U.S. judge rejects Apple bid for injunction against Samsung
Apple won a $120 million jury verdict against Samsung earlier this year over three Apple patents. District Judge Lucy Koh in San Jose, California, on Wednesday denied Apple's request to stop Samsung from selling infringing features on its smartphones related to those patents. An Apple spokeswoman declined to comment on the ruling, a Samsung representative could not immediately comment.
Wed, 27 Aug 2014 16:20:22 -0400
Alibaba revenue soars ahead of IPO
Alibaba Group Holding Ltd's [IPO-BABA.N] revenue accelerated in the second quarter on strong gains in its mobile business, providing investors with what may be the final glimpse of the Chinese e-commerce company's financials before its expected landmark market debut. Alibaba, whose IPO could be the largest ever by a technology company, said mobile revenue was roughly a third of its total transaction volume in the three months ended June 30, up from 27.4 percent in the first three months of the year. Revenue in the second quarter increased 46 percent year-on-year to $2.54 billion, a faster pace than the 38.7 percent revenue growth that Alibaba posted in the first quarter. Net income attributable to Alibaba's ordinary shareholders nearly tripled to $1.99 billion, or 84 cents per share, in the quarter.
Wed, 27 Aug 2014 14:10:20 -0400
JPMorgan attacked by Russian computer hackers: report
(Reuters) - JPMorgan Chase & Co and at least one other bank were attacked by Russian hackers in mid-August and the FBI is investigating whether the assault was in retaliation for U.S.-government sponsored sanctions against the country, according to a report by Bloomberg News citing two unnamed sources. The attack resulted in the loss of sensitive data and authorities are investigating whether it was linked to recent infiltrations of major European banks, the report said, citing one of the sources. ...
Wed, 27 Aug 2014 16:12:40 -0400
Brazil telecom battle heats up as Oi tries to buy, split TIM
By Luciana Bruno and Leila Abboud RIO DE JANEIRO/PARIS (Reuters) - Brazils Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the countrys second-biggest wireless carrier and upstaging merger bids by foreign rivals. Oi said on Wednesday that it hired Brazilian investment bank and shareholder Grupo BTG Pactual SA to explore alternatives to acquire Telecom Italia SpA's 67 percent stake in TIM Participaes SA, the country's second biggest wireless carrier. Oi's plan is to bring in Mexico's America Movil SAB de CV and Spain's Telefonica SA in a deal to split TIM three ways, easing the financial and regulatory burdens of consolidation, according to two sources who asked not to be named due to the sensitivity of the deal.
Wed, 27 Aug 2014 15:49:30 -0400
Time Warner Cable suffers major outage; New York launches probe
The outage to all of its Internet customers across 29 states began at about 4:30 a.m. EDT, said company spokesman Bobby Amirshahi. The outage came at a critical time for Time Warner, which is working to win FCC approval of a $45 billion proposed merger with Comcast Corp, the largest U.S.
Wed, 27 Aug 2014 14:42:47 -0400
Workday's quarterly revenue rises 74 percent
(Reuters) - Workday Inc reported a 74 percent rise in quarterly revenue, helped by strong growth in subscriptions for its Web-based human resources software. However, the company's net loss widened to $69.2 million, or 38 cents per share, in the second quarter ended July 31 from $36 million, or 21 cents per share, a year earlier, as it spends on product development and sales and marketing. Excluding items, Workday posted a loss of 11 cents per share. Revenue rose to $186.8 million from $107.6 million a year earlier. ...
Wed, 27 Aug 2014 16:47:14 -0400
BlackBerry teams with Verizon to keep business away from Android and iOS
BlackBerry hasnt had too much luck withits recovery efforts over the past several months,but there are still plenty of businesses that depend on the Canadian companys devices and services in order to function. As BlackBerry struggles to regain momentum in the smartphone market, it is looking for ways to hold on to its existing clients, which is why a partnership with Verizon could be huge for enterprise customers. Verizon announced this week thatif abusiness decides to stick with BlackBerry, itwill receive up to $150 in bill credits for every legacy device itupgrades. BlackBerry is hoping that more businesses will be willing to stay on board withBlackBerry 10 smartphones and BlackBerry Enterprise Service10. The bill credits can be put towards BlackBerry
Wed, 27 Aug 2014 16:56:58 -0400
'Party Down' will stream exclusively on Hulu starting this Friday
Here's something to do for this Labor Day weekend thatdoesn't involve inclement weather: stay inside and watch Party Down on Hulu. Starz's cult comedy ran for two seasons starting in 2009, earning critical acclaim but never finding a large enough audience to keep going. The show enjoyed a brief stint on Netflix beforegetting pulled a few months beforeStarz left Netflix entirely.
Wed, 27 Aug 2014 16:55:54 -0400
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