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| China's Alibaba bans customers from using Tencent's WeChat Wednesday, Jul 31, 2013 08:26 PM PDT  BEIJING (Reuters) - China's Alibaba Group, whose expected IPO could value the e-commerce company as high as $100 billion, has banned its customers from using Tencent Holdings' popular WeChat mobile messaging app to do business on Alibaba sites like Tmall and Taobao. Some merchants have been using WeChat to directly communicate with customers and encourage them to do business outside of Alibaba's transaction systems, Alibaba Group said in a statement. ... Full Story | Top |
| Apple CEO met China Mobile head, discussed cooperation Wednesday, Jul 31, 2013 07:23 PM PDT  By Paul Carsten and Lee Chyen Yee BEIJING/SINGAPORE (Reuters) - Apple Inc CEO Tim Cook on Tuesday met with the head of China Mobile Ltd, the world's largest mobile carrier by subscribers and the only Chinese carrier that doesn't offer iPhones and iPads. The meeting with China Mobile Chairman Xi Guohua in Beijing was to discuss matters of cooperation, the Chinese firm told Reuters in an emailed statement. It gave no further details. The talks could pave the way for a long-awaited deal for China Mobile to distribute Apple products on its vast network, benefiting both companies. ... Full Story | Top |
| Government requests for Twitter users' data on the rise Wednesday, Jul 31, 2013 07:16 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - Twitter is under increasing pressure from governments around the world to release user's private information, with requests rising 40 percent in the first six months of the year, the microblogging company said Wednesday in its semi-annual transparency report. The United States made three-quarters of the 1,157 data requests during the six-month period, according to the San Francisco-based company's report. (Report: https://transparency.twitter.com/) Governments usually want the emails or IP addresses tied to a Twitter account. ... Full Story | Top |
| Apple fixing bug that allows fake charging stations to hack iPhones Wednesday, Jul 31, 2013 06:51 PM PDT  By Jim Finkle LAS VEGAS (Reuters) - Apple Inc's next software update for its iPhones and iPads will fix a security flaw that allows hackers to engage in spying and cyber crimes when the victim connects the device to a fake charging station, the company said on Wednesday. Apple's devices are vulnerable to attacks until the company releases its iOS 7 software update, which is slated for this fall. ... Full Story | Top |
| Hacking expert says mobile firms moved fast to fix cyber bug Wednesday, Jul 31, 2013 05:26 PM PDT By Jim Finkle LAS VEGAS (Reuters) - A well-known security expert said mobile carriers have quickly protected customers from a security bug that he revealed 10 days ago and that he estimated had put more than 500 million phones at risk of cyber attacks. Karsten Nohl, chief scientist with Berlin's Security Research Labs, led a research team at the German firm that figured out a way to remotely gain control of and also clone some mobile SIM cards. ... Full Story | Top |
| Obamacare technology testing slated for September: official Wednesday, Jul 31, 2013 03:15 PM PDT  By David Morgan WASHINGTON (Reuters) - The Obama administration is preparing to subject the information technology backbone of the new state and federal healthcare exchanges to final "dress rehearsal" testing that could continue until just before the online marketplaces are slated to begin enrollment on October 1. ... Full Story | Top |
| As solar panels pile up, China takes axe to polysilicon producers Wednesday, Jul 31, 2013 02:07 PM PDT  By Charlie Zhu HONG KONG (Reuters) - Three quarters of China's solar-grade polysilicon producers face closure as Beijing looks to overhaul a bloated and inefficient industry, resulting in fewer but better companies to compete against Germany's Wacker Chemie AG and South Korea's OCI Co Ltd. ... Full Story | Top |
| Dell's buyout teeters as it rejects voting change Wednesday, Jul 31, 2013 01:28 PM PDT  By Greg Roumeliotis NEW YORK (Reuters) - Michael Dell's and Silver Lake's $24.4 billion bid to take Dell Inc private suffered a blow on Wednesday after the company's special committee rejected their request to change the voting rules in exchange for them offering $150 million more. Dell shares fell more than 4 percent to as low as $12.28, their lowest level since news of the takeover broke on January 14, highlighting uncertainty among shareholders about the deal's prospects. They closed down $1.6 percent at $12.66. ... Full Story | Top |
| Ex-NCAA athletes score court victory over EA video games Wednesday, Jul 31, 2013 12:32 PM PDT  By Jonathan Stempel (Reuters) - A divided U.S. federal appeals court rejected Electronic Arts Inc's effort to throw out a lawsuit by former collegiate athletes who accused the company of using their images in video games without permission. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said EA's use of the athletes' likenesses in its NCAA Football and NCAA Basketball games did not deserve protection as free expression under the First Amendment of the U.S. Constitution. ... Full Story | Top |
| Fidelity Contrafund sours on Apple, bolsters Tesla bet Wednesday, Jul 31, 2013 11:27 AM PDT BOSTON (Reuters) - Fidelity Contrafund manager Will Danoff cut his stake in Apple Inc 28 percent during the first half of the year, citing the iPhone maker's "slowing growth profile." The star stockpicker remained bullish on Google Inc and on Tesla Motors Inc's "disruptive technology and superior business model," according to his latest monthly commentary for investors. Danoff remains Apple's largest active shareholder, only passive index and exchange-traded funds have larger stakes. His Contrafund owned 8.3 million shares of Apple at the end of June valued at $3. ... Full Story | Top |
| Chinese hackers target remote conferencing gear: Dell researchers Wednesday, Jul 31, 2013 10:02 AM PDT By Joseph Menn SAN FRANCISCO (Reuters) - A Chinese hacking group tied to the breach of security company RSA two years ago has targeted a maker of audio-visual conference equipment in a likely attempt to tap into boardroom and other high-level remote meetings. Security researchers at Dell Inc's SecureWorks unit were able to monitor the computers used by the group to process communications from machines infected with stealthy software for stealing data, according to a paper they are releasing today. ... Full Story | Top |
| NBC Universal's fortune reversal lifts Comcast results Wednesday, Jul 31, 2013 09:56 AM PDT  By Liana B. Baker (Reuters) - Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 percent increase in operating cash flow at its NBC Universal unit. Its shares rose more than 6 percent in morning trading to $45.30 on the better-than-expected results. Analysts said Comcast's cable business outperformed in what is generally a seasonally weak quarter for the industry, when colleges close for the summer and people disconnect cable service ahead of a move. ... Full Story | Top |
| U.S., China team up to seize counterfeit goods in joint operation Wednesday, Jul 31, 2013 09:35 AM PDT  By Deborah Charles WASHINGTON (Reuters) - The United States and China have joined forces in a combined operation to crack down on counterfeit goods, seizing more than 243,000 fake electronics products, including popular consumer items made by Apple, Samsung, Dr Dre and Blackberry. U.S. Customs and Border Protection said the month-long operation was the biggest bilateral customs enforcement effort ever conducted by the United States. It focused on seizures of goods in ports as they were exported from China or imported into the United States. While the operation resulted in only one arrest, U.S. ... Full Story | Top |
| SEC investigating IBM over cloud revenue Wednesday, Jul 31, 2013 09:07 AM PDT  NEW YORK (Reuters) - U.S. regulators are investigating how International Business Machines Corp reports revenue from its cloud computing business, the company said on Wednesday. IBM said it learned of the investigation, being conducted by the U.S. Securities and Exchange Commission, in May. The company made the disclosure in its quarterly report filed with the SEC. It gave no details on the probe. IBM, which does not break out its cloud computing revenue separately, has said it aims to generate $7 billion annually in revenue from cloud services by the end of 2015. ... Full Story | Top |
| Music streamer Spotify doubles 2012 revenues after expansion Wednesday, Jul 31, 2013 07:15 AM PDT  STOCKHOLM (Reuters) - Music streaming web service Spotify more than doubled revenues in 2012 to 435 million euros ($577 million) as it expanded to new markets and almost doubled its users, documents showed on Wednesday. The Stockholm-based company, which provides free on-demand music or ad-free tunes for paying customers, posted a 58.7 million euro net loss, compared with the 45.4 million loss it had in 2011 on turnover of 190 million. ... Full Story | Top |
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