Articles by Staff Reporter
China's 'Millet' Phone Maker Hits Nearly $1 Billion in H1 Sales
Chinese smartphone maker Xiaomi Technology said it racked up 6.1 billion yuan ($955 million) in revenue in the first half of this year with sales of more than 3 million devices, tapping rapid growth that is fostering domestic brands and is set to make China the world's biggest smartphone market this year.
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EU Exploring Possibility of Google Antitrust Settlement
The European Union's executive is exploring a possible settlement with Google after the company offered concessions aimed at resolving an antitrust case, the EU competition chief said on Wednesday.
EU Warms to Google Antitrust Concessions
Google took a significant step toward resolving its antitrust problems in the EU after regulators warmed to new concessions offered to settle an investigation into alleged anti-competitive behaviour and avert a possible fine.
Apple Blames Rare Miss on New iPhone Anticipation, Economy
Apple Inc results fell short of Wall Street's lofty expectations as a sagging European economy and a pause in iPhone sales ahead of a new version saw revenues slip from the previous quarter.
Apple's Rivals Swoop as iPhone China Sales Flag
Apple Inc's disappointing China sales suggest that its customers will not always wait for the next iPhone when rivals such as Samsung have plenty of flashy new models available now, analysts and resellers said on Wednesday.
UK to Rule in October on Pentagon Hacker U.S. Extradition
A British computer hacker accused by the United States of breaking into top secret military and space agency networks will learn the result of his six-year fight against extradition within three months, a court heard on Tuesday.
Toshiba to Cut Memory Chip Production by 30 Percent
Japan's Toshiba Corp, the standout performer among the country's battered chipmakers, plans to cut production of flash memory chips by 30 percent after being caught by oversupply and tumbling prices.
Wipro Forecasts Muted It Services Sales after In-Line Q1
Wipro Ltd
, India's No. 3 software services exporter, forecast subdued IT services sales for the current quarter after posting an 18 percent rise in quarterly profit that met market expectations on growth in outsourcing work. German Court Upholds Ruling in Tablet Battle
A German court on Tuesday upheld a ruling in favor of Samsung Electronics, denying a request by Apple Inc. to ban sales of the 10.1-inch Galaxy Tab model in Germany.
Apple, Samsung Chiefs Disagree on Patent Values: Source
Apple Inc Chief Executive Tim Cook and top Samsung Electronic Co Ltd executives disagreed last week on the value of each other's patents at a settlement conference ahead of a high profile U.S. trial, according to a source familiar with the matter.
Online Gaming Company 32Red to Beat Revenue Forecasts
Online gaming company 32Red PLC
said its revenues this year would beat market forecasts after they rose 50 percent in the first six months. Kodak Loses Patent Case vs. Apple, RIM; Plans Appeal
Eastman Kodak Co has lost an appeal of a patent dispute over digital image preview technology with Apple Inc and Research In Motion Ltd, which could set back the onetime photography giant's efforts to raise money in bankruptcy by selling patents.
HTC Sells Back Half of Stake in Audio Firm Beats
Taiwanese smartphone maker HTC Corp's shares fell as much as 4 percent on Monday after the sale of half of its holding in audio technology firm Beats Electronics back to Beats' founders raised concern over its strategy.
Nokia Looks to Revamp Marketing Strategy: FT
Nokia is considering ripping up its traditional mass marketing strategy ahead of the unveiling of its new Windows 8 smartphone in the autumn, the Financial Times reported on Monday.
Apple vs Samsung Patent Trial Kicks off in Australia
Apple Inc
and Samsung Electronics Co <005930.KS> began the latest round of their long-running global patent war on Monday as an Australian judge began hearing evidence for an anticipated three-month trial. App Aims to Improve Accessibility for Visually Impaired
Whether it is getting off a bus or reading a menu, a new app aims to make life easier for the blind or visually impaired.
What's Up Dock? Apple to Shrink Connector for iPhone5
Apple Inc's new iPhone will drop the wide dock connector used in the company's gadgets for the best part of a decade in favor of a smaller one, a change likely to annoy the Apple faithful but which could be a boon for accessory makers.
Apple's Latest iPad Makes Low-Key Debut in China
Apple Inc staged a low-key launch of its latest iPad in China on Friday, free of the chaotic scenes that plagued the tech darling's previous product debuts in its most promising growth market.
Nokia Revival Hopes Fade as Analysts Cut Targets
Analysts cut their price targets on Nokia to little more than the value of its cash and patents on Friday as hopes fade that phones using new Microsoft software can revive the ailing mobile company anytime soon.
Kayak Software Shares Debut 16 Percent Above Initial Price
Shares of online travel company Kayak Software Corp
opened 16 percent above their initial price in their market debut on Friday and posted further gains in the first consumer-oriented Internet IPO since Facebook Inc . Nasdaq to Unveil Facebook Compensation Plan Next Week: Report
Nasdaq OMX Group Inc plans next week to release its compensation plan for firms that lost money in the bungled Facebook initial public offering, the FOX Business channel reported on Friday.
Google Shares Rise as Strong Ad Business Eases Macro Fears
Shares of Google Inc rose 3 percent in premarket trade on Friday after the company posted a healthy gain at its online advertising business, reassuring the Wall Street that it was performing well despite a slow economy.
EU Wants Google Concessions for All Platforms: Sources
EU regulators, investigating Google for alleged anti-competitive behavior, want the internet search giant to offer concessions that cover all platforms, including computers, tablets and mobile devices, two people familiar with the issue said on Friday.
New Deal Restores Viacom Shows to DirecTV Subscribers
DirecTV Group's 20 million U.S. subscribers are getting back their favorite shows after the satellite TV provider reached a deal to restore Viacom Inc's networks, but the size and scope of the high-profile dispute may have changed the nature of future programming battles.
Mayer Gets $70 Million Pay Package to Lead Yahoo
New Yahoo Chief Executive Marissa Mayer's compensation package could total more than $70 million in salary, bonuses, restricted stock and stock options over five years, according to a regulatory filing made by the company Thursday.
Yahoo Japan Buys Stake in Cloud Storage Firm Basho
Yahoo Japan subsidiary IDC Frontier has invested $6.1 million in Basho Technologies, a U.S. distributed-data and cloud-storage technology firm, and will use Basho's technology in its own cloud-computing platform, Basho said.
Facebook Shares Slide as User Growth in Question
Shares of Facebook Inc
fell about 1 percent on Tuesday, extending the previous day's losses after an investment analyst reported a decline in U.S. users for the No. 1 social network.
