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| Samsung addresses EU concerns in antitrust probe Friday, Sep 27, 2013 05:29 PM PDT  By Andrew Longstreth and Karen Freifeld NEW YORK (Reuters) - Samsung Electronics Co on Friday offered remedies that may settle a European Union probe over whether it breached antitrust rules through its use of patent lawsuits against rival Apple Inc. "Samsung has agreed to propose commitments that will be market tested," EU Competition Commissioner Joaquin Almunia said in a speech in New York on Friday. "We hope to conclude this case." The details of the offer were not disclosed, and Samsung could not immediately be reached for comment. ... Full Story | Top |
| eBay must face Justice Department suit over recruiting: ruling Friday, Sep 27, 2013 03:46 PM PDT  By Dan Levine SAN FRANCISCO (Reuters) - A U.S. judge on Friday refused eBay's attempt to dismiss a U.S. Department of Justice civil lawsuit over its alleged agreement with Intuit to refrain from recruiting each other's employees. In a tandem order, U.S. District Judge Edward Davila in San Jose, California, granted eBay's motion to dismiss a parallel lawsuit brought by the state of California. Representatives for eBay and the California attorney general's office could not immediately be reached for comment. ... Full Story | Top |
| Facebook to show users less unwanted ads in newsfeed Friday, Sep 27, 2013 02:51 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook newsfeeds will contain fewer ads for products or services that users are not interested in, Facebook Inc said on Friday, announcing changes in advertising policy. It was the Web company's latest effort to refine the newsfeed ads that have become more important to its business. "When deciding which ad to show to which groups of people, we are placing more emphasis on feedback we receive from people about ads, including how often people report or hide an ad," Facebook said. ... Full Story | Top |
| Telecom Italia chief Bernabe considering resigning: source Friday, Sep 27, 2013 02:48 PM PDT  By Paola Arosio MILAN (Reuters) - Telecom Italia Executive Chairman Franco Bernabe is considering resigning at a board meeting scheduled for Thursday, a source close to the situation said, as his plans to relaunch the heavily indebted company may not get enough backing. "We are heading towards a resignation," the source told Reuters on Friday. A second person familiar with the situation said Chief Operating Officer Marco Patuano could take up Bernabe's powers to ensure management continuity and that its core shareholders would name a new chairman with a broadly representation role. ... Full Story | Top |
| Judge tosses lawsuit opposed to Sirius takeover by Liberty Media Friday, Sep 27, 2013 02:03 PM PDT (Reuters) - The board of Sirius XM Radio Inc did not breach its duty to shareholders by allowing a takeover by Liberty Media Corp without demanding it pay a premium for the stock, a Delaware judge ruled on Friday. John Malone's Liberty Media acquired control of the satellite radio broadcaster in January. The media holding company had loaned Sirius $530 million in rescue financing in 2009, and as part of that deal Sirius' board agreed not to adopt a poison pill or any defense measures against a Liberty takeover after a three-year standstill. ... Full Story | Top |
| Martha Stewart to Apple: come fix my iPad now Friday, Sep 27, 2013 11:34 AM PDT  By Poornima Gupta SAN FRANCISCO (Reuters) - Martha Stewart broke her beloved iPad. Can someone from Apple rush over and fix it? She's waiting. Stewart, the doyen of home products who parlayed her image as America's household guru into a multibillion dollar empire, took to Twitter to vent about her shattered tablet, which she says Apple Inc co-founder Steve Jobs gave her. She is upset that the company has not sent anyone yet to pick it up for fixing, as per the tweet. "I am still waiting for an apple rep to come pick up my IPad. No action yey (sic)," she tweeted to her nearly 2. ... Full Story | Top |
| Dell benefits from hot U.S. leveraged loan market Friday, Sep 27, 2013 10:42 AM PDT  By Tessa Walsh LONDON (Reuters) - Dell is the latest company to benefit from the red-hot U.S. leveraged loan market as strong investor demand allowed the computer giant to cut funding costs on the $10.6 billion financing package backing its $25 billion buyout. Although the multibillion loan and bond financing was essentially a difficult turnaround story as CEO Michael Dell and private equity firm Silver Lake Partners took the firm private, the books were strong for the loans and bonds. Cash continues to pour into the U.S. ... Full Story | Top |
| BlackBerry confirms deep loss and revenue drop Friday, Sep 27, 2013 09:48 AM PDT  By Alastair Sharp and Allison Martell TORONTO (Reuters) - BlackBerry Ltd reported a quarterly loss of nearly $1 billion on Friday, in line with a warning it gave last week, just days after the smartphone maker accepted its largest shareholder's tentative $4.7 billion bid to take it private. The report showed Blackberry turned in a particularly limp performance in Latin America, a region it recently touted as a enthusiastic supporter of its devices. ... Full Story | Top |
| Chipmaker RDA Microelectronics gets $15.50/ADS buyout offer Friday, Sep 27, 2013 07:21 AM PDT By Lehar Maan (Reuters) - RDA Microelectronics Inc said China's state-owned Shanghai Pudong Science and Technology Investment Co Ltd offered to buy the shares of the chipmaker it does not already own at $15.50 per American depositary share. The offer represents a premium of 11.7 percent to RDA Microelectronics' Thursday close of $13.88 and values the company at about $750 million. The stock was up 9 percent at $15.12 but below the offer price, indicating that investors don't expect the deal to go through. The stock rose to a high of $15.25 on the Nasdaq at open. "The bid is probably too low... ... Full Story | Top |
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