| | |
| Lenovo says in initial talks on smartphone venture Monday, Jun 03, 2013 07:32 PM PDT  HONG KONG (Reuters) - China's Lenovo Group Ltd, the world's No.2 PC maker by shipments, said on Tuesday it was in preliminary talks with an unidentified party on a potential smartphone business joint venture. It gave no further details. Japanese media have reported that Lenovo, just shy of overtaking Hewlett-Packard Co as the top global PC maker, would set up a joint venture with Japan's NEC Corp to focus on smartphone manufacturing and distribution. ... Full Story | Top |
| Panasonic to expand home appliance output if yen drops to 105 vs dollar Monday, Jun 03, 2013 06:04 PM PDT  TOKYO (Reuters) - Japan's Panasonic Corp said it will boost domestic production of washing machines and other appliances to half of its overall output from about a third should the yen weaken to 105 to the dollar, reversing a strategy of shifting production offshore. At 105 yen or lower it will cost less for Panasonic to build appliances it sells in Japan rather than importing them from factories abroad, Kazunori Takami, the head of the appliance business, said at a press briefing in Osaka. ... Full Story | Top |
| Zynga slashes work force by a fifth, shares dive Monday, Jun 03, 2013 03:58 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - Zynga Inc announced on Monday its biggest ever round of layoffs and warned of weak bookings for the current quarter, raising doubts about the social game developer's attempt at a recovery. Zynga said it will cut about 520 jobs, or roughly one-fifth of its work force, and close some offices in the United States. Analysts said the latest warning on quarterly bookings, a measure of sales, boded poorly for the "FarmVille" developer, which began trimming staff late last year. ... Full Story | Top |
| Twitter back online after brief outage Monday, Jun 03, 2013 02:48 PM PDT  SAN FRANCISCO (Reuters) - Twitter was down for about a half-hour for an unknown number of users on Monday after a glitch during a "routine change." The microblogging service said in a short post that it had rolled back the changes, fixing the issues though some users experienced delays in getting updated tweets. Earlier on Monday, users trying to click on trending topics and other posts received an error message that began with "something is technically wrong." "Due to an error in a routine change, Twitter was not available from 1:08pm PDT to 1:33pm PDT. ... Full Story | Top |
| In e-books trial, U.S. says Apple conspired with publishers Monday, Jun 03, 2013 02:25 PM PDT  By Nate Raymond NEW YORK (Reuters) - Apple Inc conspired with publishers to raise the price of e-books in a scheme costing consumers "hundreds of millions of dollars," a U.S. government lawyer said on Monday. A three-week trial got under way before a federal judge in New York in a case pitting the Justice Department against the popular iPad and iPhone maker that could shine a light on the secretive Silicon Valley giant's business practices. ... Full Story | Top |
| Primark ties up with ASOS for foray into online sales Monday, Jun 03, 2013 12:43 PM PDT  (Reuters) - Britain's Primark has tied up with online fashion merchant ASOS to sell clothes over the Internet, as the discount apparel chain tries Web-based retailing for the first time. Owned by conglomerate Associated British Foods, Primark has bucked the retail gloom thanks to its focus on low prices at a time when many retailers find the going tough as consumers fret over job security and a squeeze on incomes. The chain has 257 brick-and-mortar stores across eight countries including Britain, Ireland and Spain, but currently no online retailing presence. ... Full Story | Top |
| New rule lets Canadians cancel wireless contracts after two years Monday, Jun 03, 2013 12:21 PM PDT By Randall Palmer OTTAWA (Reuters) - Canadians will be able to cancel their cellphone contracts after two years without penalty, instead of the three years that is the industry standard now, under a mandatory wireless code announced by the country's telecom watchdog on Monday. Critics have long held that Canada's three providers that have almost the entire market, BCE Inc, Rogers Communications Inc and Telus Corp, impose customer contracts that are too stringent. ... Full Story | Top |
| Fidelity Contrafund cut Apple stake by 9 percent in April Monday, Jun 03, 2013 11:49 AM PDT  BOSTON (Reuters) - Fidelity Investments' Contrafund, the largest active shareholder in Apple Inc, cut its stake in the iPad and iPhone maker by a further 9 percent in April after expressing concern about heightened competition from rivals. Contrafund, run by portfolio manager Will Danoff, owned 9.2 million shares of Apple at the end of April, according to the latest monthly update by Boston-based Fidelity. It owned 10.1 million Apple shares at the end of March after Danoff cut his stake by 12 percent during the first quarter. Contrafund is still the largest active shareholder in Apple. ... Full Story | Top |
| Apple signs deal with Warner for streaming music: reports Monday, Jun 03, 2013 11:34 AM PDT  SAN FRANCISCO (Reuters) - Apple Inc has signed an agreement with Warner Music Group for music licenses in a push to create a streaming music service to unveil at a conference of its developers next week, the New York Times and Wall Street Journal reported on Monday, citing anonymous sources. The iPhone maker has been considering a music-streaming service to complement iTunes, the largest repository of music for sale, for the past year, but progress has been slow in hashing out deals with music companies, sources told Reuters earlier. ... Full Story | Top |
| New apps give users a world of languages in their pocket Monday, Jun 03, 2013 07:42 AM PDT  By Natasha Baker TORONTO (Reuters) - New apps are aiming to make traveling in a foreign country easier by putting translation tools in tourists' pockets, makers of the devices said on Monday. A set of free apps for iOS devices from the language learning company Rosetta Stone give users short exercises so they can learn the basics of another language and commonly used phrases in French, Spanish, German and Italian. The exercises in the Rosetta Stone Navigator apps use speech recognition to test whether the user is repeating a word correctly. ... Full Story | Top |
| Justices agree to hear Lexmark false advertising case Monday, Jun 03, 2013 07:20 AM PDT  By Lawrence Hurley WASHINGTON (Reuters) - The Supreme Court on Monday agreed to hear printer manufacturer Lexmark International Inc's appeal of a long-running dispute with Static Control Components Inc over replacement toner cartridges. Lexmark asked the justices to review an appeals court ruling that said Static had standing to make false advertising claims against it. Static claims that Lexmark falsely advertised by advising customers that Static's chips infringed upon Lexmark's intellectual property. The two companies have been locked in litigation for over a decade. ... Full Story | Top |
| Vodafone hikes UK network investment for 4G services Monday, Jun 03, 2013 07:19 AM PDT  LONDON (Reuters) - Vodafone is to increase spending on its British network by 50 percent this year to more than 900 million pounds in readiness for the launch of 4G services, it said on Monday. The company has already outbid its rivals in buying airwaves for superfast mobile broadband, spending some 802 million pounds in the regulator Ofcom's auction of radio spectrum in February. Operators in Britain, and the rest of Europe, are making a big bet on faster networks in the hope that increased data consumption will boost falling revenues. ... Full Story | Top |
| Vodafone Qatar Q4 loss narrows as subscriber base grows Monday, Jun 03, 2013 07:19 AM PDT By Matt Smith DUBAI (Reuters) - Vodafone Qatar, an affiliate of Britain's Vodafone Group, reported a smaller-than-expected fourth-quarter loss on Monday as its subscriber base rose by nearly a third and revenue increased. Vodafone, which ended Ooredoo's (Qatar Telecom) domestic monopoly in 2009, made a fourth-quarter net loss of 73.9 million riyals in the three months to March 31, according to Reuters calculations. That compares with a loss of 126.5 million riyals in the year-earlier period. The operator's financial year starts on April 1. ... Full Story | Top |
| Saudi Mobily in talks to buy stake in fixed line firm Atheeb Monday, Jun 03, 2013 05:56 AM PDT By Matt Smith DUBAI (Reuters) - Saudi Arabia's No.2 mobile company Etihad Etisalat (Mobily) is in talks to buy a stake in loss-making fixed-line operator Etihad Atheeb , according to a statement on the kingdom's bourse. The two firms have entered non-binding talks for a Mobily subsidiary to buy a stake in Atheeb, according to the statement, which sets a June 30 deadline to announce "relevant developments". This did not state what size stake Mobily was seeking or who the potential sellers are. Bahrain Telecommunications Co (Batelco) owns 15 percent of Atheeb, Atheeb Trading Company holds 16. ... Full Story | Top |
| Virtual mobile phone firms spy growth in Spain's recession Monday, Jun 03, 2013 04:23 AM PDT  By Clare Kane and Robert Hetz MADRID (Reuters) - Revenues may be declining and customers disappearing for phone companies in recession-hit Spain, but that has not stopped Jaime Bustillo from launching a new mobile operator in the depths of a downturn that has left 27 percent of the workforce unemployed. Bustillo, who used to work for Spain's second-biggest operator Vodafone, established Airis Mobile in May as an arm of low-cost technology firm Airis and hopes to attract 50,000 mobile customers in a year. ... Full Story | Top |
|
No comments:
Post a Comment