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| Renesas gets $1.5 billion bailout from government, customers Sunday, Sep 29, 2013 11:28 PM PDT TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp received on Monday the 150 billion yen ($1.53 billion) bailout pledged last year by a government-led fund and major customers to aid the company's restructuring efforts. Eight of Renesas' customers, including Toyota Motor Corp, Panasonic Corp and Nissan Motor Co Ltd paid just over 12 billion yen through a third-party share allocation and the government-led fund contributed the rest. ... Full Story | Top |
| Mobile gaming firm King.com sets sights on U.S. IPO: source Sunday, Sep 29, 2013 07:59 PM PDT (Reuters) - King.com Ltd, the British mobile gaming company best known for its hit puzzle game 'Candy Crush Saga', has filed confidentially for an initial public offering (IPO) in the United States, a person familiar with the matter said on Sunday. Online technology companies are rushing to the stock market on the backs of Twitter Inc's announcement earlier this month that it plans to go public in the most eagerly anticipated IPO since last year's flotation of Facebook Inc. Emerging growth companies such as King can use a secretive IPO registration process in the U.S. ... Full Story | Top |
| Twitter to make IPO filing public this week: Quartz Sunday, Sep 29, 2013 06:59 PM PDT  NEW YORK (Reuters) - Twitter Inc plans to make its IPO filing public this week, news website Quartz reported on Sunday, citing a person familiar with the social media network's plan. Twitter, which is expected to be valued at up to $15 billion, filed with U.S. regulators on September 12 to go public, but did so confidentially and without providing a timeline under a process available to emerging growth companies. Quartz said that Twitter's IPO could still be delayed by a variety of factors, from changes to the prospectus to market conditions, to a potential shutdown of the U.S. government. ... Full Story | Top |
| Telenor buys into Asian, South American classifieds market Sunday, Sep 29, 2013 04:14 PM PDT OSLO (Reuters) - Norwegian telecoms group Telenor entered the online classifieds market on Monday, taking a stake in a Southeast Asian venture and establishing a South American business, it said in a statement. Telenor will take a 33.3 percent stake in Southeast Asia focused 701 Search, an existing venture between Singapore Press Holdings and Norwegian publishing house Schibsted, and agreed to establish a 50/50 joint venture with Schibsted to create SnT Classifieds with a focus on South America. "Telenor pays around 145 million euros in cash for its 50 percent share in SnT Classifieds and 33. ... Full Story | Top |
| UK seeks full cyber warfare capability, experts Sunday, Sep 29, 2013 01:57 PM PDT MANCHESTER, England (Reuters) - Britain will recruit hundreds of computer experts to defend its vital networks against cyber attacks and launch high-tech assaults of its own, Defence Secretary Philip Hammond said on Sunday. Addressing the annual conference of his ruling Conservative party, Hammond said Britain was spending increasing amounts of its defence budget, the fourth largest in the world, on cyber intelligence and surveillance. ... Full Story | Top |
| Bangladesh network launches 3G services Sunday, Sep 29, 2013 06:56 AM PDT DHAKA (Reuters) - Grameenphone, majority owned by Norway's Telenor, on Sunday launched Bangladesh's first mobile 3G (third generation) network, aiming for national coverage by next April. The dominant provider, which has 44 percent of the market and paid $210 million for 10 megahertz of 3G spectrum in September, pledged to do its best to make the service available at "affordable" prices. There are some 107 mobile phone users among Bangladesh's population of over 160 million but it lacks internet services, with barely 36,000 subscribers by either mobile or fixed lines. ... Full Story | Top |
| Sony's PS4 tops Xbox One as gamers' holiday choice: Reuters/Ipsos poll Sunday, Sep 29, 2013 06:05 AM PDT  By Malathi Nayak SAN FRANCISCO (Reuters) - More U.S. shoppers prefer Sony Corp's upcoming PlayStation 4 than Microsoft Corp's Xbox One, according to a Reuters/Ipsos poll, as the industry's two leading videogame console makers prepare to do battle this holiday season. Asked about their interest in dedicated game devices, 26 percent of 1,297 people surveyed online last week say they are likely to purchase the new PlayStation 4 when available, versus 15 percent opting for the Xbox One. The rift widens among those below the age of 40. ... Full Story | Top |
| Siemens cuts 15,000 jobs in six billion euro savings drive Sunday, Sep 29, 2013 05:01 AM PDT  MUNICH, Germany (Reuters) - Siemens is to shed 15,000 jobs over the next year, a third of them in Germany, as part of a 6 billion euro ($8.1 billion) cost cutting program, a spokesman said on Sunday. The announcement comes two months after the ouster of Chief Executive Peter Loescher who drew up the savings plan late last year. Europe's biggest engineering firm, whose products range from hearing aids to gas turbines, is anxious to close the gap with more profitable rivals such as U.S.-based General Electric Co and Switzerland's ABB. ... Full Story | Top |
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