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| Google CEO met with FTC officials: Bloomberg Tuesday, Nov 27, 2012 04:33 PM PST SAN FRANCISCO (Reuters) - Google Inc Chief Executive Larry Page met with officials from the U.S. Federal Trade Commission in Washington on Tuesday, as the agency moves closer to completing an investigation of the Internet company's business practices, according to Bloomberg news, which cited an anonymous source. Google Executive Chairman Eric Schmidt and the head of Google's Washington office were spotted on Capitol Hill, according to the report. ... Full Story | Top |
| FTC patent ruling might hint at how it will treat Google case Tuesday, Nov 27, 2012 04:33 PM PST  WASHINGTON (Reuters) - Federal regulators investigating Google for a range of accusations of antitrust violations took a stand this week on how to handle a type of patent similar to ones in the Google case, but also exposed a rift between regulators on how to proceed. The disagreement focuses on whether the Federal Trade Commission can use its power to enforce rules against unfair competition in pursuing companies which ask for sales injunctions against rivals because of allegations that their so-called standard essential patents (SEP) have been infringed. ... Full Story | Top |
| AMD plans to sell Texas campus to raise cash Tuesday, Nov 27, 2012 03:57 PM PST SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc plans to sell and lease back its campus in Austin, Texas, to raise cash and fund its chipmaking business as it diversifies beyond the struggling PC industry into new markets. AMD expects to sell the 58-acre site for between $150 million and $200 million and close a deal in the second quarter, company spokesman Drew Prairie told Reuters on Tuesday. The chipmaker's move to sell its campus, reported earlier by the Austin American-Statesman, comes as the company and its larger rival Intel Corp struggle with slowing personal computer sales. ... Full Story | Top |
| Microsoft sold 40 million Windows 8 licenses in month: exec Tuesday, Nov 27, 2012 03:27 PM PST  SEATTLE (Reuters) - Microsoft Corp has sold 40 million Windows 8 licenses in the month since the launch, according to one of the new co-heads of the Windows unit, setting a faster pace than Windows 7 three years ago. The sales number represents a solid but unspectacular start for the touch-friendly operating system designed to combat Apple Inc's and Google Inc's domination of mobile computing, which has shunted aside PCs in favor of iPads and smartphones. ... Full Story | Top |
| Cyber Monday sales best ever, for Amazon's Kindle too Tuesday, Nov 27, 2012 03:24 PM PST  (Reuters) - Internet sales jumped more than 30 percent on Cyber Monday, making it the biggest online shopping day ever, according to data released on Tuesday. Walmart.com, the online division of Walmart U.S., had its best sales day in history, a spokeswoman said. Cyber Monday also was a record day for sales of Amazon.com Inc's Kindle devices, the online retailer said, without specifying the number sold. Still, eBay Inc, operator of one of the largest online marketplaces, outperformed its arch rival Amazon. ... Full Story | Top |
| Exclusive: Banks offer to help Sony offload battery unit - sources Tuesday, Nov 27, 2012 01:08 PM PST  TOKYO (Reuters) - Sony Corp has been approached by at least three investment banks offering to sell its battery business as the struggling Japanese group looks to offload non-core assets and focus on reviving its consumer electronics business, banking sources said. Selling the unit, which employs 2,700 people and had sales last year of $1.74 billion, would help Sony cut costs and generate cash as it restructures its operations, three people involved in the preliminary discussions told Reuters. ... Full Story | Top |
| Apple has top U.S. smartphone, passes Google: research firm Tuesday, Nov 27, 2012 12:12 PM PST  HELSINKI (Reuters) - Early success for the iPhone 5 smartphone has helped Apple to overtake Google's Android software in the United States, research firm Kantar WorldPanel said on Tuesday. Apple's U.S. share of smartphone sales in the 12 weeks to October 31 more than doubled from a year ago to 48.1 percent, putting it within reach of the record 49.3 percent it managed in early 2012. Android's share dropped to 46.7 percent from 63.3 percent, Kantar WorldPanel's data showed, but it continues to dominate in key European markets. ... Full Story | Top |
| HP rebuffs ex-Autonomy CEO, warns of legal action Tuesday, Nov 27, 2012 11:47 AM PST  SAN FRANCISCO (Reuters) - Hewlett Packard Co rebuffed a request by former Autonomy Chief Executive Mike Lynch to detail accusations of accounting fraud leveled against the British software company and its former executives, and challenged Lynch to submit to questions under penalty of perjury. HP was responding to an open letter that Lynch shot to HP's board on Tuesday, asking for specifics of the U.S. company's allegations that Lynch and former Autonomy executives inflated revenue and gross margins, which HP said last week forced it to take an $8.8 billion writedown on Autonomy's value. ... Full Story | Top |
| Bitter struggle over Internet regulation to dominate global summit Tuesday, Nov 27, 2012 11:41 AM PST  SAN FRANCISCO (Reuters) - An unprecedented debate over how the global Internet is governed is set to dominate a meeting of officials in Dubai next week, with many countries pushing to give a United Nations body broad regulatory powers even as the United States and others contend such a move could mean the end of the open Internet. ... Full Story | Top |
| WikiLeaks' Assange blames U.S. right for funding block Tuesday, Nov 27, 2012 10:37 AM PST  LONDON/BRUSSELS (Reuters) - WikiLeaks founder Julian Assange accused "hard-right" U.S. politicians on Tuesday of pressing European credit card firms to block more than $50 million of donations to the website that published thousands of secret U.S. diplomatic cables. Assange, speaking to reporters at the Ecuadorean embassy in London where he took refuge in June to avoid extradition to Sweden, said the credit card companies' action had forced WikiLeaks to reduce the volume of documents it posted online. ... Full Story | Top |
| Tech firms overtake banks in European office rentals Tuesday, Nov 27, 2012 09:49 AM PST LONDON (Reuters) - Triton Court, a century-old old art deco building on London's Finsbury Square, is a good example of how the financial crisis is transforming demand for commercial property in Europe. Its grand, arched entrance faces the City's financial heartland while a scruffy, narrow street runs along the back in a gritty area containing technology firms such as Google and Mind Candy, creator of online game Moshi Monsters. Resolution Property paid 43 million pounds ($69 million) for the empty block in June. ... Full Story | Top |
| Kim Kardashian tops list of Bing searches Tuesday, Nov 27, 2012 09:46 AM PST  NEW YORK (Reuters) - Kim Kardashian topped the 2012 list of the most-searched person on Bing, the Web search engine said on Tuesday, with Canadian teen pop star Justin Bieber coming in second. Kardashian, the reality television personality from "Keeping Up With The Kardashians," grabbed the No. 1 spot back from Bieber after she topped Bing's annual list in 2010 and Bieber came in first last year. ... Full Story | Top |
| Former Autonomy CEO seeks details from HP board on accounting allegations Tuesday, Nov 27, 2012 09:34 AM PST  SAN FRANCISCO (Reuters) - Former Autonomy Chief Executive Mike Lynch asked Hewlett-Packard Co's board of directors for specific details about the accounting allegations which led the company to take an $8.8 billion write-down last week. In an open letter to HP's board on Tuesday, Lynch also asked for the interim report and other documents that HP provided to the SEC. (Reporting By Alexei Oreskovic) Full Story | Top |
| Autonomy's Lynch again rejects HP allegations Tuesday, Nov 27, 2012 09:27 AM PST LONDON (Reuters) - Mike Lynch, the former head of software firm Autonomy, has written an open letter to Hewlett Packard renewing his rejection of a charge of accounting impropriety leveled at his management team by the U.S. company. HP bought Autonomy last year for $11.1 billion but shocked investors last week with an 8.8 billion write-down of the acquisition, much of which it attributed to the alleged accounting irregularities. The letter, a copy of which was seen by Reuters, was dated November 27. (Reporting by Andrew Callus; Editing by Alex Smith) Full Story | Top |
| Analysis: Europe's telcos in slow lane as cable takes the tape Tuesday, Nov 27, 2012 06:05 AM PST PARIS/LONDON (Reuters) - Far from fearing the coming investment from Europe's telecom giants into superfast broadband, smaller cable firms believe they will still beat the big guns to the trigger. Cable operators Liberty Global, Ziggo, Kabel Deutschland and Virgin Media have already stolen a march on their less nimble rivals, winning customers and investors with their expansion into broadband. Their cable lines, designed to deliver TV to homes, have been upgraded to carry voice calls and Internet at speeds often five times faster than competing services from the telcos. ... Full Story | Top |
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