitable in the world. The Japanese company has steadily surpassed rivals in its home country, in large part through acquisitions. Earlier this month, it agreed to buy a smaller competitor, eAccess, to become the second-biggest service provider in Japan.

Sprint's stock is currently up around 17% on the news.


Submission + - On Wall Street, the Rising Cost of Faster Trades (

milbournosphere writes: It appears the benefits of high speed stock trading are starting to level or even move backwards. The New York Times has posted an article talking about data showing that the yeilds of millisecond trading are starting to decline, and perhaps disappear. From the article:
"Research from the broker Abel/Noser indicates that the total cost for an investor to get into and out of a single share of stock fell by more than half between 2000 and 2010, to 3.5 cents. Since then, though, the cost has leveled off and then ticked up in the most recent quarter to 3.8 cents, confirming a trend that has also been visible in recent data from Credit Suisse Trading Strategy and from Celent, a consulting firm specializing in financial markets. "
This data comes as digital high speed trading is under increased scrutiny after Knight Capital lost $440 million in under an hour due to faulty software.


Submission + - FCC Passes CALM act, lowering advertisement volume ( 2

milbournosphere writes: The FCC today adopted the Commercial Advertisement Loudness Mitigation Act, or the CALM act. From the FCC press release:
"The rules adopted today require that commercials have the same average volume as the programs they
accompany. The rules also establish simple, practical ways for stations and MVPDs to demonstrate their
compliance with the rules. They carry out Congress’ mandate to give viewers relief from overloud
commercials while avoiding unnecessary burdens on television stations and MVPDs."
The CALM act will take effect on 13 December, 2012, which gives networks and TV stations one year to become compliant.
Link to FCC press release:

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