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| Microsoft shareholders advised to vote against director Thompson Monday, Oct 28, 2013 06:55 PM PDT  By Bill Rigby SEATTLE (Reuters) - Proxy advisory firm Glass Lewis has recommended that Microsoft Corp shareholders vote against the re-election of lead independent director John Thompson, who is in charge of the company's efforts to find a new chief executive. In a note circulated to its clients on Monday, Glass Lewis expressed concerns about a possible conflict of interests for Thompson in his role as CEO of Virtual Instruments, a cloud-computing firm that sells licenses and devices to Microsoft. ... Full Story | Top |
| New Australia government upholds ban on China's Huawei Monday, Oct 28, 2013 06:07 PM PDT  SYDNEY (Reuters) - Australia's newly elected conservative government is upholding the ban on China's Huawei Technologies Co Ltd tendering for work on the country's $38 billion National Broadband Network (NBN), the attorney-general said on Tuesday. The former Labor government cited cyber-security concerns when it banned Huawei, the world's largest supplier of telecoms network equipment by revenue, from bidding for contracts on the infrastructure rollout last year. ... Full Story | Top |
| Apple's results disappoint ahead of holiday quarter Monday, Oct 28, 2013 05:17 PM PDT  By Bill Rigby (Reuters) - Apple Inc's profit and margins slid despite selling 33.8 million iPhones in its September quarter, and greater China revenue climbed just 6 percent even though two smartphone models hit store shelves in its second-largest market last month. The unremarkable quarterly numbers prompted some disappointed investors to cash in recent gains in the stock, which slid 5 percent at one stage after-hours on Monday. ... Full Story | Top |
| Instant View: Apple's quarterly sales fail to excite investors Monday, Oct 28, 2013 03:59 PM PDT SAN FRANCISCO (Reuters) - Apple Inc's quarterly revenue barely beat Wall Street's heightened expectations after it sold a solid 33.8 million iPhones in the September quarter, but gross margins and profit slid, disappointing some investors. Shares in the company were down more than 2 percent after hours. Commentary: SHANNON CROSS, CROSS RESEARCH "They guided for a solid quarter and it came in a little bit above where they guided. The upside looks like more aggressive share-repurchase and better iPhone numbers than people were expecting. ... Full Story | Top |
| Brazil to insist on local Internet data storage after U.S. spying Monday, Oct 28, 2013 02:22 PM PDT  By Esteban Israel and Anthony Boadle SAO PAULO/BRASILIA (Reuters) - Brazil, seeking to shield its citizens from alleged U.S. spying, is pushing ahead with its plan to force global Internet companies to store data obtained from Brazilian users inside the country, according to a draft of the law seen by Reuters. Despite opposition from multinational software, hardware and telecommunications companies, President Dilma Rousseff is pressing lawmakers to vote as early as this week on the law, sparked by disclosures of widespread U.S. spying on Brazilian telecommunications data. ... Full Story | Top |
| China telecom firms take long road to profit with 4G rollout Monday, Oct 28, 2013 02:16 PM PDT  By Paul Carsten BEIJING (Reuters) - Faster isn't necessarily better for China's telecom carriers as they prepare to roll out high-speed 4G mobile phone networks at the expense of their profitability for years to come. China Mobile Ltd, which has the most subscribers in the world, is investing billions of dollars to upgrade its infrastructure so clients can enjoy speedier Internet and data access once the government awards 4G telecom licenses before the end of the year. ... Full Story | Top |
| FCC adopts access deal involving AT&T, Dish, others Monday, Oct 28, 2013 12:52 PM PDT  By Alina Selyukh WASHINGTON (Reuters) - U.S. telecommunications regulators on Monday formally adopted an agreement by AT&T Inc, Dish Network Corp and other wireless companies to give smaller operators access to devices now made only for AT&T's airwaves. The Federal Communications Commission's order, approved without a public vote, makes official and elaborates upon a multi-pronged deal brokered by agency staff and wireless companies last month. Participants made concessions in hopes of improving how they use the airwaves that carry their wireless signals. ... Full Story | Top |
| Gogo to provide Japan Airlines with domestic Internet Monday, Oct 28, 2013 12:51 PM PDT  By Alwyn Scott NEW YORK (Reuters) - Gogo Inc said on Monday it had agreed to provide Japan Airlines Co Ltd with in-flight Internet service on the airline's domestic fleet of 77 aircraft, marking Gogo's first significant international contract, according to the company's chief executive. Shares of Gogo were up 10.6 percent at $17.94 in afternoon trade in New York on Monday. The in-flight Internet provider, based in Itasca, Illinois, said the JAL service would use Gogo's satellite technology and begin operating by mid-2014. ... Full Story | Top |
| British man charged with hacking U.S. military networks Monday, Oct 28, 2013 12:23 PM PDT By Jonathan Stempel NEW YORK (Reuters) - A British man has been arrested in England and charged by the United States and Britain with hacking into U.S. government computer systems, including those run by the military, to steal confidential data and disrupt operations, authorities said. Lauri Love and three co-conspirators allegedly infiltrated thousands of systems including those of the Pentagon's Missile Defense Agency, the U.S. Army Corps of Engineers, the U.S. space agency NASA and the U.S. Environmental Protection Agency, according to a U.S. grand jury indictment made public on Monday. ... Full Story | Top |
| AMC to buy most of Liberty Global's international content unit Monday, Oct 28, 2013 11:48 AM PDT By Soham Chatterjee (Reuters) - AMC Networks Inc said it would buy Chellomedia, the international content unit of John Malone's Liberty Global Plc, for about $1.04 billion, giving it greater control over the global distribution of its programs. Liberty Global, the largest cable operator in Europe, said the deal would help it simplify its business and allow it to focus on its core market, the United States. ... Full Story | Top |
| Apps help parents track Halloween trick or treaters Monday, Oct 28, 2013 11:42 AM PDT  By Natasha Baker TORONTO (Reuters) - Parents worried about letting their children go trick-or-treating at Halloween can download new apps that track kids and send alerts when they venture outside designated safe areas. With the free iPhone app Track n Treat, children send a time-limited link of their location via a phone number or email. This then allows parents to track their whereabouts via a web browser for the next four hours. ... Full Story | Top |
| EU seeks feedback on Google's revised antitrust offer Monday, Oct 28, 2013 10:14 AM PDT  By Foo Yun Chee BRUSSELS (Reuters) - EU regulators have asked 125 Google rivals and third parties to provide feedback on the company's second attempt to settle a three-year-long antitrust investigation and avert a possible $5 billion fine. The European Commission's hopes of closing the case next spring, however, suffered a setback after several rivals criticized Google's latest offer for not being materially different from a proposal made in April. Google's original proposal in April was rejected by its competitors, who said that the changes would only reinforce the company's dominance. ... Full Story | Top |
| Telefonica's chairman to meet Italian PM on Tuesday: source Monday, Oct 28, 2013 08:36 AM PDT MADRID/ROME (Reuters) - The chairman of Telecom Italia's key investor Telefonica is to meet with Italian prime minister Enrico Letta on Tuesday, a source with knowledge of the matter said. Last month the Spanish company reached a deal to gradually take over Telco, the investment vehicle owned by Telefonica and Italian financial interests which controls Telecom Italia with a stake of just 22.4 percent. Telefonica declined to comment on Cesar Alierta's meeting with Letta, which comes a week before the board of Telecom Italia meets to approve new chief executive Marco Patuano's business plan. ... Full Story | Top |
| EU asks Spain to change price proposal for Telefonica Monday, Oct 28, 2013 05:09 AM PDT MADRID (Reuters) - The European Commission has asked Spanish competition regulator the CNMC to withdraw or amend its proposal to set the prices at which Telefonica can sell broadband services on its network to other companies. Spain's telecoms watchdog the CMT, which is now part of the CNMC, had proposed cutting the price that companies must pay to use Telefonica's network, saying it would boost competition in a market the former monopoly still dominates. ... Full Story | Top |
| Japan's NTT Comm to buy two U.S. cloud computing firms for $880 million Monday, Oct 28, 2013 03:31 AM PDT TOKYO (Reuters) - NTT Communications Corp said it will gain control of two U.S. cloud computing firms in takeover deals worth a combined 85.5 billion yen ($880 million), as Japanese firms ramp up efforts to improve overseas networks through acquisitions. The unlisted long-distance and overseas calling unit of Nippon Telegraph and Telephone Corp will buy Virtela Technology Services Inc, which provides communications services to corporations, and acquire an 80 percent stake in RagingWire Data Centers. ... Full Story | Top |
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