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Best of the Blogs: Kindle Phone Will Leverage Amazon's Network of Apps and Platforms


Plus, UK prosecutors probe Barclays on LIBOR fraud.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.

All Things D
Link: What Amazon Brings to the Smartphone Market
"The notion that Amazon (AMZN) might do a smartphone is not new, though a new Bloomberg report suggests that one might hit the market sooner rather than later.

"And, while clearly a novice at making phones, Amazon brings a lot of know-how and relevant skills, which have already benefitted the company in the tablet space - Amazon has its own app store, Kindle book operation and digital music and movie services."

Bloomberg Businessweek
Link: Barclays Libor Fine Prompts UK Fraud Prosecutor Probe
"The UK Serious Fraud Office opened a criminal probe into the attempted rigging of interest rates that led to a record civil fine at Barclays Plc. (BARC.L)

"SFO Director David Green said he had decided to 'accept the Libor matter for investigation' in an e-mailed statement today. Barclays fell as much as 3.8% in London trading."

Venture Beat
Link: Netflix Stock Jumps 20 Percent on Massive Customer Streaming Numbers
"Want to know who's smiling right now? Netflix (NFLX) CEO Reed Hastings.

"Hastings's previously beleaguered Netflix is in the midst of a stock resurgence: Its shares have spiked nearly 20 percent in the past two days to $81.72."

Link: Apple, Google Remove Trojan Spamming App From Stores

"Apple (AAPL) and Google (GOOG) removed an app from their app stores after it was revealed to be harvesting users' phone contacts as spam targets.

"The Find and Call app was originally thought to be an SMS worm but later discovered to be a Trojan, according to Kaspersky Lab. The Russian software security firm said it alerted by Apple and Google to the presence of the malware in their stores, leading to the app's removal."

Link: Behind June's 80,000 New Jobs: An Economy Poised For Recession
"The take-off in the US economy was delayed once again last month.

"Employers added a lackluster 80,000 new jobs last month, below economists' expectations of 95,000. That's an unwelcome reading on the nation's labor market, amid a flurry of downbeat economic readings and worries about global growth. The unemployment rate remained steady at 8.2%, according to new Labor Department data."

The New York Times: DealBook
Link: Uproar Over CEO's Ouster at Merged Energy Giant
"A former director involved in the merger that formed the nation's largest electric utility is lashing out at an abrupt leadership change at the combined company.

"'This is the most blatant example of corporate deceit that I have witnessed during a long career on Wall Street,' said John H. Mullin III, the former lead director of Progress Energy, which completed its merger with Duke Energy (DUK) this week."
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