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| Zynga, seeking salvation, names Microsoft Xbox head as CEO Tuesday, Jul 02, 2013 12:06 PM PDT  By Gerry Shih and Malathi Nayak SAN FRANCISCO (Reuters) - Zynga Inc's decision to bring in the head of Microsoft Corp's Xbox business to replace founder Mark Pincus is a bold stroke that was hailed on Wall Street, but it still leaves questions as to who is ultimately in charge at the troubled game-maker. Don Mattrick was personally recruited by Pincus. But Pincus holds on to 61 percent of the voting rights due to a two-tiered stock structure and will remain Zynga's chairman and its chief product officer. ... Full Story | Top |
| Telecom Italia, Hutchison talks stalled ahead of board meeting: sources Tuesday, Jul 02, 2013 10:02 AM PDT  By Danilo Masoni and Leila Abboud MILAN/PARIS (Reuters) - Hutchison Whampoa is losing patience with Telecom Italia over lack of progress on a proposed merger of their Italian mobile phone units, people familiar with the talks said, casting doubt on prospects for a deal. The Hong Kong-based conglomerate, backed by Asian magnate Li Ka Shing, favors consolidation to bolster its position in its six European markets and is eager to do a deal in Italy, where it is the smallest mobile operator with a 10 percent market share. ... Full Story | Top |
| JP Morgan leads Nokia's 1.2 billion euro acquisition loan: sources Tuesday, Jul 02, 2013 08:42 AM PDT  By Alasdair Reilly LONDON (Reuters) - JP Morgan is leading the 1.2 billion euro ($1.56 billion) loan backing Finnish mobile handset maker Nokia's 1.7 billion euro acquisition of Siemens' 50 percent stake in joint-venture Nokia Siemens Networks (NSN), banking sources said. The new financing will cover the 1.2 billion euro cash portion due at the closing of the acquisition, with the balance to be paid in the form of a 500 million euro, one-year secured loan from Siemens. The acquisition is expected to close in the third quarter of 2013. Nokia is rated BB- by Standard & Poor's and Ba3 by Moody's. ... Full Story | Top |
| Analysis: Investors buy into software-defined networks, will customers follow? Tuesday, Jul 02, 2013 08:06 AM PDT  By Sayantani Ghosh (Reuters) - As Superstorm Sandy bore down on the East coast last year, companies with data centers in its path needed another location fast. But moving computer servers is tricky, and usually planned over days or weeks. Enter a new technology: software-defined networking, or SDN. Such urgent data moves could now be done within a few hours. Investors, including some of the world's biggest technology companies, are buying into the start-ups behind SDN, a technology that allows users to substitute some of the most complex hardware functions in server switches with software. ... Full Story | Top |
| Bahrain to study restrictions on VoIP services Tuesday, Jul 02, 2013 04:00 AM PDT By Matt Smith DUBAI (Reuters) - Bahrain is to study whether to restrict Internet-based telecom services, the communications minister of the restive Arab state told Reuters, although no final decision was imminent. Internet-based communications including Voice over Internet Protocol (VoIP), instant messaging and social media helped activists launch and nurture the uprisings that toppled long-standing rulers in Tunisia, Egypt and Libya in 2011. ... Full Story | Top |
| Apple plans Nevada solar farm in clean energy push for data centers Monday, Jul 01, 2013 06:59 PM PDT  (Reuters) - Apple Inc said it plans to build a new solar farm with NV Energy Inc for power supply to its new data center in Reno, Nevada, a major step towards its goal of having its data centers run on renewable energy. Apple and other technology companies such as Amazon.com Inc and Microsoft Corp, that build and run computer server farms have come under criticism for their high consumption of electricity and other resources. These data centers cater to an explosion in Internet traffic, streaming content through mobile devices and hosting of services to corporations. ... Full Story | Top |
| Microsoft Xbox head named Zynga CEO Monday, Jul 01, 2013 02:50 PM PDT  By Gerry Shih and Malathi Nayak SAN FRANCISCO (Reuters) - Games publisher Zynga Inc has replaced chief executive Mark Pincus with Don Mattrick, the Microsoft Corp executive who headed the critical Xbox business, Zynga announced on Monday. The news, reported first by AllThingsD, sent Zynga shares up more than 11 percent earlier in the day. The shares rose a further 3 percent to $3.17 when Zynga confirmed the appointment after the bell. ... Full Story | Top |
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