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| Bharti Airtel second-quarter net falls 29 percent on forex losses Tuesday, Oct 29, 2013 09:06 PM PDT  NEW DELHI (Reuters) - India's Bharti Airtel Ltd reported a 29 percent fall in quarterly profit on foreign exchange losses, the 15th consecutive quarter of declining profits for the world's No.4 mobile phone carrier by customers. Consolidated net profit fell to 5.12 billion Indian rupees ($83 million)for its fiscal second quarter ended September 30 from 7.21 billion rupees a year earlier, New Delhi-based Bharti Airtel said in a statement. Analysts on average expected a net profit of 6.90 billion rupees for the company, nearly a third owned by Southeast Asia's top phone carrier SingTel. ... Full Story | Top |
| LinkedIn's conservative forecast gives pause to sizzling stock surge Tuesday, Oct 29, 2013 08:07 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - LinkedIn Corp issued a conservative revenue forecast through the end of the year that damped a sizzling run in its stock price, taking the shine off an upbeat performance at the professional social network in the third quarter. The company said it expected between $415 million and $420 million in revenue for the final three months of the year, lower than the $438 million expected by analysts polled by Thomson Reuters I/B/E/S. LinkedIn said fourth-quarter growth will not be as impressive as a year ago when it rolled out new features. ... Full Story | Top |
| Google takes secrecy to new heights with mystery barge Tuesday, Oct 29, 2013 07:16 PM PDT  By Ronnie Cohen and Alexei Oreskovic SAN FRANCISCO (Reuters) - How badly does Google want to keep under wraps a mysterious project taking shape on a barge in San Francisco Bay? Badly enough to require U.S. government officials to sign confidentiality agreements. At least one Coast Guard employee has had to sign a non-disclosure agreement with the Internet giant, said Barry Bena, a U.S. Coast Guard spokesman. Another person who would only identify himself as an inspector for a California government agency had to do the same. ... Full Story | Top |
| Bitcoin goes mainstream with ATM in Vancouver coffee shop Tuesday, Oct 29, 2013 04:12 PM PDT  By Julie Gordon VANCOUVER (Reuters) - A silver and blue ATM, perched up next to the espresso bar in a trendy Vancouver coffee shop, could launch a new era for the digital currency bitcoin, offering an almost instant way to exchange the world's leading virtual money for cash. The value of a bitcoin soared from $13 in January to a high of $266 in April as more businesses and consumers used them to buy and sell online. Some investors are also treating bitcoins like gold, using them to hedge against currency fluctuations and speculating on their rise. ... Full Story | Top |
| Adobe data breach more extensive than previously disclosed Tuesday, Oct 29, 2013 03:32 PM PDT  By Jim Finkle BOSTON (Reuters) - Adobe Systems Inc said on Tuesday that the scope of a cyber-security breach disclosed nearly a month ago was far bigger than initially reported, with attackers obtaining data on more than 38 million customer accounts. The software maker also said that hackers had stolen part of the source code to Photoshop editing software that is widely used by professional photographers. The company disclosed the breach on October 3, saying attackers took credit card information and other data from nearly 3 million customers' accounts. ... Full Story | Top |
| NZ Telecom, Vodafone pick up rights to 700 MHz 4G spectrum Tuesday, Oct 29, 2013 03:26 PM PDT  WELLINGTON (Reuters) - Telecom New Zealand and Vodafone have picked up the majority of management rights to the country's 700 megahertz spectrum as competition heats up to bring high-speed 4G broadband services to users in rural areas. Telecom, the country's largest telecom company, and Vodafone successfully bid on the maximum three lots of 2x15 megahertz lots for NZ$66 million ($54.55 million) each, while mobile phone operator 2degrees secured two lots of 2x10 MHz bandwidth. ... Full Story | Top |
| Grand Theft Auto V revs up Take-Two's results Tuesday, Oct 29, 2013 02:55 PM PDT  By Malathi Nayak SAN FRANCISCO (Reuters) - Take-Two Interactive Software raised its fiscal 2014 results forecast on Tuesday after reporting that second-quarter revenue quadrupled, driven by record-breaking sales of the video game "Grand Theft Auto V." Shares in Take Two jumped after it reported the results, which beat Wall Street forecasts. The stock has gained 5 percent since its signature title went on sale in September. ... Full Story | Top |
| LinkedIn's revenue tops Street but gives conservative forecast Tuesday, Oct 29, 2013 02:20 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - LinkedIn Corp announced strong user growth and better-than-expected third quarter revenue of $393 million on Tuesday, a 56 percent jump from a year ago, but issued a conservative revenue forecast for the fourth quarter and fiscal 2013. LinkedIn said it expected between $415 million and $420 million in sales for the final three months, lower than the $438 million expected by analysts polled by Thomson Reuters I/B/E/S. Its full-year revenue estimates, although revised upward to $1.5 billion, also fell slightly short of Wall Street's expectations. ... Full Story | Top |
| Tech companies seek fast action on U.S. 'patent troll' bill Tuesday, Oct 29, 2013 01:17 PM PDT By Ros Krasny WASHINGTON (Reuters) - Technology companies on Tuesday urged fast action on a patent reform bill in testimony before the House Judiciary Committee, including tackling what they termed the rising tide of costly lawsuits by "patent trolls." The Innovation Act, introduced last week by Representative Bob Goodlatte, a Virginia Republican who chairs the committee, aims to increase transparency and accountability in the patent litigation system. ... Full Story | Top |
| Electronic Arts profit rises in second quarter, shares up Tuesday, Oct 29, 2013 01:14 PM PDT  SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc reported higher profit for the second quarter on cost controls and digital sales, although revenues were down on the year ago quarter. For the three months ended Sept 30, the company posted total revenue of $1.04 billion compared with $1.08 billion a year ago. It reported a net income of $105 million, or 33 cents per share, compared with $49 million, or 15 cents per share a year ago. (Reporting by Malathi Nayak. Editing by Andre Grenon) Full Story | Top |
| Motorola aims for do-it-yourself smartphones Tuesday, Oct 29, 2013 12:56 PM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - Motorola wants to let consumers design their own smarpthones. The Google-owned manufacturer has launched Project Ara to create a free, open and standardized platform to let people pick and choose the components they want in their phones, Motorola said in a blogpost this week. The goal is to create a standard endoskeleton, or frame, that can hold different modules, like extra-powerful processors, additional batteries or memory chips for storing more music, all based on the customer's preferences. ... Full Story | Top |
| Telefonica reassures Italy over Telecom Italia's future Tuesday, Oct 29, 2013 12:13 PM PDT  By Alberto Sisto ROME (Reuters) - Telefonica Chairman Cesar Alierta has offered assurances to Italy over the future of Telecom Italia as his company tightens its grip on its Italian rival. The Spanish telecoms group reached a deal last month to start a gradual takeover of Telco, the investment vehicle that controls Telecom Italia, prompting a backlash from some Italian politicians and trade unions concerned about national security, job losses and the pace of investment in technology. ... Full Story | Top |
| Google+ rolls out movie-making features, claims 300 million users Tuesday, Oct 29, 2013 12:03 PM PDT  By Alexei Oreskovic (Reuters) - Google Inc on Tuesday unveiled new technology that creates polished movies, complete with music soundtracks, from collections of home videos and photos that users post on its fledgling Google+ social network. The new features mark Google's latest move to try and differentiate its 2-year-old social network from Facebook, the world's No. 1 online social network with 1.15 billion users. Google said on Tuesday that 300 million users visit the web page of its social network every month, up from 190 million "in stream" users in May. ... Full Story | Top |
| BlackBerry met with Facebook about potential bid: WSJ Tuesday, Oct 29, 2013 11:51 AM PDT  TORONTO (Reuters) - BlackBerry Ltd executives flew to California to meet with Facebook Inc last week to gauge its interest in a potential bid for the struggling smartphone-maker, according to a Wall Street Journal report citing people familiar with the matter. It remains unclear if Facebook is interested in placing a bid. Both companies declined to comment on the WSJ report. Any deal would be an alternative to a tentative $9 a share offer from a consortium led by its largest investor, Prem Watsa's Fairfax Financial Holdings Ltd, which wants to buy BlackBerry for $4. ... Full Story | Top |
| Starboard asks chipmaker TriQuint to consider unit sale Tuesday, Oct 29, 2013 10:16 AM PDT By Sruthi Ramakrishnan (Reuters) - Activist investor Starboard Value LP asked TriQuint Semiconductor Inc to consider selling or restructuring its mobile power amplifier business, which it said was a drag on the radio frequency chipmaker's share price. TriQuint shares, which have halved in value since touching a 10-year high of $14.88 in 2011, rose as much as 7 percent on Tuesday after the investor's comments. Starboard, which owns an 8 percent stake in TriQuint, said the company should focus on its networks and defense businesses and become a fabless chipmaker like rival Skyworks Solutions ... Full Story | Top |
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