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| Rogers, Videotron extend reach with network-sharing deal Thursday, May 30, 2013 12:12 PM PDT  By Euan Rocha and Alastair Sharp TORONTO (Reuters) - Rogers Communications Inc and Quebecor Inc's Videotron wireless arm plan to build and operate a shared high-speed wireless network in and around Québec, a cost-saving arrangement that is expected to stoke competition in the French-speaking Canadian province. Rogers, the nation's largest wireless provider, now spends far more on its network than its main rivals, Telus Corp and BCE Inc's Bell unit, do on their shared network. The pairing with Videotron, announced late on Wednesday, means Rogers will narrow that gap. ... Full Story | Top |
| Crest urges Clearwire ditch Sprint deal after Dish bid Thursday, May 30, 2013 11:32 AM PDT  By Sinead Carew and Liana B. Baker NEW YORK (Reuters) - Crest Financial, one of the biggest minority shareholders in Clearwire Corp, on Thursday urged the wireless company to recommend against Sprint Nextel Corp's buyout offer after Dish Network Corp made a counter bid. Crest, which holds about 8 percent of Clearwire shares, said Clearwire should open itself to competitive bidding, and said even though Dish's bid appears superior it may still prove inadequate to shareholders. Clearwire is expected to postpone its shareholder vote on Sprint's $3.40 per share offer after Dish's counter bid of ... Full Story | Top |
| U.S. to loosen sanctions on Iran for mobile phones, gadgets Thursday, May 30, 2013 11:03 AM PDT  WASHINGTON (Reuters) - The United States was set to relax sanctions on Iran on Thursday to allow American companies to sell mobile phones, software and other technology used for personal communications to Iranians, two U.S. officials said. The move, expected later on Thursday, will allow Iranians to get access to the latest Apple phones and newest software that have only been available on Tehran's black market since sanctions were first imposed in 1992. The U.S. ... Full Story | Top |
| Facebook shares jump as brokers say usage concerns overblown Thursday, May 30, 2013 10:40 AM PDT  SAN FRANCISCO (Reuters) - Shares of Facebook Inc jumped 5.6 percent on Thursday after two investment brokerages upgraded their recommendations, arguing that concerns over the waning engagement of younger users were overblown. Still, the share price of the world's largest social network is at a six-month low, partly due to fears that young users were beginning to cool their activities on Facebook, in favor of newer services like Twitter and the increasingly popular photo messaging application, SnapChat. In midday trading, shares were up at $24.63. ... Full Story | Top |
| Telecom Italia takes first step to spin off network Thursday, May 30, 2013 09:52 AM PDT  By Danilo Masoni MILAN (Reuters) - Telecom Italia took a first step to spin off its domestic fixed-line access network on Thursday, a move that could allow the debt-laden Italian telecoms group to raise cash to fund investments. This could also help Italy speed up broadband development and give Telecom Italia more commercial flexibility. Telecom Italia said its board had agreed to put some of its network assets, valued 13-15 billion euros, into a separate company with a view to selling a stake in the new entity to state-backed fund Cassa Depositi e Prestiti (CDP). ... Full Story | Top |
| U.S. groups expect WTO technology trade deal by July Thursday, May 30, 2013 09:33 AM PDT WASHINGTON (Reuters) - A deal among the United States, China, the European Union and nearly two dozen other countries to eliminate duties on billions of dollars of technology products could be reached in the next two months, U.S. technology groups said on Thursday. "We're quite optimistic we're going to get this across the finish line by the end of July," John Neuffer, a senior vice president at the Information Technology Industry Council, told reporters in a phone call from Geneva, where some members of the World Trade Organization met this week for talks. ... Full Story | Top |
| Governments confront rising threat to ships from signal jamming Thursday, May 30, 2013 07:24 AM PDT  By Jonathan Saul LONDON (Reuters) - Ships on the world's busiest waterways face growing threats to their satellite navigation systems, including jamming attacks, prompting Britain and South Korea to deploy back-up devices to avert potential disasters at sea. South Korea has already experienced waves of signal jamming since 2010 on ships and aircraft, its officials said. Vessels increasingly rely on systems that employ satellite signals to find a location or keep exact time, including the Global Positioning System (GPS). ... Full Story | Top |
| Microsoft brings back 'start' button, seeks to spur Windows sales Thursday, May 30, 2013 06:20 AM PDT  By Bill Rigby SEATTLE (Reuters) - Microsoft Corp is bringing back the Windows "start" button, offering a stripped-down version among a slew of improvements aimed at winning over tablet users and placating PC customers alienated by Windows 8. The world's largest software company is looking to re-energize sales of its latest Windows version, which has not made the splash with computer users it was hoping for. Executives say the plan is now to update Windows periodically, rather than waiting three years or so between big releases. ... Full Story | Top |
| Exclusive: Glu Mobile dips toe in U.S. real-money games Thursday, May 30, 2013 04:09 AM PDT By Malathi Nayak SAN FRANCISCO (Reuters) - Glu Mobile Inc will allow U.S. players to win cash in one of its mobile games starting next month, betting that cash-based contests will be a winning formula to expand revenue in the fledgling but potentially high-growth mobile gaming sector. The fast-growing mobile game developer, which has struggled to report a profit since it went public in 2007, said it entered into a partnership with San Francisco startup Skillz that provides technology enabling real-money earnings from skill-based mobile games through cash tournaments. ... Full Story | Top |
| EU's Kroes makes appeal for last-ditch telco overhaul Thursday, May 30, 2013 03:44 AM PDT  By Claire Davenport and Leila Abboud BRUSSELS (Reuters) - Europe's top telecom regulator called for an end to mobile roaming fees and equal access to the Internet in a speech at the European Parliament on Thursday, as she sought backing for reforms to create one market for telecom services in the region. In line with comments emailed to Reuters a day earlier, Neelie Kroes said her vision for the sector was for "pan-European operators helping consumers take advantage of a borderless market" as well as "increased investment in quality networks and content. ... Full Story | Top |
| Samsung unveils Galaxy S4 mini phone to target mid-tier market Thursday, May 30, 2013 02:11 AM PDT  SEOUL (Reuters) - Samsung Electronics Co unveiled a stripped down version of its flagship Galaxy S4 smartphone on Thursday, aiming to grab a bigger share in the mid-tier segment as growth in the high-end market slows. The Galaxy S4 mini, which follows the debut of the S4 just a month ago, will have a 4.3-inch screen - still bigger than Apple Inc's 4-inch iPhone 5 - and a 8-mega pixel rear-facing camera. ... Full Story | Top |
| Dish tops rival Sprint's bid for Clearwire Wednesday, May 29, 2013 09:11 PM PDT  (Reuters) - Dish Network Corp raised its buyout offer for Clearwire Corp to $4.40 per share, valuing the wireless service provider at $6.5 billion and topping a rival bid by Sprint Nextel Corp by nearly 30 percent. Sprint, the No. 3 U.S. mobile service provider, already owns just over 50 percent of Clearwire's shares and had increased its offer to $3.40 per share last week under pressure from activist shareholders. Dish, which is also locked in a battle with Japan's SoftBank Corp to acquire Sprint, raised its bid just two days before the Sprint offer goes to a vote. ... Full Story | Top |
| Panasonic to cut 5,000 workers from automotive and industrial division Wednesday, May 29, 2013 07:41 PM PDT  TOKYO (Reuters) - Panasonic Corp said it will cut around 5,000 workers from its automotive and industrial division in a bid to bolster its operating profit margin over the next three years to a 5 percent minimum set by the company's president, Kazuhiko Tsuga. The division, which covers automotive components, semiconductors, production machinery and other devices, employs 110,000 people, around a third of Panasonic's workforce. The business is at the forefront of Tsuga's strategy to shift Panasonic away from consumer electronics to building gadgets and machinery it sells to other companies. ... Full Story | Top |
| Motorola hits comeback trail with new U.S.-made phone Wednesday, May 29, 2013 05:57 PM PDT  RANCHO PALOS VERDES (Reuters) - Motorola plans to launch a new, made-in-the-U.S. smartphone, CEO Dennis Woodside said on Wednesday, confirming speculation the once-dominant cellphone maker intends to make a comeback in the hotly competitive mobile market. Motorola, which Google Inc bought for $12.5 billion in 2012, has steadily ceded market share to Apple Inc and Samsung Electronics Co Ltd, with its latest phones garnering a relatively lukewarm reception. The new phone, called the Moto X, will be built at a 500,000 square-feet facility in Texas that will employ 2,000 people by August. ... Full Story | Top |
| Sprint, SoftBank agree to U.S. national security deal Wednesday, May 29, 2013 05:40 PM PDT  By Alina Selyukh (Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp said on Wednesday they had reached a national security agreement with U.S. authorities, overcoming a major hurdle for the Japanese company's $20.1 billion bid to control the wireless carrier. Even with that approval, there are still a number of regulatory, congressional and investor hurdles facing SoftBank before it can close on its plan to break into the U.S. market. One influential U.S. senator said on Wednesday he was "carefully examining" the approval to see if it eased his security concerns. ... Full Story | Top |
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