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| Run silent, run deep: The life of Brian Krzanich at Intel Friday, May 03, 2013 02:57 PM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - It took him 30 years, but Brian Krzanich - the understated, analytical engineer who started his career at an Intel chip factory in New Mexico - quietly worked his way up to the top. Now, the man who once prided himself on halving production times will have to act swiftly to move the company into new areas of growth. Krzanich will take over as chief executive beginning on May 16 at the annual shareholder meeting, replacing Paul Otellini, who in November unexpectedly announced his plan to retire. ... Full Story | Top |
| No tweets for me, Buffett's second-in-command says Friday, May 03, 2013 11:20 AM PDT  By Jennifer Ablan and Jonathan Stempel OMAHA, Nebraska (Reuters) - So they are not completely in sync after all. A day after Berkshire Hathaway Inc Chairman Warren Buffett set up his own account on Twitter, his second-in-command, Charlie Munger, said he has no plans to follow the legendary investor's lead. Buffett, 82, launched his "@WarrenBuffett" account with the tweet "Warren is in the house," and immediately started adding followers at the rate of 1,000 per minute. ... Full Story | Top |
| Clients question Google's UK tax status: poll Friday, May 03, 2013 10:32 AM PDT  By Tom Bergin LONDON (Reuters) - Some of Google's clients have questioned its assertion that it does not sell to customers from its London office, a key plank in its ability to operate almost tax-free in Britain, a poll said on Friday. Meanwhile, the company began amending advertisements for London-based jobs on its website, which previously said that candidates would have to achieve "sales quotas" and "drive revenues". Google Inc says it sells all advertising in the UK, France and Germany from its Dublin office. ... Full Story | Top |
| Analysis: Court ruling may offer new path in market-data fee dispute Friday, May 03, 2013 09:39 AM PDT  By Herbert Lash NEW YORK (Reuters) - At first blush the two leading U.S. stock exchanges won a sweeping victory this week in a long-running legal battle over market data - the stock quotes, share prices and other trading information that are highly prized in the electronic marketplace. But a ruling by the U.S. Appeals Court for the District of Columbia Circuit may also have opened the door for the Internet companies, brokers and others in the case to achieve a decade-old goal of cutting the fees the exchanges charge for the data. ... Full Story | Top |
| BlackBerry Q10 sells strongly in Canada, Britain: analyst Friday, May 03, 2013 09:22 AM PDT  By Euan Rocha TORONTO (Reuters) - BlackBerry's new Q10 smartphone, which comes with the physical keyboard that many BlackBerry fans prize, is selling well in both Canada and Britain, an industry analyst said on Friday. The company introduced the Q10, its second smartphone to run the new BlackBerry 10 operating system, in Canada and Britain this week. "Our checks indicate broad sellouts with generally limited stock otherwise," Jefferies analyst Peter Misek said in a note to clients on Friday. ... Full Story | Top |
| Wall Street analysts remains bullish on LinkedIn, investors not so sure Friday, May 03, 2013 06:46 AM PDT  (Reuters) - Wall Street took a long-tem view on LinkedIn Corp's prospects on Friday, with at least six brokerages raising their price targets despite the company's slower-than-expected shift to a marketing model based on selling ads on news feeds. LinkedIn on Thursday forecast a weaker-than-expected current quarter, even after first-quarter results blew past estimates. ... Full Story | Top |
| Ericsson sees tough fight in Chinese 4G, brighter signs elsewhere Friday, May 03, 2013 05:40 AM PDT  STOCKHOLM (Reuters) - Ericsson expects cut-throat competition between telecoms equipment makers as China prepares to spend billions of dollars on high-speed networks, punishing margins at a time when profitability is already under pressure. A decade-long price war launched by Chinese vendors Huawei and ZTE has already forced suppliers like Nortel and Motorola out of the market while smaller players like Alcatel-Lucent are mired in losses. Equipment makers hoping the roll-out of 4G - also known as LTE - networks in China later this year will ease industry problems will be disappointed. ... Full Story | Top |
| Buffett says he won't sell shares of IBM: CNBC Friday, May 03, 2013 04:54 AM PDT  NEW YORK (Reuters) - Berkshire Hathaway chairman and chief executive Warren Buffett said that he would not sell shares of IBM Corp., even as the company missed earnings expectations last month. "I won't be a seller of IBM," Buffett told cable television network CNBC ahead of Berkshire's annual shareholder meeting, which will begin May 4 in Omaha, Nebraska. Buffett also said he did not buy more shares of IBM following the company's disappointing earnings results, which led to an 8 percent drop in the company's shares a day later. ... Full Story | Top |
| Laird revenue slips as demand from 'largest customer' drops Friday, May 03, 2013 04:44 AM PDT By Abhirup Roy (Reuters) - Electronic-components maker Laird Plc said revenue from its largest customer -- widely assumed to be Apple Inc -- fell 17 percent in the first quarter from a year earlier, contributing to a 2 percent fall in overall revenue. Laird, which makes electromagnetic shielding and heat control components for wireless devices, said it expected another quarter of declining revenue before growth resumes in the second half of the year as customers and the company itself launch new products. It maintained its full-year forecast. Total revenue fell to 119 million pounds ($184. ... Full Story | Top |
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