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| Square COO quit after sex harassment accusation Friday, Jan 25, 2013 07:31 PM PST SAN FRANCISCO (Reuters) - The chief operating officer for mobile payments company Square, Keith Rabois, abruptly resigned this week because an employee accused him of sexual harassment and demanded "millions of dollars" to stave off a potential lawsuit, Rabois said in a Friday blog post. The revelation by Rabois, a well-known senior executive and active startup investor, caused a sensation in Silicon Valley and ignited a flurry of online chatter about Square, founded in 2009 by Twitter co-creator Jack Dorsey. ... Full Story | Top |
| First Steve Jobs movie gets red carpet premiere Friday, Jan 25, 2013 06:18 PM PST  PARK CITY, Utah (Reuters) - The first movie about Apple's legendary co-founder got its world premiere on Friday, just 15 months after Steve Jobs' death. "jOBS," starring "Two and a Half Men" actor Ashton Kutcher as the tech and computer entrepreneur who revolutionized the way people listen to music and built Apple Inc into an international powerhouse, got a red carpet roll-out at the Sundance Film Festival ahead of a U.S. national release in April. ... Full Story | Top |
| BlackRock to buy $80 million Twitter stake: source Friday, Jan 25, 2013 03:33 PM PST  SAN FRANCISCO (Reuters) - BlackRock, the world's largest asset management company, has taken an $80 million stake in Twitter Inc, a person with knowledge of the deal said Friday. The six-year old social media company will not raise new capital as part of the private deal that values the firm at more than $9 billion. BlackRock will buy shares directly from early Twitter employees seeking to liquidate their stock holdings and options. ... Full Story | Top |
| AT&T to pay $1.9 billion for Verizon spectrum Friday, Jan 25, 2013 02:17 PM PST  NEW YORK (Reuters) - AT&T Inc has inked two deals worth more than $2.68 billion this week as it accelerates its push to expand its wireless spectrum holdings to beef up capacity for high-speed services. The No 2. U.S. mobile provider said on Friday that it agreed to buy wireless airwaves from Verizon Wireless for $1.9 billion in cash, plus spectrum licenses that it will contribute to Verizon Wireless in five markets. ... Full Story | Top |
| As world of gadgets grows, online industry tunes in to video ads Friday, Jan 25, 2013 10:58 AM PST  SAN FRANCISCO (Reuters) - Internet video ads, long a sideshow in the online advertising market, are gaining in importance to marketers and Web publishers as they look to capitalize on consumers' changing viewing habits and tap a $70 billion television market. The ever-expanding array of gadgets that display online video, from tablets to Internet-connected TVs and DVD players, along with technology such as social media that facilitates distribution, has spurred new interest. ... Full Story | Top |
| Antigua could hit U.S. with copyright-free downloads Friday, Jan 25, 2013 10:46 AM PST GENEVA (Reuters) - The tiny Caribbean nation of Antigua and Barbuda will tell the World Trade Organization on Monday that it intends to use trade sanctions against the United States, which it could enforce by allowing movie downloads without protecting U.S. copyright. Antigua has the right to do so because it won a WTO legal case, first launched in 2003, against a U.S. ban on online gambling. The United States then said it would no longer apply WTO rules to gambling but failed to offer Antigua comparable access in other services, as it should have. ... Full Story | Top |
| Yandex says new mobile app is blocked by Facebook Friday, Jan 25, 2013 07:59 AM PST  MOSCOW (Reuters) - Russian internet company Yandex said on Friday its new experimental application to search on social networking sites from mobile devices was blocked by Facebook. The Wonder app is a recommendation tool for devices using Apple's iOS software that allows U.S. users of social networks to retrieve information from these sites by voice or by typing questions. The application was released late on Thursday for users of Facebook, Instagram, Foursquare and Twitter but was blocked by Facebook three hours after the launch, a Yandex spokesman said. ... Full Story | Top |
| Al Shabaab says enemies closed its Twitter account Friday, Jan 25, 2013 04:39 AM PST MOGADISHU (Reuters) - Al Shabaab on Friday said its Christian enemies had closed its Twitter account, which the Somali militant group used to parade hostages, mock rivals and claim responsibility for bombings and assassinations. The group's official Twitter account, which has thousands of followers, was offline on Friday with a message saying "Sorry, that user is suspended". It was not immediately clear why the account, which was created in 2011 under the HSM PRESS Twitter handle, was suspended. The account was still unavailable as of 1233 GMT. ... Full Story | Top |
| Samsung puts lid on capex for the first time since financial crisis Friday, Jan 25, 2013 04:24 AM 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 |
| Telenor wants 50 percent cut in Mumbai licence fee Friday, Jan 25, 2013 03:58 AM PST OSLO (Reuters) - Norway's Telenor is unlikely to bid in an auction for mobile licenses in Mumbai unless India halves the fee, its Chief Executive Jon Fredrik Baksaas said on Friday. "It is nearly impossible to participate in the Mumbai auction at the current price level," the CEO of India's sixth largest telecoms operator said. India is looking to reduce some prices for a new auction to be held by March after an overpriced sale in November failed, having attracted no bids for four areas, including New Delhi and Mumbai. ... Full Story | Top |
| Apple steps up labor audits, finds underage workers Friday, Jan 25, 2013 12:43 AM PST  SAN FRANCISCO (Reuters) - Apple Inc stepped up audits of working conditions at major suppliers last year, discovering multiple cases of underage workers, discrimination and wage problems. The iPhone and iPad maker, which relies heavily on Asian-based partners like Taiwan's Foxconn Technology Group to assemble the vast majority of its iPhones and iPads, said on Thursday it conducted 393 audits, up 72 percent from 2011, reviewing sites where over 1.5 million workers make its gadgets. ... Full Story | Top |
| Apple's China dilemma: market share or cachet? Friday, Jan 25, 2013 12:38 AM 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 |
| China's Lenovo sees RIM as M&A option, CFO says Thursday, Jan 24, 2013 11:05 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 |
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