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AT&T top buyer at U.S. airwaves auction; Dish spends big
WASHINGTON/SAN FRANCISCO (Reuters) - AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday. AT&T bid a total of $18.2 billion to win licenses of so-called AWS-3 spectrum. Dish itself did not win any licenses, but had invested in bidding partners SNR Wireless LicenseCo LLC and Northstar Wireless LLC, which bid a total of $13.3 billion. The two companies, backed also by financial firms including BlackRock Inc but with little to no revenue, had applied to receive a discount as small-business entities, bringing their net bid amount to $10 billion.
Fri, 30 Jan 2015 18:27:40 -0500
Fri, 30 Jan 2015 06:24:04 -0500
Uber will improve privacy, data security following report
By Sarah McBride SAN FRANCISCO (Reuters) - Ride service Uber, which is trying to enhance its image after several controversies, on Friday released the findings of a report on its handling of passenger data and said it would act on all the report's recommendations for improvements. Lawyers at Hogan Lovells, who wrote the report commissioned and paid for by Uber, found that the smartphone app-enabled service had appropriate guidelines and procedures in place for internal access control, data security and data retention. The report said Uber could improve privacy and data security by taking steps such as providing training for employees, making policies easier for customers to understand, and tightening access controls. Management at the San Francisco-based company, which announced the report's findings in a blog post, said on Friday it had already begun putting the recommendations into effect.
Fri, 30 Jan 2015 16:25:45 -0500
Alibaba meets with China regulator, controversial report retracted
(Reuters) - The head of China's commerce regulator met with Alibaba Group Holding Ltd chairman Jack Ma on Friday to discuss combating fake products, the official Xinhua news agency reported, with the two adopting a conciliatory tone after a row over illegal business on the Internet company's platforms. The meeting took place the same day the regulator, the State Administration for Industry and Commerce (SAIC), backtracked on an earlier report that had excoriated the Chinese online commerce company for not doing enough to suppress counterfeiting on its websites. SAIC issued what it called a "white paper" on Wednesday saying many products sold on Alibaba's websites infringed on trademarks, or were banned, substandard or fake. "The most recent SAIC posting speaks for itself.
Fri, 30 Jan 2015 20:34:33 -0500
IBM brings back bonuses for top execs even as profits slide
By Bill Rigby SEATTLE (Reuters) - International Business Machines Corp brought back annual performance bonuses for its chief executive and her top lieutenants for 2014 despite falling profits and a tumbling stock price, a regulatory filing showed on Friday. The technology company, which has posted lower revenue for 11 quarters in a row as it struggles to transform itself into a cloud-based software and services company, withheld annual bonuses in 2013 at the executives' own request. The bonuses returned as a feature of IBM's executive compensation for 2014, according to a document filed with securities regulators on Friday, despite the fact that IBM's net profit from continuing operations fell 7 percent last year and its stock shed about 14 percent. IBM CEO Virginia Rometty will get a $3.6 million annual incentive payout for 2014, according to the filing.
Fri, 30 Jan 2015 19:40:34 -0500
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