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| Dish tops rival Sprint's bid for Clearwire Wednesday, May 29, 2013 09:11 PM PDT  (Reuters) - Dish Network Corp raised its buyout offer for Clearwire Corp to $4.40 per share, valuing the wireless service provider at $6.5 billion and topping a rival bid by Sprint Nextel Corp by nearly 30 percent. Sprint, the No. 3 U.S. mobile service provider, already owns just over 50 percent of Clearwire's shares and had increased its offer to $3.40 per share last week under pressure from activist shareholders. Dish, which is also locked in a battle with Japan's SoftBank Corp to acquire Sprint, raised its bid just two days before the Sprint offer goes to a vote. ... Full Story | Top |
| Panasonic to cut 5,000 workers from automotive and industrial division Wednesday, May 29, 2013 07:41 PM PDT  TOKYO (Reuters) - Panasonic Corp said it will cut around 5,000 workers from its automotive and industrial division in a bid to bolster its operating profit margin over the next three years to a 5 percent minimum set by the company's president, Kazuhiko Tsuga. The division, which covers automotive components, semiconductors, production machinery and other devices, employs 110,000 people, around a third of Panasonic's workforce. The business is at the forefront of Tsuga's strategy to shift Panasonic away from consumer electronics to building gadgets and machinery it sells to other companies. ... Full Story | Top |
| Motorola hits comeback trail with new U.S.-made phone Wednesday, May 29, 2013 05:57 PM PDT  RANCHO PALOS VERDES (Reuters) - Motorola plans to launch a new, made-in-the-U.S. smartphone, CEO Dennis Woodside said on Wednesday, confirming speculation the once-dominant cellphone maker intends to make a comeback in the hotly competitive mobile market. Motorola, which Google Inc bought for $12.5 billion in 2012, has steadily ceded market share to Apple Inc and Samsung Electronics Co Ltd, with its latest phones garnering a relatively lukewarm reception. The new phone, called the Moto X, will be built at a 500,000 square-feet facility in Texas that will employ 2,000 people by August. ... Full Story | Top |
| Sprint, SoftBank agree to U.S. national security deal Wednesday, May 29, 2013 05:40 PM PDT  By Alina Selyukh (Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp said on Wednesday they had reached a national security agreement with U.S. authorities, overcoming a major hurdle for the Japanese company's $20.1 billion bid to control the wireless carrier. Even with that approval, there are still a number of regulatory, congressional and investor hurdles facing SoftBank before it can close on its plan to break into the U.S. market. One influential U.S. senator said on Wednesday he was "carefully examining" the approval to see if it eased his security concerns. ... Full Story | Top |
| Motorola's new 'Moto X' phone to be made in Texas Wednesday, May 29, 2013 04:59 PM PDT RANCHO PALOS VERDES (Reuters) - Motorola plans to launch a new, made-in-the-USA "Moto X" smartphone, CEO Dennis Woodside said on Wednesday, confirming speculation the once-dominant cellphone maker intends to make a comeback in the hotly competitive mobile market. Motorola, which Google Inc bought for $12.5 billion in 2012, has steadily ceded market share to Apple Inc and Samsung Electronics Co Ltd, with its latest phones garnering a relatively lukewarm reception. ... Full Story | Top |
| Amazon moving ahead with five original TV series Wednesday, May 29, 2013 01:36 PM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc said on Wednesday that it will make five original TV series, having used viewer feedback to pick the shows from a group of 14 pilots filmed by the world's largest Internet retailer earlier this year. The chosen series are: "Alpha House", a political comedy starring John Goodman; "Betas", a comedy about start-up culture in Silicon Valley; "Annebots", a kids' show about robots; "Creative Galaxy", an animated art adventure series; and "Tumbleaf", another kids' show about a small blue fox named Fig. ... Full Story | Top |
| Nasdaq to pay $10 million to settle SEC charges from Facebook snafu Wednesday, May 29, 2013 12:15 PM PDT  By Sarah N. Lynch WASHINGTON (Reuters) - Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year, U.S. securities regulators said on Wednesday. In its administrative proceeding against the stock exchange operator, the U.S. Securities and Exchange Commission said Nasdaq's "ill-fated decisions" on the day of the IPO led to a series of regulatory violations. ... Full Story | Top |
| Wearable technology emerging as major technology cycle -Meeker Wednesday, May 29, 2013 11:54 AM PDT SAN FRANCISCO (Reuters) - Wearable computing is emerging as the type of significant technology shift that will drive innovation in the way personal computing did in the 1980s or mobile computing and tablets are doing currently, said Kleiner Perkins Caufield & Byers partner Mary Meeker at the All Things D conference on Wednesday. While technology cycles generally last 10 years, she said wearables were coming on stronger and faster than is typical. ... Full Story | Top |
| Facebook says needs to improve response to hate speech Wednesday, May 29, 2013 10:29 AM PDT  NEW YORK (Reuters) - Facebook Inc admitted its systems to remove hate speech haven't worked as well as the company had hoped, amid reports that advertisers were pulling their brands off the social network in the face of a backlash from women's groups. In a blog post by its safety team late Tuesday, the company acknowledged there had been problems with removing content that would be considered examples of gender-based hate. ... Full Story | Top |
| Panel to review split ruling in Apple, Samsung patent fight Wednesday, May 29, 2013 08:18 AM PDT  WASHINGTON (Reuters) - A trade panel that specializes in patent cases will reconsider a split decision made by one of its judges in a long-running patent battle between Samsung Electronics Co Ltd and Apple Inc. The International Trade Commission said late Tuesday it would take a second look at an ITC judge's decision that Samsung had infringed one Apple patent for a text-selection feature in its smartphones and tablets. ... Full Story | Top |
| Google to license retailer ratings from STELLAService Wednesday, May 29, 2013 07:02 AM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Google Inc agreed to pay to license retailer ratings from online rating service STELLAService as the world's largest Internet search company steps up competition with e-commerce giant Amazon.com Inc. STELLAService researches customer service quality at online retailers, measuring things like response times and the speed of product returns. ... Full Story | Top |
| U.S. accuses currency exchange of laundering $6 billion Wednesday, May 29, 2013 06:39 AM PDT  By Emily Flitter NEW YORK (Reuters) - U.S. prosecutors have filed an indictment against the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks. The indictment unsealed on Tuesday said Liberty Reserve had more than a million users worldwide, including at least 200,000 in the United States, and virtually all of its business was related to suspected criminal activity. U.S. ... Full Story | Top |
| Apple CEO sees more 'gamechangers'; hints at wearable devices Tuesday, May 28, 2013 10:54 PM PDT  By Alexei Oreskovic and Poornima Gupta RANCHOS PALOS VERDES, Calif./SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook defended the company's record of innovation under his stewardship, saying he expected it would release "several more game changers" and hinting that wearable computers could be among them. "It's an area where it's ripe for exploration," Cook said on Tuesday at the All Things Digital conference, an annual gathering of technology and media executives in the California coastal resort town of Rancho Palos Verdes. "It's ripe for us all getting excited about. ... Full Story | Top |
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