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Reuters - Monday, May 24
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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.
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>.
Annoyed by cellphones? Scientists explain why
NEW YORK - Ever wonder why overhearing a cellphone conversation is so annoying? American researchers think they have found the answer. Whether it is the office, on a train or in a car, only half of the conversation is overheard which drains more attention and concentration than when overhearing two people talking, according to scientists at Cornell University.
Samsung unit sees firm smartphone market
KIHEUNG, South Korea - Global shipments of smartphones may grow 50 percent this year and drive explosive expansion in high-end OLED display sales over the next five years, a Samsung Mobile Display executive said on Thursday. "Demand for high-end displays is very strong and we may continue to fail to meet all customer requirements, even after expanding capacity by seven-fold, until next year," Lee Woo-jong, vice president of marketing at Samsung Mobile Display, told the Reuters Global Technology Summit.
Norway's Opera moves data processing to Iceland
REYKJAVIK - Norwegian browser developer Opera Software is moving its data processing capacity to a newly-built center in Iceland, one of the first foreign investment deals for the crisis-hit island as it tries to rebuild its economy. Iceland's economy has been in tatters since its banking system collapsed in late 2008, and turning the island into a hub for technology companies could be one way to rekindle foreign investment in the wake of the crisis.
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