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| Google denies 1 billion euro French tax claim Wednesday, Oct 31, 2012 12:25 PM PDT PARIS/LONDON (Reuters) - Google denied a newspaper report on Wednesday that it had received a 1 billion euro tax claim from the French authorities. The weekly Canard Enchaine said in an unsourced report that the French Tax Administration was looking into whether Google's practice of charging French advertisers via its European headquarters in Ireland led it to underpay taxes in France. European Union rules on freedom of trade within the bloc generally allow firms to freely sell into one EU market from another. ... Full Story | Top |
| Rosetta Stone and Google settle trademark lawsuit Wednesday, Oct 31, 2012 12:22 PM PDT  (Reuters) - Language-software maker Rosetta Stone Inc has agreed to drop its trademark infringement lawsuit against Google Inc over the search engine's advertising practices. The companies agreed to settle all claims and dismiss the suit, according to a filing on Wednesday in U.S. district court in Alexandria, Virginia. In the lawsuit filed in 2009, Rosetta Stone accused Google of committing trademark infringement by selling the language-software maker's trademarks to third-party advertisers for use as search keywords. ... Full Story | Top |
| Groupon postponing some deals in markets hit by Sandy Wednesday, Oct 31, 2012 12:04 PM PDT SAN FRANCISCO (Reuters) - Groupon Inc is postponing daily deals in most Northeast markets of the United States "for the immediate future," unless merchants contact the company to confirm they still want to run the offers, a company spokeswoman said on Wednesday.0 (Reporting By Alistair Barr) Full Story | Top |
| RIM starts carrier testing on BlackBerry 10 devices Wednesday, Oct 31, 2012 11:48 AM PDT  TORONTO (Reuters) - Research In Motion has started carrier testing of its new line of BlackBerry 10 devices ahead of the launch of the devices in the first quarter of 2013, the company said on Wednesday. "In the last week, BlackBerry 10 achieved lab entry with more than 50 carriers, a key step in our preparedness for the launch of BlackBerry 10 in the first quarter of 2013," said RIM's Chief Executive Thorsten Heins, in a brief statement. ... Full Story | Top |
| Facebook shares fall as lock-up period expires Wednesday, Oct 31, 2012 10:40 AM PDT  (Reuters) - Facebook Inc shares fell nearly 4 percent in busy trade on Wednesday as the company allowed employees to start selling roughly 230 million shares less than six months after its rocky market debut. The world's largest social network waived a provision that prevented employees from selling shares until November 14, making Facebook shares worth about $5 billion at current prices eligible for sale in the public market. ... Full Story | Top |
| EMC opens EMC Labs in Israel Wednesday, Oct 31, 2012 08:15 AM PDT JERUSALEM (Reuters) - Data-storage equipment maker EMC Corp said it was opening an EMC Labs in Israel aimed at developing innovative technologies for storage, security and big data. EMC opened an EMC Labs in China last year. The company did not provide financial details. EMC Labs in Israel will primarily be research oriented and will operate without any product, organizational or regional EMC constrictions, EMC said on Wednesday. ... Full Story | Top |
| ZTE sees over 40 percent rise in 2013 smartphone shipments Wednesday, Oct 31, 2012 07:00 AM PDT  SHANGHAI (Reuters) - China's ZTE Corp, the world's fourth-biggest handset maker, expects to ship around 50 million smartphones in 2013, up from 35 million units it forecast for this year, a senior company executive said on Wednesday. "We think next year will be very good (for smartphones)," He Shiyou, ZTE's executive director, told Reuters in Shanghai. Last week, ZTE executives told analysts after reporting its third quarter results that the company expected to sell 25 million smartphones this year. ... Full Story | Top |
| Apple's iPad mini packs full-sized punch but screen inferior: reviews Wednesday, Oct 31, 2012 06:59 AM PDT  SAN FRANCISCO (Reuters) - Apple Inc's entry in the accelerating mobile tablet race squeezes about 35 percent more viewing space onto a lighter package than rival devices from Google or Amazon.com Inc, but it sports inferior resolution and a lofty price tag, two influential reviewers wrote on Tuesday. The iPad mini, which starts at $329 versus the $199 for Google's Nexus 7 and Amazon's Kindle Fire HD, is easy to hold with one hand, eliminating a drawback of the 10-inch iPad, Wall Street Journal columnist Walt Mossberg wrote in one of the first major reviews of a gadget introduced last week. ... Full Story | Top |
| T-Mobile boss threatens to quit Austria: paper Wednesday, Oct 31, 2012 01:39 AM PDT VIENNA (Reuters) - T-Mobile Austria could slash investment or even withdraw from the country if it is not allowed to compete with rivals that get frequencies needed for fourth-generation LTE mobile products, CEO Andreas Bierwirth told a newspaper. The Deutsche Telekom unit is Austria's second-biggest mobile provider after Telekom Austria. Two smaller rivals - France Telecom SA's Orange and Hutchison's H3G - are trying to merge in a deal that is under regulatory review. ... Full Story | Top |
| Huawei security chief says embracing its hacker critics Wednesday, Oct 31, 2012 01:31 AM PDT  NEW DELHI/HONG KONG (Reuters) - Under-fire Chinese telecoms equipment vendor Huawei Technologies Co Ltd is reaching out to one of its sternest critics: a hacker who accused it of making shoddy products. John Suffolk, the company's global cybersecurity chief, told Reuters at a cybersecurity conference in New Delhi that he was sending a team of engineers to talk to German security researcher Felix Lindner, who has exposed vulnerabilities in the company's routers, from its $100 home Internet devices to multi-million dollar equipment run by telecommunications companies. ... Full Story | Top |
| Japan's Softbank plans $8.8 billion in capex this fiscal year Tuesday, Oct 30, 2012 11:50 PM PDT  TOKYO (Reuters) - Japan's Softbank said on Wednesday it plans 700 billion yen ($8.8 billion) if capital expenditure in the year to next March 31. Softbank, which announced this month it would buy a 70 percent stake in Sprint Nextel Corp, the third-largest U.S. carrier, said it plans capex of 550 billion yen ($6.9 billion) in following year to March 2014. (Reporting by Mari Saito; Editing by Michael Watson) Full Story | Top |
| In hurricane, Twitter proves a lifeline despite pranksters Tuesday, Oct 30, 2012 09:51 PM PDT  SAN FRANCISCO (Reuters) - As Hurricane Sandy pounded the U.S. Atlantic coast on Monday night, knocking out electricity and Internet connections, millions of residents turned to Twitter as a part-newswire, part-911 hotline that hummed through the night even as some websites failed and swathes of Manhattan fell dark. But the social network also became a fertile ground for pranksters who seized the moment to disseminate rumors and Photoshopped images, including a false tweet Monday night that the trading floor at the New York Stock Exchange was submerged under several feet of water. ... Full Story | Top |
| Storm knocks down some web sites, but most stay online Tuesday, Oct 30, 2012 06:27 PM PDT SAN FRANCISCO (Reuters) - Despite outages at a few well-known web sites and ripple effects that occasionally slowed communications around the country, the Internet came through the massive storm that swamped New York and New Jersey with relatively minor problems. Built for resiliency and buttressed by the adoption of cloud computing, the Internet functioned largely as it was supposed to, industry experts said, routing around major disruptions in one of its central network locations, New York City. ... Full Story | Top |
| Electronic Arts Q3 forecast disappoints as "Medal" seen lagging Tuesday, Oct 30, 2012 06:16 PM PDT  SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc forecast third-quarter earnings below Wall Street targets on Tuesday after its just-released "Medal of Honor: Warfighter" title failed to wow gamers ahead of a crowded holiday season. Poor reviews for the latest installment in the first-person shooter franchise released last week and the postponement of its "NBA Live 13" will hurt current-quarter sales, analysts say. A clutch of new sports games, such as the popular "FIFA 13," did not seem able to take up the slack, they say. ... Full Story | Top |
| Disney to buy "Star Wars" producer for $4.05 billion Tuesday, Oct 30, 2012 04:16 PM PDT  LOS ANGELES (Reuters) - Walt Disney Co agreed to buy filmmaker George Lucas's Lucasfilm Ltd and its "Star Wars" franchise for $4.05 billion in cash and stock, a blockbuster deal that includes the surprise promise of a new film in the series in 2015. Disney Chief Executive Bob Iger told analysts on Tuesday that the plan is to release a new movie in the series every two to three years thereafter. The last "Star Wars" picture was "Revenge of the Sith" in 2005, and Lucas has in the past denied any plans for more. ... Full Story | Top |
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