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Hackers collective Anonymous will reportedly take down world's No.1 social network site Facebook on Jan. 28, according to a YouTube video. However, many people doubt whether that will happen.

Federal prosecutors shut down Megaupload and Megavideo last Thursday, accusing the Website's executives of mass copyright infringement. But not all of the site's 50-million daily users were breaking the law during their access.

While the FCC and Department of Justice haven't indicated opposition or concern, some people point to the wireless carrier's ability to roll out its 4G wireless network as reason that it doesn't need more spectrum.

The sudden crackdown on popular online storage and file-sharing site Megaupload has prompted rivals FileSonic and uploaded.to to commit suicide by voluntarily limiting their file-sharing services and allowing users to only retrieve the files they have personally uploaded. No wonder, the U.S. feds' action has left everybody wondering whether other sites like Rapidshare, MediaFire, Dropbox, etc., which offer file-sharing and cloud storage services, will be next in the crosshairs of anti-piracy ...

The hacktavist group Anonymous is launching a Megaupload & Megavideo alternative

This is not the first time Megaupload's founder Kim Dotcom had his brush with the law. In 2002, he was convicted in what was then the largest insider-trading case in German history and a Munich court sentenced him to 20 months probation and a 100,000 euro fine. Can he win the legal battle this time?

In the wake of the U.S. Government's shutdown of file-sharing website Megaupload, another site, FileSonic, has suspended their file-sharing services

GoDaddy, a giant domain name registrar, has announced that it is no longer supporting the Stop Online Piracy Act otherwise known as SOPA, which is now making its way through U.S. Congress.

The U.S. Justice Department has rejected the South Carolina voter ID law, calling it discriminatory, citing concerns about the law's effect on African-American voters.

A former unit of General Electric Co. (GE) agreed to pay $70.35 million to U.S. regulators to resolve complaints about the company's role in anticompetitive activity in the municipal bond investments market.

The Obama administration scores another preliminary injunction against a state that has enacted a law attempting to drive out undocumented immigrations.

The AT&T/T-Mobile is the third high-profile merger the U.S. Department of Justice has successfully defeated in 2011.

Bank of America stressed that only Countrywide's practices are at issue in Wednesday's announcement of a settlement for discriminatory mortgage lending practices.

Based on a preliminary vote count, 99 percent of shareholders of the Franklin, N.J.-based pharmacy benefit manager approved the merger.

A survey from the United States and Canada found 40 percent of police officers had symptoms of a sleep disorder, including sleep apnea and insomnia.

AT&T Inc. (NYSE: T) said on Monday that it was ending a $39 billion bid to acquire T-Mobile USA, a unit of Deutsche Telekom AG, which began in March. The announcement came via an AT&T statement and after a thorough review of options.

The Dallas-based company announced Monday that after a thorough review of its options it was backing out of the $39 billion deal, thus avoiding a costly and potentially lengthy legal battle.

The Dallas-based company's plan to sell off some of its assets in order to gain regulatory approval for its $39 billion merger are falling flat, which could spell trouble for the merging parties as they try to convince regulators that a merger wouldn't concentrate too much power in the wireless industry.

Georgia, Alabama and South Carolina have sought to halt Department of Justice challenges to their Arizona-style immigration laws, pending a U.S. Supreme Court review.

AT&T also has 900,000 phones with controversial software installed.

Munich-based Siemens AG in 2008 pled guilty to violating the Foreign Corrupt Practices Act in bribing government officials in Argentina to secure a billion-dollar national identification card project contract.

As the Department of Justice gears up for a rare criminal trial against a publicly traded company, the Taiwanese defendant wants to argue that prosecutors just don't get Asian business culture.

AT&T and Deutsche Telekom, T-Mobile's parent company, asked Judge Ellen Huvelle of the U.S. District Court in Washington D.C. Monday to delay the trial with the U.S. Department of Justice over the proposed $39 billion merger, which she has granted.

AT&T seeks a review of the FCC decision on the grounds that it exceeds the Commission's authority; is contrary to the Communications Act of 1934, as amended by the Telecommunications Act of 1996; and is arbitrary, capricious, an abuse of discretion, and otherwise contrary to law.

The Justice Department had argued that the U.S. Supreme Court should allow to stand lower courts' decisions to place a preliminary injunction on four key provisions of Arizona's anti-immigration law.

The Democratic National Committee (DNC) has unveiled a campaign to help voters surmount restrictive state voting laws that have been enacted by Republican legislatures across the country.

AT&T exec Jim Cicconi said the Federal Communications Commission's report on the $39 billion T-Mobile merger proposal is obviously one-sided and cherry picks facts.

The Wall Street Journal is reporting that AT&T and Deutsche Telekom, the parent company of T-Mobile USA, have held preliminary discussions about forming a joint venture should the merger bid be dashed in court. Multiple sources were cited as confirming the report.

AT&T Senior Executive Vice President Jim Cicconi said it is troubling that the Federal Communications Commission released a staff report on the wireless provider's $39 billion proposal to buy T-Mobile.