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| BlackBerry hit with securities shareholder class action Friday, Oct 04, 2013 06:35 PM PDT By Nick Brown NEW YORK (Reuters) - A shareholder of BlackBerry Ltd sued the company and its executives on Friday, accusing them of inflating the stock price by painting a misleadingly rosy picture of the business prospects of its BlackBerry 10 smartphone line. ... Full Story | Top |
| Exclusive: Cisco, Google, SAP discussing BlackBerry bids - sources Friday, Oct 04, 2013 05:17 PM PDT  By Nadia Damouni, Soyoung Kim and Nicola Leske NEW YORK/SAN FRANCISCO (Reuters) - BlackBerry Ltd, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google Inc and SAP about selling them all or parts of itself, several sources close to the matter said. Such a deal would be an alternative to the preliminary agreement reached weeks ago with a group, led by BlackBerry's biggest shareholder, Fairfax Financial Holdings, to take the company private for about $4.7 billion, a bid which has faced some skepticism because of financing questions. ... Full Story | Top |
| Exclusive: With IPO elusive, Avaya explored sale to Oracle this year - sources Friday, Oct 04, 2013 03:51 PM PDT  By Nicola Leske, Soyoung Kim and Greg Roumeliotis SAN FRANCISCO/NEW YORK (Reuters) - Avaya Inc's private equity owners explored selling the telecommunications equipment company earlier this year, instead of taking it public, and had talks with Oracle Corp, three people familiar with the matter said this week. Silver Lake and TPG Capital LP, which took Santa Clara, California-based Avaya private for $8.4 billion in 2007, held discussions with hardware and software giant Oracle in the first half of 2013 about a deal, but the talks fizzled in the last few months, the people said. ... Full Story | Top |
| Analysis: IT experts question architecture of Obamacare website Friday, Oct 04, 2013 03:04 PM PDT  By Sharon Begley NEW YORK (Reuters) - Days after the launch of the federal government's Obamacare website, millions of Americans looking for information on new health insurance plans were still locked out of the system even though its designers scrambled to add capacity. Government officials blame the persistent glitches on an overwhelming crush of users - 8.6 million unique visitors by Friday - trying to visit the HealthCare.gov website this week. The U.S. ... Full Story | Top |
| Memories of Facebook cloud Twitter's IPO Friday, Oct 04, 2013 03:01 PM PDT  By Poornima Gupta SAN FRANCISCO (Reuters) - When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as clients called about the social media's company's highly anticipated debut. In stark contrast, the investment company has not fielded any calls about Twitter as of Friday morning. "Not a single call yet," said Tim Lesko, the principal at Granite Investment Advisors, who added that he himself will hold back until he sees a few more quarters of financial results. "We want to start seeing numbers," he said. ... Full Story | Top |
| Gamblers not waiting for Twitter IPO to bet on valuation Friday, Oct 04, 2013 02:34 PM PDT  By Julia Edwards NEW YORK (Reuters) - Though Twitter's first day on the stock market is probably still months away, a handful of international gamblers aren't waiting for the official debut and are already laying bets on how much the social media site will be worth. Initial public offering experts are floating a market capitalization for Twitter of around $10 billion, but bettors on the Irish gambling site Paddy Power give the shortest odds to it closing with a market cap 50 percent to 100 percent above that. ... Full Story | Top |
| Mario's Tweets: Twitter celebrity name-dropping reflects novel IPO risk Friday, Oct 04, 2013 01:47 PM PDT  By Sarah McBride and Alexei Oreskovic SAN FRANCISCO (Reuters) - Celebrity chef Mario Batali landed on a new promotional platform this week, one that was regulatory rather than razzle-dazzle: the opening pages of Twitter's 234-page document on its initial public offering. In a prominently featured screen shot of tweets where the American chef offered cooking tips alongside British rock musician Gavin Rossdale, the company showcased the way people express themselves on the online messaging service. ... Full Story | Top |
| Atlanta woman says she is the voice of Apple's Siri Friday, Oct 04, 2013 01:31 PM PDT  By David Beasley ATLANTA (Reuters) - Siri, whose voice do you have? The question has intrigued millions of Apple iPhone and iPad fans, who use the devices' voice-activated personal assistant for help with everything from finding restaurants and directions to organizing their day. On Friday, CNN reported it has discovered the original voice. The person had never before been identified publicly. The network named Susan Bennett, a voice-over actress from Atlanta, as the voice behind Siri, which was first introduced on Apple's iPhone 4S in 2011. ... Full Story | Top |
| Family identifies woman who died after Washington car chase Friday, Oct 04, 2013 01:15 PM PDT By Richard Weizel and Mark Hosenball STAMFORD, Conn./WASHINGTON (Reuters) - Family members have identified the body of a woman who died after a tense car chase through the streets of Washington that prompted a lockdown of the U.S. Capitol, their lawyer said Friday. Miriam Carey's family members plan to discuss the incident later on Friday, when they return to their New York home, attorney Eric Sanders said in a posting on his law firm's Facebook page. They identified her body at the office of the medical examiner in Washington, Sanders said. ... Full Story | Top |
| Telecom Italia eyes Italy restructuring, halts network plan -union Friday, Oct 04, 2013 11:30 AM PDT  MILAN/ROME (Reuters) - Telecom Italia's new chief executive Marco Patuano will unveil a business plan outlining the future of its South American units and a possible corporate restructuring in Italy at a board meeting on November 7, trade union officials said. Patuano told a meeting with unions on Friday the heavily indebted former phone monopoly had put on hold a plan to spin off its fixed-line network because the right regulatory conditions were not in place, they said in a joint statement. ... Full Story | Top |
| China's Huawei to set up data centre in Malaysia Friday, Oct 04, 2013 11:03 AM PDT KUALA LUMPUR (Reuters) - Huawei Technologies Co Ltd, the world's second-largest telecommunications equipment maker, and Malaysian state investor Khazanah Nasional, will set up a data hosting and logistics centre in southern Malaysia to serve the Chinese firm's regional customers, both firms said on Friday. The centre will be located in the Iskandar region, a short distance from Singapore, and cover a combined office and warehouse space of 90,000 square feet, the companies said in a statement. The companies did not disclose a value for the project, but said the centre will create 600 new jobs. ... Full Story | Top |
| Tweeter Home shares explode on apparent Twitter mix-up Friday, Oct 04, 2013 09:59 AM PDT  By Chuck Mikolajczak NEW YORK (Reuters) - Excitement for Twitter's coming IPO is running pretty high - so much so that some investors on Friday mistook the nearly worthless stock of long-dead electronics retailer Tweeter for the "tweeting" site, sending shares up more than 1,000 percent. Tweeter Home Entertainment Group, a specialty consumer electronics company that went bankrupt in 2007, saw a its most active day of trading in more than six years even though it has nothing to do with the social media site. ... Full Story | Top |
| Icahn caves on Dell again, will not seek share rights Friday, Oct 04, 2013 09:05 AM PDT  SAN FRANCISCO (Reuters) - Activist investor Carl Icahn, who ended his months-long campaign against Michael Dell's planned buyout of Dell Inc last month, on Friday signaled his final retreat from the struggling personal computer maker. The billionaire, who opposed Michael Dell's $25 billion offer to take Dell private, tweeted he will no longer seek "appraisal rights" for his shares, a legal process under which investors can try to get a Delaware court to determine the fair value of the stock. "I withdrew my demand for appraisal of my Dell shares. ... Full Story | Top |
| Vivendi chairman says strategy on track, backs Bollore Friday, Oct 04, 2013 04:23 AM PDT  PARIS (Reuters) - French media and telecoms group Vivendi is "on track" to deliver several asset sales and decide on a spin-off of French mobile network operator SFR, Vivendi's outgoing chairman said in an interview with Le Monde on Friday. The once-sprawling conglomerate is seeking to re-shape itself as a media group focused on music and pay-TV and is selling out of Maroc Telecom and video games publisher Activision. ... Full Story | Top |
| Belgium seeks answers from Britain over telecom spying Friday, Oct 04, 2013 02:05 AM PDT BRUSSELS (Reuters) - Belgium has asked Britain to respond to allegations that its intelligence service hacked into the IT network of Belgian telecoms provider Belgacom. Federal prosecutors said in September they were investigating suspected foreign state espionage against Belgacom, the dominant telecoms provider in Belgium and also a top carrier of voice traffic in Africa and the Middle East. German magazine Der Spiegel reported later that the British electronic surveillance agency GCHQ had placed a virus in Belgacom's network. ... Full Story | Top |
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