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| Groupon fires CEO, Mason admits "failure" in candid memo Thursday, Feb 28, 2013 06:08 PM PST  SAN FRANCISCO (Reuters) - Groupon Inc fired Andrew Mason as chief executive officer on Thursday, ousting a co-founder who captured headlines with his quirky style but failed to reverse a crumbling share price or stop a gradual erosion of its main daily deals business. The leader in Internet daily deals launched a search for a new leader to turn the company around, the same day its stock slid 24 percent after a dismal quarterly results report. ... Full Story | Top |
| Groupon's fired CEO Mason: the high and lowlights Thursday, Feb 28, 2013 06:06 PM PST SAN FRANCISCO (Reuters) - Andrew Mason signed off from the company he founded in his usual style: unconventional, colorful, full of humor and more than a little wacky. His letter to employees after being fired from Groupon Inc on Thursday became an instant hit on Twitter, garnering props for its self-deprecating style. But it should come as no surprise to anyone who knew of Mason's penchant for the weird and wacky. Here are a few of his famous public mentions: DOLLHOUSES Mason tells the New York Times he would talk "only if you want to talk about my other passion, building miniature ... Full Story | Top |
| Facebook buys Microsoft ad technology platform Thursday, Feb 28, 2013 02:39 PM PST  SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday it had agreed to buy advertising technology from Microsoft Corp that measures the effectiveness of ads on its website, which should help in its fight with Google Inc for online advertising revenue. Under the long-rumored transaction, Facebook will purchase the Atlas Advertiser Suite, an ad management and measurement platform that Microsoft took on with its $6.3 billion acquisition of digital ad agency aQuantive in 2007. Facebook did not say how much it paid for the technology. ... Full Story | Top |
| SandRidge quarterly loss narrows on improved production Thursday, Feb 28, 2013 02:27 PM PST  NEW YORK (Reuters) - SandRidge Energy Inc, the U.S. oil and gas company whose board and executives are under fire from activist investors, posted a narrower fourth-quarter loss on Thursday as it produced more oil and gas. The Oklahoma company reported a quarterly net loss of $301.8 million, or 63 cents per share, compared with a loss of $388.6 million, or 97 cents per share, in the year-earlier period. Excluding items, the company said it earned $35.3 million, or 6 cents a share. That beat analysts' average expectations for a break-even quarter, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
| Palo Alto Networks results beats Street, 3rd quarter goal in line Thursday, Feb 28, 2013 02:17 PM PST (Reuters) - Security software maker Palo Alto Networks reported second-quarter revenue and earnings per share that beat expectations amid strong demand for products that offer protection from cyberattacks. Revenue in its second quarter, that ended January 31, rose 70 percent to $96.5 million compared with a year earlier, the company said on Thursday. Non-GAAP earnings were $3.9 million, or 5 cents a share. Analysts had expected revenue of $93.3 million and earnings per share of 4 cents, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
| Salesforce's $835 million quarterly revenue tops forecasts Thursday, Feb 28, 2013 02:09 PM PST  (Reuters) - Salesforce.com Inc on Thursday reported better-than-expected quarterly sales of $835 million, backed by strong sales of its cloud-based services. Shares in Salesforce gained 4.5 percent after hours to $176.79, after closing up 1.4 percent at $169.22 on the New York Stock Exchange. The company, which provides sales and marketing software to companies like Coca-Cola and Ford Motor, has boasted one of the fastest rates of top-line growth in the technology industry, with its full-year revenue rising 35 percent from a year ago to $3.05 billion. ... Full Story | Top |
| Barnes & Noble Nook, e-book slump lead to big loss Thursday, Feb 28, 2013 01:27 PM PST  (Reuters) - Barnes & Noble Inc reported a net loss for the holiday quarter, hurt by a sharp decline in sales in its Nook device and e-books business, at a time that Chairman Leonard Riggio is trying to buy the company's profitable bookstore unit. The company said earlier this week that Riggio plans to make an offer for the main bookstore business, but not its Nook and e-book business and its college bookstores. Revenue at its Nook business, including e-books and devices, fell 25. ... Full Story | Top |
| Game on for chip makers as mobile devices seek competitive edge Thursday, Feb 28, 2013 12:10 PM PST  BARCELONA (Reuters) - Chip makers are battling fiercely to satisfy the appetite of lookalike smartphones and tablets trying to differentiate themselves by claiming supremacy in gaming graphics, previously the preserve of PCs and consoles. To try to steal a march on its rivals, Qualcomm has added a team of 35 developers to create games that test new processing chips to their maximum capacity and show app developers the brave new world they can conquer. ... Full Story | Top |
| Exclusive: EU may fine Microsoft over browsers by end-March - sources Thursday, Feb 28, 2013 11:58 AM PST  BRUSSELS (Reuters) - EU competition regulators plan to fine Microsoft Corp before the end of March in a case tied to the U.S. software giant's antitrust battle in Europe more than a decade ago, three people familiar with the matter said on Thursday. The European Commission had accused Microsoft in October last year of breaking a promise to offer European consumers a choice of rival browsers in the previous version of its Windows operating system. ... Full Story | Top |
| Chok! Chok! Chok! ad shakes up mobile marketing Thursday, Feb 28, 2013 11:45 AM PST  BARCELONA (Reuters) - A strange phenomenon hit Hong Kong in late 2011. As the clock hit 10 pm each night a Coca Cola ad aired on television, prompting thousands of viewers to grab their phones and start shaking them frantically to virtually "catch" the falling bottle caps on the screen and win instant prizes. Dubbed Chok! Chok! Chok! - meaning rapid motion in local slang - the interactive campaign by McCann Worldgroup became a hit, and sent viewers at home, in cinemas and in front of giant outdoor screens into a frenzy. (http://link.reuters. ... Full Story | Top |
| Leap shares fall on concerns about slow iPhone sales Thursday, Feb 28, 2013 11:43 AM PST  NEW YORK (Reuters) - Shares of Leap Wireless International Inc fell 3 percent on Thursday after the company said it may be able to sell only half the iPhones it has committed to buying from Apple Inc, potentially setting it back by $450 million over three years. Leap, a provider of wireless services to cost-conscious customers, did not sell as many iPhones as it had hoped in the fourth quarter. It said that overall customer additions were hurt by general softness in the prepaid sector and phone prices were higher than many consumers could pay. ... Full Story | Top |
| Small cells go large to help meet data demand Thursday, Feb 28, 2013 11:40 AM PST  BARCELONA (Reuters) - Small cell radio equipment that boosts network coverage is providing big opportunities for telecom operators as they face growing demand for smartphone Internet access in busy streets, shopping centers and stadiums. The devices - small radio nodes which provide network coverage over a range of between 10 and 200 meters - have been used by businesses and consumers to provide a signal in areas of poor coverage for years. ... Full Story | Top |
| Yahoo telecommute ban is much ado about nothing: Silicon Valley Thursday, Feb 28, 2013 10:25 AM PST  SAN FRANCISCO (Reuters) - Yahoo Chief Executive Marissa Mayer's decision to ban telecommuting sparked outrage around the country, but left many in Silicon Valley wondering what the fuss was all about. Working from home is common enough in the Valley, but that is in addition to - not instead of - the 40-plus hours spent working in the office. Despite the area's image as a freewheeling space that makes much of the technology that allows people to work remotely, Bay Area workers tend to head into the office, especially at start-ups. ... Full Story | Top |
| Micron says moves closer to Elpida deal Thursday, Feb 28, 2013 09:03 AM PST  SAN FRANCISCO (Reuters) - Memory chipmaker Micron said the Tokyo district court issued an order approving its acquisition of Japanese memory chipmaker Elpida after creditors agreed to the plan. Boise, Idaho-based Micron, which is losing money due to a crumbling PC industry, wants to create larger economies of scale and offered in July to buy Elpida for about $750 million in cash and to pay creditors a total of $1.75 billion in annual installments through 2019. Elpida's creditors voted to approve the deal on Tuesday, Micron said. ... Full Story | Top |
| UK kids turn to Google instead of grandparents for advice Thursday, Feb 28, 2013 08:47 AM PST  LONDON (Reuters) - British grandparents are in danger of being overlooked for advice by their grandchildren, who are more accustomed to searching for answers on the internet, a survey showed on Thursday. Almost nine out of every 10 UK grandparents claimed their grandchildren failed to ask them for advice for simple tasks, instead turning to online channels such as Google, YouTube and Wikipedia for information. ... Full Story | Top |
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