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| Japan wants Nissan-NEC venture to buy Sony battery operations: media Thursday, Jan 24, 2013 07:25 PM PST  TOKYO (Reuters) - A Japanese state-backed fund wants a Nissan Motor Co Ltd and NEC Corp joint venture to buy Sony Corp's lithium-ion battery unit to prevent rivals in China and Taiwan from getting its technology as the Tokyo TV maker looks to offload non-core businesses, the Daily Yomiuri said. The Bravia TV maker's shares rose as much as 6.9 percent in Tokyo after the report. The company declined to comment. ... Full Story | Top |
| Samsung puts lid on capex for first time since financial crisis Thursday, Jan 24, 2013 07:19 PM PST  SEOUL (Reuters) - Samsung Electronics Co turned cautious on spending for the first time since the global financial crisis, keeping its annual investment plan unchanged at 2012 levels, as demand for computer chips wanes and the smartphone market slows. Samsung, one of the industry's most aggressive spenders, has ramped up capital expenditure every year since 2004 except 2009 to meet soaring demand for its array of consumer electronics and mobile devices. It sold a record 700,000 smartphones a day in the last quarter. ... Full Story | Top |
| China's Alibaba and partners to invest $16 billion in logistics network: report Thursday, Jan 24, 2013 07:18 PM PST  SHANGHAI (Reuters) - Alibaba Group, which runs China's largest e-commerce platforms, and its partners will spend 100 billion yuan ($16.08 billion) in the first phase of investment to build a logistics network, a local newspaper reported on Friday. The unit will be chaired by Jack Ma, founder and chairman of Alibaba Group, and over the next 8-10 years aims to complete the network that would allow the delivery of products across China within 24 hours, Beijing News said. Once complete, the network will be able to support annual online sales of 10 trillion yuan, it said. ... Full Story | Top |
| Samsung Electronics sold 63 million smartphones in fourth quarter: report Thursday, Jan 24, 2013 06:28 PM PST  SEOUL (Reuters) - Samsung Electronics Co, the world's top handset maker, sold 63 million smartphones in the fourth quarter and commanded a 29 percent share of the global smartphone market, a report by research firm Strategy Analytics showed on Friday. In 2012, Samsung sold 213 million smartphones with a 30 percent market share, followed by Apple Inc, which sold 135.8 million iPhones with a 19 percent market share, the report said. (Reporting by Miyoung Kim; Editing by Ryan Woo) Full Story | Top |
| China's Lenovo sees RIM as M&A option, CFO says Thursday, Jan 24, 2013 06:12 PM PST  TORONTO (Reuters) - A senior Lenovo executive said on Thursday that the Chinese computer maker may consider Research in Motion as a takeover target, sending the Blackberry maker's shares up 2 percent just a week before it launches a make-or-break line of redesigned smartphones. But Lenovo, which vaulted into the personal computer market with its 2005 purchase of IBM's PC division, would face formidable hurdles if it tried to buy a company that Canadian Prime Minister Stephen Harper once described as a national "crown jewel. ... Full Story | Top |
| Nortel Networks talks on dividing cash from sales end Thursday, Jan 24, 2013 04:51 PM PST (Reuters) - Talks to divide $9 billion raised from the sale of businesses of Nortel Networks, the telecoms equipment maker that went bankrupt in 2009, ended without agreement, and the mediator said on Thursday further discussions were no longer worthwhile. The failure of nearly two weeks of talks in Toronto raises the prospect that disputes among various creditors and retirees around the world could lead to years of litigation over how to divide the cash. ... Full Story | Top |
| AT&T subscriber growth beats but profit margin misses Thursday, Jan 24, 2013 04:47 PM PST NEW YORK (Reuters) - AT&T Inc's fourth-quarter profit was lower than expected but the telephone company promised earnings and revenue growth this year even if the economy does not improve. Along with growth from its existing business, Chief Executive Randall Stephenson said on Thursday that AT&T is also eyeing overseas opportunities. He said the idea would be to profit from wireless expansion in countries where services are not yet as advanced as in the United States. ... Full Story | Top |
| Cisco sells home networking business to Belkin Thursday, Jan 24, 2013 03:49 PM PST  SAN FRANCISCO (Reuters) - Cisco Systems Inc is selling its home networking business to Belkin, the networking giant's latest move to exit the consumer business. The companies did not disclose the financial terms of the deal, which Belkin said on Thursday is expected to close in March. With the sale, Cisco sheds one of the last remaining pieces of its consumer business, following the shutdown of the Flip video camera business in 2011. Earlier this month, Cisco said it would shutter its Umi online video-conferencing service. "Their direct consumer business had all but gone away. ... Full Story | Top |
| AT&T revenue, subscriber growth beats estimates Thursday, Jan 24, 2013 03:37 PM PST NEW YORK (Reuters) - AT&T Inc's fourth-quarter revenue rose faster than expected and the telephone company promised more growth this year even if the economy does not improve. Along with growth from its existing business, Chief Executive Randall Stephenson said on Thursday that AT&T is also eyeing overseas opportunities. He said the idea would be to profit from wireless expansion in countries where services are not yet as advanced as in the United States. ... Full Story | Top |
| Open Text profit jumps on cloud-based services Thursday, Jan 24, 2013 03:21 PM PST (Reuters) - Canadian business software maker Open Text Corp reported a 29 percent growth in quarterly profit on revenue from cloud-based services. The relatively new business brought in 13 percent of Open Text's second-quarter revenue, helping the company post a 10 percent growth in total revenue. All other businesses recorded declines in revenue. Open Text, whose software helps manage compliance and other information for large companies, government agencies and professional service firms, bought EasyLink Services in May to tap the growing cloud and mobile environments. ... Full Story | Top |
| Netflix wins back Wall Street, shares jump 42 percent Thursday, Jan 24, 2013 03:08 PM PST  (Reuters) - Netflix Inc impressed Wall Street with a surprisingly strong holiday quarter that eased near-term concerns about its costly international expansion and its movie and TV bill, sending its shares skyrocketing 42 percent. The jump represented the largest single-day gain from Netflix, though shares were still trading at just under half their record of more than $300 in July 2011, when the company was celebrated on Wall Street for pioneering a video service that rocked the traditional media industry and Hollywood. ... Full Story | Top |
| Apple's China dilemma: market share or cachet? Thursday, Jan 24, 2013 02:57 PM PST  HONG KONG (Reuters) - Apple Inc's third straight disappointing quarter signals an urgent need for the global technology leader to drum up new revenue - and China may provide the answer. Now more than ever, analysts say, Apple needs to get it right in the world's most populous country, where it ranks only sixth in annual smartphone sales and Samsung Electronics remains the runaway leader. Apple's best plan of attack remains securing a deal with the country's top mobile carrier by far, China Mobile Ltd. ... Full Story | Top |
| France seeking back tax from big Web firms: minister Thursday, Jan 24, 2013 01:56 PM PST PARIS (Reuters) - France, which is studying ways of curbing legal tax avoidance by big Internet firms, has decided to go after all of them to seek payment of back taxes, Industry Minister Arnaud Montebourg said on Thursday. The government had decided, Montebourg said on France 2 television, "to launch tax retrieval procedures covering all of the Internet giants". ... Full Story | Top |
| Microsoft profit dips ahead of Office revamp Thursday, Jan 24, 2013 01:42 PM PST  SEATTLE (Reuters) - Microsoft Corp said its quarterly profit fell as Office software sales slowed ahead of a new launch, offseting a solid start for its new Windows 8 operating system. Profit at the world's largest software company slid to $6.4 billion, or 76 cents per share, in the fiscal second quarter, from $6.6 billion, or 78 cents per share, in the year-ago quarter. Wall Street had expected 75 cents per share, on average, according to Thomson Reuters I/B/E/S. Overall sales rose 3 percent to $21.5 billion, Microsoft said on Thursday, in line with analysts' estimates. ... Full Story | Top |
| Instant View: Microsoft profit dips ahead of Office revamp Thursday, Jan 24, 2013 01:38 PM PST (Reuters) - Microsoft Corp reported a dip in fiscal second-quarter profit on Thursday as weaker sales of Office software ahead of a new launch offset a solid start for its Windows 8 operating system. Commentary: COLIN GILLIS, ANALYST, BGC FINANCIAL "They put up some big numbers - it's in line with expectations. "There is a lot of pessimism around the company tied to the PC marketplace. It's been disruptive but the PC market is far from dead. It may not be growing but it's still an extremely sizable marketplace. "It misses the boat to just focus on the PC market. ... Full Story | Top |
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