| | |
| T-Mobile shares rise in NYSE debut Wednesday, May 01, 2013 12:18 PM PDT  By Sinead Carew NEW YORK (Reuters) - T-Mobile US Inc shares rose 6 percent in their debut on the New York Stock Exchange on Wednesday, after the company was created by the merger of MetroPCS Communications and Deutsche Telekom AG's U.S. unit T-Mobile USA. Shares of what is now the fourth-largest U.S. wireless service provider were up 96 cents at $16.54 from an adjusted closing price of $15.58. MetroPCS and T-Mobile USA, which had combined 2012 revenue of $24.8 billion, merged to pool their spectrum resources to compete better with bigger and smaller rivals. ... Full Story | Top |
| Ofcom begins investigation into BT's superfast broadband Wednesday, May 01, 2013 11:44 AM PDT  (Reuters) - UK telecoms regulator Ofcom has launched a probe into whether BT Group is abusing its dominant position when pricing its superfast broadband, following a complaint by smaller rival TalkTalk Telecom Group. Ofcom said it was in the early stages of an investigation into BT. BT, the biggest fixed-line operator in the country, allows rival operators to take its superfast fiber product on a wholesale basis at the same fee at which it sells it to its own retail arm, BT Retail. ... Full Story | Top |
| Lenders eye $1 billion credit line for Sharp: Nikkei Wednesday, May 01, 2013 11:19 AM PDT  (Reuters) - Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ are considering a roughly 100 billion yen ($1 billion) credit facility to help electronics manufacturer Sharp Corp meet an upcoming bond redemption, the Nikkei said. The banks are close to creating a credit line to ensure that Sharp can meet redemption requests for roughly 200 billion yen in convertible bonds maturing in September, the Japanese daily said. In addition, the lenders will give Sharp an extension on 360 billion yen in collateralized lending that matures in June. ... Full Story | Top |
| DreamWorks Animation to buy teen YouTube channel AwesomenessTV Wednesday, May 01, 2013 11:13 AM PDT By Lisa Richwine (Reuters) - DreamWorks Animation SKG Inc has agreed to buy teen- oriented YouTube network AwesomenessTV, to secure an online platform to showcase family-focused movie franchises such as "Shrek" and "Kung Fu Panda." DreamWorks said on Wednesday it will pay about $33 million in cash to acquire AwesomenessTV, with additional payments of up to $117 million if earnings targets are met in 2014 and 2015. The transaction is expected to be completed this month, it said. ... Full Story | Top |
| French minister says Yahoo wanted to "devour" website Wednesday, May 01, 2013 10:37 AM PDT  By John Irish and Leila Abboud PARIS (Reuters) - France's industry minister said he had blocked Yahoo Inc's plan to buy a majority stake in online video website Dailymotion because the U.S. group wanted to "devour" its smaller competitor. Yahoo, which declined to comment, had been in talks to acquire a 75 percent stake in Dailymotion, owned by France Telecom's Orange, a deal that would have valued Europe's largest video website at $300 million. ... Full Story | Top |
| Fidelity Contrafund's Danoff frets over Apple rivals Wednesday, May 01, 2013 08:49 AM PDT  By Tim McLaughlin BOSTON (Reuters) - Fidelity Contrafund manager Will Danoff, the biggest active shareholder in Apple Inc, cut his stake in the iPhone maker 12 percent in the first quarter and cited "heightened concern" about increasing competition. Danoff, whose $92 billion Contrafund has beaten 94 percent of peers over the past 15 years, is considered one of the most savvy stock pickers among mutual fund managers. ... Full Story | Top |
| Exclusive: Britain to quiz Google and auditor again on tax Wednesday, May 01, 2013 08:44 AM PDT  By Tom Bergin LONDON (Reuters) - Executives from Google Inc. and its auditor Ernst & Young will be called again to a British parliament committee to testify on tax, after a Reuters investigation highlighted inconsistencies in the way Google portrays its activities in Britain, the committee's chairwoman told Reuters. Margaret Hodge, head of the Public Accounts Committee (PAC), which is tasked with ensuring value in government financial affairs, said she would summon the companies' representatives to explain previous comments to the committee in light of the report. ... Full Story | Top |
| Facebook and banks ask U.S. judge to throw out IPO lawsuit Wednesday, May 01, 2013 08:35 AM PDT  (Reuters) - Facebook Inc, its Chief Executive Mark Zuckerberg and dozens of banks asked a federal judge to throw out a lawsuit accusing the social media company of misleading investors about its financial condition before its $16 billion initial public offering a year ago. The defendants said in court papers on Wednesday that before the IPO last May 18, Facebook had no obligation to publicly disclose internal projections on how increased mobile usage and product decisions might affect future revenue, even if it had provided the projections to its underwriters' analysts. They said the U.S. ... Full Story | Top |
| Lasers, microwave deployed in high-speed trading arms race Wednesday, May 01, 2013 07:55 AM PDT  By Eric Onstad LONDON (Reuters) - Laser beams and microwave dishes are the latest weapons in an arms race to shave milliseconds off dealing times in the shadowy world of high-speed, computerized financial trading. Traders, who make money by exploiting tiny, lightning-fast price changes on exchanges, are now targeting Europe and Asia after skirmishing in the United States. The first microwave connections between London and Frankfurt have been launched, cutting the time to send a trade by about 40 percent compared with optic fiber cables. ... Full Story | Top |
| Comcast reports higher profit, revenue in first quarter Wednesday, May 01, 2013 07:43 AM PDT  (Reuters) - Comcast Corp posted higher quarterly profit on Wednesday, driven by strength on the cable side of the business. The leading U.S. cable television provider, which also owns broadcaster NBC Universal, posted first-quarter profit of $1.4 billion, or 54 cents a share, up from $1.22 billion, or 45 cents a year ago. Excluding revenue from Comcast's sale of spectrum, the company posted earnings of 51 per share and beat analyst estimates by a penny. ... Full Story | Top |
| Goldman Sachs affiliate to buy insurance software maker Ebix for $743 million Wednesday, May 01, 2013 07:07 AM PDT (Reuters) - Ebix Inc, which makes software for insurance companies, said it agreed to be acquired by an affiliate of Goldman Sachs & Co for about $743 million. The offer price of $20 per share represents a 7.5 percent premium to Ebix's Tuesday close on the Nasdaq. The total value of the deal is $820 million, including debt. (Reporting by Sayantani Ghosh in Bangalore; Editing by Supriya Kurane) (This story corrects paragraph 2 to say that the offer is at a premium of 7.5 percent, not 2.6 percent) Full Story | Top |
| Sharp to post worse-than-forecast annual loss: sources Tuesday, Apr 30, 2013 08:10 PM PDT  TOKYO (Reuters) - Sharp Corp, which supplies Apple Inc with screens for its iPhone and iPad, will post a bigger-than-forecast net loss for the year that ended on March 31 in part because low output at its factories forced it to write off excess capacity, two sources with knowledge of the result said. Japan's leading maker of liquid crystal displays had a 500 billion yen ($5.1 billion) net loss for the year, worse than the 450 billion yen deficit it forecast in November, the sources said on condition that they not be identified. ... Full Story | Top |
| Exclusive: Bain, Golden Gate in the lead to buy BMC Software - sources Tuesday, Apr 30, 2013 07:09 PM PDT By Greg Roumeliotis and Soyoung Kim NEW YORK (Reuters) - A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software Inc for more than $6.5 billion, three people familiar with the matter said on Tuesday. Bain and Golden Gate, which made a binding bid for the business software maker on April 22, offered more than a rival consortium of KKR & Co LP, TPG Capital LP and Thoma Bravo LLC, the sources said. ... Full Story | Top |
| First legal online poker site goes live in Nevada Tuesday, Apr 30, 2013 06:16 PM PDT By Ronald Grover (Reuters) - Already home to the Las Vegas strip with its casinos and high-stakes games, Nevada on Tuesday became the first state where residents can legally play poker online for money. Station Casinos went live with UltimatePoker.com after Nevada legalized online poker in February. New Jersey and Delaware have legalized online gambling, which could eventually generate billions of dollars in revenue for companies and local governments. UlimatePoker.com will operate under a 30-day license, said A.G. ... Full Story | Top |
| Uber investor gauges interest in major new funding round: source Tuesday, Apr 30, 2013 05:41 PM PDT By Sarah McBride (Reuters) - An investor in Uber, the fast-growing alternative taxi service, has reached out to a venture capital firm about a potential new funding round that could value the company at $1 billion or more, a person familiar with the situation told Reuters. Uber's chief executive, Travis Kalanick, said the company was not currently raising money. Uber allows customers to quickly find rides among for-hire car services, such as limousines, by using an app on their phone. ... Full Story | Top |
|
No comments:
Post a Comment