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| Dell nears buyout, deal could come as soon as Monday: sources Thursday, Jan 31, 2013 11:21 PM PST  NEW YORK (Reuters) - Dell Inc is nearing an agreement to sell itself to a buyout consortium led by its founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners, possibly announcing a deal as soon as Monday, according to two people familiar with the matter. Michael Dell is expected to take majority ownership of the world's third-largest personal computer maker, which currently has a market value of $23 billion, while Silver Lake and Microsoft Corp would become minority investors, a third person familiar with the matter said. ... Full Story | Top |
| Samsung Electronics chairman wins $4 billion court feud over family fortune Thursday, Jan 31, 2013 11:17 PM PST  SEOUL (Reuters) - Samsung Electronics Co Ltd Chairman Lee Kun-hee fended off a lawsuit by estranged family members demanding he hand over billions of dollars of shares in Samsung companies as a South Korean court ruled in his favor on Friday. Lee, 71, and Samsung Everland, a de facto holding company for the country's largest conglomerate, were defending against three lawsuits by Lee's relatives seeking nearly $4 billion in assets in Samsung Life Insurance Co Ltd, which sits at the heart of the web of Samsung group shareholdings, and Samsung Electronics, the group's crown jewel. ... Full Story | Top |
| Sony ignites talk of PS4 unveil with Playstation meeting Thursday, Jan 31, 2013 09:02 PM PST  TOKYO (Reuters) - Sony Corp will this month host its first major Playstation meeting in two years, sparking a flare-up in online speculation the Japanese consumer electronics giant is preparing to unveil the successor to its 70 million-selling PS3 games console. Sony declined to say whether it would release a new product at the meeting in New York on February 20. "We will be talking about the Playstation business," spokesman Masaki Tsukakoshi said on Friday. A Google search for "Sony Feb 20 Playstation" returned more than 7 million hits. ... Full Story | Top |
| Airbus says it has a "Plan B" for A350 jet batteries Thursday, Jan 31, 2013 07:16 PM PST  TOULOUSE, France (Reuters) - Airbus has studied alternatives to lithium-ion batteries for its next jet, the A350, and has time to adapt to any rule changes prompted by the problems that have grounded Boeing Co's 787 Dreamliner, its top executive said. Airbus plans to use lithium-ion batteries on the A350, similar to the technology incorporated in Boeing's 787 airliners, and so far has stood by the modern power packs. "We studied the integration of these batteries on the A350 very carefully," Airbus Chief Executive Fabrice Bregier told a group of French aerospace journalists on Thursday. ... Full Story | Top |
| Audio company Audience sees fast growth, even with less Apple Thursday, Jan 31, 2013 07:13 PM PST SAN FRANCISCO (Reuters) - Audience Inc seems to be doing pretty well, even with less of Apple: the audio technology company forecast quarterly revenue well above Wall Street's expectations, helped by more business from Samsung and other smartphone makers. Shares of Audience jumped 24 percent in after hours trading, after the company said Thursday that it expected revenue between $43 million and $46 million in the March quarter, versus analysts' average estimate of $31.8 million, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
| Facebook stock avoids steep drop as Street rethinks results Thursday, Jan 31, 2013 02:40 PM PST  (Reuters) - Shares of Facebook Inc recovered from an 8 percent slide on Thursday, finishing the regular session down less than 1 percent, as Wall Street's initial alarm over mobile revenue results and spending plans subsided. Facebook said on Wednesday that fourth-quarter mobile advertising revenue doubled from the third quarter, but the results failed to live up to some investors' high expectations. Chief Executive Mark Zuckerberg's comments about boosting spending in the coming year signaled that profit margins will be under pressure, adding to concerns. ... Full Story | Top |
| U.S. tablet shipments soar during holidays, threaten to surpass PCs Thursday, Jan 31, 2013 12:17 PM PST  SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook's prediction that tablets would one day outsell personal computers appears to be coming true. Holiday season shipments of tablet computers touched a record 52.5 million, up 75 percent from a year ago, as consumers snapped up a wide range of the touch-enabled mobile devices and lower priced offerings, according to International Data Corp (IDC), which tracks both markets. Growth of the tablet market handily outpaced that of personal computers, with PC shipments sliding 6.4 percent to 89.8 million in the October-December period. ... Full Story | Top |
| Take-Two delays launch of Grand Theft Auto V video game Thursday, Jan 31, 2013 10:57 AM PST (Reuters) - Take-Two Interactive Software Inc said on Thursday it has pushed back the launch of the latest game from its hit "Grand Theft Auto" franchise to September 17 from its previously announced release window of spring 2013. Shares of Take-Two were down six percent at $12.31 in early afternoon trading on the Nasdaq. The delay was to allow Take-Two's Rockstar Games studio, which develops "Grand Theft Auto" games, additional development time, the video game company said. ... Full Story | Top |
| Apple loses a U.S. appeals bid in Samsung patent fight Thursday, Jan 31, 2013 10:28 AM PST  SAN FRANCISCO (Reuters) - A U.S. appeals court on Thursday rejected Apple Inc's request to revive its bid for a sales ban on Samsung's Galaxy Nexus smartphone, dashing the iPhone maker's attempt to recover crucial leverage in the global patent wars. Apple had asked the full Federal Circuit Court of Appeals in Washington, D.C., to revisit a decision in October by a three-judge panel of the same court. The panel rejected Apple's request to impose a sales ban on Samsung's Nexus smartphone ahead of a trial set for March 2014. An Apple spokeswoman declined to comment. ... Full Story | Top |
| Microsoft sued over search-related patents Thursday, Jan 31, 2013 09:20 AM PST  NEW YORK (Reuters) - A lawsuit filed on Thursday alleges Microsoft Corp has been infringing patents that allow Internet search engines to most effectively place advertisements. I/P Engine Inc said in the suit filed in Manhattan federal court that Microsoft uses search technology based on inventions by two employees of I/P Engine's parent company, Vringo Inc. Microsoft uses the technology in systems that generate advertisements and associated links for users of the world's largest software company's search engine, Bing, the lawsuit said. ... Full Story | Top |
| Analysis: As growth wanes, Amazon begins to show Wall Street the money Thursday, Jan 31, 2013 08:56 AM PST  SAN FRANCISCO (Reuters) - After a spending spree in recent years pushed Amazon.com Inc's net results into the loss column, investors are betting that the company is tightening the purse strings and focusing on delivering a solid profit. Investors have watched with growing consternation since 2010, as the world's biggest online retailer spent billions erecting warehouses, amassing computer servers, buying video content and manufacturing tablets. Analysts say Amazon is emerging from that supercharged investment phase just as growth of its core retail business slows. ... Full Story | Top |
| Harman cuts outlook, jobs on weak European car audio sales Thursday, Jan 31, 2013 08:21 AM PST  (Reuters) - Audio systems maker Harman International Industries Inc slashed its full-year outlook and said it would cut up to 9 percent of its workforce after second-quarter profit missed Street estimates due to lower sales to European carmakers. Harman shares plunged 14 percent to $42.49 in morning trade on the New York Stock Exchange. "We expected European production to be lower, but the accelerated slowdown in the month of December really surprised us," Chief Executive Dinesh Paliwal told Reuters. ... Full Story | Top |
| Qatar Telecom to raise Asiacell stake in Iraq share sale Thursday, Jan 31, 2013 08:19 AM PST  BAGHDAD (Reuters) - Qatar Telecom (Qtel) plans to raise its stake in Asiacell as part of the Iraqi unit's $1.35 billion share sale, a Baghdad bourse official said on Thursday, as the Gulf telco seeks greater control of its foreign affiliates. Asiacell will be the first of Iraq's three mobile operators to carry out a listing, the first major offering since a U.S.-led invasion in 2003. In the past year, Qtel has spent $2. ... Full Story | Top |
| Smartphone cases - Built to survive drops, floods - and lawsuits? Thursday, Jan 31, 2013 08:15 AM PST  NEW YORK (Reuters) - The smartphone patent wars have lit up courtrooms around the world. Next up: the smartphone case wars. The makers of protective cases that shield cell phones from coffee spills and sticky-fingered toddlers are entangled in countless lawsuits seeking to protect their designs. The fights come as the mobile accessories market has gone upscale with some cases made by luxury designers costing more than the phones they cover. Some cases are billed as virtually destruction-proof, said to protect precious electronics from crushing blows or cresting waves. ... Full Story | Top |
| Exclusive: Huawei CFO linked to firm that offered HP gear to Iran Thursday, Jan 31, 2013 05:07 AM PST  LONDON (Reuters) - A Hong Kong-based firm that attempted to sell embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator has much closer ties to China's Huawei Technologies than was previously known, corporate records show. Cathy Meng, Huawei's chief financial officer and the daughter of company founder Ren Zhengfei, served on the board of Hong Kong-based Skycom Tech Co Ltd between February 2008 and April 2009, according to Skycom records filed with Hong Kong's Companies Registry. ... Full Story | Top |
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