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| U.S. agency: Apple infringes Samsung patent on older iPhones, iPads Tuesday, Jun 04, 2013 07:59 PM PDT  By Diane Bartz WASHINGTON (Reuters) - Samsung Electronics scored a victory over rival Apple Inc in their long-running dispute over mobile device patents after a U.S. trade agency issued an order banning older but still-popular Apple products from the U.S. market. The U.S. International Trade Commission (ITC) ruled on Tuesday that the Silicon Valley giant had infringed on a patent owned by Samsung that involves the ability of devices to transmit multiple services simultaneously and correctly through 3G wireless technology. ... Full Story | Top |
| Penguin CEO takes stand in Apple e-books antitrust case Tuesday, Jun 04, 2013 04:52 PM PDT  By Nate Raymond NEW YORK (Reuters) - The chief executive of U.S. publisher Penguin testified Tuesday that a provision in its e-books contract with Apple Inc played a role in a decision to change its contracts with other retailers, such as Amazon.com Inc. The testimony of David Shanks appeared to bolster the U.S. government's case that Apple conspired with five publishers, including Penguin, to fix prices in the developing e-books market in 2009 and 2010. Shanks, the CEO of Penguin Group (USA) Inc. ... Full Story | Top |
| Salesforce to pay $2.5 billion for ExactTarget in social marketing bet Tuesday, Jun 04, 2013 02:06 PM PDT  By Sayantani Ghosh and Gerry Shih SAN FRANCISCO (Reuters) - Salesforce.com Inc, the biggest maker of online sales software, will pay $2.5 billion for marketing software maker ExactTarget Inc in Chief Executive Marc Benioff's most significant bet to date on the social marketing business. Salesforce.com shares slid nearly 8 percent on investor fears that the bid, priced at $33.75 a share or nearly 53 percent above ExactTarget's Monday close, will depress margins in the near term. Some analysts also wondered how soon Salesforce. ... Full Story | Top |
| Amazon plans big expansion of online grocery business: sources Tuesday, Jun 04, 2013 01:59 PM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce, according to two people familiar with the situation. While food is a low-margin business, Amazon could outperform similar online grocery services by delivering orders for higher-margin items like electronics at the same time. ... Full Story | Top |
| Amazon writes huge check for video rights to Dora, SpongeBob Tuesday, Jun 04, 2013 01:56 PM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc wrote its largest-ever check for a subscription-streaming deal, securing hundreds of mostly childrens' TV programs from Viacom Inc for its Internet video service and ratcheting up pressure on rival Netflix. Amazon's deal with Viacom gives the world's largest Internet retailer broader access to hit shows including "Dora the Explorer" and "SpongeBob SquarePants." Netflix had previously conceded that losing access to those shows would be a blow. ... Full Story | Top |
| NATO boosts cyber defenses but members differ on its role Tuesday, Jun 04, 2013 01:56 PM PDT By Adrian Croft BRUSSELS (Reuters) - NATO ministers agreed on Tuesday to strengthen the organization's cyber defenses but differed about how much NATO should do to protect smaller allies from potentially devastating hacking attacks. Last year, NATO dealt with over 2,500 "significant cases" of cyber attacks on its systems, NATO's chief, Anders Fogh Rasmussen, said at the alliance's first in-depth review of cyber defence, a meeting that showed how the issue has risen to the top of the security agenda. ... Full Story | Top |
| IBM to buy website hosting service SoftLayer Tuesday, Jun 04, 2013 12:53 PM PDT  By Jennifer Saba (Reuters) - International Business Machines said on Tuesday it would acquire Web hosting company SoftLayer Technologies and create a new division for clients interested in so-called cloud services, a move to better compete with larger rivals in the space. Executives with IBM and SoftLayer declined to comment on the terms of the deal on a call with reporters. Reuters reported in March that IBM, among others, had been in talks to buy SoftLayer in a deal that could fetch more than $2 billion. ... Full Story | Top |
| Airlines push new booking platform, IT firms wary Tuesday, Jun 04, 2013 10:30 AM PDT  CAPE TOWN (Reuters) - The airline industry is set to allow consumers to see more details of what they are booking using a new online reservation platform, a project that poses a threat to many travel technology firms working with older systems. Almost two thirds of global tickets sales are made via travel agents, online travel agencies and travel management companies rather than the airlines themselves. ... Full Story | Top |
| To revive Infosys, Murthy must revamp sales, culture Tuesday, Jun 04, 2013 06:06 AM PDT  By Harichandan Arakali BANGALORE (Reuters) - Narayana Murthy's success in turning around Indian IT services firm Infosys hinges on his ability to revive its sales efforts and shake up the conservative culture he helped create. Eleven years after Murthy stepped down as chief executive at India's second largest computer services exporter, Infosys unexpectedly brought back the 66-year-old as executive chairman to reverse falling market share and end two years of disappointing results. ... Full Story | Top |
| Israel's Wix files registration with SEC for U.S. IPO Tuesday, Jun 04, 2013 06:02 AM PDT TEL AVIV (Reuters) - Wix, a web development and design platform, has submitted a draft registration to the U.S. Securities and Exchange Commission for a possible initial public offering of its ordinary shares. The proposed offering is expected to begin after the SEC completes its review process, subject to market conditions, the company said on Tuesday. Israel-based Wix, commercially known as Wix.com, offers web technology that enables online users to customize websites regardless of technical skill or previous knowledge. ... Full Story | Top |
| Amazon ad revenue may top $800 million this year: eMarketer Tuesday, Jun 04, 2013 05:09 AM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc advertising revenue may top $800 million this year as the world's largest Internet retailer uses its huge customer base and store of purchasing data to show more-target ads on its websites and those of other companies, eMarketer estimated on Tuesday. Amazon is known as a sleeping giant in the ad industry because the company has rich consumer data but has been tentative about using it for a lot of advertising. ... Full Story | Top |
| Lenovo planning smartphone venture in expansion drive Tuesday, Jun 04, 2013 04:39 AM PDT  By Lee Chyen Yee and Umesh Desai SINGAPORE/HONG KONG (Reuters) - China's Lenovo Group Ltd, the world's No.2 PC maker, is in detailed discussions on a smartphone venture with NEC Corp, a Japanese partner in PCs whose mobile business is faltering, as it eyes partnerships and acquisitions to expand in high-growth markets. Lenovo has been aggressively forging deals over the past eight years to gain prominence in PCs, and that strategy is now shifting to smartphones, tablets and enterprise computing as PC shipments decline. ... Full Story | Top |
| Online demand boosts market for rarest books, expert says Tuesday, Jun 04, 2013 02:34 AM PDT  By Nigel Stephenson HAY-ON-WYE, Wales (Reuters) - Prices of the rarest books are rising as the Internet drives the trade off dusty shelves and into the digital age, a leading expert said this weekend. Matthew Haley, head of the books, manuscripts and photographs department at auction house Bonhams in London, said the rise of online catalogues and aggregators of booksellers' stock meant more collectors were aware when a rare find came on the market. ... Full Story | Top |
| Insight: Corbat faces ghost of Weill's deals in Citi's machines Tuesday, Jun 04, 2013 02:32 AM PDT  By Dan Wilchins, David Henry and Nadia Damouni (Reuters) - When Vikram Pandit was abruptly ousted as Citigroup Inc's chief executive late last year, senior bank employees speculated for weeks about who would follow him out the door. Chief Operating Officer John Havens had already left with Pandit, and the employees bet the new CEO, Michael Corbat, would push out other Pandit loyalists. High on their list was Don Callahan, who headed operations and technology. But when Corbat named his new team in January, he kept Callahan, albeit in a reduced role. ... Full Story | Top |
| Intel sees tablet-chip efforts paying off this year Monday, Jun 03, 2013 11:32 PM PDT  By Clare Jim TAIPEI (Reuters) - Intel Corp is ramping up its efforts to have more of its chips used in mobile devices, a market it was initially slow to respond to, as officials said on Monday they expect more than 30 tablets using its processors hitting the market this year. Samsung Electronics Co announced on Monday it will use Intel's processors to power a new version of one of its top-tier Android tablets, while Asustek Computer Inc also showcased tablet and phablet designs using Intel chips. Both moves are considered a breakthrough for the U.S. chipmaker. ... Full Story | Top |
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