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| Judge rules Apple conspired to raise prices on e-books Wednesday, Jul 10, 2013 11:42 AM PDT  By Nate Raymond and Jonathan Stempel NEW YORK (Reuters) - In a sweeping rejection of Apple Inc's strategy for selling electronic books on the Internet, a federal judge ruled that the company conspired with five major publishers to raise e-book prices. U.S. District Judge Denise Cote in Manhattan found "compelling evidence" that Apple violated federal antitrust law by playing a "central role" in a conspiracy with the publishers to eliminate retail price competition and raise e-book prices. Wednesday's decision could expose Apple to substantial damages. It is a victory for the U.S. ... Full Story | Top |
| Icahn urges Dell shareholders to seek higher price in court Wednesday, Jul 10, 2013 10:38 AM PDT  (Reuters) - Billionaire investor Carl Icahn plans to seek a higher price for his Dell shares in court and urged other investors to do the same, in an effort to block Dell Inc founder Michael Dell's $24.4 billion buyout offer ahead of a key shareholder meeting. Icahn opposes the proposal from Michael Dell and private equity firm Silver Lake, arguing it undervalues the PC maker, and has put forth a number of alternative options in concert with fellow Dell shareholder Southeastern Asset Management. ... Full Story | Top |
| Allianz eyes growth in computer hacking insurance Wednesday, Jul 10, 2013 09:12 AM PDT  MUNICH (Reuters) - Europe's biggest insurer Allianz is expecting to cash in on growing corporate demand for insurance against computer hacking and internet breakdowns, it said on Wednesday. "We see cyber insurance as a big growth market," said Hartmut Mai, board member at Allianz's AGCS unit for global corporate and special insurance risks. Insuring against cyber threats is seen as a potentially lucrative market for Europe's insurers, particularly now that lawmakers are promising bigger fines for companies that lose data. ... Full Story | Top |
| NATO cyber defense center fights tide of hacking attempts Wednesday, Jul 10, 2013 09:04 AM PDT  By Adrian Croft MONS, Belgium (Reuters) - Crouched behind banks of computer screens flashing data, NATO analysts try to stay ahead of millions of suspected attempts to hack the Western alliance's computer networks, as cyber defense moves to the center of NATO operations. NATO's cyber defense nerve center, operating from the alliance's operational headquarters at Mons in southern Belgium, monitors potential attacks on NATO computer systems installed at 55 locations around the world. ... Full Story | Top |
| Nokia to bet on camera upgrade in smartphone push Wednesday, Jul 10, 2013 06:33 AM PDT  By Ritsuko Ando HELSINKI (Reuters) - Nokia is expected to unveil a new smartphone with a 41-megapixel camera on Thursday, banking on advanced optics to make up for meager marketing resources and a limited range of phone apps. Analysts, however, are skeptical that a new camera for the flagship Lumia smartphone will be enough for the Finnish company to regain market share from rivals Samsung and Apple . ... Full Story | Top |
| TSMC says June sales at record high, up 24.3 percent on year Wednesday, Jul 10, 2013 01:43 AM PDT TAIPEI (Reuters) - TSMC, the world's biggest contract chip maker, posted a 24.3 percent rise in June sales from a year earlier. (Reporting by Clare Jim; Editing by Jacqueline Wong) Full Story | Top |
| China, U.S. talks on cyber security go well: Xinhua Tuesday, Jul 09, 2013 10:32 PM PDT  BEIJING (Reuters) - Talks between China and the United States on cyber security, overshadowed by revelations of U.S. electronic surveillance by former spy agency contractor Edward Snowden, have gone well, state media said on Wednesday, with both sides pledging to improve cooperation. Cyber security is one of the main topics for high-level talks this week between the world's two largest economies, as both countries trade accusations about hacking attacks on each other. Snowden's revelations of American electronic surveillance around the world have given China an argument to counter U.S. ... Full Story | Top |
| China's Alibaba on hunt for acquisitions after IPO: media Tuesday, Jul 09, 2013 07:08 PM PDT  SHANGHAI (Reuters) - China's e-commerce giant Alibaba Group Holding Ltd's will use proceeds from its potential IPO to fund acquisitions, media reported on Wednesday, as the firm looks to broaden its mobile services. The group will not include most of its financial businesses, such as the Alipay online payment platform and its micro-loan services, in the potential IPO, Chief Executive Officer Jonathan Lu was quoted as saying in the China Daily. ... Full Story | Top |
| Microsoft reports hackings linked to report by Google researcher Tuesday, Jul 09, 2013 03:48 PM PDT  By Jim Finkle BOSTON (Reuters) - Microsoft Corp said hackers have attacked some computers by exploiting a bug in Windows first disclosed two months ago by a Google Inc researcher, who came under fire at the time for publicizing the flaw without going to the software company first. Microsoft provided few details about the attacks. In an advisory on Tuesday, it said hackers had launched "targeted attacks," a term generally used by security experts to refer to cyber attacks on corporate or government targets, with espionage and sabotage as the motive. ... Full Story | Top |
| CEO says BlackBerry open to licensing deals, other options Tuesday, Jul 09, 2013 02:51 PM PDT  By Euan Rocha WATERLOO, Ontario (Reuters) - BlackBerry Ltd signaled on Tuesday that a licensing deal, or even an outright sale of the company, was still a possibility, pleasing shareholders still reeling from the disappointing debut for its new line of smartphones. Chief Executive Thorsten Heins, responding to a question about whether he was looking into strategic alternatives, said he is open to all options that create value for shareholders. ... Full Story | Top |
| As Japan PM Abe weighs labor reform, IBM emerges as test case Tuesday, Jul 09, 2013 02:15 PM PDT  By Nathan Layne TOKYO (Reuters) - When 27-year IBM veteran Martin Jetter came to Tokyo last year, the new president of the technology giant's Japanese arm had a radical idea: hold workers accountable for performance. Within months of Jetter's arrival, IBM Japan fired a group of workers deemed to be underperforming in the kind of restructuring common in many Western countries but rare in Japan, where the most sought-after jobs have carried a promise of lifetime employment. ... Full Story | Top |
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