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| EU regulator intensifies scrutiny of Google search results Tuesday, Jul 30, 2013 12:34 PM PDT  By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators sharpened their scrutiny of how Google ranks its web search results, asking rivals whether their lower rankings affected the number of visitors to their sites, a European Commission questionnaire showed. The two-page document seen by Reuters came after the EU competition authority demanded more concessions from the world's most popular search engine earlier this month to allay concerns that it blocks competitors in search results. ... Full Story | Top |
| 3D Systems profit miss, slowing margin growth weigh on shares Tuesday, Jul 30, 2013 09:34 AM PDT By Sruthi Ramakrishnan (Reuters) - 3D Systems Corp's quarterly profit miss and concerns over slowing growth in its gross margin pushed shares of the 3D printer maker down 11 percent in early trading. Analysts said 3D Systems may not be able to meet its full-year forecast due to the slowing growth in its high-margin printing materials business. Revenue from the high-margin print materials rose only 11.8 percent to $29.3 million in the quarter, compared with a 60 percent jump a year earlier. ... Full Story | Top |
| Sprint posts wider quarterly loss on steep costs Tuesday, Jul 30, 2013 08:32 AM PDT  By Sinead Carew NEW YORK (Reuters) - Sprint Corp , the No. 3 U.S. mobile service provider, posted a wider quarterly loss due to hefty costs from shutting down its older Nextel network and it warned that customer defections would continue to hurt it in coming quarters. Shares in Sprint, which recently sold 78 percent of its shares to Japan's SoftBank Corp , rose 1 percent on Tuesday morning as its revenue was better than expected. ... Full Story | Top |
| Time Warner Cable teases CBS with blackout; then retreats Tuesday, Jul 30, 2013 06:10 AM PDT  By Liana B. Baker (Reuters) - Time Warner Cable Inc has agreed to keep the CBS network on the air in New York and Los Angeles until the end of the week after it briefly blacked out CBS's stations in some areas on Tuesday when the two sides failed to reach an agreement. Negotiations between CBS and Time Warner Cable continued after midnight in New York, according to a spokeswoman for the cable operator. The companies agreed to an extension with CBS until Friday, August 2, at 5 p.m. EDT. ... Full Story | Top |
| Czech regulator sees more potential bidders in 4G auction Tuesday, Jul 30, 2013 05:59 AM PDT PRAGUE (Reuters) - The Czech telecoms regulator has had talks with potential bidders in an auction of mobile spectrum frequencies besides those that took part in an aborted sale in March, the office said on Tuesday. The Czech Telecommunications Office (CTU) expects to start a new auction of frequencies to build fourth-generation mobile networks, marketed as 4G LTE, by the middle of August. ... Full Story | Top |
| HTC warns of third-quarter revenue slide, turnaround prospects bleak Tuesday, Jul 30, 2013 04:36 AM PDT  By Michael Gold and Faith Hung TAIPEI (Reuters) - Taiwan's HTC Corp said third-quarter revenue could fall as much as 30 percent from the previous three months, far worse than expected and underscoring deepening troubles for a smartphone maker with little prospect of an immediate turnaround. A delayed launch for its much-hyped flagship phone, the HTC One, has only exacerbated inventory troubles and highlighted its lack of scale when compared to Samsung Electronics Co Ltd and Apple Inc at a time when the market for high-end phones is said to be approaching saturation. ... Full Story | Top |
| Corning revenue rises on Gorilla Glass sales Tuesday, Jul 30, 2013 04:35 AM PDT  (Reuters) - Gorilla Glass maker Corning Inc reported a 4 percent increase in quarterly revenue as demand rose for the scratch-resistant glass used in smartphones and tablets. Revenue rose to $1.98 billion from $1.91 billion. Net profit rose to $638 million, or 43 cents per share, in the second quarter from $474 million, or 31 cents per share, a year earlier. (Reporting By Lehar Maan in Bangalore; Editing by Joyjeet Das) Full Story | Top |
| SoftBank CEO says nothing decided on possible Alibaba IPO Tuesday, Jul 30, 2013 01:58 AM PDT  TOKYO (Reuters) - Softbank Corp CEO Masayoshi Son said on Tuesday no decision had been made regarding a possible initial public offering for Alibaba, China's and the world's largest Internet retailer which is 36.7 percent owned by the Japanese mobile carrier. "There is no firm plan for an Alibaba IPO and I will refrain from commenting," Son told a briefing on SoftBank's quarterly earnings. He had been asked about the impact on SoftBank of a planned Alibaba IPO in Hong Kong. ... Full Story | Top |
| Alcatel posts strong second-quarter, signs Qualcomm partnership Tuesday, Jul 30, 2013 01:26 AM PDT  By Leila Abboud PARIS (Reuters) - Struggling telecom equipment maker Alcatel-Lucent surfed on strong growth in its key U.S. market to beat analysts' estimates and said mobile chip maker Qualcomm would buy a minority stake as part of a research partnership. In the first full quarter under a new Chief Executive Michel Combes, the smaller competitor to Sweden's Ericsson and China's Huawei posted a quarterly sales rise of 1.9 percent to 3.61 billion euros ($4.78 billion). ... Full Story | Top |
| Britain losing battle against internet crime, MPs say Monday, Jul 29, 2013 07:21 PM PDT  By William James LONDON (Reuters) - Britain is losing the battle against cyber crime and needs a new crack crime unit to fight the growing problem in cooperation with its global partners, particularly the European Union, a panel of MPs said in a report on Tuesday. The Home Affairs Committee, which scrutinises the government's domestic policy, said the "state-of-the-art espionage response team" would encourage companies, banks and institutions to report hacking attempts to uncover the full extent of online crime and halt its rise. ... Full Story | Top |
| Britain losing battle against internet crime, lawmakers say Monday, Jul 29, 2013 04:03 PM PDT By William James LONDON (Reuters) - Britain is losing the battle against cyber crime and needs a new crack crime unit to fight the growing problem in cooperation with its global partners, particularly the European Union, a panel of lawmakers said in a report on Tuesday. The Home Affairs Committee, which scrutinizes the government's domestic policy, said the "state-of-the-art espionage response team" would encourage companies, banks and institutions to report hacking attempts to uncover the full extent of online crime and halt its rise. ... Full Story | Top |
| Time Warner Cable raises Internet modem fees for customers Monday, Jul 29, 2013 03:04 PM PDT  (Reuters) - Time Warner Cable said on Monday it has started notifying customers that it is raising the monthly fees to rent modems from the cable company. Subscribers on Time Warner's Cable's most popular Internet plan began paying $3.95 a month last November to lease a modem. The fee will rise to $5.99 a month starting in the next billing cycle for customers. The higher rate could generate an additional $150 million in revenue this year, according to ISI analyst Vijay Jayant. Time Warner Cable has roughly 12 million customers. ... Full Story | Top |
| BMW eases path to EV ownership to gain 'meaningful' sales Monday, Jul 29, 2013 02:50 PM PDT  By Andreas Cremer and Deepa Seetharaman LONDON/NEW YORK (Reuters) - BMW aims to win a "meaningful" segment of the electric car market with its i-series battery-powered models by offering luxurious styling and packages designed to help owners overcome the traditional hurdles to electric car ownership. Among the incentives offered by the world's biggest luxury carmaker is what it calls "BMW add-on mobility", which gives owners access to a pool of traditional gas-powered BMW vehicles to use on longer journeys when an electric car might not be practical. ... Full Story | Top |
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