Daily News: Reuters Technology News Headlines - Nasdaq to buy eSpeed platform for $750 million

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Monday, Apr 01, 2013 08:15 PM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Nasdaq to buy eSpeed platform for $750 million Apple apologizes to Chinese consumers, revamps service Microsoft co-founder to open investment office in Silicon Valley MetroPCS promotes T-Mobile deal after advisers pan it Appeals court denies broadcaster request to shut Aereo Capitol wins digital records lawsuit vs ReDigi start-up

Nasdaq to buy eSpeed platform for $750 million  Monday, Apr 01, 2013 08:15 PM PDT By John McCrank (Reuters) - Nasdaq OMX Group Inc agreed to buy electronic Treasuries-trading platform eSpeed from BGC Partners Inc for $750 million in cash, providing the exchange operator an entry into one of the world's largest and most liquid cash markets. The deal gives Nasdaq more exposure to fixed income markets, fitting into the company's strategy of expanding in asset classes beyond stock trading, where volumes have been depressed for years. More than $500 billion in U.S. Treasuries change hands daily. The acquisition helps to diversify Nasdaq's U.S. ... Full Story	Top
Apple apologizes to Chinese consumers, revamps service  Monday, Apr 01, 2013 07:02 PM PDT By Terril Yue Jones and Poornima Gupta BEIJING/SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook apologized to Chinese consumers on Monday and altered iPhone warranty policies in its No. 2 market after more than two weeks of condemnation in the state-run media of its after-sales service. From China Central Television to the People's Daily newspaper, government-controlled media outlets bashed the world's largest technology corporation for its "arrogance," protesting among other things that its current one-year service warranty was far shorter than in other markets. ... Full Story	Top
Microsoft co-founder to open investment office in Silicon Valley  Monday, Apr 01, 2013 04:08 PM PDT By Bill Rigby SEATTLE (Reuters) - Paul Allen, the billionaire co-founder of Microsoft Corp, is opening an office in Silicon Valley to make new investments in emerging technology and internet companies. The Palo Alto office, set to open in the next few weeks, will operate under the name of Vulcan Capital, the investment arm of Allen's Seattle-based Vulcan Inc, which manages his personal fortune, valued at about $15 billion. Allen, 60, co-founded the world's largest software company with Bill Gates in 1975, but left in 1983 after a bout with cancer. ... Full Story	Top
MetroPCS promotes T-Mobile deal after advisers pan it  Monday, Apr 01, 2013 03:02 PM PDT (Reuters) - MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG's unit T-Mobile USA after two proxy advisory firms recommended that shareholders vote against it. Proxy advisers Glass Lewis and ISS have backed efforts by two key activist investors to block the deal by recommending that shareholders vote against it at a special meeting on April 12. MetroPCS said in a letter to shareholders on Monday there could be no assurance it would be able to deliver better shareholder value as a stand-alone wireless company. ... Full Story	Top
Appeals court denies broadcaster request to shut Aereo  Monday, Apr 01, 2013 01:08 PM PDT By Erin Geiger Smith and Ronald Grover (Reuters) - An appeals court on Monday declined to temporarily shut down Aereo Inc, an online television venture backed by billionaire Barry Diller that broadcasters say is infringing their copyrights. The 2nd U.S. Circuit Court of Appeals disagreed with the broadcasters, including Walt Disney Co's ABC and Comcast Corp's NBCUniversal, that Aereo should discontinue its service until litigation between the companies is resolved. The television industry is closely watching the case to see whether it could disrupt the traditional TV model. ... Full Story	Top
Capitol wins digital records lawsuit vs ReDigi start-up  Monday, Apr 01, 2013 12:44 PM PDT By Jonathan Stempel and Alistair Barr (Reuters) - In a major lawsuit testing the legitimacy of music downloads, Capitol Records LLC has won a court ruling that the start-up ReDigi Inc has infringed its music copyrights. U.S. District Judge Richard Sullivan in Manhattan said ReDigi was not authorized to allow listeners to use its platform to buy and sell "used" digital music tracks originally bought from Apple Inc's iTunes website. ... Full Story	Top

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