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| HP sells webOS operating system to LG Electronics Monday, Feb 25, 2013 04:24 PM PST  SAN FRANCISCO (Reuters) - Hewlett-Packard Co said on Monday it will sell the webOS operating system to South Korea's LG Electronics Inc, unloading the smartphone software it acquired through a $1.2 billion acquisition of Palm in 2010. LG will use the operating software, used in now-defunct Palm smartphones years ago, for its "smart" or Internet-connected TVs. The Asian electronics company had worked with HP on WebOS before offering to buy it outright. ... Full Story | Top |
| Intel takes big step in chip foundry business Monday, Feb 25, 2013 03:53 PM PST  SAN FRANCISCO (Reuters) - Intel Corp has agreed to make chips on behalf of Altera, a significant step toward opening its prized manufacturing technology to customers on a larger scale, potentially including Apple. Sharing its manufacturing plants, or fabs, to strategic customers could help the world's top chipmaker offset the growing costs of developing new technology and help keep the plants running near capacity as Intel's traditional PC business loses steam. ... Full Story | Top |
| Union pension adviser says will oppose two HP directors Monday, Feb 25, 2013 03:24 PM PST  (Reuters) - A union pension adviser said it will oppose two Hewlett-Packard Co directors and the company's auditor over governance issues, after HP leaders assuaged few of their concerns at a meeting on Monday. The declaration by pension adviser CtW Investment Group sets up a potentially distracting battle in the weeks before the California computer maker's annual shareholder meeting on March 20. Despite a good run lately HP stock has been held back by a string of troubled acquisitions. ... Full Story | Top |
| Chinese smartphone makers Huawei, ZTE target top tier Monday, Feb 25, 2013 12:12 PM PST  BARCELONA (Reuters) - China's Huawei, little known to consumers just a couple of years ago, is now leading the pack of smartphone makers chasing Apple and Samsung, with ZTE, another Chinese company, snapping at its heels. Huawei, which sold 32 million smartphones in 2012, up 60 percent on 2011, unveiled its new flagship Ascend P2 smartphone in Barcelona, boasting a connection speed of 150 MB per second, the fastest on the market. The company was third in smartphone sales in the final quarter of 2012, according to research firm IDC, with ZTE in fifth place and Sony sandwiched in between. ... Full Story | Top |
| Vodafone says can invest in Europe without Verizon sale Monday, Feb 25, 2013 10:26 AM PST  BARCELONA (Reuters) - British mobile operator Vodafone said it did not need to sell part of its stake in its highly profitable Verizon Wireless joint venture in the United States to bolster its business in Europe. Chief executive Vittorio Colao told reporters on Monday Vodafone had a healthy balance sheet and could invest when it needed to, adding it could step up its range of services without having to make acquisitions. ... Full Story | Top |
| Nokia Siemens Networks aims for No.2 slot in U.S. market Monday, Feb 25, 2013 10:20 AM PST  BARCELONA (Reuters) - Nokia-Siemens Networks is mounting an expansion drive in North America where the world's third-largest telecom equipment maker believes a spate of deal-making among mobile carriers will play out in its favor. Chief Executive Rajeev Suri said deals by Japan's Softbank to buy 70 percent of Sprint Nextel Corp for $20 billion, and Deutsche Telekom's purchase of MetroPCS was an opportunity for NSN to grab new U.S. business. "It's a long game. ... Full Story | Top |
| Music service Spotify hooks up with Ford in first vehicle foray Monday, Feb 25, 2013 07:28 AM PST  (Reuters) - Streaming music service Spotify has partnered with Ford Motor Co to allow its subscribers to listen to music in more than one million Ford vehicles in North America. Owners of Ford models with SYNC AppLink can access Spotify's catalog of more than 20 million songs through voice activation using its smartphone app. The deal, announced by both companies on Monday, is Spotify's first collaboration with an automaker. ... Full Story | Top |
| Apple signals emerging-market rethink with India push Monday, Feb 25, 2013 05:17 AM PST  NEW DELHI/BANGALORE (Reuters) - As BlackBerry launches the first smartphone from its make-or-break BB10 line in India, one of its most loyal markets, the company faces new competition from a formidable rival that has long had a minimal presence in the country. More than four years after it started selling iPhones in India, Apple Inc is now aggressively pushing the device through installment payment plans that make it more affordable, a new distribution model and heavy marketing blitz. ... Full Story | Top |
| Nokia strengthens basic range with 15 euro phone Monday, Feb 25, 2013 04:52 AM PST  BARCELONA (Reuters) - Nokia launched a 15-euro ($20) phone to shore up its position in the basic handset market, where it has lost share while it focused on developing expensive smartphones. It also unveiled a 65-euro phone with some Internet access and lower-priced versions of its Lumia smartphones, filling the gaps in its product line-up between its high-end Lumia devices that run Microsoft software and mid-tier Asha feature phones. ... Full Story | Top |
| Workday competitor SilkRoad selects banks for IPO: sources Monday, Feb 25, 2013 04:30 AM PST  (Reuters) - Human resources software company SilkRoad has selected JPMorgan Chase & Co and Piper Jaffray Cos to lead an initial public offering later this year, according to two sources with knowledge of the matter. The Chicago-based company is hoping to piggy-back on the IPO of peer Workday Inc , which raised $637 million in October. Shares of Workday, which priced its offering at $28 per share, have nearly doubled since then to close Friday at $55.25. JPMorgan declined to comment. SilkRoad and Piper Jaffray could not be reached for comment. ... Full Story | Top |
| BlackBerry launches first BB10 device in India at $800 Sunday, Feb 24, 2013 11:52 PM PST  MUMBAI (Reuters) - BlackBerry launched its first smartphone from its BlackBerry 10 line in India on Monday, pricing the phone at 43,490 rupees ($800). The touch-screen BlackBerry Z10 phone, which goes on sale in India from Tuesday, will compete with Apple Inc's iPhones and Samsung Electronics Co Ltd's high-end Galaxy series phones. The Z10 has already gone on sale in the United Kingdom and Canada, and is expected to hit the United States in mid-March. (Reporting by Aradhana Aravindan; Editing by Devidutta Tripathy) Full Story | Top |
| Wirecard, Vodafone form mobile payment partnership Sunday, Feb 24, 2013 10:52 PM PST  FRANKFURT (Reuters) - German payment systems provider Wirecard said on Monday it had been chosen by Vodafone to introduce the British mobile operator's mobile payment system. The Vodafone payment service will be rolled out internationally from this year, Wirecard said in a statement. (Reporting by Christoph Steitz) Full Story | Top |
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