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| Software guru McAfee says to seek asylum in Guatemala Tuesday, Dec 04, 2012 06:39 PM PST  GUATEMALA CITY (Reuters) - U.S. anti-virus software guru John McAfee, who is on the run from police in Belize seeking to question him in a murder probe, has crossed into Guatemala and said on Tuesday he will seek political asylum there. McAfee has been in hiding for three weeks since police in Belize said they wanted to question him as "a person of interest" about the murder of fellow American Gregory Faull, with whom McAfee had quarreled. McAfee smuggled himself and his girlfriend, Samantha, across the porous land border that Belize shares with Guatemala. ... Full Story | Top |
| Samsung promotes son and heir closer to top job Tuesday, Dec 04, 2012 05:24 PM PST  SEOUL (Reuters) - Samsung Electronics Co pushed the anointed heir of the company Chairman closer to the top job on Wednesday as the it cemented a global lead in smartphones with a stock price that is close to record highs. The promotion of the snappily-dressed and bespectacled Jay Y. Lee, aged 44, to the job of vice chairman comes after Samsung marked the 25th anniversary of his father Lee Kun-hee's chairmanship last week. "It is a stamp of approval from the chairman that the vice chairman has shown capability to manage Samsung. ... Full Story | Top |
| FTC nominee says to recuse himself on Google issues for two years Tuesday, Dec 04, 2012 03:18 PM PST WASHINGTON (Reuters) - A Republican law professor nominated to the Federal Trade Commission said on Tuesday he would recuse himself from the agency's investigations into Google for two years to avoid any possible conflicts of interest. The FTC is investigating Google for allegedly breaking antitrust law, although the probe could well be done before Joshua Wright is confirmed to the commission. Wright has served as director of research at the International Center for Law and Economics, a group that received funding from Google. ... Full Story | Top |
| Software guru McAfee says he will seek asylum in Guatemala Tuesday, Dec 04, 2012 02:56 PM PST GUATEMALA CITY (Reuters) - U.S. anti-virus software guru John McAfee, who is on the run from police in Belize seeking to question him in a murder probe, has crossed into Guatemala and said on Tuesday he will seek political asylum there. McAfee has been in hiding for three weeks since police in Belize said they wanted to question him as "a person of interest" about the murder of fellow American Gregory Faull, with whom McAfee had quarreled. McAfee smuggled himself and his girlfriend, Samantha, across the porous land border Belize shares with Guatemala. ... Full Story | Top |
| U.S. fails to win early limit on Net controls at global gathering Tuesday, Dec 04, 2012 02:49 PM PST  DUBAI/SAN FRANCISCO (Reuters) - A U.S. and Canadian proposal to protect the Internet from new international regulation has failed to win prompt backing from other countries, setting up potentially tough negotiations to rewrite a telecom treaty. The idea, also supported by Europe, would limit the International Telecommunication Union's rules to only telecom operators and not Internet-based companies such as Google Inc and Facebook Inc. ... Full Story | Top |
| Intel sells debt, shares jump on stock buyback hopes Tuesday, Dec 04, 2012 02:17 PM PST  SAN FRANCISCO (Reuters) - Intel Corp shares jumped more than 2 percent on Tuesday as the top chipmaker sold $6 billion in bonds to fund stock buybacks and other business activities. Intel sold the bonds in a range of maturities from five years to 30 years, according to IFR, a Thomson Reuters unit. The Santa Clara, California-based chipmaker said in a filing it plans to use proceeds of the debt sale for general corporate purposes and for stock buybacks under its existing share authorization. ... Full Story | Top |
| Court rejects Verizon challenge to roaming rule Tuesday, Dec 04, 2012 10:49 AM PST WASHINGTON (Reuters) - A U.S. appeals court on Tuesday upheld a 2011 rule that requires mobile data providers to offer roaming agreements to their competitors, rejecting a challenge brought by Verizon Wireless. The Federal Communications Commission (FCC) had sufficient authority to issue the rule, and the rule does not qualify as an unfair government seizure, the appeals court said in a unanimous decision. Roaming agreements are critical for small regional carriers who would have trouble attracting customers if they were unable to offer service outside of their region. ... Full Story | Top |
| Nokia Siemens to close German services unit: sources Tuesday, Dec 04, 2012 10:45 AM PST  FRANKFURT/HELSINKI (Reuters) - Nokia Siemens Networks' (NSN) German services unit faces closure and 1,000 jobs are at risk as Nokia and Siemens shake up the joint venture, two sources said. One of the people familiar with the situation said the closure would be effective by the end of 2013 and will be announced on Wednesday during a meeting at which workers will be told a crucial contract with Deutsche Telekom will not be extended. The Mobile telecoms equipment joint venture is cutting costs and plans to shed a quarter of its staff and sell product lines to focus on mobile broadband. ... Full Story | Top |
| Yahoo acquires video chat startup company Tuesday, Dec 04, 2012 10:37 AM PST  SAN FRANCISCO (Reuters) - Yahoo Inc said it acquired a five-person video chat company on Tuesday, the second deal by new Chief Executive Marissa Mayer to bolster Yahoo's mobile capabilities. Yahoo did not disclose the financial terms of its acquisition of OnTheAir, but said the team would be joining Yahoo's mobile group. A Yahoo spokeswoman said that Yahoo had not plans to offer OnTheAir's existing product, which lets Web users host live video conversations and was launched in March. The deal marks the second small, mobile-oriented deal since Mayer became CEO earlier this year. ... Full Story | Top |
| Chinese man avoids prison for New York Fed cyber theft Tuesday, Dec 04, 2012 09:48 AM PST NEW YORK (Reuters) - A Chinese computer programmer was spared prison time and sentenced to six months of house arrest on Tuesday after he admitted to stealing millions of dollars of software code from the Federal Reserve Bank of New York. Bo Zhang, 33, had pleaded guilty in May, after telling investigators that he had downloaded the code to an external hard drive and taken it home. He also pleaded guilty to a separate count of immigration fraud. Zhang's case had raised security concerns among congressional investigators and others that the New York Fed might be vulnerable to cyber attacks. ... Full Story | Top |
| EMC, VMware to merge data and cloud app assets into new group Tuesday, Dec 04, 2012 09:47 AM PST (Reuters) - EMC Corp, the world's leading maker of corporate data storage equipment, and its publicly-traded subsidiary, software maker VMware Inc, are planning to merge their data analytics and cloud application assets, EMC said on its website. EMC said on Tuesday the companies expect to combine a number of divisions into the new group - called the Pivotal Initiative - by the second quarter of 2013 and said the specific operational structure will be determined then. Paul Maritz, EMC's Chief Strategy Officer, will head the group, EMC said. An EMC spokeswoman declined to elaborate on the plans. ... Full Story | Top |
| Pope gets more than half million Twitter followers Tuesday, Dec 04, 2012 09:13 AM PST  VATICAN CITY (Reuters) - Even though he hasn't sent a single tweet yet, Pope Benedict had more than half a million Twitter followers in eight languages on Tuesday, the day after the Vatican unveiled his handle: @Pontifex. They included people ranging from the simple Roman Catholic faithful to a Jewish head of state. "Your holiness, welcome to Twitter. Our relations with the Vatican are at their best & can form a basis to further peace everywhere," tweeted Israeli President Shimon Peres, who at 89 is four years older than Benedict. ... Full Story | Top |
| Verizon CEO says no to Dish spectrum buy, big deals Tuesday, Dec 04, 2012 08:56 AM PST  NEW YORK (Reuters) - Verizon Communications, majority owner of the biggest U.S. mobile service, is not interested in buying spectrum from Dish Network and does not plan to make any big acquisitions, its top executive said on Tuesday. While investors have been speculating that Dish Chairman Charlie Ergen could make a lot of money if he sells Dish's wireless spectrum holdings to big U.S. mobile operators, Verizon Chief Executive Lowell McAdam told Reuters at an investor conference that his company would not be a buyer. ... Full Story | Top |
| IAC/InterActiveCorp says no plan to bid for Cupid Tuesday, Dec 04, 2012 08:54 AM PST LONDON (Reuters) - IAC/InterActiveCorp , a U.S.-based holding company for search, dating and media websites, said on Tuesday it had no plans to bid for UK-listed online dating firm Cupid . The response follows market rumors in recent weeks that it could be preparing to make a bid of around 250 million pounds ($402.4 million). "IAC/InterActiveCorp is not considering a bid for Cupid," a spokeswoman for the U.S. firm told Reuters. ($1 = 0.6213 British pounds) (Reporting by Simon Jessop and Atul Prakash, editing by Nigel Stephenson) Full Story | Top |
| Goldman Sachs downgrades IAC to sell on rising competition Tuesday, Dec 04, 2012 07:58 AM PST (Reuters) - Goldman Sachs downgraded Internet holding company IAC/InterActive Corp to "sell" from "neutral" on increasing competition in the search business. The company's shares fell as much as 10 percent to $42.56 on the Nasdaq on Tuesday morning. Goldman said IAC is facing rising competition from AOL Inc and Demand Media Inc, which compete with IAC's business of buying search ads directing users to similar search result pages on Ask.com. The brokerage expects higher competition to hurt IAC's revenue and margins. It cut its price target on the stock to $42 from $53. ... Full Story | Top |
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