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| Google, like Facebook, in talks to buy Waze for about $1 billion: report Thursday, May 23, 2013 06:07 PM PDT  (Reuters) - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a source. Other media have reported that Facebook Inc has held talks to buy Waze for as much as $1 billion. ... Full Story | Top |
| Google faces new federal antitrust probe: source Thursday, May 23, 2013 05:54 PM PDT  WASHINGTON (Reuters) - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent out civil investigative demands in relation to the probe, which would be the sign of a formal and more serious investigation. ... Full Story | Top |
| Hulu video site auction attracts four bidders: sources Thursday, May 23, 2013 05:00 PM PDT  By Ronald Grover LOS ANGELES (Reuters) - Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service. Satellite operator DirecTV and cable operator Time Warner Cable Inc also put in bids, one of the people told Reuters. ... Full Story | Top |
| Judge says leaning toward U.S. in Apple e-books case Thursday, May 23, 2013 04:00 PM PDT  By Nate Raymond NEW YORK (Reuters) - In an unusual move before a trial, a federal judge expressed a tentative view that the U.S. Justice Department will be able to show evidence that Apple Inc engaged in a conspiracy with publishers to increase e-book prices. U.S. District Judge Denise Cote, who is set to oversee a trial on June 3, gave her view during a pretrial hearing on Thursday. ... Full Story | Top |
| ITC says Microsoft did not violate Google patent Thursday, May 23, 2013 03:48 PM PDT  WASHINGTON (Reuters) - Microsoft Corp won a round in a complex patent war on Thursday when the International Trade Commission said the company's popular Xbox entertainment system did not violate a patent owned by Google subsidiary Motorola Mobility. If the ITC had found that Microsoft infringed, it could have barred the Xbox from being imported into the United States. The fight over the Xbox is related to a larger smartphone patent war between Apple, Microsoft and the mobile phone makers who use Google's Android software, including Motorola Mobility. ... Full Story | Top |
| Angie's List eyes 'year of transition' as cashflow turns positive Thursday, May 23, 2013 03:05 PM PDT By Chandni Doulatramani and Supantha Mukherjee (Reuters) - Angie's List Inc expects cashflow to turn positive this year as it spends less on acquiring new paid customers for its consumer review website, the company's co-founder said, fending off criticism of its business model by short-seller Citron Research. Chief Executive William Oesterle said Angie's List, which compiles reviews on everything from plumbers to pediatricians, said a recovery in U.S. consumer confidence might also help the company to post its maiden profit in 2014. ... Full Story | Top |
| Icahn seeks up to $7 billion for Dell bid Thursday, May 23, 2013 01:51 PM PDT  By Michelle Sierra NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday. Jefferies & Co is leading the deal. Icahn and Southeastern are looking to lock in the financing before Dell shareholders meet in July to vote on a rival take-private offer from CEO Michael Dell and Silver Lake Partners. ... Full Story | Top |
| Apple enjoyed Irish tax holiday from the start Thursday, May 23, 2013 12:55 PM PDT  By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said. Chief Executive Tim Cook faced criticism from a Senate subcommittee in Washington on Tuesday over the iPad and iPhone maker's tax practices, which had been shrouded from full view behind secretive tax-exempt Irish-based corporate entities. ... Full Story | Top |
| ChannelAdvisor soars in debut Thursday, May 23, 2013 11:30 AM PDT By Alistair Barr and Tanya Agrawal (Reuters) - ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. The company's shares opened up 25 percent, after its initial public offering of 5.8 million shares was priced at $14 per share, the high end of its pricing range. ChannelAdvisor shares were trading up 40 percent at $19.54 on the New York Stock Exchange. They touched an intraday high of $19.73, valuing the company at about $400 million. ... Full Story | Top |
| GameStop says 2013 outlook improved after Xbox One news Thursday, May 23, 2013 10:51 AM PDT  By Chandni Doulatramani and Malathi Nayak (Reuters) - GameStop Corp raised the lower end of its full-year earnings forecast on Thursday after beating fourth-quarter estimates, counting on a boost from new gaming consoles due later this year and further growth in digital and mobile sales. The videogame industry, which has struggled with declining sales as gamers migrate to mobile and social media platforms, is hoping for a strong finish to 2013 with the release of new titles like Take-Two Interactive Software's "Grand Theft Auto V" and Electronic Arts Inc's "Battlefield 4. ... Full Story | Top |
| EU pledges 5 billion euros funding for electronics research Thursday, May 23, 2013 09:40 AM PDT BRUSSELS (Reuters) - The European Union is pledging 5 billion euros ($6.5 billion) to boost research on semiconductors and other electronics items used in everything from smartphones to cars, in a bid to boost the sector which is lagging U.S. and Asian rivals. Europe's micro- and nano-electronics industry has grown 5 percent annually since 2000, even in the financial downturn. But the sector's level of investment and returns lag those of other regions. ... Full Story | Top |
| EU wants big companies to reveal national tax bills Thursday, May 23, 2013 05:44 AM PDT  By John O'Donnell BRUSSELS (Reuters) - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Michel Barnier, the European commissioner in charge of drafting business regulation, said in a speech in Amsterdam that rules which will force banks to report their profits, taxes and subsidies by country from 2015 should be extended to cover other companies. "We will expand these reporting obligations to large companies and groups," he said on Thursday. ... Full Story | Top |
| SoftBank would add 'security director' to Sprint board Thursday, May 23, 2013 05:29 AM PDT  (Reuters) - SoftBank Corp would appoint a "security director" to Sprint Nextel Corp's board if its takeover bid succeeds and give the U.S. government right of approval on the appointment in hopes of easing national security concerns raised by the proposed deal. Sprint said in a filing with the U.S. Securities and Exchange Commission on May 1 that the new director appointed by Tokyo-based SoftBank would oversee public safety concerns related to Sprint's wireless and wireline operations. ... Full Story | Top |
| Aixtron shake-up aims for LED equipment top spot Thursday, May 23, 2013 05:23 AM PDT FRANKFURT (Reuters) - Aixtron's new chief executive laid out a strategy focused on returning to profit and wrestling back leadership of the global market for LED chip-making equipment from U.S. rival Veeco Instruments. The German company swung from a profit in 2011 to a net loss of 103.2 million euros ($132.9 million) last year as orders from customers making light-emitting diode (LED) chips for televisions and lighting equipment dried up. ... Full Story | Top |
| Huawei's Middle East revenue rose 18 percent in 2012: executive Thursday, May 23, 2013 04:43 AM PDT  By Matt Smith DUBAI (Reuters) - China's Huawei Technologies Co's Middle East revenue rose 18 percent to $2.08 billion in 2012 and the roll-out of 4G mobile networks and IT outsourcing will be among its main regional growth drivers, the firm said. The world's second-largest telecom equipment maker also expects Middle East telecom operators to prioritize improving network efficiency, Shi Yaohong, president of Huawei Middle East, told Reuters in an email. "Operators' shift toward software-defined networks, IT outsourcing and adoption of 4G ... ... Full Story | Top |
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