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Reuters - 56 minutes ago
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Apple shareholders nix succession but OK board rule
CUPERTINO - Apple Inc <AAPL.O> shareholders rejected demands that the company disclose a succession plan for ailing CEO Steve Jobs but approved a proposal giving them a bigger say in the appointment of directors. With co-founder and Chief Executive Jobs sidelined indefinitely with an undisclosed medical condition, increasingly restive investors have demanded more information about the company's future.
Newsmaker: Vision question haunts Apple CEO-in-waiting
SAN FRANCISCO - For Tim Cook, the small-town football fanatic turned steward of the world's largest technology company, it always comes back to the vision question. The search for an answer will frame succession planning discussions in Building 4 of 1 Infinite Loop -- the heart of Apple's California headquarters -- when Cook is expected to step in for his boss to lead the annual shareholders meeting on Wednesday.
Digital China eyes iPad supplier rights
HONG KONG - Technology services provider Digital China Holdings Ltd <0861.HK> is bidding for the rights to sell Apple Inc's <AAPL.O> iPad and Research in Motion Ltd's <RIM.TO> tablet PC in China, its chief executive said. The company was also aiming to ultimately raise its gross margin to 20 percent from 6.8 percent last year by focusing more on tech services, Guo Wei told Reuters in an interview on Friday.
Apple to host March 2 event, iPad 2 in the wings
SAN FRANCISCO - Apple Inc <AAPL.O> has sent an invitation to media to attend a "special event" on March 2, which sources have said is intended to showcase a new iPad with features including a camera. The characteristically succinct invitation featured an image of a calendar tear-off page with a giant "2" emblazoned in the center, teased with "Come see what 2011 will be the year of."
DirecTV profit beats Street
NEW YORK - DirecTV Group's <DTV.O> quarterly profit beat Wall Street expectations on strong subscriber growth as it lured customers away from cable providers, sending its shares up 3.5 percent. The company added 289,000 subscribers in the United States during the fourth quarter. Kaufman Brothers analyst Todd Mitchell had expected DirecTV to add some 255,000 subscribers.
Huawei wins preliminary order in Motorla secrets case
NEW YORK - China's Huawei Technologies Co <HWT.UL> on Tuesday won a federal court order barring Motorola Solutions Inc <MSI.N> from disclosing a variety of confidential Huawei information to rival Nokia Siemens Networks. But Motorola Solutions said it was pleased that the judge denied Huawei's request to block its $1.2 billion sale of its networks business to Nokia Siemens.
Hynix says to invest $568 million to expand plant
SEOUL by March to expand and upgrade its existing plant and conduct research and development. The investment was aimed at coping with market demand and strengthening cost competitiveness, Hynix said in a regulatory filing.
Judge bars website from live TV, baseball streams
NEW YORK - An upstart website has been blocked by a federal judge from streaming broadcast network shows and live broadcasts of Major League Baseball games in violation of federal copyright law. The ruling by U.S. District Judge Naomi Reice Buchwald against ivi Inc came 20 days after U.S. prosecutors seized 10 popular websites that they said illegally streamed live sports and pay-per-view events over the Internet.
CBS sets deal with Netflix to stream some TV shows
NEW YORK - CBS Corp <CBS.N> struck a partnership with Netflix Inc <NFLX.O> allowing the online video company to stream CBS library content including television shows "Cheers," "Frasier," "The Andy Griffith Show," and "The Twilight Zone" to Netflix subscribers. Terms of the two-year, nonexclusive agreement were not disclosed.
Apple iPad launch due on March 2: source
SAN FRANCISCO/NEW YORK - Apple Inc <AAPL.O> is expected to launch its new iPad on March 2, contrary to speculation of a delay of the latest version of the popular tablet computer. One person familiar with the matter said recent speculation about a delay until June was "simply not true" as Apple is planning a launch in the same seasonal schedule as the first iPad, which went on sale in April 2010.
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US-TECH Summary Reuters - 56 minutes ago
DirecTV profit beats Street; shares rise Reuters - Thursday, February 24
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Huawei wins preliminary order in Motorla secrets case Reuters - Thursday, February 24
Digital China eyes iPad supplier rights Reuters - Thursday, February 24
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