| | |
| Dell urges shareholders to approve CEO's buyout offer Friday, May 31, 2013 11:21 AM PDT  (Reuters) - Dell Inc called on shareholders on Friday to approve a $24.4 billion buyout offer by founder and CEO Michael Dell and private equity firm Silver Lake, saying the bid was superior to other strategic options. Activist investor Carl Icahn and Southeastern Asset Management launched a counter offer for Dell earlier this month that would allow shareholders to keep their shares. Dell shareholders are scheduled to vote on the Michael Dell/Silver Lake offer at a special meeting on July 18. ... Full Story | Top |
| Ireland rejects U.S. senator claims as tax spat rumbles on Friday, May 31, 2013 09:37 AM PDT  By Padraic Halpin DUBLIN (Reuters) - Ireland has rejected claims by two U.S. senators that Ireland is a tax haven and had handed Apple Inc a special tax deal, a charge the pair stood by on Friday. Ireland's ambassador to the United States Michael Collins has written to the two senators, Carl Levin and John McCain, arguing Ireland's tax system is transparent, according to the text released by the finance ministry. But Levin and former U.S. presidential candidate McCain said records obtained by their committee showed Apple paid a nominal rate far below Ireland's statutory rate of 12.5 percent. ... Full Story | Top |
| India authorities dismiss Nokia tax appeal Friday, May 31, 2013 05:42 AM PDT  NEW YORK (Reuters) - Indian authorities dismissed Nokia's appeals over an income tax demand of 20.8 billion Indian rupees ($370 million), the phone company said, a setback for its efforts to resolve the dispute in a crucial market. Nokia's India unit was served in March with the tax demand for five years starting from 2006/07, in one of several tax disputes involving a foreign company in India. The Finnish phone company said on Friday that it will examine all options, including taking the case back to the Delhi High Court. ($1 = 56. ... Full Story | Top |
| Telecom Italia shares fall more than 4 percent Friday, May 31, 2013 04:43 AM PDT  MILAN (Reuters) - Shares in Telecom Italia fell more than 4 percent on Friday after being briefly halted from trading, a day after the company took the first step to spin off its fixed-line network. The Italian phone company said it would discuss a possible tie-up with Hutchison Whampoa's Italian mobile phone unit, 3 Italia, at a board meeting due to take place on June 5. "The focus is now on what the board will decide regarding the tie-up with Hutchison," said an analyst in Milan, adding there was great uncertainty on the outlook for the company. (Reporting By Giancarlo Navach) Full Story | Top |
| Apple joins other foreign brands in raising prices in Japan Friday, May 31, 2013 03:56 AM PDT  TOKYO (Reuters) - Apple Inc hiked prices of iPads and iPods in Japan on Friday, becoming the latest and highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes income. The yen has fallen more than 20 percent against the U.S. dollar since mid-November when then-opposition leader Shinzo Abe prescribed a dose of radical monetary easing to reverse years of sliding consumer prices as part of a deflation-fighting policy, dubbed "Abenomics." The Bank of Japan, under a new Abe-backed governor, in April promised to inject $1. ... Full Story | Top |
| Vodafone and China Mobile pull out of Myanmar race Friday, May 31, 2013 03:19 AM PDT  LONDON (Reuters) - Britain's Vodafone and China Mobile said on Friday they had pulled out of the battle to win a new license in Myanmar, saying the conditions set by the country did not suit the two operators. The Chinese and British groups, the first and second-largest operators in the world respectively, said in April that they had joined forces to bid for a license in the country formerly known as Burma, where the government wants to increase the number of mobile operators from two to four. They were among 12 applicants to reach the short list. ... Full Story | Top |
| Hon Hai sets up display R&D company in Japan Friday, May 31, 2013 02:46 AM PDT  TAIPEI (Reuters) - Taiwan's Hon Hai Precision Industry Co Ltd, said it set up a research and development company in Japan for displays and touch panels, its latest effort to strengthen its display business. The world's largest contract electronics manufacturer, which purchased a 38 percent stake in a Sharp Corp TV panel plant in Sakai, Japan last year, has been investing to integrate its display business as the company looks to diversify from the low-margin contract manufacturing business. ... Full Story | Top |
| Carlyle, Advent, others in hunt for HP's MphasiS stake: sources Friday, May 31, 2013 01:59 AM PDT  By Indulal PM and Sumeet Chatterjee MUMBAI (Reuters) - Private equity giants Carlyle Group LP and Blackstone Group LP as well as Indian outsourcers L&T Infotech and Tech Mahindra Ltd, are lining up bids for Hewlett-Packard Co's $1 billion stake in India's MphasiS Ltd, several sources involved in the process said. Buyout firms Advent International and Bain Capital LLC are also in talks to bid for HP's 60.5 percent stake in MphasiS, an IT services exporter, said the sources, who declined to be named as details of a potential deal are not yet public. ... Full Story | Top |
| Megaupload founder wins access to evidence seized in raid Thursday, May 30, 2013 11:34 PM PDT  WELLINGTON (Reuters) - A New Zealand court granted Megaupload founder Kim Dotcom access on Friday to all evidence seized by police in a 2012 raid, bolstering the Internet entrepreneur's fight against extradition to the United States to face online piracy charges. Repeating its decision that warrants used in the raid on Dotcom's home were illegal, the High Court ruled that police must provide copies of evidence considered relevant to the U.S. investigation. These include materials forwarded to the Federal Bureau of Investigation. ... Full Story | Top |
| Dish puts Sprint bid for Clearwire under pressure Thursday, May 30, 2013 05:31 PM PDT  By Sinead Carew and Liana B. Baker NEW YORK (Reuters) - 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 Financial, which holds about 8 percent of Clearwire shares, said Clearwire should open itself to competitive bidding, and said that even though Dish's bid late Wednesday appeared superior it may still prove inadequate to shareholders. ... Full Story | Top |
| Intel scores major win in new Samsung Galaxy tablet: source Thursday, May 30, 2013 03:15 PM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - Samsung Electronics has chosen an Intel Corp processor to power a new version of one of its top-tier Android tablets, a source with knowledge of the plans told Reuters, in a major victory for the U.S. chipmaker, which is struggling to find its footing in the mobile market. Samsung has chosen Intel's Clover Trail+ mobile chip for at least one version of its Galaxy Tab 3 10. ... Full Story | Top |
|
No comments:
Post a Comment