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| AT&T says does not intend to bid for Vodafone Sunday, Jan 26, 2014 11:36 PM PST  U.S. mobile operator AT&T said on Monday it was not planning to take over Britain's Vodafone, making its intentions clear after a request from the takeover panel following months of speculation. The statement to the London Stock Exchange rules out the second-largest mobile service provider in the United States from buying Vodafone for the next six months. However the group can still make an offer if Vodafone's board agrees to it, or if a third party enters the fray. "AT&T notes the recent speculation regarding a potential transaction involving Vodafone Group Plc," it said in a short statement. Full Story | Top |
| Foxconn eyes factories in U.S., Indonesia as China's luster fades Sunday, Jan 26, 2014 11:29 PM PST  By Faith Hung TAIPEI (Reuters) - Taiwan's Foxconn Technology Group, the major supplier of Apple Inc's iPhones and iPads, may build high-tech factories in the United States and low-cost plants in Indonesia as the appeal of 'made in China' fades into a burden. Beset by rising costs and labor unrest in China, Chairman Terry Gou told employees on Sunday that Foxconn is considering diversifying away from its manufacturing heartland. The world's largest contract maker of electronic goods has little choice if it's to protect margins and stay ahead of peers who have adapted the Foxconn playbook into their own success stories. Many customers and partners have asked Foxconn to open shop in the U.S., Gou said, with an eye on advanced manufacturing much closer to their home base. Full Story | Top |
| Ericsson says reaches deal with Samsung to end patent disputes Sunday, Jan 26, 2014 11:24 PM PST  Ericsson, the world's biggest telecom network equipment maker, and Samsung Electronics Co have reached a deal to end all patent-related legal disputes. Ericsson said on Monday the agreement included an initial payment and royalty payments from Samsung for the term of the multi-year license agreement and would affect Ericsson's operating cash flow at the beginning of 2014. Ericsson said the settlement would impact its fourth quarter sales by 4.2 billion Swedish crowns ($652 million) and net income by 3.3 billion Swedish crowns ($512 million). Full Story | Top |
| LG Electronics Q4 profit doubles on strong Black Friday TV sales Sunday, Jan 26, 2014 09:34 PM PST  LG Electronics Inc beat analyst estimates by doubling its fourth-quarter profit as heavy promotional activity lifted TV sales during the post-Thanksgiving holiday shopping kickoff known as Black Friday in the United States. As the $120 billion TV industry has peaked, the world's No.2 television manufacturer is now aggressively pushing to increase sales of high-end TV sets that boast curved and crispy screens with price tags of $7,000 to protect margins. Operating profit totaled 238 billion won ($220 million) in October-December, the world's second-biggest TV maker after Samsung Electronics Co Ltd said in a statement on Monday. Shares in LG Electronics dropped 1 percent after the earnings announcement, versus a 1.2 percent fall in the wider market. Full Story | Top |
| Google to buy artificial intelligence company DeepMind Sunday, Jan 26, 2014 09:04 PM PST  (Reuters) - Google Inc said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies Ltd. Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing where it got the information. A Google spokesman declined to comment on the price. Founded in London in 2012 by Demis Hassabis, Shane Legg and Mustafa Suleyman, DeepMind uses general-purpose learning algorithms for applications such as simulations, e-commerce and games, according to its website. Google, which is working on projects including self-driving cars and robots, has become increasingly focused on artificial intelligence in recent years. Full Story | Top |
| Google, Samsung announce global patent agreement Sunday, Jan 26, 2014 01:06 PM PST  (Reuters) - Google Inc and Samsung Electronics Co Ltd, which are frequently involved in patent infringement lawsuits but not against each other, announced on Sunday that they have reached a global patent cross-licensing agreement. The companies said the deal "would lead to deeper collaboration on research and development of current and future projects." "By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation," said Allen Lo, deputy general counsel for patents at Google, in a statement. Samsung's Seungho Ahn, head of the company's intellectual property center, said the deal showed "the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes." The companies have been at the center of the smartphone patent wars, though more as allies than foes. The majority of the litigation - which has sprawled across three continents, has been between Apple and the various companies involved in making smartphones based on Google's Android software, including Samsung and Google subsidiary Motorola Mobility. Full Story | Top |
| Israeli defense computer hacked via tainted email: cyber firm Sunday, Jan 26, 2014 12:23 PM PST By Allyn Fisher-Ilan and Jim Finkle JERUSALEM/BOSTON (Reuters) - Hackers broke into an Israeli defense ministry computer via an email attachment tainted with malicious software that looked like it had been sent by the country's Shin Bet secret security service, an Israeli cyber security firm said on Sunday. Aviv Raff, chief technology officer at Seculert, said the hackers earlier this month temporarily took over 15 computers, one of them belonging to Israel's Civil Administration that monitors Palestinians in Israeli-occupied territory. Raff told Reuters that Palestinians were suspected to be behind the cyber attack, citing similarities to a cyber assault on Israeli computers waged more than a year ago from a server in the Hamas-ruled Gaza Strip. Israeli officials declined to comment on Raff's findings. Full Story | Top |
| Intel expects to make decision this year on next new chip plant Sunday, Jan 26, 2014 06:19 AM PST  By Tova Cohen TEL AVIV (Reuters) - U.S. chip manufacturer Intel Corp expects to make a decision this year on the location of a new multi-billion dollar semiconductor plant using new 10 nanometer technology, executives at its Israeli unit said on Sunday. Israel is one of a number of countries competing to host the new plant. "Intel will take its decision as late as possible. Until it needs to, it won't make a decision," Maxine Fassberg, general manager of Intel Israel, told a news conference. Full Story | Top |
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