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Reuters - Friday, December 31
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Sony sues to block LG from shipping phones to U.S.
NEW YORK - Sony Corp <6758.T> has filed a patent infringement complaint seeking to block LG Electronics Inc <066570.KS> from shipping smartphones such as its Rumor 2 model to the United States. In a filing late Wednesday with the U.S. International Trade Commission, Sony said LG violated U.S. trade rules by importing mobile phones and modems that infringed Sony patents.
Groupon eyes IPO by end of 2011: report
BANGALORE - Online discount coupon provider Groupon Inc is working toward a potential public offering of its common shares by the end of 2011, the New York Times said, citing people briefed on the matter. Groupon, the fast-growing online coupon seller, said on Tuesday it has been authorized to raise up to $950 million in what would be the biggest round of equity financing by any company since Pixar in 1995.
China defends rare earth quotas as in line with WTO
BEIJING - China defended its export controls on rare earth minerals on Thursday, saying that they were in line with World Trade Organization rules, after a government move to slash export quotas on rare earths sparked trade concerns. China, which produces about 97 percent of the global supply of the metals used in the production of numerous high-tech products, cut its export quota by 35 percent for the first half of 2011 compared with a year earlier, saying it wanted to conserve reserves.
RIM says India tool only for consumer services access
NEW DELHI was a tool to gain lawful access only to its consumer services including BlackBerry Messenger, and does not enable access to highly secure corporate emails on its devices. RIM, in a statement, reiterated that there would be no change to its security model for corporate emails, clarifying after the Economic Times newspaper earlier reported RIM had offered to install the tool at its premises in India to help tap data.
China shuts over 60,000 porn websites this year
BEIJING - China shut down more than 60,000 pornographic websites this year, netting almost 5,000 suspects in the process, a government spokesman said on Thursday, vowing no let-up in its campaign against material deemed obscene. Beijing has run a highly publicized drive against what officials said was smutty and lewd content overwhelming the country's Internet and cell phones, threatening the emotional health of children.
Microsoft co-founder relaunches tech patent suit
SEATTLE - Microsoft Corp <MSFT.O> co-founder Paul Allen relaunched a wide-ranging patent lawsuit against Apple Inc <AAPL.O>, Google Inc <GOOG.O>, Facebook and others with specific allegations that the companies are illegally using technology owned by his company. Interval Licensing LLC, a small research company set up by Allen in 1992, originally filed a broad patent suit in federal court in Seattle in August, but Judge Marsha Pechman dismissed it on the grounds that it did not specify any actual products or devices. The revised suit was filed by Interval on Tuesday.
Groupon files to raise up to $950 million
BOSTON - Groupon Inc, the fast-growing online coupon seller, has been authorized to raise up to $950 million in what would be the biggest round of equity financing by any company since Pixar in 1995. The company said in filing with the state of Delaware that it intended to sell shares at $31.59 each.
Changes in video games prompt optimism for 2011
RALEIGH, North Carolina .
China delays NSN's $1.2 billion buy of Motorola unit
HELSINKI - Nokia Siemens Networks' agreed $1.2 billion acquisition of Motorola's telecom network equipment arm has been delayed by the Chinese regulator, which has yet to grant permission for the deal. The chief executive of Nokia Siemens, Nokia's network gear unit, said he was working closely with the Anti-Monopoly Bureau of the Ministry of Commerce of China to finalize the clearance.
SEC probes trading in private Internet firms: reports
BANGALORE - The U.S. securities regulator is looking into trading in privately-held Internet companies including Facebook and Twitter, media reports said, citing people familiar with the inquiry. The Securities and Exchange Commission has sent letters to several people trading in the stock of these companies, seeking information about topics that include how such funds are valuing shares of those firms, the Wall Street Journal reported.
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