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| Exclusive: Britain to quiz Google and auditor again on tax Tuesday, Apr 30, 2013 11:10 PM PDT  By Tom Bergin LONDON (Reuters) - Executives from Google Inc. and its auditor Ernst & Young will be called again to a British parliament committee to testify on tax, after a Reuters investigation highlighted inconsistencies in the way Google portrays its activities in Britain, the committee's chairwoman told Reuters. Margaret Hodge, head of the Public Accounts Committee (PAC), which is tasked with ensuring value in government financial affairs, said she would summon the companies' representatives to explain previous comments to the committee in light of the report. ... Full Story | Top |
| Sharp to post worse-than-forecast annual loss: sources Tuesday, Apr 30, 2013 08:10 PM PDT  TOKYO (Reuters) - Sharp Corp, which supplies Apple Inc with screens for its iPhone and iPad, will post a bigger-than-forecast net loss for the year that ended on March 31 in part because low output at its factories forced it to write off excess capacity, two sources with knowledge of the result said. Japan's leading maker of liquid crystal displays had a 500 billion yen ($5.1 billion) net loss for the year, worse than the 450 billion yen deficit it forecast in November, the sources said on condition that they not be identified. ... Full Story | Top |
| Exclusive: Bain, Golden Gate in the lead to buy BMC Software - sources Tuesday, Apr 30, 2013 07:09 PM PDT By Greg Roumeliotis and Soyoung Kim NEW YORK (Reuters) - A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software Inc for more than $6.5 billion, three people familiar with the matter said on Tuesday. Bain and Golden Gate, which made a binding bid for the business software maker on April 22, offered more than a rival consortium of KKR & Co LP, TPG Capital LP and Thoma Bravo LLC, the sources said. ... Full Story | Top |
| First legal online poker site goes live in Nevada Tuesday, Apr 30, 2013 06:16 PM PDT By Ronald Grover (Reuters) - Already home to the Las Vegas strip with its casinos and high-stakes games, Nevada on Tuesday became the first state where residents can legally play poker online for money. Station Casinos went live with UltimatePoker.com after Nevada legalized online poker in February. New Jersey and Delaware have legalized online gambling, which could eventually generate billions of dollars in revenue for companies and local governments. UlimatePoker.com will operate under a 30-day license, said A.G. ... Full Story | Top |
| Yahoo scraps Dailymotion bid after French government concerns: reports Tuesday, Apr 30, 2013 05:48 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc has abandoned an effort to acquire a majority stake in online video website Dailymotion due to objections by the French government, according to media reports, scrapping what would have been the biggest deal in the 10-month tenure of Yahoo CEO Marissa Mayer. Yahoo had been in talks to buy a 75 percent stake in Dailymotion, owned by telecommunications company France-Telecom Orange, in a deal that would have valued the video website at $300 million. ... Full Story | Top |
| Uber investor gauges interest in major new funding round: source Tuesday, Apr 30, 2013 05:41 PM PDT By Sarah McBride (Reuters) - An investor in Uber, the fast-growing alternative taxi service, has reached out to a venture capital firm about a potential new funding round that could value the company at $1 billion or more, a person familiar with the situation told Reuters. Uber's chief executive, Travis Kalanick, said the company was not currently raising money. Uber allows customers to quickly find rides among for-hire car services, such as limousines, by using an app on their phone. ... Full Story | Top |
| SolarWinds forecasts second quarter below estimates Tuesday, Apr 30, 2013 03:46 PM PDT (Reuters) - SolarWinds Inc's first-quarter revenue missed analysts' estimates and the network management software maker forecast current-quarter results below expectations as it struggles to sell new licenses. SolarWinds shares fell as much as 10 percent in extended trading. The company's core products are used by IT professionals and teams in companies to configure, monitor and report on the health and performance of their network, systems, and application infrastructure. SolarWinds expects second-quarter adjusted earnings in the range of 37 cents to 38 cents per share on revenue of $77. ... Full Story | Top |
| Speed traders eyed after Twitter hack attack: regulator Tuesday, Apr 30, 2013 02:59 PM PDT  WASHINGTON (Reuters) - The phony tweet from the Associated Press' hacked Twitter account, which sparked a short-lived panic in the stock market a week ago by saying that President Barack Obama was injured in two explosions at the White House, underscored the need to look at regulating automated trading, the top U.S. derivatives regulator said on Tuesday. "I think that we do need to finalize a concept release that we've been working on for many moons here at the CFTC," Commodity Futures Trading Commission Chairman Gary Gensler told a public meeting of the agency on Tuesday. ... Full Story | Top |
| Apple wows market with record $17 billion bond deal Tuesday, Apr 30, 2013 02:44 PM PDT  By John Balassi and Josie Cox NEW YORK/LONDON, April 30 (IFR) - Apple Inc wowed the debt markets on Tuesday with the largest non-bank bond deal in history, pricing a whopping $17 billion as the U.S. computer giant switches strategy to placate restless shareholders. Just a week after announcing its first drop in quarterly earnings in a decade, Apple came to market with the massive deal to raise funds for an ambitious program that will return $100 billion in cash to holders of Apple shares. ... Full Story | Top |
| Former Goldman programmer fails to win dismissal of code theft case Tuesday, Apr 30, 2013 02:26 PM PDT  By Jonathan Stempel NEW YORK (Reuters) - A former Goldman Sachs Group Inc computer programmer failed to win the dismissal of charges by Manhattan's district attorney of stealing secret trading code, despite having earlier had his federal conviction over the same activity thrown out. In a decision made public on Tuesday, New York State Supreme Court Justice Ronald Zweibel said the former programmer, Sergey Aleynikov, did not show that the charges brought by Manhattan District Attorney Cyrus Vance Jr amounted to double jeopardy, or were part of a "vindictive prosecution" justifying dismissal. ... Full Story | Top |
| Yahoo expands paid maternity, paternity benefits Tuesday, Apr 30, 2013 02:00 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc has increased the amount of paid leave new parents can take, bringing the Internet company closer to the policies of some of its Silicon Valley peers from which it hopes to lure engineers. The new policy marks the latest move by Chief Executive Marissa Mayer, who had her first child two months after taking over in July, to revamp the struggling Internet company. The 37-year old executive has been under a public spotlight that has placed her at the center of a growing debate about gender equality in the workplace. ... Full Story | Top |
| Veeva Systems planning initial public offering: sources Tuesday, Apr 30, 2013 01:31 PM PDT By Olivia Oran (Reuters) - Life sciences-focused software company Veeva Systems is planning an initial public offering that could come in the third quarter and has selected banks to lead the deal, according to two people familiar with the matter. The Pleasanton, California-based company has hired Morgan Stanley and Deutsche Bank AG, the sources said on Tuesday. The sources declined to speak publicly because the matter is private. Veeva Systems, Morgan Stanley and Deutsche Bank declined to comment. ... Full Story | Top |
| Leap Wireless revenue falls as it loses customers Tuesday, Apr 30, 2013 01:27 PM PDT NEW YORK (Reuters) - Wireless service provider Leap Wireless reported on Tuesday a wider quarterly loss as revenue declined as it had more than 93,000 net customer losses in the first quarter. Leap posted a loss attributable to common shareholders of $111.3 million, or $1.43 per share, compared with a loss of $98.4 million, or $1.28 per share, in the year-ago quarter. Revenue fell to $789.9 million from $825.6 billion, compared with Wall Street expectations for $735.75 billion, according to Thomson Reuters I/B/E/S. (Reporting By Sinead Carew) Full Story | Top |
| Mexican Congress passes telecoms overhaul in swipe at Slim, rivals Tuesday, Apr 30, 2013 12:28 PM PDT  By Miguel Gutierrez MEXICO CITY (Reuters) - Mexico's Congress on Tuesday gave overwhelming final approval to an expansive overhaul of the telecommunications sector, which aims to boost competition in the industry and tame the likes of billionaire Carlos Slim and broadcaster Televisa. The bill encourages more foreign investment in the telecoms industry and gives regulators the power to stop companies from controlling more than 50 percent of the market, a measure aimed directly at telecoms tycoon Slim and Televisa. ... Full Story | Top |
| Exclusive: Ride service Uber raising cash at $1 billion valuation Tuesday, Apr 30, 2013 12:07 PM PDT  By Sarah McBride SAN FRANCISCO (Reuters) - Ride-sharing service Uber is raising a new funding round at a valuation of $1 billion, according to a person familiar with the situation. If the company succeeds, it will join an elite group of start-ups that command 10-figure valuations. The situation underscores investors' desire to pay premiums for any company they think might become the type of outsized success story along the lines of business network LinkedIn or software company Workday. ... Full Story | Top |
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