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| AT&T seeks to defend Austin, Texas, market with faster Internet Monday, Sep 30, 2013 09:08 PM PDT  NEW YORK (Reuters) - AT&T Inc plans to start speeding up its Internet service in Austin, Texas, in December, to defend itself against a planned ultra high-speed Internet and television service to be launched by Google Inc in the same city next year. Texas' capital city, with a population of 840,000, has a reputation as a high-tech industry hub. After Google said in April that it would bring a service of 1 gigabit-per-second to Austin users, AT&T followed with a promise to match the offer if it obtained the same regulatory terms granted to Google by local authorities. ... Full Story | Top |
| Samsung Electronics says not too worried about emerging market currency falls Monday, Sep 30, 2013 07:31 PM PDT SEOUL (Reuters) - Volatility in emerging market currencies would not have a big impact on Samsung Electronics Co Ltd's home appliances business, a senior executive said on Tuesday. "Plunges in emerging market currencies were an issue of concern until recently but they have started stabilizing ... and our global business portfolio is helping us offset weakness in such markets," Eom Young-hoon, executive vice president of sales and marketing at Samsung's Digital Appliance business told reporters. ... Full Story | Top |
| Mobilicity wins creditor protection, seeks buyout OK Monday, Sep 30, 2013 04:27 PM PDT By Alastair Sharp TORONTO (Reuters) - Wireless telecom company Mobilicity, one of the smallest players in the Canadian market, said it won creditor protection from an Ontario court on Monday as it seeks regulatory approval for a transaction that would allow it to keep operating. Mobilicity said the tentative transaction is currently being reviewed by the federal government, but declined to identify the possible buyer. It said in July it was talking to several interested parties. ... Full Story | Top |
| Sprint investors need patience, possibly up to two years - SoftBank founder Monday, Sep 30, 2013 04:23 PM PDT  By Sinead Carew and Nobuhiro Kubo NEW YORK/TOKYO (Reuters) - SoftBank Corp's bid to revive U.S. wireless operator Sprint Corp could take as long as two years, the Japanese telecoms group's founder said on Monday, dampening investor hopes of a quick turnaround. SoftBank founder Masayoshi Son - famous for turning around Vodafone Group's Japanese mobile assets after he bought them - needs Sprint, ranked a distant third place in the U.S. market, to win customers from its rivals. ... Full Story | Top |
| U.S. considers expanding tablet, e-reader use on flights Monday, Sep 30, 2013 03:09 PM PDT By Alwyn Scott NEW YORK (Reuters) - U.S. aviation regulators began considering on Monday how to let airplane passengers make greater use of laptops, tablets and e-readers on board, while still ensuring the devices don't compromise flight safety. The suggestions, contained in a long-awaited report, are a hot-button issue for passengers, many of whom have chafed under strict rules that require portable electronic devices be turned off for takeoff and landing. Some passengers fear their devices will imperil a flight by disrupting navigation or radio signals. ... Full Story | Top |
| Cisco CEO John Chambers' salary almost doubled Monday, Sep 30, 2013 02:59 PM PDT  (Reuters) - Cisco Systems Inc Chief Executive John Chambers' total annual compensation almost doubled, the world's biggest network equipment maker said in a regulatory filing. Chambers' compensation rose to $21.05 million in the year ended July 27 from about $11.7 million a year earlier. Sixty-four-year old Chambers has been Cisco's CEO from 1995. During this time the company's stock has risen about six times. ... Full Story | Top |
| Entel to invest $400 million to roll out 4G services in Peru: government Monday, Sep 30, 2013 11:59 AM PDT LIMA (Reuters) - Chilean telecommunications firm Entel will invest $400 million over a decade to roll out 4G high-speed Internet services in Peru, the government said on Monday. Entel's services will cover 200 districts in Peru and mainly in areas that draw tourists, said Jesus Guillen, telecom project manager for Peru's investment promotion agency ProInversion. On Monday, Peru officially granted Americatel Peru, Entel's Peruvian subsidiary, the 4G concession the firm won earlier this year. ... Full Story | Top |
| New app uses augmented reality to show internship opportunities Monday, Sep 30, 2013 11:38 AM PDT By Natasha Baker TORONTO (Reuters) - College students and graduates know getting an internship can be the gateway to a job but landing one can often be difficult. However, a new mobile app from Nokia is aiming to change that by showing them job opportunities nearby. By aiming a smartphone at a nearby building that houses companies users will be able to see available internships there. The app is from Internship Lens, which was created by Finnish communications corporation Nokia for its Lumia Windows-based smartphones. ... Full Story | Top |
| Nokia's cheap smartphones drive Windows in Europe -research Monday, Sep 30, 2013 09:41 AM PDT  FRANKFURT (Reuters) - Microsoft's Windows platform has reached a 9.2 percent share in the smartphone operating system (OS) market in key European markets, driven by Nokia's low and mid-range models, market research firm Kantar said on Monday. During the three months to August, the Windows Phone platform reached a market share of over 10 percent for the first time in France and Britain, with 10.8 percent and 12 percent respectively, the researcher said. ... Full Story | Top |
| Nokia says India freezes some assets in tax dispute Monday, Sep 30, 2013 09:22 AM PDT  NEW DELHI/HELSINKI (Reuters) - Indian authorities have frozen some of Nokia's assets in a tax dispute, the Finnish phone maker said on Monday, although it does not expect the move to delay the sale of its handset business to Microsoft Corp. Nokia has been in dispute with Indian authorities over an income tax bill of 20.8 billion rupees ($333 million), one of several tax disagreements involving foreign companies in India. Indian tax authorities froze Nokia's assets and bank accounts last Wednesday, a company executive said. ... Full Story | Top |
| Google pays $55 million tax in Britain on 2012 sales of $5 billion Monday, Sep 30, 2013 09:04 AM PDT  By Tom Bergin LONDON (Reuters) - Google, which has been grilled twice in the past year by a UK parliamentary committee over its tax practices, had a UK tax bill of 35 million pounds ($55 million) in 2012, on sales of $4.9 billion to British customers, its accounts showed. The Internet search giant paid a tax rate of 2.6 percent on $8.1 billion in non-U.S. income in 2012, because it channeled almost all of its overseas profits to a subsidiary in Bermuda which levies no corporate income tax, the group's accounts show. ... Full Story | Top |
| Siemens' new CEO riles labor reps with news of job cuts Monday, Sep 30, 2013 09:03 AM PDT  MUNICH/FRANKFURT (Reuters) - Weekend news of 15,000 job cuts at Germany's Siemens has put the German engineering group's new chief executive, Joe Kaeser, on a collision course with workers' representatives only two months after he took the helm. "We oppose a margin-driven job-cutting program. Siemens needs a sustainable and future-oriented program that focuses on people and not just on margins," works council chief Lothar Adler said on Monday. Siemens, Germany's second-biggest company by market value, aims to save 6 billion euros ($8. ... Full Story | Top |
| China threatens closure of mobile news apps amid Internet crackdown Monday, Sep 30, 2013 04:29 AM PDT BEIJING (Reuters) - China on Monday launched a crackdown on several mobile news applications that provide news information services without approval from government regulators, threatening to shut down those who refuse to "rectify". The ruling follows a government campaign to curb "online rumors", as the government tries to rein in social media. The State Internet Information Office said that some of the news applications carried "pornography and obscene information and harm the physical and mental health of youngsters", and others published false information. ... Full Story | Top |
| Alcatel says wins China Mobile 4G network order Monday, Sep 30, 2013 02:59 AM PDT PARIS (Reuters) - Alcatel-Lucent said on Monday that China Mobile Ltd had chosen its lightRadio small-cell technology for the nationwide roll-out of the world's biggest high-speed mobile broadband network. Telecoms equipment makers have been waiting for China Mobile's 4G work to lift the fortunes of an industry hit by a lack of spending worldwide. China is now the world's largest market for mobile data services and smartphones, increasing at a rate of more than 50 percent each year, Alcatel-Lucent said in a statement. ... Full Story | Top |
| Renesas gets $1.5 billion bailout from government, customers Sunday, Sep 29, 2013 11:28 PM PDT TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp received on Monday the 150 billion yen ($1.53 billion) bailout pledged last year by a government-led fund and major customers to aid the company's restructuring efforts. Eight of Renesas' customers, including Toyota Motor Corp, Panasonic Corp and Nissan Motor Co Ltd paid just over 12 billion yen through a third-party share allocation and the government-led fund contributed the rest. ... Full Story | Top |
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