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| HP shakeup points to more "shareholder friendly" board Friday, Apr 05, 2013 12:13 PM PDT  (Reuters) - Wall Street's psycho-analysis of Hewlett-Packard's latest board room shuffle has begun. The stepping-down of Hewlett-Packard Co Chairman Ray Lane and appointment of activist investor Ralph Whitworth as his interim replacement has raised hopes for a more "shareholder friendly" board at the flailing PC maker. But investors aren't buying it just yet, and HP shares fell more than 2 percent in morning trading on Friday. ... Full Story | Top |
| Apple, Google won't face poaching class action suit, yet Friday, Apr 05, 2013 11:47 AM PDT  By Jonathan Stempel (Reuters) - A U.S. judge ruled that a lawsuit alleging a broad conspiracy among Silicon Valley companies not to poach each other's employees cannot proceed as a class action for now, but left the door open for workers to eventually sue as a group. In a decision released on Friday, U.S. District Judge Lucy Koh in San Jose, California said the five software engineers suing Apple Inc, Google Inc and five other companies have yet to show enough in common among the proposed class members to allow them to sue together. ... Full Story | Top |
| Indian police investigating Google mapping contest Friday, Apr 05, 2013 04:14 AM PDT  By Devidutta Tripathy NEW DELHI (Reuters) - Police in India are investigating to determine whether U.S. Internet company Google Inc violated rules in a competition that asked users to add information about their local areas for its online map services after a government agency raised security concerns. Google, which ran the "Mapathon" in India in February and March, said its aim was to make more local information accessible to all and that it did not break any laws. ... Full Story | Top |
| Samsung Electronics marketing blitz stirs debate over innovation Friday, Apr 05, 2013 04:06 AM PDT  By Miyoung Kim SEOUL (Reuters) - Samsung Electronics is spending more on marketing than R&D for the first time in at least three years, prompting some pundits to warn that the IT giant is sacrificing innovation at a time when the market is teeming with ever smarter gadgets. The South Korean firm, which warned on Friday it will not post record quarterly earnings for the first time since 2011, looks set to spend big bucks on marketing upcoming mobile devices, including the Galaxy S4 smartphone, to convert more iPhone and iPad users loyal to arch rival Apple Inc. ... Full Story | Top |
| Google unloads Frommer's guides after less than a year Thursday, Apr 04, 2013 06:54 PM PDT  SAN FRANCISCO (Reuters) - Google Inc has sold the Frommers' line of travel-guidebooks, acquired just eight months ago from John Wiley & Sons Inc to strengthen its trove of local content and reviews, to founder Arthur Frommer. Google had intended to use the popular brand to beef up its own local content, listings and reviews, executives said at the time. To that end, it has spent the past few months integrating Frommer's travel content into Google+, its social network, and other services, a company spokesperson said. ... Full Story | Top |
| Facebook aims to take centerstage on Android phones Thursday, Apr 04, 2013 04:45 PM PDT  By Gerry Shih MENLO PARK, California (Reuters) - Facebook Inc on Thursday unveiled its most ambitious attempt yet to enter mobile computing without a phone of its own, introducing a new app that replaces the home screen on some Android smartphones. Called "Home," the new software lets users comprehensively modify Android, the popular mobile operating system developed by Google, to prominently display their Facebook newsfeed and messages on the home screens of a wide range of devices - while hiding other apps. ... Full Story | Top |
| Samsung Electronics estimates first-quarter profit at $7.7 billion, up 53 percent Thursday, Apr 04, 2013 04:40 PM PDT  SEOUL (Reuters) - Samsung Electronics Co Ltd estimated its January-March operating profit rose 53 percent to 8.7 trillion won ($7.74 billion) as sales of mid-tier smartphones helped the South Korean giant tide over the off-peak season. The guidance - released ahead of full quarterly results due by April 26 - was better than an average forecast for 8.3 trillion won by 42 analysts polled by Thomson Reuters I/B/E/S. That spells the end of five straight quarters of record profits for the world's biggest technology firm by revenue. ... Full Story | Top |
| Exclusive: Deutsche Telekom mulls improved MetroPCS offer - sources Thursday, Apr 04, 2013 02:44 PM PDT  By Sophie Sassard and Philipp Halstrick LONDON/FRANKFURT (Reuters) - Deutsche Telekom AG is looking into improving the terms of a proposed merger of its T-Mobile USA unit with MetroPCS Communications Inc as a last resort to win over shareholders ahead of a vote on the deal next week, two people familiar with Deutsche Telekom's thinking said on Thursday. The board of the Bonn-based company is divided on whether to sweeten the terms of the cash and share deal to secure approval at a MetroPCS shareholder vote on April 12 and is hoping it could still avoid any change, the people said. ... Full Story | Top |
| HP chairman Lane resigns, Whitworth takes over for now Thursday, Apr 04, 2013 02:44 PM PDT  By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co Chairman Ray Lane, who has come under fire from shareholders for his role in the acquisition of software company Autonomy Plc, has stepped down, the company said on Thursday, in a shake-up that will usher in two to three new board members. Director and activist investor Ralph Whitworth will become interim chairman until a permanent replacement is found. ... Full Story | Top |
| Deutsche Telekom says not amending terms of MetroPCS deal Thursday, Apr 04, 2013 02:36 PM PDT FRANKFURT (Reuters) - Deutsche Telekom said on Thursday it has no plans to amend the terms of a proposed merger of its T-Mobile USA unit with rival MetroPCS. Asked whether the Bonn-based company was working on sweetening the deal, a spokesman said: "No, we can flatly deny that." Last week, two proxy advisory firms suggested MetroPCS shareholders should vote against the deal, backing opposing shareholders who have concerns about the valuation and the amount of debt being assigned to the combined company. (Reporting by Harro ten Wolde; Editing by Maria Sheahan) Full Story | Top |
| HP chairman resigns after shareholder vote Thursday, Apr 04, 2013 02:15 PM PDT (Reuters) - Hewlett-Packard Chairman and Silicon Valley venture capitalist Ray Lane said on Thursday that he had decided to step down after reflecting on the shareholder vote and to reduce distractions. Lane won 58.88 percent of shareholder votes, which was announced during the company's annual meeting last month. (Reporting by Poornima Gupta) Full Story | Top |
| Analysis: Fridman seemingly at war with himself in Tele2 battle Thursday, Apr 04, 2013 01:34 PM PDT  By Megan Davies MOSCOW (Reuters) - Investors may be puzzled why billionaire Mikhail Fridman seemed to be bidding against himself for a telecoms company that is no longer for sale. Fridman is linked with two bids for the Russian unit of Nordic operator Tele2 - one from his A1 vehicle and the other, at a higher price, from MTS and Vimpelcom, in which he is a leading investor. ... Full Story | Top |
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