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| Exclusive: Philippines fixer paid $30 million by Okada's Universal - sources Thursday, Nov 29, 2012 10:44 PM PST  TOKYO/SAN FRANCISCO (Reuters) - Japanese billionaire Kazuo Okada's Universal Entertainment funneled at least $30 million to an ex-consultant for the Philippines gaming authority who is now at the center of a bribery investigation, according to sources and company records. The sum is six times the amount initially confirmed by Reuters and could, if found to be bribery, result in Okada being stripped of his firm's casino license in the Philippines and also jeopardize his gaming license in Las Vegas. ... Full Story | Top |
| Insight: How a desperate HP suspended disbelief for Autonomy deal Thursday, Nov 29, 2012 10:36 PM PST  SAN FRANCISCO/NEW YORK/LONDON (Reuters) - For Leo Apotheker, the former Hewlett-Packard CEO, a July 2011 meeting with Autonomy founder Mike Lynch at a chic seaside resort in France was pivotal to his effort to remake a storied technology giant. In the nine months since taking the helm at HP, Apotheker had tried furiously to find a way to move the lumbering company away from its low-margin computer hardware business and into the lucrative corporate software and services arena. ... Full Story | Top |
| Facebook, Zynga revamp partnership Thursday, Nov 29, 2012 04:58 PM PST  SAN FRANCISCO (Reuters) - Facebook Inc and Zynga Inc severed the cozy ties that once bound the Internet industry's closest couple, revising a years-old partnership between the two companies. The two companies reported in regulatory filings on Thursday that they had reached an agreement to amend a deal struck in 2010 that was widely seen as giving Zynga privileged status on the world's No.1 social network. Zynga stock fell 12 percent to $2.30 in after-hours trading. Facebook shares were off 5 cents at $27.27. ... Full Story | Top |
| Sprint unveils in-car communications system for automakers Thursday, Nov 29, 2012 02:44 PM PST  LOS ANGELES (Reuters) - Sprint Nextel Corp unveiled on Thursday an in-vehicle communications and entertainment system it hopes automakers will adopt as they seek to attract younger, more connected consumers. Sprint Velocity allows drivers to connect mobile phones to their vehicles through Bluetooth, providing access to a range of applications, including voice-activated texting and email, navigation, news and sports updates and music. Sprint Nextel, the No. 3 U.S. mobile carrier, is betting that Sprint Velocity will be superior to the products developed by the automakers themselves. ... Full Story | Top |
| Sony's PlayStation3 beats Nintendo's Wii U over Black Friday Thursday, Nov 29, 2012 12:45 PM PST  SAN FRANCISCO (Reuters) - Sony Corp sold over 525,000 PlayStation3 consoles in the United States during the week of Black Friday that kicks off the holiday shopping season, surpassing sales of Nintendo's new Wii U. Sony Computer Entertainment Inc said on Thursday that sales of its six-year-old PlayStation3 jumped 9 percent over the same period last year. The sales compared with over 400,000 units sold of Nintendo's Wii U, the new console on which the Japanese company is staking much of its future. ... Full Story | Top |
| Microsoft Windows 8 makes lukewarm debut: sales tracker Thursday, Nov 29, 2012 11:56 AM PST  SEATTLE (Reuters) - Consumer sales of Windows-powered personal computers fell 21 percent overall last month, figures released by a leading retail research firm showed on Thursday, indicating a lackluster debut for Microsoft Corp's Windows 8 operating system. Many in the industry said Windows 8 might revive slack PC sales, but a report by NPD Group, which tracks computer sales weekly using data supplied by retailers, dampened those hopes. On the same day, Microsoft announced pricing for its latest device designed to break Apple Inc's stranglehold on the tablet and lightweight laptop market. ... Full Story | Top |
| OCZ "back on track", taps more NAND chip suppliers Thursday, Nov 29, 2012 11:37 AM PST (Reuters) - Solid-state hard drive maker OCZ Technology Group Inc is sourcing a critical component from multiple vendors after a supply shortage caught it off guard, contributing to a near 60 percent drop in its share price. "Recently we haven't had any significant NAND supply issues, mostly because we diversified ourselves to multiple suppliers. That was part of the issue before. We were overly reliant on one supplier," Ralph Schmitt, who was named CEO in October after the resignation of co-founder Ryan Petersen, said in an interview. OCZ shares rose as much as 30 percent to $1. ... Full Story | Top |
| Cisco to buy privately held network software company Thursday, Nov 29, 2012 11:31 AM PST  (Reuters) - Cisco Systems Inc said it will buy privately held network traffic-management software maker Cariden Technologies Inc for about $141 million in cash. Cariden will be integrated into Cisco's service provider networking group unit, Cisco said. California-based Cariden supplies network planning, design and traffic management solutions for telecommunications service providers. This is Cisco's third acquisition in November. Earlier this month Cisco said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy. ... Full Story | Top |
| Belden to sell defense cable business to Carlisle for $265 million Thursday, Nov 29, 2012 10:28 AM PST (Reuters) - Cable maker Belden Inc said it will sell its Thermax and Raydex cable businesses to diversified manufacturer Carlisle Cos Inc for about $265 million, including debt, as it looks to exit the aerospace and defense markets. Belden, which also makes cables and networking products for the broadcast and consumer electronics industries, has been unable to remain competitive offering cables as a stand-alone product to the aerospace and defense markets, company spokesman Matt Tractenberg said. ... Full Story | Top |
| MyHeritage buys Geni.com, raises $25 million in private funding round Thursday, Nov 29, 2012 10:23 AM PST JERUSALEM (Reuters) - Family networking and genealogy website MyHeritage said it bought rival Geni.com as it continues to expand into the United States. The Israeli company did not disclose how much it paid for Los Angeles-based Geni.com but said it was an eight-figure deal in a combination of cash and equity. MyHeritage, which helps people delve into their ancestry and connect with long-lost relatives, is second in the sector behind market leader Ancestry.com, which agreed last month to be bought for $1. ... Full Story | Top |
| RIM shares rise 6 percent as Goldman jumps on BB10 bandwagon Thursday, Nov 29, 2012 09:32 AM PST  TORONTO (Reuters) - A wave of optimism surrounding the launch of Research In Motion's re-engineered BlackBerry line picked up momentum on Thursday with Goldman Sachs raising its rating on the smartphone maker and setting off a surge in its share price. The brokerage firm joined a growing chorus of analysts who have warmed to the prospects of a successful introduction of the new BlackBerry 10 devices, which RIM hopes will let it claw back market share lost to Apple Inc's iPhone and smartphones powered by Google's Android platform. ... Full Story | Top |
| Vivendi's SFR begins 4G battle in France Thursday, Nov 29, 2012 04:54 AM PST LYON, France (Reuters) - Vivendi's SFR launched France's first fourth-generation mobile service open to the public on Thursday, kicking off a race with rivals in an increasingly competitive French market. SFR launched the service in the southern French city of Lyon and will add Montpellier in mid-December. Lille, Marseille, Strasbourg, and Toulouse will be added in the first half of 2013, while SFR does not expect to offer the service in Paris until next autumn because of difficulties installing mobile antennas in the capital. ... Full Story | Top |
| Siemens says Invensys Rail deal will boost profits Thursday, Nov 29, 2012 03:39 AM PST  FRANKFURT/LONDON (Reuters) - Germany's Siemens AG promised investors its deal to buy Invensys' rail business for a hefty 1.74 billion pounds ($2.78 billion) would contribute to boosting profits in a tough economy. The engineering conglomerate, Germany's most valuable company, aims to save 6 billion euros ($7.75 billion) and focus on its core areas of expertise to close a gap with rivals such as ABB and General Electric. Late on Wednesday, the company said it was buying Invensys Rail and selling its baggage handling and postal sorting operations as part of that plan. ... Full Story | Top |
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