| | |
| Groupon names Lefkofsky CEO; revenue exceeds estimates Wednesday, Aug 07, 2013 05:20 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - Groupon Inc named co-founder Eric Lefkofsky its chief executive and reported a record quarter for its North American business, signaling growing momentum in its comeback effort, and its shares rose almost 20 percent. The company, which also announced a $300 million share repurchase program on Wednesday, reported a better-than-expected 7 percent jump in second-quarter revenue to $608.7 million, as sales in the United States and Canada climbed 45 percent. ... Full Story | Top |
| Publishers object to U.S. restrictions on Apple in e-books case Wednesday, Aug 07, 2013 04:39 PM PDT  By Nate Raymond (Reuters) - Five of the largest U.S. publishers objected to tough new restrictions sought by the U.S. government against Apple Inc for illegally conspiring to raise e-book prices. In a motion filed on Wednesday in U.S. district court in Manhattan, the publishers said a proposed final order in the case would effectively prevent Apple from entering agreements that limit its ability to discount books. The publishers said provisions proposed by the U.S. ... Full Story | Top |
| How will Amazon's Bezos change The Washington Post? Wednesday, Aug 07, 2013 04:01 PM PDT  By Bill Rigby SEATTLE (Reuters) - Technology and media circles are abuzz at how e-commerce wunderkind Jeff Bezos plans to modernize The Washington Post, a money-losing bastion of the old economy. Among the top predictions: the man who transformed retailing will want to wean the venerable paper off its print edition; expand the Post's real-time content for a Twitter generation; share Amazon's near-unparalleled data on online buyers; and devise novel avenues to sell anything from books to smartphones to the Post's half a million readers. The founder and CEO of Amazon. ... Full Story | Top |
| Higher marketing costs crimp Fusion-io profit, shares fall Wednesday, Aug 07, 2013 03:57 PM PDT By Lehar Maan (Reuters) - Storage drive maker Fusion-io Inc reported a bigger quarterly loss as it spent more on marketing and incurred costs related to absorption of employees from a company it acquired in April. Fusion-io shares fell 20 percent in extended trading after closing at $14.90 on the New York Stock Exchange on Wednesday. The company said it absorbed about 60 employees of Colorado-based NexGen Storage during the quarter. Fusion-io employs about 940 people now, up by about 270 from a year earlier. ... Full Story | Top |
| Demand Media revenue growth slows on changes at Google Wednesday, Aug 07, 2013 02:34 PM PDT By Jennifer Saba (Reuters) - Demand Media , the online content company that operates websites such as eHow and Cracked, said on Wednesday its total year-on-year revenue growth slowed to 9 percent in the second quarter to $101.1 million because of changes in the Google search engine. During the first quarter revenue rose 17 percent. In recent years, Demand Media has been hurt when Google adjusts its search algorithm to keep in check the quality of content that surfaces in its search results. Demand relies on high search results for its content which helps bring in advertising revenue. ... Full Story | Top |
| AOL to buy video ad platform for $405 million Wednesday, Aug 07, 2013 02:34 PM PDT  By Jennifer Saba (Reuters) - AOL Inc said on Wednesday it would buy Adap.tv, an electronic trading platform that helps companies advertise on video websites, for $405 million in its biggest acquisition under CEO Tim Armstrong. AOL, which is trying to rely less on its dial-up subscription service, also reported higher-than-expected revenue for the second quarter on an increase in display, search and ads from third-party networks. Its shares rose 2 percent. In recent months, AOL has turned its attention to reaping more advertising dollars from marketers through electronic buying. ... Full Story | Top |
| RealD reports quarterly loss; revenue falls Wednesday, Aug 07, 2013 01:15 PM PDT (Reuters) - 3D technology licensor RealD Inc reported a 13 percent fall in revenue as fewer people chose to watch movies in 3D, leading to a drop in demand for its products. The company posted a net loss of $1.5 million, or 3 cents per share, compared with net income of $3 million, or 5 cents per share, a year earlier. Revenue fell to $59.2 million. (Reporting by Chandni Doulatramani in Bangalore; Editing by Maju Samuel) Full Story | Top |
| U.S. appeals court revives Apple patent claims vs. Google Wednesday, Aug 07, 2013 12:46 PM PDT  By Dan Levine (Reuters) - A U.S. appeals court ruled on Wednesday that Apple Inc should be able to renew its arguments at the International Trade Commission that Google Inc's Motorola Mobility unit violated two patents relating to the iPhone. The Federal U.S. Circuit Court of Appeals in Washington, D.C. found that the ITC erred when it invalidated one Apple patent and found that Motorola didn't infringe another. The court returned the case to the ITC for further analysis of those issues, under different legal standards. An Apple spokeswoman declined to comment. ... Full Story | Top |
| After strong second quarter, Time Warner's ups year forecast, sets Time spinoff Wednesday, Aug 07, 2013 11:38 AM PDT  By Liana B. Baker (Reuters) - Hit movies and strong cable TV advertising boosted Time Warner Inc's second-quarter profit, and the media company raised its profit forecast for the year and said the spinoff of its Time Inc magazine division would be early next year. Chief Executive Jeff Bewkes said on a conference call with analysts that the spin-off the publisher of People, Sports Illustrated and Time magazines as a publicly traded company would occur in early 2014 instead of by the end of this year to give it more time to develop its strategy. ... Full Story | Top |
| Vimpelcom hires former Verizon Wireless finance chief Wednesday, Aug 07, 2013 11:33 AM PDT  By Maria Kiselyova MOSCOW (Reuters) - Russia's third-largest mobile operator Vimpelcom has hired the former finance chief of the biggest U.S. mobile provider Verizon Wireless, as it strives to cut its $23 billion debt. Vimpelcom, which has significant operations in Italy and several emerging markets, also said on Wednesday it was moving its shares to U.S. technology market Nasdaq after nearly two decades trading on rival NYSE Euronext, to cut costs. ... Full Story | Top |
| Vodafone turns to sport and songs to sell 4G in Britain Wednesday, Aug 07, 2013 08:42 AM PDT By Paul Sandle LONDON (Reuters) - Vodafone has turned to sports and music to set its 4G superfast mobile service apart when it finally launches in Britain later this month in competition with O2 and the well-established offer from EE. The mobile operator, the third largest after EE and Telefonica's O2 in Britain, is offering 150 hours of Premier League soccer from Sky Sports or music from online streaming service Spotify Premium as well as unlimited data for three months to customers who switch. ... Full Story | Top |
| Nice Systems to buy Causata after second-quarter profit rise Wednesday, Aug 07, 2013 08:24 AM PDT By Allyn Fisher-Ilan JERUSALEM (Reuters) - Israel-based software provider Nice Systems agreed to buy U.S. data firm Causata and reported a rise in profit, driven by big gains in products that analyze data to help companies comply with regulations and prevent fraud. The purchase will be slightly dilutive to third-quarter EPS but have no impact on fourth-quarter and full year 2013 earnings. Details were not disclosed. Causata's technology tracks Internet activity in a way that can enhance customer relationship building at, for example, call centers, according to the company's web site. ... Full Story | Top |
| Springer bids for Scout24 in new digital push: sources Wednesday, Aug 07, 2013 05:54 AM PDT  By Harro Ten Wolde and Arno Schuetze FRANKFURT (Reuters) - Axel Springer has made an offer for Deutsche Telekom's online classified advertising business Scout24, sources said, in another push into digital media that helped the German publisher beat earnings forecasts. Springer, which publishes Germany's top-selling daily "Bild", has teamed up with private equity firm General Atlantic to bid for Scout24, two people familiar with the transaction said. ... Full Story | Top |
| Fox reports higher revenue, profit on rise in cable Wednesday, Aug 07, 2013 04:10 AM PDT  By Jennifer Saba (Reuters) - Rupert Murdoch's newly separated 21st Century Fox reported higher revenue and profit because of growth at its cable operations including Fox News and its regional sports networks. Investors had been waiting for years for Murdoch to split News Corp, giving its cable, movie and equity stakes in pay-TV assets their own spotlight away from the publishing division. ... Full Story | Top |
| Amazon's Bezos pays hefty price for Washington Post Wednesday, Aug 07, 2013 04:02 AM PDT  By Jennifer Saba (Reuters) - Jeff Bezos has just shown how valuable one-of-a-kind newspaper properties can still be in the United States. The multibillionaire founder of online retailer Amazon.com Inc may have paid more than four times the price that the financial results of the Washington Post suggests it is worth. In Monday's deal, Bezos agreed to buy the Post and a handful of other newspaper assets from the Washington Post Co for $250 million. ... Full Story | Top |
|
No comments:
Post a Comment