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EU regulators to decide on Facebook, WhatsApp deal by Oct. 3

Illustration photo shows "likes" on WhatsApp's Facebook page displayed on a laptop screen in ParisBRUSSELS (Reuters) - European Union antitrust regulators will decide by Oct. 3 whether to clear world No. 1 online social network Facebook's $19 billion offer for mobile messaging startup WhatsApp, the European Commission said on Monday. Facebook requested EU approval last week, the Commission's website showed. The EU competition watchdog can either clear the deal unconditionally, demand concessions or extend the preliminary review into a wider probe. Facebook expects to close the deal, its largest in its 10-year history, this year. U.S. ...

Mon, 01 Sep 2014 05:48:24 -0400
China gives Microsoft 20 days to provide explanation in anti-trust probe

People visit the Microsoft booth during the 2014 Computex exhibition at the TWTC Nangang exhibition hall in TaipeiA Chinese anti-trust regulator said on Monday it has given Microsoft Corp 20 days to reply to queries on the compatibility of its Windows operating system and Office software suite amid a probe into the world's largest software company. The State Administration for Industry and Commerce (SAIC) questioned Microsoft Vice President David Chen and gave the company a deadline to make an explanation, the agency said in a short statement on its website. Microsoft is one of at least 30 foreign companies that have come under scrutiny by China's anti-monopoly regulators as the government seeks to enforce its six-year old antitrust law. According to a state media report on Monday, Microsoft's use of verification codes also spurred complaints from Chinese companies.

Mon, 01 Sep 2014 06:00:52 -0400
New Apple iPhone to have 'mobile wallet' function: Bloomberg

The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco(Reuters) - Apple Inc plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation. The agreement includes participation by Visa Inc., MasterCard Inc and American Express Co and will be announced Sept. 9 along with unveiling of the next iPhone, according to the source, who Bloomberg said asked not to be identified because the talks are private.

Mon, 01 Sep 2014 04:47:48 -0400
Swatch prefers go-it-alone route for smartwatch plans

The logo of Swiss watchmaker Swatch is seen on the door of a Swatch watches shop in StrasbourgBy Silke Koltrowitz BIEL (Switzerland) (Reuters) - Swatch Group is happy to go it alone with a launch next year of watches with "smart" features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion. Swatch Chief Executive Nick Hayek said these new watches might allow the wearer to count the number of steps they take and calories they burn. "All the big technology firms want to work with us and I don't rule out that we are or could be collaborating in some areas. Apple Inc has just invited media to a "special event" next month, fuelling speculation it might present a much-anticipated "iWatch." The possibility of an iWatch launch is partly responsible for Swatch shares losing almost 15 percent so far this year, lagging a 3 percent rise in the European sector.

Sun, 31 Aug 2014 05:20:31 -0400
Telecom Italia in a bind after losing GVT bid battle

People walk past a Telecom Italia phone booth in RomeBy Leila Abboud, Pamela Barbaglia and Stephen Jewkes PARIS/LONDON/MILAN (Reuters) - Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry. Winning the auction for French media company Vivendi's GVT was vital for both Telecom Italia and its rival, Spain's Telefonica, as their European markets have been shrinking. Italy was gripped by a mobile price war for much of last year, revenue is falling and competition remains tough. Telecom Italia lost out to Telefonica as it could not afford to top its 7.45-billion-euro offer for GVT.

Sun, 31 Aug 2014 10:00:04 -0400
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