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| Twitter's top legal executive steps down in surprise move Friday, Aug 30, 2013 04:36 PM PDT By Alexei Oreskovic SAN FRANCISCO (Reuters) - Twitter's top lawyer, known as a champion of free speech, unexpectedly stepped down on Friday as the microblogging company moved closer toward a long-expected initial public offering. Alexander Macgillivray, known for fending off legal challenges to Twitter users' right to express themselves in pithy, 140-character messages, himself tweeted the news without giving a reason for the move. But Macgillivray, who became Twitter's general counsel in September 2009, said he would continue to support the San Francisco-based company as an adviser. ... Full Story | Top |
| Microsoft offers ValueAct president seat on board Friday, Aug 30, 2013 03:52 PM PDT  SEATTLE (Reuters) - Microsoft Corp on Friday offered a seat on its board to the president of ValueAct Capital Management, the activist fund manager that pressed for the ouster of Microsoft Chief Executive Steve Ballmer and wanted a say on the software giant's strategy after taking a $2 billion stake earlier this year. The offer marks a victory for ValueAct. Reuters first reported in July that the fund was seeking a board seat as poor quarterly results slammed Microsoft's share price. The San Francisco-based fund, which manages about $12 billion for clients, owns 0. ... Full Story | Top |
| Justice Department talks with Microsoft and Google stall Friday, Aug 30, 2013 03:29 PM PDT  By Alina Selyukh WASHINGTON (Reuters) - The U.S. Department of Justice's talks with Microsoft Corp and Google Inc have hit a wall as the government pushes back at the tech companies' demand for the ability to disclose the now-secret data requests they receive. Microsoft's general counsel, Brad Smith, on Friday described as a failure the outcome of the companies' recent negotiations with the government over the disclosure of Foreign Intelligence Surveillance Act (FISA) court orders the companies receive. ... Full Story | Top |
| BlackBerry director says company can survive as niche smartphone maker: WSJ Friday, Aug 30, 2013 02:14 PM PDT (Reuters) - A member of BlackBerry Ltd's board committee tasked with exploring strategic alternatives said the company can survive as a niche smartphone maker but should sell off some parts, the Wall Street Journal said. Bert Nordberg, who joined the struggling smartphone maker's board in February, did not rule out a sale or strategic partnership, and did not specify which parts could be sold off, the newspaper said. (http://link.reuters.com/xam72v) BlackBerry said earlier this month it was looking into options for the company, which could include an outright sale. ... Full Story | Top |
| America Movil threatens to scrap KPN takeover bid Friday, Aug 30, 2013 01:53 PM PDT By Robert-Jan Bartunek and Tomas Sarmiento BRUSSELS/MEXICO CITY (Reuters) - America Movil threatened to abandon its bid for Dutch telecom KPN on Friday, saying it has no plans to raise the 7.2 billion euro ($9.5 billion) offer, after a foundation representing KPN told the Mexican firm to improve its proposal or face a veto. The foundation, an independent group of former Dutch companies' executives tasked with protecting KPN stakeholders, bought almost 50 percent of KPN's voting stock late on Thursday, moving to block the deal. ... Full Story | Top |
| Apple rolls out iPhone trade-in program in U.S. stores Friday, Aug 30, 2013 11:36 AM PDT  SAN FRANCISCO (Reuters) - Apple Inc has launched a trade-in program in its U.S. retail stores for older models of its iPhone as it gears up for the launch of a new version of the smartphone, it said on Friday. Apple will give customers a credit for their old phones to be used toward the purchase of a new model, an Apple spokeswoman said. A thriving industry exists for older versions of smartphones, especially the iPhone, on websites such as eBay and Gazelle. Even broken iPhones can fetch as much as $125 from vendors, who resell them in the United States and internationally. ... Full Story | Top |
| Bwin.party warns overhaul to cut full-year revenue Friday, Aug 30, 2013 03:34 AM PDT By Rhys Jones LONDON (Reuters) - Online gambling company bwin.party warned that full-year revenue would fall by up to 17 percent as it shrinks the business to focus on fewer markets where it can make higher returns. The company, formed by the 2011 merger of PartyGaming and Bwin Interactive Entertainment, is focusing on regulated markets and is also preparing to expand in the United States as markets open up there. The strategy, which sacrifices short-term revenue in an attempt to produce a more stable business model, is similar to one being followed by betting exchange operator Betfair. Bwin. ... Full Story | Top |
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