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| Yahoo results take back seat as Alibaba drives target upgrades Wednesday, Jul 17, 2013 11:44 AM PDT  (Reuters) - Yahoo Inc shares surged 8 percent to a new five-year high on Wednesday, as investors ignored the Web portal's struggling business and cheered the strong performance of its investment in Alibaba Group. The Chinese e-commerce giant, in which Yahoo owns a 24 percent stake, nearly tripled its net income in the first three months of the year and increased its revenue by 71 percent. Yahoo did not provide any details about what was responsible for the strong performance of the privately-held Alibaba Group, which is widely expected to have a public offering later this year or in 2014. ... Full Story | Top |
| Russian mobile operators stop selling Apple's iPhone, report says Wednesday, Jul 17, 2013 11:33 AM PDT  MOSCOW (Reuters) - Russia's top three mobile operators, Megafon, MTS and Vimpelcom, have stopped selling Apple Inc's iPhone, the Financial Times reported on Wednesday. Vimpelcom ended negotiations with Apple over iPhone sales this month as the U.S. company would not soften its contract terms, the paper said, citing a person close to the operator. MTS ended its contract in June but is in discussions with Apple about resuming iPhone sales, the paper said, citing the company without specifying who gave the information. ... Full Story | Top |
| Chinese position forced suspension of tech trade talks: U.S. Wednesday, Jul 17, 2013 11:12 AM PDT  WASHINGTON (Reuters) - The top U.S. trade official on Wednesday said talks aimed at cutting tariffs on a new generation of technology products have been suspended because of China's demand to exclude more than 100 products from the tariff cuts. China is one of 20 World Trade Organization members, along with the United States and the 28-nation European Union, that have been negotiating for months to expand the 1996 Information Technology Agreement to include products ranging from flat-screen televisions to the latest semiconductors. ... Full Story | Top |
| EU demands more concessions from Google to settle case Wednesday, Jul 17, 2013 04:53 AM PDT  By Foo Yun Chee BRUSSELS (Reuters) - Google must do more to allay concerns that it is blocking competitors in web search results, the EU's antitrust chief said on Wednesday, after rivals criticized concessions it has offered as being inadequate. The world's most popular search engine submitted proposed concessions to the European Commission in April to end a three-year investigation and responded on Wednesday that its proposal "clearly addresses" areas of concern. ... Full Story | Top |
| NEC talks on Lenovo mobile phone venture stalled: source Wednesday, Jul 17, 2013 04:02 AM PDT  TOKYO (Reuters) - Japanese electronics company NEC Corp's talks with Lenovo Group Ltd over a mobile phone venture have stalled due to disagreements over majority ownership and patents, a source familiar with the matter said on Wednesday. The Nikkei business newspaper reported that NEC planned to exit its loss-making smartphone business after a mobile phone deal with Lenovo, already a partner in the personal computer business, failed to materialize. ... Full Story | Top |
| Plunging ad prices underscore doubts over Yahoo turnaround plan Tuesday, Jul 16, 2013 08:26 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Marissa Mayer's plan to resuscitate Yahoo seems a simple one: get back the eyeballs, sell more ads and charge higher prices. But the chief executive's plan seems to have run into a major snag. The price the company charges per ad slid 12 percent in the April to June period, six times the decline just a quarter ago - a fall that some say highlights how Yahoo has been caught unprepared for the industry shift to automated, programmatic ad buying. ... Full Story | Top |
| In setback for broadcasters, U.S. court won't rehear Aereo appeal Tuesday, Jul 16, 2013 05:57 PM PDT By Erin Geiger Smith NEW YORK (Reuters) - In another win for Barry Diller's IAC-backed Aereo Inc, a U.S. appeals court declined on Tuesday to rehear an appeal by the major broadcasters seeking to temporarily shut down the online television start-up. The broadcasters, including Walt Disney Co's ABC and Comcast Corp's NBCUniversal, contend Aereo infringes their copyrights. In April, a panel of the U.S. 2nd Circuit Court of Appeals refused to close down Aereo while a lawsuit over the service continued in Manhattan federal court. ... Full Story | Top |
| Ford to update software on hybrids to boost mileage Tuesday, Jul 16, 2013 05:06 PM PDT  By Deepa Seetharaman DEARBORN, Michigan (Reuters) - Ford Motor Co will offer free software updates on its hybrid models to boost their real-world fuel economy and better align with the gas mileage advertised on the window sticker, a company executive said on Tuesday. Among the improvements, Ford plans to increase the maximum all-electric speed on those vehicles from 62 miles per hour to 85 mph. This will boost fuel efficiency by allowing the car to rely on the lithium-ion battery for a longer period of time. The move affects the Ford C-Max and Fusion as well as the Lincoln MKZ hybrids. ... Full Story | Top |
| Secret court sides with Yahoo, orders U.S. to declassify Prism surveillance ruling Tuesday, Jul 16, 2013 05:03 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - A secret U.S. court overseeing government domestic surveillance activities has sided with Yahoo Inc and ordered the Obama administration to declassify and publish a 2008 court decision justifying Prism, the data collection program revealed last month by former security contractor Edward Snowden. The ruling could offer a rare glimpse into how the government has legally justified its spy agencies' data collection programs under the Foreign Intelligence Surveillance Act (FISA). ... Full Story | Top |
| European Commission proposal calls for cap on card transaction fees: FT Tuesday, Jul 16, 2013 04:44 PM PDT  (Reuters) - The European Commission is considering a plan to cut lucrative debit and credit card transaction fees set by companies including Visa and MasterCard, the Financial Times reported on Tuesday. The plan stops short of a full-fledged ban on debit card fees, as had been contemplated in earlier versions, but would still come as a setback to the payments industry, the paper reported after seeing the latest revision of the plan. ... Full Story | Top |
| Dell founder stands firm on buyout offer as vote delay mulled Tuesday, Jul 16, 2013 04:24 PM PDT  By Greg Roumeliotis and Soyoung Kim (Reuters) - Dell Inc founder Michael Dell and his private equity partner Silver Lake would not raise their $24.4 billion bid for the world's No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said on Tuesday. The outcome of a shareholder vote scheduled for Thursday on the offer is too close to call. Dell may decide to delay the vote to gain time to win support for the deal, a person familiar with the matter said earlier on Tuesday. ... Full Story | Top |
| Dell buyout vote delay would not lead to higher offer: sources Tuesday, Jul 16, 2013 02:47 PM PDT  (Reuters) - Dell Inc Chief Executive Michael Dell and his private equity partner Silver Lake would decline to raise their $24.4 billion bid for the world's No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said on Tuesday. Dell may decide to delay a shareholder vote scheduled for Thursday, July 18, on the offer as the company's special board committee now sees the outcome as too close to call, a person familiar with the matter said earlier on Tuesday. ... Full Story | Top |
| T-Mobile to compete for Leap users 'the old fashioned way': executive Tuesday, Jul 16, 2013 01:28 PM PDT By Sinead Carew NEW YORK (Reuters) - T-Mobile US hopes to win over Leap Wireless customers by competing for them "the old fashioned way," a top executive for T-Mobile US said on Tuesday. Some analysts had speculated that T-Mobile or another company could make a counteroffer for Leap, after AT&T Inc's proposed purchase of Leap for $1.2 billion, or $15 per share. T-Mobile US Chief Marketing Officer Mike Sievert declined to say whether his company would put in a bid for Leap. ... Full Story | Top |
| Microsoft asks U.S. to let it disclose security requests Tuesday, Jul 16, 2013 01:23 PM PDT  SEATTLE (Reuters) - Microsoft Corp said on Tuesday it has written to the U.S. Attorney General to ask for more freedom to disclose how it handles requests for customer data from national security organizations. The appeal comes a week after the Guardian newspaper reported that Microsoft allowed U.S. security agencies to circumvent encryption of Outlook emails and capture Skype online chats, citing leaked documents provided by Edward Snowden. ... Full Story | Top |
| U.S. groups say China jeopardizing new technology trade pact Tuesday, Jul 16, 2013 01:11 PM PDT WASHINGTON (Reuters) - A U.S. industry group accused China on Tuesday of jeopardizing international negotiations to eliminate tariffs on close to 260 technology products by asking to exclude more than 100 of the products from the proposed deal to protect domestic manufacturers. China is one of 20 World Trade Organization members, along with the United States and the 27-nation European Union, that has been negotiating for months to expand the 1996 Information Technology Agreement (ITA). ... Full Story | Top |
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