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Reuters - 1 hour 52 minutes ago
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Apple's Steve Jobs takes second medical leave
LONDON/SAN FRANCISCO - Apple <AAPL.O> Chief Executive Steve Jobs is taking medical leave for the second time in as many years, sending the company's shares tumbling close to 10 percent on revived concerns about the long-term future of the iPhone- and iPad-maker. The news, disclosed early on a U.S. holiday when markets were closed, came nearly two years to the date after Jobs first took a six-month break to undergo a liver transplant.
Steve Jobs: Apple's magician
LONDON - Steve Jobs has changed the course of personal computing during his two stints as chief executive of Apple, while his idiosyncratic style and the iconic iPod, iPhone, iPad and Mac have made him a household name. Deemed irreplaceable by many Apple fans and investors, pancreatic cancer survivor Jobs said on Monday he would take a medical leave of absence to concentrate on his health -- two years after a previous health-related absence.
Goldman to exclude U.S. from Facebook placement
NEW YORK - Goldman Sachs <GS.N> said it will limit its private placement of shares of social networking site Facebook to investors outside the United States, citing "intense media coverage," according to the investment bank. "In light of this intense media coverage, Goldman Sachs has decided to proceed only with the offer to investors outside the U.S.," the company said in a statement provided to Reuters.
Smartphones lift Apple and Samsung in quarterly phone bonanza
HELSINKI/SEOUL - Hot smartphone models, the iPhone 4 and Samsung's Galaxy S, are forecast to have helped their makers race further ahead of rivals in the holiday sales season at the end of 2010. On average analysts expect global cellphone sales volumes to have grown 10.8 percent in October-December, a Reuters poll of 32 banks, brokerages and research firms showed.
Blackberry says will abide by Indonesia porn access ban
JAKARTA - Research In Motion <RIM.TO><RIMM.O>, makers of the popular Blackberry telephone and messaging system, said on Monday they would comply with an Indonesian government order to block access to porn sites from its devices. Communications and Information Minister Tiffatul Sembiring threatened RIM's Indonesian browser service if the Canadian firm failed to block porn access by January 21.
Do video games fuel mental health problems?
NEW YORK - There might be trouble brewing behind the glassy eyes of kids who spend too much time and energy on video games, according to a controversial new study. In the 2-year study of more than 3,000 school children in Singapore, researchers found nearly one in ten were video game "addicts," and most were stuck with the problem.
Cyber attacks could create "perfect storm" - OECD
LONDON said in a report on Monday. The study, part of a wider OECD project examining possible "Future Global Shocks" such as a failure of the world's financial system or a large-scale pandemic, said there were very few single "cyber events" that could cause a global shock.
Swiss whistleblower hands bank data to WikiLeaks
LONDON - A former Swiss private banker handed over data on hundreds of offshore bank account holders to WikiLeaks founder Julian Assange on Monday, saying he wanted to draw attention to financial abuses. Rudolf Elmer, 55, headed the office of Julius Baer <BAER.VX> in the Cayman Islands until he was fired by the bank in 2002. He is scheduled to go on trial in Switzerland on Wednesday for breaching bank secrecy.
Nokia pulls plug on free music in most markets
HELSINKI - The world's top cellphone maker, Nokia <NOK1V.HE>, is ending its bundling of free music downloads with cellphones in 27 countries, where it has gained little traction since its 2008 launch. Nokia will continue to sell phones with 12-month subscription to free music downloads in China, India and Indonesia and with 6-month subscriptions in Brazil, Turkey and South Africa.
Apple on a win streak as rivals regroup
SAN FRANCISCO - Apple Inc <AAPL.O> enters 2011 on a roll, a cash-generating machine with surging sales across its product lines -- even as it confronts a sea of restive rivals determined to halt its stunning run of success. As quarterly earnings approach, expectations are that Apple's revenue should easily swell more than 50 percent. That would be a sparkling performance for a company of any size, much less one with a market value north of $300 billion.
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