Verizon, AT&T Hire CEO for Smartphone Payments Venture

A telecommunications group including Verizon Wireless and AT&T Inc. (T) hired Michael J Abbot, a former executive with General Electric (GE), to run a venture that will let consumers pay for purchases using their smartphone. Abbot, who was previously the chief marketing officer for GE%u2019s U.S. retail consumer-finance business, will be the CEO of the new venture, Bloomberg News reported.

Apple Becomes One of Top Five Mobile Phone Makers

Apple (AAPL) surged into the world%u2019s top-five mobile phone vendors in the third quarter, thanks to sales of the Apple iPhone. Apple jumped into fourth place, ahead of Research In Motion (RIMM), Bloomberg News reported.

The Google-Verizon Deal: Evil or Pragmatic?

The two companies were on traditionally opposite sides of the net neutrality debate. So they initiated a discussion with the goal of finding a compromise where some progress could be achieved in the face of FCC and congressional inaction.

India Meeting on BlackBerry Security 'Inconclusive'

A meeting of Indian government officials and telecoms operators to discuss restricting the use of BlackBerry services was "inconclusive", Reuters reported without naming its sources. The group met today to discuss how authorities could access data transmitted on the smartphone, which is made by Canada%u2019s Research In Motion (RIMM). Like several countries in the Middle East and North Africa, India is concerned that the encrypted service could pose a security threat.