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| Ex-NCAA athletes score court victory over EA video games Wednesday, Jul 31, 2013 12:32 PM PDT  By Jonathan Stempel (Reuters) - A divided U.S. federal appeals court rejected Electronic Arts Inc's effort to throw out a lawsuit by former collegiate athletes who accused the company of using their images in video games without permission. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said EA's use of the athletes' likenesses in its NCAA Football and NCAA Basketball games did not deserve protection as free expression under the First Amendment of the U.S. Constitution. ... Full Story | Top |
| Fidelity Contrafund sours on Apple, bolsters Tesla bet Wednesday, Jul 31, 2013 11:27 AM PDT BOSTON (Reuters) - Fidelity Contrafund manager Will Danoff cut his stake in Apple Inc 28 percent during the first half of the year, citing the iPhone maker's "slowing growth profile." The star stockpicker remained bullish on Google Inc and on Tesla Motors Inc's "disruptive technology and superior business model," according to his latest monthly commentary for investors. Danoff remains Apple's largest active shareholder, only passive index and exchange-traded funds have larger stakes. His Contrafund owned 8.3 million shares of Apple at the end of June valued at $3. ... Full Story | Top |
| Dell's buyout teeters as it rejects voting change Wednesday, Jul 31, 2013 11:00 AM PDT  By Greg Roumeliotis NEW YORK (Reuters) - Michael Dell's and Silver Lake's $24.4 billion bid to take Dell Inc private suffered a blow on Wednesday after the company's special committee rejected their request to change the voting rules in exchange for them offering $150 million more. Dell shares fell more than 4 percent to as low as $12.28, their lowest level since news of the takeover broke on January 14, highlighting uncertainty among shareholders about the deal's prospects. ... Full Story | Top |
| Chinese hackers target remote conferencing gear: Dell researchers Wednesday, Jul 31, 2013 10:02 AM PDT By Joseph Menn SAN FRANCISCO (Reuters) - A Chinese hacking group tied to the breach of security company RSA two years ago has targeted a maker of audio-visual conference equipment in a likely attempt to tap into boardroom and other high-level remote meetings. Security researchers at Dell Inc's SecureWorks unit were able to monitor the computers used by the group to process communications from machines infected with stealthy software for stealing data, according to a paper they are releasing today. ... Full Story | Top |
| NBC Universal's fortune reversal lifts Comcast results Wednesday, Jul 31, 2013 09:56 AM PDT  By Liana B. Baker (Reuters) - Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 percent increase in operating cash flow at its NBC Universal unit. Its shares rose more than 6 percent in morning trading to $45.30 on the better-than-expected results. Analysts said Comcast's cable business outperformed in what is generally a seasonally weak quarter for the industry, when colleges close for the summer and people disconnect cable service ahead of a move. ... Full Story | Top |
| U.S., China team up to seize counterfeit goods in joint operation Wednesday, Jul 31, 2013 09:35 AM PDT  By Deborah Charles WASHINGTON (Reuters) - The United States and China have joined forces in a combined operation to crack down on counterfeit goods, seizing more than 243,000 fake electronics products, including popular consumer items made by Apple, Samsung, Dr Dre and Blackberry. U.S. Customs and Border Protection said the month-long operation was the biggest bilateral customs enforcement effort ever conducted by the United States. It focused on seizures of goods in ports as they were exported from China or imported into the United States. While the operation resulted in only one arrest, U.S. ... Full Story | Top |
| SEC investigating IBM over cloud revenue Wednesday, Jul 31, 2013 09:07 AM PDT  NEW YORK (Reuters) - U.S. regulators are investigating how International Business Machines Corp reports revenue from its cloud computing business, the company said on Wednesday. IBM said it learned of the investigation, being conducted by the U.S. Securities and Exchange Commission, in May. The company made the disclosure in its quarterly report filed with the SEC. It gave no details on the probe. IBM, which does not break out its cloud computing revenue separately, has said it aims to generate $7 billion annually in revenue from cloud services by the end of 2015. ... Full Story | Top |
| Music streamer Spotify doubles 2012 revenues after expansion Wednesday, Jul 31, 2013 07:15 AM PDT  STOCKHOLM (Reuters) - Music streaming web service Spotify more than doubled revenues in 2012 to 435 million euros ($577 million) as it expanded to new markets and almost doubled its users, documents showed on Wednesday. The Stockholm-based company, which provides free on-demand music or ad-free tunes for paying customers, posted a 58.7 million euro net loss, compared with the 45.4 million loss it had in 2011 on turnover of 190 million. ... Full Story | Top |
| Exclusive: Pentagon's chief weapons buyer builds Japan ties as it eyes arms exports Wednesday, Jul 31, 2013 03:24 AM PDT  By Tim Kelly TOKYO (Reuters) - The U.S. Defense Department's chief weapons buyer, Frank Kendall, will on Thursday meet officials in Tokyo overseeing Japan's defense contractors, his first visit with industry regulators reviewing the pacifist nation's decades-old ban on overseas arms sales. The under secretary of defense for acquisitions, technology and logistics will meet officials at the Ministry of Economy Trade and Industry, a spokesman for the U.S. military said. He will also visit the foreign affairs and defense ministries. ... Full Story | Top |
| Apple CEO met China Mobile head, discussed cooperation Wednesday, Jul 31, 2013 01:45 AM PDT  By Paul Carsten and Lee Chyen Yee BEIJING/SINGAPORE (Reuters) - Apple Inc CEO Tim Cook on Tuesday met with the head of China Mobile Ltd, the world's largest mobile carrier by subscribers and the only Chinese carrier that doesn't offer iPhones and iPads. The meeting with China Mobile Chairman Xi Guohua in Beijing was to discuss matters of cooperation, the Chinese firm told Reuters in an emailed statement. It gave no further details. The talks could pave the way for a long-awaited deal for China Mobile to distribute Apple products on its vast network, benefitting both companies. ... Full Story | Top |
| Nintendo keeps 2013/14 Wii U sales forecast unchanged at 9 million Wednesday, Jul 31, 2013 01:24 AM PDT  TOKYO (Reuters) - Nintendo Co said on Wednesday it has kept its Wii U game machine sales forecast for the year through March 2014 unchanged at 9 million consoles, although sales during the April-June first quarter were a modest 160,000 machines. Nintendo, which began by making playing cards in the late 19th century, is counting on the new Wii U to revive its fortunes. The creator of the Super Mario franchise sold 1.4 million 3DS handheld consoles in the quarter compared with 1.86 million during the same period a year earlier. (Reporting by Shinichi Saoshiro; Editing by Edmund Klamann) Full Story | Top |
| Panasonic: in talks with potential partners to sell part of healthcare unit Wednesday, Jul 31, 2013 01:22 AM PDT  TOKYO (Reuters) - Panasonic Corp said on Wednesday it is in talks with various potential partners to sell a part of its healthcare unit, through which it could raise as much as $1 billion. The Japanese electronics maker, however, said it would like to keep a stake in the healthcare unit. Panasonic reported a two-third increase in its operating profit in the April-June quarter as it reaps the benefits of shifting away from consumer electronics and into products for businesses, such as automotive systems and housing fixtures. ... Full Story | Top |
| Isis eyes nationwide mobile payments launch this year Tuesday, Jul 30, 2013 07:02 PM PDT NEW YORK (Reuters) - Isis, a venture of three of the top U.S. mobile providers, said on Tuesday it would expand its much-delayed mobile payments service nationwide later in 2013 after it tested the concept with consumers in two markets. Isis, formed by Verizon Wireless, AT&T Inc and T-Mobile US, is a so-called mobile wallet service that allows consumers to make payments by waving their phone at a check-out terminal, instead of using a plastic card. ... Full Story | Top |
| Ex-workers sue Apple, seek overtime for daily bag searches Tuesday, Jul 30, 2013 06:52 PM PDT  SAN FRANCISCO (Reuters) - Two former Apple Inc employees have accused the iPhone maker in a lawsuit of subjecting hourly store workers to daily searches while they were off-the-clock, arguing they should be compensated. The "screenings" or bag searches, designed to discourage theft, are conducted every time sales reps leave the store, including for meal breaks, the plaintiffs alleged in a lawsuit filed July 25 in a San Francisco federal court. They are seeking unpaid wages, overtime compensation and other penalties related to what they say is a customary practice across Apple's U.S. showrooms. ... Full Story | Top |
| Microsoft losing money on Surface tablets Tuesday, Jul 30, 2013 04:04 PM PDT  SEATTLE (Reuters) - Microsoft Corp's Surface tablets have yet to make any profit as sputtering sales have been eclipsed by advertising costs and an accounting charge, according to the software company's annual report. The two tablet models, introduced in October and February to challenge Apple Inc's popular iPad, have so far brought in revenue of $853 million, Microsoft revealed for the first time in its annual report filed with regulators on Tuesday. ... Full Story | Top |
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