Although he didn't get into specifics, Google's chief executive Eric Schmidt told a packed house in Austin on Friday that the company has completed its efforts to secure user data against unauthorized access.
On the first day of the annual South by Southwest Interactive conference, Schmidt told panel moderator Stephen Levy of Wired that the solution to governmental intrusions was, "to encrypt data more." - Full Article
Safeway Inc. the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
The offer price of $40 per share represents a premium of 1.3 percent to Safeway's Thursday closing stock price of $39.47 on the New York Stock Exchange. - Full Article