EU seeks rivals' feedback on Facebook, WhatsApp deal
By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators are asking Facebook's rivals and telecoms operators whether the world No. 1 online social network's proposed $19 billion bid for mobile messaging startup WhatsApp will lead to price hikes and curb innovation. The move came after Facebook sought EU approval for the deal, the largest in its 10-year history, which will give it a strong foothold in the fast-growing mobile messaging market and pit it against telecoms companies. The European Commission said on Monday it will decide by Oct. 3 whether to clear the deal unconditionally, demand concessions or extend the preliminary review into a wider probe. In a questionnaire sent to third parties and seen by Reuters, the EU regulator asked if the deal would have a negative, neutral or positive impact on users and customers in mobile messaging and social networks.
Mon, 01 Sep 2014 13:47:12 -0400
China gives Microsoft 20 days to provide explanation in anti-trust probe
A 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
(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
By 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
By 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
Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission
By Nate Raymond NEW YORK (Reuters) - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. Shrem, the former vice chairman of the Bitcoin Foundation, will plead guilty next Thursday in New York federal court to unlicensed money transmission, Marc Agnifilo, his lawyer told Reuters in an email. Prosecutors had previously charged Shrem with operating an unlicensed money transmitting business, money laundering conspiracy and failing to file suspicious activity reports with government banking authorities. Federal authorities shut down Silk Road last year, though a new Internet marketplace under the same name was launched in November.
Fri, 29 Aug 2014 20:25:46 -0400
Man dumps liquid nitrogen on his head in most dangerous Ice Bucket Challenge video yet
The band members of Spinal Tap always talked about the fine line between stupid and clever, and thats about all we can think ofwhile watching this latest Ice Bucket Challenge video produced by chemistMuhammad Qureshi, who decided to one-up everyone else who has taken the challenge so far by pouring liquid nitrogen all over his head. FROM EARLIER: Stephen Hawking delivers the most heartwarming Ice Bucket Challenge video yet For those of you who dont know your science, nitrogen has to be very cold before it becomes a liquid it has a boiling point of321F and a freezing point of346F, so any liquid nitrogen you encounter will be within that temperature range. BecauseQureshi knows what hes doing, however, he
Mon, 01 Sep 2014 21:15:33 -0400
NASA is building an air traffic control system for drones
NASA is developing an air traffic control system for drones.The New York Times reports the US space agency is working on creating a management system for vehicles that fly at around 400 to 500 feetoff the ground much lower than conventional aircraft at its Moffett Field base around four miles from Google's Mountain View headquarters. The system would check for other low-flying drone traffic, help the small unmanned vehicles avoid buildings, and scan for adverse weather conditions that might knock a drone out of the sky. NASA's drone traffic control centers will be automated While the drone system would follow the same principles as full-fledged air traffic control, the NYT says its control center would be fully automated.
Mon, 01 Sep 2014 21:04:06 -0400
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