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| Mike Dell's former lieutenant leads coup attempt Tuesday, Mar 26, 2013 11:58 PM PDT  By Nadia Damouni, Poornima Gupta and Greg Roumeliotis NEW YORK/SAN FRANCISCO (Reuters) - Dave Johnson finds himself once again pitted against a former employer. In leading Blackstone Group's 11th-hour bid for Dell Inc, the acquisitions expert and famously tough negotiator has seated himself across the table from ex-boss and company founder Michael Dell. Their relationship has now become a crucial element in the battle over the largest private equity-led buyout since the financial crisis. ... Full Story | Top |
| Flipboard launches new edition, lets readers create magazines Tuesday, Mar 26, 2013 06:08 PM PDT By Jennifer Saba (Reuters) - Social magazine app Flipboard launched on Tuesday one of its biggest overhauls to date allowing readers to create and share their own magazines in a bid to keep growing in popularity. The app is letting readers customize their own content around topics, events, and personal interests that can be shared with others. It also partnered with Etsy, the online bazaar for handmade goods, allowing users to shop from Flipboard. "It's the largest thing we have ever done," said Flipboard co-founder and CEO Mike McCue about the new edition. ... Full Story | Top |
| Wal-Mart steps up its online game with help from stores Tuesday, Mar 26, 2013 05:09 PM PDT  By Jessica Wohl and Alistair Barr SAN BRUNO, California (Reuters) - Wal-Mart Stores Inc, facing growing competition for quick delivery of physical goods from online retailers like Amazon.com Inc, said on Tuesday it would start using its stores to get Internet orders to customers faster. While Wal-Mart is the world's largest retailer by overall sales, on the Internet its revenue is a small fraction of Amazon's, adding some urgency to its e-commerce efforts. Wal-Mart said it would soon test having lockers to hold goods ordered on the Internet in stores until shoppers pick them up. ... Full Story | Top |
| Judge recommends Ceglia case vs Facebook be dismissed Tuesday, Mar 26, 2013 04:11 PM PDT  By Jonathan Stempel and Nate Raymond (Reuters) - A federal judge on Tuesday recommended the dismissal of a lawsuit against Facebook Inc in which Paul Ceglia, an upstate New York wood pellet salesman, claimed a huge ownership stake in the social media company. U.S. Magistrate Judge Leslie Foschio said there is "clear and convincing evidence" that an alleged 2003 contract with Mark Zuckerberg, now Facebook's chief executive, that Ceglia claimed entitled him to a one-half interest in the company is a "recently created fabrication. ... Full Story | Top |
| T-Mobile USA eyes growth from iPhone, marketing changes Tuesday, Mar 26, 2013 03:23 PM PDT  By Sinead Carew NEW YORK (Reuters) - T-Mobile USA said on Tuesday that it will start selling Apple Inc's iPhone on April 12, making it the last of the big national U.S. operators to sell the popular smartphone. The No. 4 U.S. mobile provider, which is seeking to merge with smaller rival MetroPCS Communications, is hoping the device can help stem customer losses. The launch follows a marketing overhaul that eliminates device subsidies and two-year service contracts favored by its bigger rivals. ... Full Story | Top |
| Oracle unveils faster gear to energize hardware business Tuesday, Mar 26, 2013 03:13 PM PDT  By Noel Randewich REDWOOD CITY, California (Reuters) - Oracle Corp Chief Executive Larry Ellison unveiled a new line of faster servers on Tuesday, the latest step to revive a shrinking hardware division and shore up a core software business threatened by smaller rivals. Servers built with Oracle's new "T5" microprocessors have beaten several performance records and run business databases and applications much faster than previous versions, the billionaire told reporters at a launch event in Redwood City. Ellison is focusing Oracle's hardware division, acquired through the $5. ... Full Story | Top |
| Facebook expands ad targeting system to its newsfeed Tuesday, Mar 26, 2013 03:01 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc is expanding the advertising system that lets marketers tailor messages to users of the No. 1 social network based on their browsing history, in the company's latest step to refine its ad business. So far, the system has been used to target graphical display ads on the right side of a Facebook user's page, based on websites visited in the past, such as for products or potential vacation destinations. The move announced on Tuesday will incorporate this system, called Facebook Exchange, to the ads in Facebook's News Feed. ... Full Story | Top |
| T-Mobile USA CEO: ready for any outcome of MetroPCS process Tuesday, Mar 26, 2013 02:57 PM PDT NEW YORK (Reuters) - John Legere, the chief executive T-Mobile USA, said he expects shareholders to approve the company's plan to merge with MetroPCS Communications Inc. But if the deal falls through, the executive said, he would be prepared. Legere has been meeting with MetroPCS shareholders ahead of an April 12 vote on the deal, which two activist investors are trying to block. T-Mobile USA is a unit of Deutsche Telekom, which would own 74 percent of the combined company. ... Full Story | Top |
| Wells Fargo says cyber attack disrupting website Tuesday, Mar 26, 2013 12:59 PM PDT  (Reuters) - Wells Fargo & Co on Tuesday said its online banking website was experiencing an unusually high volume of traffic that it believes stems from a denial-of-service cyber attack. "The vast majority of customers are not impacted and customer information remains safe," said Bridget Braxton, a spokeswoman for the fourth-largest U.S. bank by assets. Customers who have trouble should try logging in again because the disruption is usually intermittent, she said. ... Full Story | Top |
| Exclusive: Linux users file EU complaint against Microsoft Tuesday, Mar 26, 2013 12:19 PM PDT  By Sarah Morris MADRID (Reuters) - A Spanish association representing open-source software users has filed a complaint against Microsoft Corp to the European Commission, in a new challenge to the Windows developer following a hefty fine earlier this month. The 8,000-member Hispalinux, which represents users and developers of the Linux operating system in Spain, said Microsoft had made it difficult for users of computers sold with its Windows 8 platform to switch to Linux and other operating systems. ... Full Story | Top |
| U.S. court questions public interest scope in Apple secrecy hearing Tuesday, Mar 26, 2013 11:46 AM PDT  By Alina Selyukh WASHINGTON (Reuters) - A federal appeals court aggressively questioned the scope of the public interest and trade secrets at a hearing on Tuesday over document secrecy in Apple Inc's patent litigation against Samsung Electronics Co Ltd. A coalition of media advocacy groups and news organizations is asking the Federal U.S. Circuit Court of Appeals to uphold a lower court ruling that ordered the companies to unseal many financial documents filed in the high-stakes patent case. ... Full Story | Top |
| Deadline for Hon Hai to invest in Sharp lapses with no deal Tuesday, Mar 26, 2013 11:33 AM PDT  TOKYO (Reuters) - The deadline for Hon Hai Precision Industry Co to buy a stake in Sharp Corp lapsed Tuesday without any deal, ending an agreement forged last year that would have made the Taiwanese firm the No.1 shareholder in the Japanese TV maker. Talks for Hon Hai to purchase as much as a 9.9 percent stake stalled after Sharp balked at its demand for a degree of management control. Hon Hai also sought to lower the $708 million price tag after Sharp's shares slumped in the wake of losses that prompted a bailout from its banks last year. ... Full Story | Top |
| Just do it, says Yahoo's teen app millionaire Tuesday, Mar 26, 2013 10:34 AM PDT  By Paul Sandle LONDON (Reuters) - Got a tech idea and want to make a fortune before you're out of your teens? Just do it, is the advice of the London schoolboy who's just sold his smartphone news app to Yahoo for a reported $30 million. The money is there, just waiting for clever new moves, said 17-year-old Nick D'Aloisio, who can point to a roster of early backers for his Summly app that includes Yoko Ono and Rupert Murdoch. ... Full Story | Top |
| Canadian startup muscles into gesture-control market Tuesday, Mar 26, 2013 09:55 AM PDT  By Supantha Mukherjee and Krithika Krishnamurthy (Reuters) - Ever wanted to unleash your inner Jedi? If Thalmic Labs makes good on its promise, Star Wars fans will soon be able to play video games with the sweep of a hand. The Canadian startup venture says it has 22,000 pre-orders for its MYO device, an armband that reads muscle signals before amplifying and relaying them to gadgets using Bluetooth wireless technology. It plans to begin deliveries in the fourth quarter. "It's a functional device," Stephen Lake, co-founder and chief executive of Thalmic Labs, told Reuters in an interview. ... Full Story | Top |
| Ericsson sues Indian handset maker for patent infringement Tuesday, Mar 26, 2013 08:56 AM PDT  STOCKHOLM (Reuters) - Swedish telecoms equipment maker Ericsson said on Tuesday it had sued Indian handset maker Micromax and its distributor for infringement of wireless patent rights. Ericsson was confirming an earlier report in the Economic Times of India that it had sued after Micromax refused to sign license agreements for several wireless technologies. "It is once again about FRAND (fair, reasonable and non-discriminatory terms)," Ericsson spokeswoman Karin Hallstan said. She declined to comment further. ... Full Story | Top |
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