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| Exclusive: Clearwire expected to tap Sprint financing for April Wednesday, Mar 27, 2013 07:12 PM PDT  By Nadia Damouni and Sinead Carew NEW YORK (Reuters) - Clearwire Corp plans to notify Sprint Nextel Corp on Thursday that it will tap another $80 million of financing in April as part of its deal with the No. 3 U.S. wireless carrier, two people close to the matter said. In December, Sprint offered $2.97 per share to buy the rest of Clearwire that it does not own, and provided the wireless broadband operator up to $800 million in financing that it could draw on in installments of $80 million over 10 months. ... Full Story | Top |
| U.S. law to restrict government purchases of Chinese IT equipment Wednesday, Mar 27, 2013 02:48 PM PDT  By Alina Selyukh and Doug Palmer WASHINGTON (Reuters) - Congress quietly tucked in a new cyber-espionage review process for U.S. government technology purchases into the funding law signed this week by President Barack Obama, reflecting growing U.S. concern over Chinese cyber attacks. The law prevents NASA, and the Justice and Commerce Departments from buying information technology systems unless federal law enforcement officials give their OK. ... Full Story | Top |
| NZ's Telecom to slash over 1,000 jobs, more cuts to come Wednesday, Mar 27, 2013 02:47 PM PDT WELLINGTON (Reuters) - Telecom Corp said it will slash around 16 percent of its workforce to reduce costs by up to NZ$110 million ($92 million), the country's biggest telecommunications group said on Thursday, warning of more to come as it restructures its ailing businesses. Telecom said it expected to cut full-time employees to 6,300 to 6,600 by mid-year, from 7,530 at the end of 2012, as the firm struggles to compete in the broadband market. ... Full Story | Top |
| Egypt catches divers cutting Internet cable amid disruptions Wednesday, Mar 27, 2013 02:46 PM PDT CAIRO (Reuters) - Egypt's coastguard caught three divers cutting through an undersea Internet cable on Wednesday, the army said, the first suggestion criminals might be involved in days of severed connections and disruptions online. A patrol stopped a fishing boat near the Mediterranean port city of Alexandria and arrested three divers, the army spokesman said on his official Facebook page. He did not give details of the divers' possible motive in severing the link he said belonged to Egypt Telecom, the country's monopoly landline provider. ... Full Story | Top |
| Internet slowed by cyber attack on spam blocker Wednesday, Mar 27, 2013 01:32 PM PDT  LONDON (Reuters) - One of the largest ever cyber attacks is slowing global internet services and the disruption could get worse, experts said on Wednesday, after an organization blocking "spam" content became a target. Spamhaus, a London and Geneva-based non-profit group which helps weed out unsolicited "spam" messages for email providers, said it had been subjected to "distributed denial of service" (DDoS) attacks on an unprecedented scale for more than a week. ... Full Story | Top |
| Popularity helps buffer Apple from Chinese state-media attacks Wednesday, Mar 27, 2013 11:52 AM PDT  By Melanie Lee SHANGHAI (Reuters) - Chinese Internet users are crying foul over the perceived unfair treatment doled out to Apple Inc by state-run media which has actively criticized the smartphone maker for the past two weeks over its warranty policy. Apple and Volkswagen AG were singled out on March 15 by state-run China Central Television in its annual corporate malpractice expose. CCTV accused Apple of having discriminatory after-sales service in China compared to the rest of the world. ... Full Story | Top |
| Portugal media demands Google pays for news Wednesday, Mar 27, 2013 11:37 AM PDT  LISBON (Reuters) - Portuguese media companies, struggling through the worst recession since the 1970s, are pressing Google to pay for content on its news search engine, echoing similar demands elsewhere in Europe. Alberico Fernandes, head of the Portuguese Confederation of Social Communication Media, told Reuters that the global Internet services group's Iberian and Portuguese units rejected the demand at a first meeting last week but agreed to continue negotiations. ... Full Story | Top |
| Nasdaq extends deadline for Facebook IPO compensation applications Wednesday, Mar 27, 2013 09:36 AM PDT  NEW YORK (Reuters) - Nasdaq OMX Group said on Wednesday it filed with the U.S. Securities and Exchange Commission to extend the deadline for firms to apply for compensation relating to Facebook Inc's problematic IPO to April 8 from March 29. Nasdaq said it extended deadline because the week of March 25 contains both the Passover and Good Friday holidays. (Reporting By John McCrank) Full Story | Top |
| Mobile ads to push Twitter ad revenue near $1 billion in 2014: report Wednesday, Mar 27, 2013 09:20 AM PDT  SAN FRANCISCO (Reuters) - Twitter will generate nearly $1 billion in ad revenue next year due to a surge in mobile advertising on its Web microblogging service, according to a report released on Wednesday. Mobile ads will account for roughly half of Twitter's advertising revenue this year and will make up more than 60 percent of the company's ad revenue by 2015 according to research firm eMarketer. ... Full Story | Top |
| Video game found to help the blind navigate buildings Wednesday, Mar 27, 2013 09:17 AM PDT By Patricia Reaney NEW YORK (Reuters) - A video game that uses a computer-generated layout of a building can help to prepare the blind to navigate the venue in real life by improving their spatial awareness, researchers said on Wednesday. The game, based in a building at a center for the blind in Newton, Massachusetts, uses audio cues to help blind players find hidden jewels and remove them from the building without being spotted by roving monsters. ... Full Story | Top |
| From tuna to tech, Hexagon breaks Swedish mould Wednesday, Mar 27, 2013 08:44 AM PDT  By Niklas Pollard and Johannes Hellstrom STOCKHOLM (Reuters) - In the shadow of well-known brands like Volvo and Ericsson, an acquisition-packed decade has made technology firm Hexagon one of Sweden's most valuable companies and a rare newcomer among its top blue chips. The company, market leader in precision measurement technology used in fields from microchip making to surveying dam construction, is now worth more than Swedish world number two white goods maker Electrolux after taking its business so far from its roots as to be unrecognizable. ... Full Story | Top |
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