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Reuters - 52 minutes ago
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Nokia and Yahoo in maps, e-mail deal
HELSINKI - Yahoo Inc <YHOO.O> and Nokia <NOK1V.HE> unveiled a wide Internet services deal, including maps and e-mail service, as the two battle new rivals on the wireless market. The role of mobile services and software has increased sharply since Apple <AAPL.O> and Google <GOOG.O> entered the industry, forcing traditional phonemakers like Samsung and Nokia to hurry to build up their offerings.
Samsung, Sony chiefs may discuss 3D TV deals, LCD supplies
SEOUL/TOKYO - Just days after unveiling a Sony-branded Internet TV with Google, Sony's chief executive is set to meet rival Samsung Electronics <005930.KS>, for possible alliances, as the Japanese consumer electronics maker aims to turn its TV business profitable with aggressive sales targets. Monday's closed-door meeting between Sony <6758.T> CEO Howard Stringer and Samsung's Lee Kun-hee, is the first since Lee returned as chairman of the South Korean technology powerhouse in March.
Facebook investor DST eyeing more digital stakes
LONDON - Russian Internet investment group Digital Sky Technologies, which bought a $300 million stake in Facebook last year, is preparing to buy stakes in dozens of well-known Internet companies, its chief executive said. Yuri Milner told the Sunday Telegraph that DST had built up a war chest of more than $1 billion to fund the next stage of its investment strategy and said it was actively looking at companies in Asia, Australia and Britain.
U.S. claims on copyright piracy "groundless": China
SHANGHAI - The Foreign Ministry has dismissed as "groundless" U.S. accusations that China is failing to crack down on copyright piracy, ahead of talks with top U.S. officials next week, Xinhua News Agency reported on Saturday. It quoted Foreign Ministry spokesman Ma Zhaoxu as saying China had implemented policies to combat piracy in copyrighted films, music, videogames and other entertainment products.
Google tries where others failed: shaking up TV biz
NEW YORK - Google TV, a service that will bring the Web to television screens, is likely to create more headaches for broadcast and cable executives already concerned with being sidelined by free online video shows on computers. At stake are billions of dollars in advertising spending, a prospect that has enticed a number of others, including Apple Inc <AAPL.O>, Yahoo Inc <YHOO.O> and Microsoft Corp <MSFT.O>, to take a stab at converting the TV set into a full interactive device on a large scale.
Google gets U.S. antitrust OK on AdMob buy
WASHINGTON - Google Inc <GOOG.O> has won U.S. approval to buy mobile advertising rival AdMob, after months of delay and rumor that the No. 1 Internet search engine was headed for a court fight with government officials over the $750 million transaction. The Federal Trade Commission's decision followed unusually public comments by app developers -- whose software for mobile devices are often supported or subsidized by advertising -- that the agency's staff seemed determined to challenge the deal.
Sprint shares could rise on 4G phone: Barron's
NEW YORK - Shares of Sprint Nextel <S.N> could rise to about $6 a share, helped by the introduction of a mobile phone that works on the carrier's new high-speed network, according to business weekly Barron's. The newspaper said in its May 24 edition that Sprint's total subscriber base could grow as it takes the lead with a phone that runs on its "4G" network, which it promises will deliver speeds up to 10 times faster than existing networks. Sprint's new phone, called the Evo 4G, goes on sale next month.
HP expands recall of laptops for fire hazard
SAN FRANCISCO - Hewlett-Packard Co <HPQ.N> is expanding a voluntary recall of laptop computers due to the risk of fire from overheating batteries, the company and the U.S. Consumer Product Safety Commission said on Friday. The commission said that since an initial recall in May 2009, HP has received additional reports of overheated and ruptured batteries, leading it to expand its recall to include more models.
Google premieres Web television gamble
SAN FRANCISCO - Web search king Google Inc <GOOG.O> on Thursday showed off a risky attempt to marry the Web to television and reach the $70 billion TV advertising market, chasing a dream that has eluded even archrival Apple Inc. Developers at a conference applauded "Google TV," and a slew of tech industry titans, including microchip maker Intel Corp <INTC.O> and TV maker Sony Corp <6758.T>, sent their chief executives to announce that they had joined the project and that TV sets would be ready in time for Christmas buying.
Verizon Wireless loses appeal on cellphone charges
NEW YORK - A federal appeals court on Friday threw out a ruling requiring Verizon Wireless customers to resolve disputes over alleged fraudulent cell phone charges individually through arbitration rather than as a class. The ruling, by the U.S. Third Circuit Court of Appeals in Philadelphia, is a defeat for the largest U.S. mobile service provider, a joint venture of Verizon Communications Inc <VZ.N> and Britain's Vodafone Group Plc <VOD.L>.
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