Amazon surges on strong Q1; Verizon rumored to plan Galaxy S III launch

Quick news from around the Web.

@FierceWireless: RT @CNETNews: Apple to build private restaurant to keep out snoopers. Article I guess it'll cut down on lost iPhones at bars ;-) | [email protected]

> Some of LightSquared's lenders reportedly want Philip Falcone to step aside as the public face of the company of as a condition for avoiding a looming debt default. Article (sub. req.)

> Two Democratic representatives have requested that the House Energy and Commerce Committee hold a hearing to discuss of the implications of Verizon Wireless's proposed AWS spectrum acquisition and 700MHz A- and B-Block spectrum sale. Article

> Will Verizon Wireless launch the Galaxy S III, an HTC phablet and lots of Motorola Razr phones this summer and fall? Article

> Amazon's strong first-quarter results led to a surge in its shares. Article

> A Google engineer blamed wireless carriers the delay on Android OS updates for Nexus-branded smartphones. Article

> New legislation calls for the reallocation of the 1755-1780 MHz spectrum band, a move strongly supported by the CTIA. Article

> Republic Wireless is now issuing invites for its summer beta program. Article

> Sprint's CDMA Direct Connect service works with overseas iDEN phones. Article

> Huawei and Intel will collaborate on TD-LTE. Article

Mobile Content News

> Less than six months since its retail release, Amazon's Kindle Fire already controls more than half of the U.S. Android tablet market, according to new data issued by market research firm comScore. Article

> Social gaming giant Zynga experienced sharp growth in its average mobile daily active user base after gobbling up OMGPOP last month. Article

> Question and answer service ChaCha has shuttered its UK operations, citing limited user growth. Article

And finally...  A bra that can transport an iPhone. Article