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Samsung to widen smartphone gap with Apple this year -Strategy Analytics Thursday, Jan 03, 2013 11:33 PM PST SEOUL (Reuters) - Samsung Electronics Co Ltd is expected to widen its lead over Apple Inc in global smartphone sales this year with 35 percent growth, helped by a broad product lineup, market researcher Strategy Analytics told Reuters on Friday. Apple, returning the offensive, could roll out a smaller, cheaper "iPhone Mini" next year to grab market share by targeting demand from users of lower-end smartphones, Strategy Analytics said. ... Full Story | Top |
Turkish agency blamed by U.S. companies for intercepted Web pages Thursday, Jan 03, 2013 05:09 PM PST SAN FRANCISCO (Reuters) - An agency of the Turkish government deployed a deceptive version of some Google Inc web pages, possibly to monitor activity by its employees, major Internet companies said on Thursday. The reports are the latest in a series of incidents in which hackers or governments have taken advantage of the loose rules surrounding the standard security for financial and other sensitive sites, those with Web addresses starting with Https. ... Full Story | Top |
U.S. ends long Google probe with only mild reprimand Thursday, Jan 03, 2013 03:41 PM PST WASHINGTON (Reuters) - In a major victory for Google Inc, U.S. regulators on Thursday ended their investigation into the giant Internet company and concluded that it had not manipulated its Web search results to hurt rivals. The Federal Trade Commission did, however, win promises from Google that it would end the practice of "scraping" reviews and other data from rivals' websites for its own products, and to allow advertisers to export data to independently evaluate advertising campaigns. ... Full Story | Top |
NY pension fund sues Qualcomm for political records Thursday, Jan 03, 2013 02:33 PM PST (Reuters) - New York State's $150-billion public pension fund has sued Qualcomm Inc., seeking to force the chipmaker to reveal its political spending, according to the state comptroller. The suit was filed late on Wednesday in Delaware Court of Chancery, after Qualcomm refused the request by the New York State Common Retirement Fund -- a Qualcomm shareholder -- to inspect records detailing the use of corporate resources for political activities, said state comptroller Thomas DiNapoli, who oversees the fund. ... Full Story | Top |
U.S.: Time not right for Google executive's North Korea trip Thursday, Jan 03, 2013 01:16 PM PST WASHINGTON (Reuters) - The U.S. State Department said on Thursday the time was not right for Google Inc Executive Chairman Eric Schmidt and former diplomat Bill Richardson to visit North Korea, which drew international criticism for a rocket launch last month. State Department spokesman Victoria Nuland said Schmidt and Richardson would be traveling as private citizens, not representatives of the U.S. government. "Frankly, we don't think the timing of this is particularly helpful," Nuland told reporters, citing North Korea's launch of a long-range rocket in December. ... Full Story | Top |
FTC ends long Google probe with mild reprimand Thursday, Jan 03, 2013 10:56 AM PST WASHINGTON (Reuters) - Regulators on Thursday closed a long-running investigation of Google with a relatively mild agreement that is likely to disappoint rivals and critics of the Web search giant. Under the agreement, Google agreed to end the practice of "scraping" reviews and other data from rivals' websites for its own products, and to allow advertisers to export data to independently evaluate advertising campaigns, the Federal Trade Commission said. FTC Chairman Jon Leibowitz said Google also agreed to license standard patents on fair, reasonable and non-discriminatory terms. ... Full Story | Top |
Barnes & Noble sells fewer Nooks, retail revenue falls Thursday, Jan 03, 2013 08:28 AM PST (Reuters) - Barnes & Noble Inc's Nook unit reported weak holiday season numbers on Thursday as it sold fewer e-readers and tablets at its own stores, and its e-books sales growth slowed, raising questions about the future of its digital business. The Nook, launched in 2009 to compete with Amazon.com Inc's market-leading Kindle, has been the cornerstone of Barnes & Noble's strategy to counter the shift by many book readers to digital books. Early growth attracted a big investment last year from Microsoft Corp. ... Full Story | Top |
Hutchison closes deal to become No. 3 in Austria Thursday, Jan 03, 2013 07:46 AM PST VIENNA (Reuters) - Consolidation of Austria's cut-throat telecoms market moved ahead on Thursday when Hutchison Whampoa Ltd completed its 1.3-billion-euro ($1.7 billion) takeover of Orange Austria, making it the country's third-biggest mobile operator. Its purchase from Mid Europa Partners (MEP) and France Telecom-Orange followed extensive negotiations that finally won European and Austrian regulatory approval last month. ... Full Story | Top |
News startup BuzzFeed raises millions in new round Thursday, Jan 03, 2013 07:26 AM PST (Reuters) - News website BuzzFeed, one of the more interesting news business models to emerge in recent years, has raised $19.3 million in new capital, the company said on Thursday. The round was led by venture capital firm NEA along with previous investors RRE, Hearst, SoftBank and Lerer Ventures. The founders of Buddy Media, Michael and Kass Lazerow, also participated. The money will be used for mobile and video development, editorial hires and international expansion, the company said in a release. ... Full Story | Top |
Hutchison Whampoa closes acquisition of Orange Austria Thursday, Jan 03, 2013 06:03 AM PST VIENNA (Reuters) - Hutchison Whampoa Ltd has completed its 1.3 billion euro ($1.7 billion) acquisition of Orange Austria to make it Austria's third-biggest mobile operator, it said on Thursday. Its purchase from Mid Europa Partners and France Telecom-Orange followed extensive negotiations that finally won European Union and Austrian regulatory approval last month. ($1 = 0.7553 euro) (Reporting by Michael Shields; Editing by Dan Lalor) Full Story | Top |
Telekom Austria eyes 800 million euro hybrid bond: magazine Thursday, Jan 03, 2013 03:25 AM PST VIENNA (Reuters) - Telekom Austria is eyeing a hybrid bond issue of up to 800 million euros ($1.06 billion) to help finance major investments, Austrian magazine News reported, citing Chairman Rudolf Kemler. In an interview published on Thursday, Kemler pointed to an Austrian auction of next-generation radio frequencies due in the second half of this year and the need to prolong existing frequency contracts. "We presumably don't have (funds for this) in the Telekom group. That does not arise from current liquidity," he was quoted as saying. "But we will employ capital market instruments. ... Full Story | Top |
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