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| Preview: Nokia's buyout chances in focus ahead of results Friday, Jul 12, 2013 09:06 AM PDT  By Ritsuko Ando HELSINKI (Reuters) - Next week could be crunch time for Nokia Oyj and its Chief Executive Stephen Elop in their battle to prove the Finnish mobile phone company can survive on its own. Investors will be scrutinizing second-quarter results to see whether there's enough cash to stay with a turnaround plan which Elop said would take two years but is now into its third. Elop's bold bet in 2011 to adopt Microsoft Corp's untested Windows Phone software has yet to pay off, with no sign of catching Samsung and Apple Inc in smartphones. ... Full Story | Top |
| Amazon criticized over low German tax bill Friday, Jul 12, 2013 07:06 AM PDT  By Tom Bergin LONDON (Reuters) - Amazon.com Inc's main German unit paid income tax of just 3 million euros in 2012 after the group channeled sales to German clients of $8.7 billion via Luxembourg units, prompting one lawmaker to call for an investigation of the company. Accounts for Amazon.de GmbH filed with Germany's companies register show that the company reported profit of just 10 million euros for 2012, which was taxed at the headline German rate of 30 percent. Germany is Amazon's largest non-U.S. ... Full Story | Top |
| Icahn sweetens bid for Dell by adding warrants Friday, Jul 12, 2013 06:33 AM PDT  (Reuters) - Billionaire investor Carl Icahn and Southeastern Asset Management Inc sweetened their bid for Dell Inc by adding warrants they say would increase the value of the offer to a range of $15.50 to $18.00 per share from $14.00. Under the new offer, Dell shareholders would get $14.00 per share and a warrant for every four shares held. The warrant would entitle the holder to buy Dell shares for $20.00 each within the next seven years. The move is Icahn's latest effort to block a $24.4 billion buyout offer, or $13. ... Full Story | Top |
| Infosys revives pursuit of outsourcing deals, retains revenue target Friday, Jul 12, 2013 01:49 AM PDT  By Harichandan Arakali BANGALORE (Reuters) - Infosys Ltd hopes a return to aggressively chasing deals, even those with low margins, will help it regain lost market share but cut-throat competition and a possible change in U.S. visa rules may derail its plans. A focus on proprietary software at the expense of IT outsourcing contracts prompted India's second largest IT exporter to post two years of disappointing results and left it struggling to compete with local rivals Tata Consultancy Services Ltd and HCL Technologies Ltd. After reporting its latest quarterly earnings on Friday, CEO S.D. ... Full Story | Top |
| Ballmer tightens grip on Microsoft with major revamp Thursday, Jul 11, 2013 11:57 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Microsoft Corp's sweeping re-organization on Thursday creates a company that, more than ever, bears the stamp of Chief Executive Steve Ballmer. The face of Microsoft since he took the reins from co-founder Bill Gates in 2000, Ballmer stressed the importance of improving internal collaboration and eliminating redundancies when he released the company's new organizational blueprint. ... Full Story | Top |
| Google's Schmidt says relationship with Apple has improved Thursday, Jul 11, 2013 06:02 PM PDT  By Liana B. Baker SUN VALLEY, Idaho (Reuters) - The relationship between Google Inc and Apple Inc has improved over the past year with the rival technology companies and sometimes partners conducting "lots and lots" of meetings, Google Executive Chairman Eric Schmidt said. Schmidt did not provide details about the nature of the meetings during comments to reporters at the annual Allen and Co media conference in Sun Valley, Idaho on Thursday. He noted that Google Chief Business Officer Nikesh Arora, who joined him at the press briefing, was leading many of the discussions. ... Full Story | Top |
| Microsoft aims to power mobile effort in major overhaul Thursday, Jul 11, 2013 04:52 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Microsoft Corp launched its biggest internal overhaul in five years to streamline the development of products from Windows to tablets, hoping to catch nimbler rivals in mobile and cloud computing. Lack of coordination and infighting have hurt innovation within the $74 billion revenue, 98,000-employee organization, which hopes to accelerate the design of products that appeal to a new generation of users more accustomed to smartphones and tablets than laptops or desktop PCs. ... Full Story | Top |
| Level 3 says Global Crossing deal with U.S. did not allow for snooping Thursday, Jul 11, 2013 03:38 PM PDT (Reuters) - Fiber optic network provider Level 3 Communications Inc said a 2003 network security agreement signed by its unit Global Crossing did not include any provision for unauthorized surveillance by U.S. government agencies. The Washington Post reported last week that the deal allowed Team Telecom, a collection of U.S. government agencies, to access data transferred through Global Crossing's fiber-optic backbone that connects several countries. (http://link.reuters. ... Full Story | Top |
| Factbox: The faces behind Microsoft's re-organization Thursday, Jul 11, 2013 03:32 PM PDT By Alexei Oreskovic SAN FRANCISCO (Reuters) - The reorganization Microsoft Corp announced on Thursday represents the most sweeping re-structuring of the world's largest software company since 2008, designed to better align Microsoft's operations with Chief Executive Steve Ballmer's stated goal of becoming a "devices and services" company. Microsoft's stronghold providing software for PCs is under threat as consumers and corporations increasingly turn to mobile devices, such as smartphones and tablets, and to Web-based software. ... Full Story | Top |
| WellPoint fined $1.7 million for exposing health data on Internet Thursday, Jul 11, 2013 03:18 PM PDT (Reuters) - Health insurer WellPoint Inc agreed to pay a fine of $1.7 million for allowing health and other personal information from hundreds of thousands of people to be accessed over the Internet, the U.S. Department of Health and Human Services said on Thursday. Security weaknesses in a WellPoint online application database exposed information for 612,402 individuals between October 2009 and March 2010, according to the agency. Data included names, dates of birth, addresses, Social Security numbers, telephone numbers and health information. WellPoint, the second largest U.S. ... Full Story | Top |
| Microsoft helped NSA, FBI access user info: Guardian Thursday, Jul 11, 2013 02:37 PM PDT  SAN FRANCISCO (Reuters) - Microsoft Corp worked closely with U.S. intelligence services to help them intercept users' communications, including letting the National Security Agency circumvent email encryption, the Guardian reported on Thursday. Citing top-secret documents provided by former U.S. spy contractor Edward Snowden, the UK newspaper said Microsoft worked with the Federal Bureau of Investigations and the NSA to ease access via Prism - an intelligence-gathering program uncovered by the Guardian last month - to cloud storage service SkyDrive. ... Full Story | Top |
| Hackers convention ask government to stay away over Snowden Thursday, Jul 11, 2013 01:01 PM PDT  By Jim Finkle BOSTON (Reuters) - The annual Def Con hacking convention has asked the U.S. federal government to stay away this year for the first time in its 21-year history, saying Edward Snowden's revelations have made some in the community uncomfortable about its presence. "It would be best for everyone involved if the Feds call a 'time-out' and not attend Def Con this year," conference founder Jeff Moss said in an announcement posted Wednesday night on the convention's website. ... Full Story | Top |
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