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| Isis eyes nationwide mobile payments launch this year Tuesday, Jul 30, 2013 07:02 PM PDT NEW YORK (Reuters) - Isis, a venture of three of the top U.S. mobile providers, said on Tuesday it would expand its much-delayed mobile payments service nationwide later in 2013 after it tested the concept with consumers in two markets. Isis, formed by Verizon Wireless, AT&T Inc and T-Mobile US, is a so-called mobile wallet service that allows consumers to make payments by waving their phone at a check-out terminal, instead of using a plastic card. ... Full Story | Top |
| Ex-workers sue Apple, seek overtime for daily bag searches Tuesday, Jul 30, 2013 06:52 PM PDT  SAN FRANCISCO (Reuters) - Two former Apple Inc employees have accused the iPhone maker in a lawsuit of subjecting hourly store workers to daily searches while they were off-the-clock, arguing they should be compensated. The "screenings" or bag searches, designed to discourage theft, are conducted every time sales reps leave the store, including for meal breaks, the plaintiffs alleged in a lawsuit filed July 25 in a San Francisco federal court. They are seeking unpaid wages, overtime compensation and other penalties related to what they say is a customary practice across Apple's U.S. showrooms. ... Full Story | Top |
| Facebook stock almost hits IPO price, 14 months after rocky debut Tuesday, Jul 30, 2013 04:22 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's stock on Tuesday came within a hair of reclaiming its $38 debut price for the first time since going public in 2012, a milestone in the social networking company's effort to wipe away Wall Street's skepticism of its business. The stock has surged more than 40 percent in the past week after the company reported blowout quarterly results that showed Facebook's progress building a mobile advertising business. Shares of Facebook climbed as much as 7 percent to $37. ... Full Story | Top |
| Microsoft losing money on Surface tablets Tuesday, Jul 30, 2013 04:04 PM PDT  SEATTLE (Reuters) - Microsoft Corp's Surface tablets have yet to make any profit as sputtering sales have been eclipsed by advertising costs and an accounting charge, according to the software company's annual report. The two tablet models, introduced in October and February to challenge Apple Inc's popular iPad, have so far brought in revenue of $853 million, Microsoft revealed for the first time in its annual report filed with regulators on Tuesday. ... Full Story | Top |
| MIT review cites missed chances before death of Net activist Tuesday, Jul 30, 2013 03:48 PM PDT  By Ross Kerber BOSTON (Reuters) - Reviewers at the Massachusetts Institute of Technology said on Tuesday the school could have taken steps that would have reduced pressure on Internet activist Aaron Swartz such as taking a public stand against his controversial prosecution. Swartz, 26, killed himself in January, two years after he was arrested and later charged by the U.S. Justice Department for hacking into MIT's network to download millions of academic articles, potentially to make them freely available to the public. ... Full Story | Top |
| Japan's robots eye car industry to take up smartphone slack Tuesday, Jul 30, 2013 02:00 PM PDT  By Tim Kelly TOKYO (Reuters) - As the breakneck growth in the global smartphone market eases, the mostly Japanese companies that make the robots that build the phones are looking to automakers to take up the slack. Robotics remains a strength in a Japanese electronics industry that has been hammered by competition from rivals in South Korea and Taiwan. Panasonic Corp, Hitachi High-Technologies, Yamaha Motor Co, Fuji Machine Manufacturing and JUKI Corp together make eight of every 10 component mounting robots. ... Full Story | Top |
| FCC nominee Wheeler clears Senate Commerce panel vote Tuesday, Jul 30, 2013 01:24 PM PDT  By Alina Selyukh WASHINGTON (Reuters) - Tom Wheeler, President Barack Obama's nominee to head the Federal Communications Commission, moved a step closer to confirmation on Tuesday after receiving the approval of the Senate Commerce Committee. Some Republicans on the panel wanted to delay the nomination of a new Democrat to chair the FCC until Obama also tapped a Republican commissioner to fill the last vacancy on the five-member agency, but the committee approved Wheeler by voice vote. ... Full Story | Top |
| EU regulator intensifies scrutiny of Google search results Tuesday, Jul 30, 2013 11:01 AM PDT  By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators sharpened their scrutiny of how Google ranks its web search results, asking rivals whether their lower rankings affected the number of visitors to their sites, a European Commission questionnaire showed. The two-page document seen by Reuters came after the EU competition authority demanded more concessions from the world's most popular search engine earlier this month to allay concerns that it blocks competitors in search results. ... Full Story | Top |
| 3D Systems profit miss, slowing margin growth weigh on shares Tuesday, Jul 30, 2013 09:34 AM PDT By Sruthi Ramakrishnan (Reuters) - 3D Systems Corp's quarterly profit miss and concerns over slowing growth in its gross margin pushed shares of the 3D printer maker down 11 percent in early trading. Analysts said 3D Systems may not be able to meet its full-year forecast due to the slowing growth in its high-margin printing materials business. Revenue from the high-margin print materials rose only 11.8 percent to $29.3 million in the quarter, compared with a 60 percent jump a year earlier. ... Full Story | Top |
| Sprint posts wider quarterly loss on steep costs Tuesday, Jul 30, 2013 08:32 AM PDT  By Sinead Carew NEW YORK (Reuters) - Sprint Corp , the No. 3 U.S. mobile service provider, posted a wider quarterly loss due to hefty costs from shutting down its older Nextel network and it warned that customer defections would continue to hurt it in coming quarters. Shares in Sprint, which recently sold 78 percent of its shares to Japan's SoftBank Corp , rose 1 percent on Tuesday morning as its revenue was better than expected. ... Full Story | Top |
| Time Warner Cable teases CBS with blackout; then retreats Tuesday, Jul 30, 2013 06:10 AM PDT  By Liana B. Baker (Reuters) - Time Warner Cable Inc has agreed to keep the CBS network on the air in New York and Los Angeles until the end of the week after it briefly blacked out CBS's stations in some areas on Tuesday when the two sides failed to reach an agreement. Negotiations between CBS and Time Warner Cable continued after midnight in New York, according to a spokeswoman for the cable operator. The companies agreed to an extension with CBS until Friday, August 2, at 5 p.m. EDT. ... Full Story | Top |
| Czech regulator sees more potential bidders in 4G auction Tuesday, Jul 30, 2013 05:59 AM PDT PRAGUE (Reuters) - The Czech telecoms regulator has had talks with potential bidders in an auction of mobile spectrum frequencies besides those that took part in an aborted sale in March, the office said on Tuesday. The Czech Telecommunications Office (CTU) expects to start a new auction of frequencies to build fourth-generation mobile networks, marketed as 4G LTE, by the middle of August. ... Full Story | Top |
| HTC warns of third-quarter revenue slide, turnaround prospects bleak Tuesday, Jul 30, 2013 04:36 AM PDT  By Michael Gold and Faith Hung TAIPEI (Reuters) - Taiwan's HTC Corp said third-quarter revenue could fall as much as 30 percent from the previous three months, far worse than expected and underscoring deepening troubles for a smartphone maker with little prospect of an immediate turnaround. A delayed launch for its much-hyped flagship phone, the HTC One, has only exacerbated inventory troubles and highlighted its lack of scale when compared to Samsung Electronics Co Ltd and Apple Inc at a time when the market for high-end phones is said to be approaching saturation. ... Full Story | Top |
| Corning revenue rises on Gorilla Glass sales Tuesday, Jul 30, 2013 04:35 AM PDT  (Reuters) - Gorilla Glass maker Corning Inc reported a 4 percent increase in quarterly revenue as demand rose for the scratch-resistant glass used in smartphones and tablets. Revenue rose to $1.98 billion from $1.91 billion. Net profit rose to $638 million, or 43 cents per share, in the second quarter from $474 million, or 31 cents per share, a year earlier. (Reporting By Lehar Maan in Bangalore; Editing by Joyjeet Das) Full Story | Top |
| SoftBank CEO says nothing decided on possible Alibaba IPO Tuesday, Jul 30, 2013 01:58 AM PDT  TOKYO (Reuters) - Softbank Corp CEO Masayoshi Son said on Tuesday no decision had been made regarding a possible initial public offering for Alibaba, China's and the world's largest Internet retailer which is 36.7 percent owned by the Japanese mobile carrier. "There is no firm plan for an Alibaba IPO and I will refrain from commenting," Son told a briefing on SoftBank's quarterly earnings. He had been asked about the impact on SoftBank of a planned Alibaba IPO in Hong Kong. ... Full Story | Top |
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