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Intel was near a deal late on Sunday to acquire the wireless chip unit of Infineon Technologies, whose products are used in the Apple iPhone and other smartphones, for more than $1 billion, people involved in the negotiations said. The effort is the second major takeover Intel has pursued this month; it announced a deal [...]

From Nick Bilton at Bits: After Citigroup on Monday discovered a potential security flaw in the Apple iPhone app that its customers use to access its Web site, the bank urged customers to upgrade to a newer version of the software, which it says will correct the problem. In a statement, Citigroup said the original [...]