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| Mobile broadband demand pushes Ericsson Brazil plant to capacity Friday, Apr 26, 2013 05:43 PM PDT  By Sérgio Spagnuolo RIO DE JANEIRO (Reuters) - Strong demand for mobile broadband equipment in Latin America will keep Ericsson's plant in Brazil at full capacity this year, says a senior executive at the telecom equipment manufacturer. Mobile phone operators in Brazil are scrambling to improve their networks after heavy scrutiny from regulators because of poor service and a lack of investment in mobile infrastructure in recent years. The problems came despite a ballooning client base in Latin America's biggest economy. ... Full Story | Top |
| Vodafone investors want bigger bid or full takeover by Verizon Friday, Apr 26, 2013 05:02 PM PDT  By Sinead Cruise and Chris Vellacott LONDON (Reuters) - Six major Vodafone investors said $100 billion was not enough for the British company's stake in its U.S. joint venture with Verizon Communications, and urged the latter to come up with an offer of at least $120 billion. Their comments followed a Reuters report on Wednesday that Verizon had hired advisers to prepare a possible $100 billion bid to buy Vodafone's 45 percent stake in their Verizon Wireless joint venture, likely to be structured as a roughly 50:50 cash and stock bid. ... Full Story | Top |
| Activision CEO Kotick among top-paid CEOs in U.S. Friday, Apr 26, 2013 04:44 PM PDT  (Reuters) - Videogame publisher Activision Blizzard Inc's Chief Executive Robert Kotick received a total compensation of $64.9 million last year, making him one of the top paid CEOs in the United States. Kotick's 2012 total compensation includes about $56 million in stock awards, while there were no stock awards for 2011. His base salary doubled to $2 million, according to regulatory filings on Friday. (http://r.reuters.com/bew67t) Kotick, 50, also a board member of Coca-Cola Co, was paid $8.33 million in 2011 by Santa Monica-based Activision. ... Full Story | Top |
| LivingSocial cyber attack affects millions of customers Friday, Apr 26, 2013 04:06 PM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - LivingSocial, the second-largest daily deal company behind Groupon Inc, said on Friday it was hit by a cyber attack that may have affected more than 50 million customers. The company said the attack on its computer systems resulted in unauthorized access to customer data, including names, email addresses, date of birth for some users and "encrypted" passwords. LivingSocial stressed customer credit card and merchants' financial and banking information were not affected or accessed. It also does not store passwords in plain text. ... Full Story | Top |
| Clearwire investor Aurelius sues Clearwire directors and Sprint Friday, Apr 26, 2013 03:05 PM PDT  (Reuters) - Aurelius Capital, a big shareholder in U.S. wireless service provider Clearwire Corp, filed a lawsuit against Clearwire directors and Sprint Nextel Corp over Sprint's December agreement to buy out the portion of Clearwire it does not already own. Aurelius, which says it owns 17 million Clearwire shares, said Sprint, as Clearwire's majority shareholder, had dictated "manifestly unfair" terms for its Clearwire deal, in a filing at the Court of Chancery of the State of Delaware on Friday. ... Full Story | Top |
| France's Hollande to ease entrepreneurs' capital gains tax Friday, Apr 26, 2013 11:57 AM PDT  PARIS (Reuters) - President Francois Hollande will propose next week easing entrepreneurs' capital gains tax, an official in his office told French media on Friday, as the Socialist leader struggles to win the confidence of business owners. Hollande's government had planned last year to raise capital gains tax on business owners early in its mandate, but backed down after a high-profile revolt and warnings the move would drive start-up companies abroad. ... Full Story | Top |
| Growth concerns dog Amazon as it shores up digital beachhead Friday, Apr 26, 2013 11:36 AM PDT  By Alistair Barr and Ben Berkowitz SAN FRANCISCO/NEW YORK (Reuters) - Amazon.com Inc's stock sank 6 percent on Friday as a poor financial outlook revived concerns about whether the company can sustain its torrid pace of expansion while profitability improves. The world's largest Internet retailer on Thursday reported its highest gross profit margins in a decade as years of spending on high-margin businesses, from digital media to cloud services, began to pay off. ... Full Story | Top |
| Microsoft gets upper hand in first Google patent trial Friday, Apr 26, 2013 09:48 AM PDT  SEATTLE (Reuters) - Microsoft Corp came out on top in the first of two patent trials versus Google Inc's Motorola Mobility unit on Thursday, as a federal judge in Seattle ruled largely in its favor. U.S. District Judge James Robart in Seattle said Microsoft owed only a fraction of the royalties Motorola had claimed for use of its technology in Microsoft's Xbox console. Motorola had sought as much as $4 billion a year for use of its so-called standard, essential wireless and video patents, while Microsoft argued its rival deserved about $1 million a year. ... Full Story | Top |
| From hackers to security experts, the Balkan IT sector is booming Friday, Apr 26, 2013 06:37 AM PDT By Radu Marinas and Tsvetelia Tsolova BUCHAREST/SOFIA (Reuters) - After hacking the Pentagon, NASA and Britain's Royal Navy for fun, TinKode got a real job as a computer security expert for a Romanian cyber safety consultancy. TinKode was the name used by Romanian Razvan Cernaianu when he revealed security holes in government and corporate systems across the world, earning him a two-year suspended prison sentence. "I was really passionate about carrying out what I call security audits," Cernaianu told Reuters "It's a hobby, so I did it for free. ... Full Story | Top |
| Amazon to open shipping centre in Czech Republic: report Friday, Apr 26, 2013 06:25 AM PDT PRAGUE (Reuters) - Amazon.com Inc plans to build a 100,000-sqm logistics center in the Czech Republic, daily E15 reported, citing several unnamed sources familiar with the company's plans. It said the U.S. online seller picked the Czech Republic over neighboring Poland. The shipping site should create at least 1,000 new jobs in the central European country and Amazon had plans to launch its operation by the autumn, the paper also said. Amazon was not immediately available to comment. (Reporting by Jana Mlcochova; editing by Keiron Henderson) Full Story | Top |
| Zain feels the heat in frontier market South Sudan Friday, Apr 26, 2013 04:09 AM PDT By Matt Smith and Hereward Holland DUBAI/JUBA (Reuters) - Mobile phone group Zain knew it was facing a challenge when it set out to build up its network in Africa's newest frontier market - the vast, strife-torn expanses of South Sudan. (http://reut.rs/Y1jy7a) And a challenge is what it got, in the form of months of headaches, including a government order to dismiss workers and temporarily shut down part of its network over fears the country's old foe Sudan could listen in to calls. ... Full Story | Top |
| Samsung Electronics profit jumps ahead of Galaxy S4 debut Friday, Apr 26, 2013 03:33 AM PDT  SEOUL (Reuters) - Samsung Electronics Co Ltd reported on Friday its sixth straight quarter of profit growth ahead of the debut of its latest Galaxy smartphone, the South Korean IT giant's biggest assault on rival Apple Inc yet. By launching the Galaxy S4 in the United States on Saturday, Samsung is taking aim at Apple's home market at a time when the iPhone maker appears to have hit a snag. Earlier this week, Apple reported its first profit decline in more than a decade and indicated no major product releases until the fall. ... Full Story | Top |
| Amazon growth slows, while profit margins expand Friday, Apr 26, 2013 01:42 AM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue growth slowed in the first quarter as the world's largest Internet retail struggled overseas, but margins jumped on lower shipping expenses and the expansion of more profitable new businesses. Amazon shares fell 1.9 percent to $269.43 in after-hours trading on Thursday following the results. "The message there is North America was better than expected but international was softer. The question is ... ... Full Story | Top |
| Samsung takes more smartphone market share from Apple Thursday, Apr 25, 2013 11:10 PM PDT  (Reuters) - Samsung Electronics Co Ltd grabbed more smartphone market share from archrival Apple Inc in the latest quarter, with sales of its phones jumping to account for one third of the global market. Sales of the iPhone 5 helped Apple's volumes grow 6.6 percent to 37.4 million phones in the quarter from a year earlier, but that was not enough to stop its share of the market dropping to 17.3 percent from 23 percent, research firm IDC said. A flood of cheaper Android-powered devices from the South Korean maker lifted its shipments about 60 percent to 70.7 million, giving it a 32. ... Full Story | Top |
| Baidu foresees rising costs as competition heats up Thursday, Apr 25, 2013 10:53 PM PDT  By Melanie Lee (Reuters) - Baidu Inc, China's largest search engine, will increase marketing expenditures for the rest of the year to counter competition from rival Qihoo 360 Technology, which may further put the brakes on profit growth. Baidu posted on Friday its slowest quarterly profit growth since end-September 2008, citing a rise in traffic acquisition costs, or what a search engine pays to partner websites and software applications to show its search box or results. Traffic acquisition costs for the quarter were equivalent to about 10.2 percent of total revenue, up from 7. ... Full Story | Top |
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