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| Icahn sues Dell in latest attempt to foil buyout Thursday, Aug 01, 2013 06:11 PM PDT  By Poornima Gupta (Reuters) - Activist investor Carl Icahn sued Dell Inc and its board on Thursday, his latest attempt to derail a $24.4 billion buyout bid by the computer maker's founder and CEO Michael Dell. Icahn asked a court to block rule changes Michael Dell has proposed ahead of a shareholder vote set for Friday. Icahn and his affiliates also want the court to stop Dell from changing the record date by which shareholders must have purchased their shares in order to vote. ... Full Story | Top |
| Google bets customization will be Moto's X-factor Thursday, Aug 01, 2013 04:30 PM PDT  By Sinead Carew and Alexei Oreskovic NEW YORK/SAN FRANCISCO (Reuters) - Motorola on Thursday unveiled a new smartphone that consumers can personalize with a choice of colors and materials, hoping to stand out in a crowded market and justify the $12.5 billion that Google Inc paid for the ailing handset maker. The highly anticipated "Moto X" marks the cellphone maker's first flagship device since Google bought the company in 2012, and is its latest attempt to break into a smartphone market dominated by Apple Inc and Samsung Electronics. ... Full Story | Top |
| Timeline: Dell's buyout: a topsy-turvy affair Thursday, Aug 01, 2013 04:17 PM PDT (Reuters) - The proposal by Michael Dell and Silver Lake to buy out and take private the world's No. 3 PC maker, Dell Inc, for $24.4 billion will be put to the test on Friday, when shareholders gather for a third time in Texas to cast their votes. Partnering with private equity house Silver Lake and Microsoft Corp, Michael Dell is offering $13.65 a share to take private the company he founded in a college dorm room in 1984 in what would be the biggest leveraged buyout since the financial crisis. ... Full Story | Top |
| U.S. ITC delays word on whether Samsung infringes Apple's patents Thursday, Aug 01, 2013 02:57 PM PDT  WASHINGTON (Reuters) - The U.S. International Trade Commission said on Thursday it would delay a decision on whether some mobile phones and tablets made by Samsung Electronics Co Ltd infringe on Apple Inc's patents. The decision had been expected on Thursday but was put off until August 9. No reason was given for the delay. The ITC is a popular venue for patent infringement lawsuits since it has the power to ban the importation of devices that infringe on patents. ... Full Story | Top |
| China's army defends 'sovereign territory' from Japanese - in video game Thursday, Aug 01, 2013 02:32 PM PDT  By Paul Carsten BEIJING (Reuters) - He walks backwards, emptying the magazine of his rifle into the three soldiers charging toward him with bayonets raised. They drop dead, and a small Japanese flag, its red sun stylized to resemble a bullet wound, flashes onto the screen. These are just some of the "guizi", the derogatory Chinese term for the Japanese occupiers during World War Two, that will die at the hands of Chinese troops defending their sovereign land, in a new Chinese video game released on Thursday, the anniversary of the People's Liberation Army's (PLA) founding. ... Full Story | Top |
| Activision CEO says 'business as usual' after buyback deal Thursday, Aug 01, 2013 02:30 PM PDT By Malathi Nayak SAN FRANCISCO (Reuters) - Activision Blizzard Inc will conduct "business as usual" for now while it explores growth and acquisition opportunities, the video game publisher's CEO said on Thursday after sealing a deal last week to buy back most of parent company Vivendi's stake for more than $8 billion. CEO Bobby Kotick would not be drawn out on his plans for the No. 1 video games publisher, which in past years has managed to outpace its rivals thanks to blockbuster franchises such as "Call of Duty. ... Full Story | Top |
| DirecTV subscriber growth in Latin America slows Thursday, Aug 01, 2013 01:59 PM PDT By Liana B. Baker (Reuters) - Satellite TV provider DirecTV missed earnings estimates and added fewer subscribers than expected in Latin America, raising concerns the company's biggest growth engine had slowed, which sent its shares lower. Even though DirecTV is the largest U.S. satellite provider with more than 20 million subscribers, investors tend to zero in on the subscriber trends in Latin America, where the company has until now enjoyed rapid growth by tapping into an expanding middle class, particularly in Brazil. It also operates in Colombia, Argentina, Venezuela, Chile and Ecuador. ... Full Story | Top |
| Tidemark raises $13 million for cloud-based analytics Thursday, Aug 01, 2013 10:07 AM PDT SAN FRANCISCO (Reuters) - Tidemark said Thursday it has raised $13 million in venture backing for its cloud-based analytics services, boosting the startup's efforts to challenge enterprise giants in a fast-growing sector of business technology. The investment round, which brings Tidemark's total funding to $48 million, was led by Tenaya Capital, with participation by existing investors Greylock Partners, Andreessen Horowitz and Redpoint Ventures. ... Full Story | Top |
| Telefonica, Yoigo to share 4G, broadband in Spain Thursday, Aug 01, 2013 09:46 AM PDT By Clare Kane MADRID (Reuters) - Spain's biggest telecoms operator Telefonica signed a deal with No. 4 provider Yoigo on Thursday allowing it to use its rival's superfast mobile Internet frequencies in exchange for access to its broadband assets. Telefonica, the only operator in Spain that does not currently provide 4G services, will have full use of Yoigo's superfast spectrum, while the smaller player will now be able to compete in the attractive market of bundling fixed-line and mobile telephone services. ... Full Story | Top |
| Time Warner Cable posts weak Internet numbers, sparks deal talk Thursday, Aug 01, 2013 08:17 AM PDT  By Liana B. Baker (Reuters) - Time Warner Cable Inc reported quarterly revenue below analysts' estimates as it added less than half the number of subscribers for high-speed data services that analysts had expected. Shares still rose 3.2 percent on Thursday as analysts said the cable company's management did not necessarily rule out a merger or takeover during a conference call. Time Warner Cable, which ranks second to Comcast Corp in the U.S. cable market with about 12 million customers, has attracted takeover interest from John Malone's Liberty Media Corp. ... Full Story | Top |
| Telefonica launches 4G services in Britain, Spain Thursday, Aug 01, 2013 06:49 AM PDT  LONDON/MADRID (Reuters) - Spanish telecoms operator Telefonica announced plans on Thursday to roll out superfast mobile internet in three British cities this month and a deal with TeliaSonera's Yoigo allowing it access to 4G frequencies in Spain. Telefonica's British brand O2 plans to launch its superfast mobile network in London and two other cities before extending it elsewhere around the country later this year in an effort to catch up with the market leader, merged Orange and Deutsche Telekom operator EE. ... Full Story | Top |
| Sony electronics rebound unlikely to ease pressure for change Thursday, Aug 01, 2013 04:29 AM PDT  By Mari Saito TOKYO (Reuters) - Sony Corp said its electronics division faces hard times ahead even after a weak yen helped pull it into profit for the first time in two years, ratcheting up pressure on the board to respond to activist shareholder Daniel Loeb's proposal to split the company in two. Thursday's better-than-expected earnings are unlikely to placate billionaire investor Loeb, whose New York-based Third Point hedge fund wants Sony to spin off as much as a fifth of its money-making entertainment arm - movies, TV and music - in order to make it more transparent and accountable. ... Full Story | Top |
| Vodafone restructures to create one European unit Thursday, Aug 01, 2013 04:11 AM PDT  LONDON (Reuters) - Vodafone said on Thursday it would merge its northern, central and southern European regions into one unit which will be led by Philipp Humm. Under the reorganization to take place on October 1, the group's successful Turkish division will fit into the Africa, Middle East and Asia-Pacific unit. Paolo Bertoluzzo, currently the head of southern Europe, will become the group's commercial and operations officer. Humm had been the head of northern and central Europe for the British mobile operator. ... Full Story | Top |
| Hutchison H1 profit beats forecasts on solid overseas performance Thursday, Aug 01, 2013 03:16 AM PDT By Yimou Lee HONG KONG (Reuters) - Ports-to-telecoms conglomerate Hutchison Whampoa Ltd, owned by Asia's richest man Li Ka-shing, reported on Thursday better-than-expected first-half profits, buoyed by a solid performance in European infrastructure and telecoms investments. Li, nicknamed "Superman" by local media for his deal-making savvy, plans to exit the mature Hong Kong supermarket business to focus on investing in European infrastructure and telecom assets as global economic woes drive down prices, analysts said. ... Full Story | Top |
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