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| Governments to target tech giants' tax avoidance: draft Friday, Jul 05, 2013 11:45 AM PDT  By Gernot Heller and Tom Bergin BERLIN/LONDON (Reuters) - Western governments are set to target a range of tax loopholes used by technology giants including Apple, Amazon as part of an international drive to tackle corporate tax avoidance, a draft action plan seen by Reuters said. The Organisation for Economic Co-operation and Development (OECD), which advises its mainly rich nation members on economic and tax policies, has been charged by the G20 group of countries with formulating measures to stop big companies shifting profits into tax havens. ... Full Story | Top |
| Dell shares fall as investors bet against higher buyout bid Friday, Jul 05, 2013 10:29 AM PDT  (Reuters) - Shares of Dell Inc fell more than 3 percent on Friday, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition. A deteriorating outlook for the PC industry has made a deal more challenging, and the buyout group is currently not planning to increase its $13.65 per share offer to take Dell private, people familiar with the matter said on Wednesday. ... Full Story | Top |
| BlackBerry investors to turn up the heat on management Friday, Jul 05, 2013 08:41 AM PDT  By Euan Rocha and Nadia Damouni TORONTO/NEW YORK (Reuters) - BlackBerry will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28 percent plunge in the Canadian smartphone maker's share price. Sales of BlackBerry's make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts' expectations and offered little evidence that the company can quickly win back market share from Apple Inc's iPhone, Samsung's Galaxy devices, and other phones powered by Google Inc's Android operating system. ... Full Story | Top |
| S&P cuts Nokia rating further on Siemens venture buyout Friday, Jul 05, 2013 05:14 AM PDT  LONDON, July 5 (IFR) - Standard & Poor's downgraded Nokia further into junk territory on Friday, warning that the Finnish telecom firm's plan to take over Siemens AG's stake in their joint network equipment venture would strain its finances. The ratings agency downgraded the one-time tech darling by one notch to B+ from BB- citing pressure on its net cash after Nokia said on Monday it would buy Siemens's 50 percent share in Nokia Siemens Networks. Nokia is betting on the technology to run 4G networks as it struggles in the smartphones business. ... Full Story | Top |
| Panasonic to buy stake in Slovenia's Gorenje Friday, Jul 05, 2013 05:03 AM PDT  By Marja Novak LJUBLJANA (Reuters) - Japanese consumer electronics firm Panasonic Corp will buy up to 13 percent of Gorenje, one of the biggest household appliance makers in Eastern Europe, as it aims to tap growing demand in the region. Panasonic is pulling away from unprofitable consumer electronics and wants to be number one in appliances, pitting the company against the likes of Whirlpool Corp and Electrolux. It also wants to tap into growing demand in emerging markets in Europe, particularly Russia. The maker of Viera televisions will pay 10 million euros ($12. ... Full Story | Top |
| Rivals to loom large over HTC sales, third-quarter growth seen flat Friday, Jul 05, 2013 01:41 AM PDT  By Clare Jim TAIPEI (Reuters) - HTC Corp may not sustain sales growth into the third-quarter as the glow around the Taiwanese smartphone maker's flagship model is likely to be eclipsed by new products from bigger rivals Apple Inc and Samsung Electronics Co Ltd. Strong sales of the latest version of the HTC One, as well as the colorful Butterfly range, boosted HTC's second-quarter net profit surged to T$1.25 billion ($41.63 million) from a record low in the previous quarter when a shortage of camera components delayed its product launch. ... Full Story | Top |
| Japan's DoCoMo holds out to iPhone mania, but at what cost? Thursday, Jul 04, 2013 11:49 PM PDT  By Sophie Knight and Maki Shiraki TOKYO (Reuters) - NTT DoCoMo Inc, Japan's largest mobile provider and a pioneer of the mobile Internet, is one of just a few holdouts among the world's big mobile carriers not offering Apple Inc's iPhone to its 60 million customers. It is paying heavily for that obstinacy - with a net 3.2 million users jumping ship to its two domestic rivals over the last 4-1/2 years - but is determined to protect the walled garden of services it has built around its own smartphones. ... Full Story | Top |
| UK teams with defense and telecom companies on cyber security Thursday, Jul 04, 2013 10:30 PM PDT By Brenda Goh LONDON (Reuters) - Nine of the world's biggest weapon makers and telecoms providers are teaming up with Britain to bolster the country's cyber security, aiming to tackle the increasing threat of hacking and other such attacks. Britain made cyber security one of its top national defence priorities in 2010, citing the growing menace of digital attacks from criminals and state-sponsored overseas groups. ... Full Story | Top |
| Samsung Electronics' second quarter misses forecast as smartphone worries deepen Thursday, Jul 04, 2013 08:59 PM PDT  By Miyoung Kim SEOUL (Reuters) - Samsung Electronics Co Ltd missed already modest expectations for its quarterly earnings guidance on Friday, deepening worries that its smartphone business may have peaked, as growth in sales of its blockbuster Galaxy phones begins to wane and new rivals emerge to eat away at its market share. The Galaxy S, powered by Google's free Android platform, propelled the South Korean firm into the top rank of smartphone makers in 2012, overtaking Apple Inc whose iPhone had set an industry standard five years earlier. ... Full Story | Top |
| Samsung estimates second-quarter profit at record high, misses forecast Thursday, Jul 04, 2013 04:46 PM PDT SEOUL (Reuters) - Samsung Electronics Co Ltd estimated its April-June operating profit rose 47 percent to a record 9.5 trillion won ($8.3 billion), lifted by the late April launch of its flagship Galaxy S4 smartphones. The guidance - released ahead of full quarterly results due by July 26 - was worse than an average forecast of 10.16 trillion won by 43 analysts polled by Thomson Reuters I/B/E/S. Samsung estimated its second-quarter sales at 57 trillion won, versus a market forecast for 58.7 trillion won. (Reporting by Miyoung Kim; Editing by Stephen Coates) Full Story | Top |
| Samsung on track for record second-quarter profit as smartphone peak looms Thursday, Jul 04, 2013 04:35 PM PDT  By Miyoung Kim SEOUL (Reuters) - Smartphone leader Samsung Electronics Co Ltd is set to report a record $8.9 billion quarterly profit on Friday, even as growth in sales of its blockbuster Galaxy series begins to wane and new rivals emerge to eat away at its market share. The Galaxy S, powered by Google's free Android platform, propelled the South Korean firm into the top rank of smartphone makers in 2012, overtaking Apple Inc whose iPhone had set an industry standard five years earlier. ... Full Story | Top |
| UK teams with defence and telecom companies on cyber security Thursday, Jul 04, 2013 04:01 PM PDT By Brenda Goh LONDON (Reuters) - Nine of the world's biggest weapon makers and telecoms providers are teaming up with Britain to bolster the country's cyber security, aiming to tackle the increasing threat of hacking and other such attacks. Britain made cyber security one of its top national defence priorities in 2010, citing the growing menace of digital attacks from criminals and state-sponsored overseas groups. ... Full Story | Top |
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