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| Verizon, Vodafone restart talks on $100 billion-plus deal: WSJ Wednesday, Aug 28, 2013 07:39 PM PDT  (Reuters) - Verizon Communications Inc and Vodafone Group Plc have restarted talks over a possible buyout of the British firm's stake in their U.S. wireless joint venture, the Wall Street Journal said, a deal that is expected to cost Verizon more than $100 billion. Verizon is in discussions with banks about the tens of billions of dollars in loans it would need to complete the deal, the Journal said, citing a person familiar with the matter. ... Full Story | Top |
| Britain has 4G competition as operators jump from one to three Wednesday, Aug 28, 2013 04:07 PM PDT  By Paul Sandle LONDON (Reuters) - Britain will catapult into the superfast mobile top division on Thursday when operators O2 and Vodafone finally launch 4G services to compete with market leader EE. The arrival of two more operators offering speeds more than five times faster than 3G - ideal for watching video on the go - marks a sharp turnaround from just a year ago when the country was stuck in the mobile slow lane with no 4G service. ... Full Story | Top |
| New York Times, Twitter hacked by Syrian group Wednesday, Aug 28, 2013 03:19 PM PDT  By Gerry Shih and Joseph Menn SAN FRANCISCO (Reuters) - Media companies, including the New York Times, Twitter and the Huffington Post, lost control of some of their websites Tuesday after hackers supporting the Syrian government breached the Australian Internet company that manages many major site addresses. The Syrian Electronic Army (SEA), a hacker group that has attacked media organizations it considers hostile to Syrian President Bashar al-Assad, claimed credit for the Twitter and Huffington Post hacks in a series of Twitter messages. ... Full Story | Top |
| Nintendo cuts Wii U price, plans lower-priced device for holidays Wednesday, Aug 28, 2013 01:03 PM PDT  By Malathi Nayak SAN FRANCISCO (Reuters) - Nintendo Co Ltd plans to offer a new handheld gaming device and a $50 discount on its most expensive Wii U console in North America and Europe, to compete with rivals Microsoft Corp and Sony Corp as they prepare to release new hardware. Nintendo said on Wednesday it will start selling the product, called 2DS, on October 12, priced at $129.99, which is $40 and $70 less than its two 3DS devices. The new gaming device is a lower-resolution version of the popular 3DS and will play DS games and 3DS games in 2D graphics. ... Full Story | Top |
| Sharp ends talks with Samsung over copier JV: Kyodo Wednesday, Aug 28, 2013 11:56 AM PDT  (Reuters) - Sharp Corp, Japan's largest display maker, has called off talks with Samsung Electronics Co Ltd to jointly set up a copier sales company, the Kyodo said. Sharp's decision came after other Japanese firms such as Canon Inc opposed the proposal expressing concern that key technology would fall into the hands of the South Korean technology giant, the newswire said. The global copier market is dominated by Japanese companies like Canon, Ricoh Co Ltd, Konica Minolta Inc and Sharp. They, along with U. ... Full Story | Top |
| Panasonic to stop selling consumer smartphones in Japan: Nikkei Wednesday, Aug 28, 2013 11:27 AM PDT  (Reuters) - Panasonic Corp is finalizing plans to pull out of the consumer smartphone business in Japan and has approached potential buyers for its cellular base station business, the Nikkei reported. It will end production at its only smartphone factory by March 2014, the daily said. The company told NTT DoCoMo Inc that it would stop supplying new smartphone models from this winter, Reuters reported this month, citing the Kyodo news service. Panasonic, however, will still provide specialized models for corporate users and outsourced models for foreign markets. ... Full Story | Top |
| EU telecoms chief drops plan to slash wholesale roaming prices Wednesday, Aug 28, 2013 11:14 AM PDT  By Foo Yun Chee BRUSSELS (Reuters) - EU telecoms chief Neelie Kroes has scrapped a draft proposal to cut wholesale roaming fees by as much as 90 percent, a European Commission document seen by Reuters showed, following criticism from major telecom companies. The plan, which would have affected the wholesale prices that telecoms operators pay to access their rivals' networks, was a key element of her efforts to create a single market for telecom services in the 28-country European Union. ... Full Story | Top |
| Activision sets launch date for $2.5 billion credit Wednesday, Aug 28, 2013 10:56 AM PDT  By Natalie Wright NEW YORK (Reuters) - Video game publisher Activision Blizzard is expected to launch September 4 its new $2.5 billion credit backing the company's plan to spin itself off from Vivendi and buy back shares, loan investors told Thomson Reuters LPC. The loan package is expected to include a $2.25 billion term loan B and a $250 million revolving credit facility. The company has received commitments from Bank of America Merrill Lynch and JP Morgan for the bank financing. Activision also plans to issue $1 billion of secured notes and $1. ... Full Story | Top |
| In Facebook's first pay vote, tough love from an old friend Wednesday, Aug 28, 2013 10:52 AM PDT  By Ross Kerber (Reuters) - Some of Mark Zuckerberg's mutual fund backers delivered a tough message on compensation for the leaders of Facebook Inc. Fidelity Investments, led by its $98 billion Contrafund, was among those voting against the pay of the social media company's top leaders in a nonbinding contest at its annual meeting in June, its first since going public. Securities filings show other funds voting against the pay included Legg Mason Capital Management Value Trust and Franklin Resources' Franklin Growth Fund. ... Full Story | Top |
| Chinese shoppers set to become world leaders online Wednesday, Aug 28, 2013 09:52 AM PDT  By Paul Carsten SHANGHAI (Reuters) - China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says. Online spending could account for half of all Chinese retail spending within a decade, according to Chinese e-commerce firm Alibaba Group. The change in shopping habits comes as almost half of the country's 1.3 billion population now have direct access to the Internet, and of that number nearly 80 percent own smart phones or tablets. ... Full Story | Top |
| Infosys Americas head, seen as CEO contender, resigns Wednesday, Aug 28, 2013 06:18 AM PDT By Harichandan Arakali BANGALORE (Reuters) - Infosys Ltd's Americas head and global manufacturing chief, Ashok Vemuri, has resigned in the most high-profile exit since co-founder Narayana Murthy returned to the company to reverse two years of floundering growth. Vemuri, a board member, was widely considered a contender to succeed chief executive S.D. Shibulal, another of the company's seven co-founders, when his term ends in mid-2015. ... Full Story | Top |
| Telenor sees less than $2 billion investments in Myanmar: CEO Wednesday, Aug 28, 2013 04:09 AM PDT  OSLO (Reuters) - Telenor will invest less than $2 billion in building its telecoms operation in Myanmar, its chief executive said on Wednesday. "It is going to be less than what we invested in total in Pakistan. Some (analysts) have used Pakistan as a benchmark and implied that it could be as much as what we invested in Pakistan, but it will not be," Jon Fredrik Baksaas told Reuters. (Reporting by Gwladys Fouche and Joachim Dagenborg; editing by Balazs Koranyi) Full Story | Top |
| Infosys board member and Americas head Ashok Vemuri resigns Wednesday, Aug 28, 2013 03:49 AM PDT  BANGALORE (Reuters) - Infosys Ltd., India's No. 2 software services provider, said Ashok Vemuri, a member of the company's board of directors and head of its operations in the Americas, has resigned. Vemuri, who was also the company's global head of manufacturing and engineering services, was widely considered to be a contender for the top job at the company when current chief executive S.D. Shibulal's term ends in 2015. Sanjay Jalona, currently the regional head for manufacturing in North America, will take over as the global head of manufacturing, Infosys said in a statement. ... Full Story | Top |
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