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Google refuses French order to apply ‘right to be forgotten’ globally

July 30, 2015 by · Leave a Comment 

By Julia Fioretti BRUSSELS (Reuters) – Google Inc is refusing to bow to an order from the French privacy watchdog to scrub search results worldwide when users invoke their “right to be forgotten” online, it said on Thursday, exposing itself to possible fines. The French data protection authority, the CNIL, in June ordered the search engine group to de-list on request search results appearing under a person's name from all its websites, including Google.com. Google complied with the ruling and has since received more than a quarter of a million removal requests, according to its transparency report.

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Google refuses French order to apply ‘right to be forgotten’ globally

Alibaba cloud unit sets sights on Amazon in $1 billion global push

July 29, 2015 by · Leave a Comment 

China's Alibaba Group Holding Ltd said on Wednesday it would invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com Inc's lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. With the global cloud computing market estimated by analysts to be worth about $20 billion, Alibaba said in a statement the investment would go toward setting up new Aliyun data centers in the Middle East, Singapore, Japan and Europe. Although Alibaba and Amazon have so far avoided competing directly in their core business of e-commerce outside China, Aliyun's international expansion takes aim squarely at Amazon Web Services (AWS), an increasingly central and profitable division of the Seattle-based company.

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Alibaba cloud unit sets sights on Amazon in $1 billion global push

Facebook to scale up free mobile Internet service to boost usage

July 27, 2015 by · Leave a Comment 

By Aman Shah MUMBAI (Reuters) – Facebook Inc plans to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year. In a blog post released to mark the first year of the initiative, Facebook said it will open a portal allowing any mobile operator to offer the service under its Internet.org platform. Facebook currently partners with specific operators to launch the service in different countries.

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Facebook to scale up free mobile Internet service to boost usage

Daimler to test self-driving trucks in Germany this year: paper

July 25, 2015 by · Leave a Comment 

German carmaker Daimler is planning to test self-driving trucks as early as this year, executive board member Wolfgang Bernhard told a German newspaper. “We are positive that we will get approval for tests on German motorways within the next weeks,” Frankfurter Allgemeine Sonntagszeitung quoted him as saying. First tests of semi-autonomous trucks will take place in Daimler's home state Baden-Wuerttemberg while the start of production is 2-3 years away, Bernhard, who is in charge of Daimler's trucks business, told the paper.

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Daimler to test self-driving trucks in Germany this year: paper

Facebook defeats shareholder litigation over IPO

July 24, 2015 by · Leave a Comment 

NEW YORK (Reuters) – A federal appeals court on Friday said Facebook Inc officials including Chief Executive Mark Zuckerberg cannot be sued by shareholders who said the social media company concealed threats to its growth prospects before its May 2012 initial public offering.

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Facebook defeats shareholder litigation over IPO

Qualcomm slashes jobs and costs, says may split itself up

July 22, 2015 by · Leave a Comment 

Qualcomm shares fell 1.8 percent to $63.05 in after-market trading on Wednesday. The move comes after hedge fund Jana Partners called for Qualcomm to spin off its chip business from its highly profitable patent-licensing income, among other changes the activist asked for. “We decided we were going to take a fresh look at the corporate structure of the company,” Qualcomm president Derek Aberle said in an interview, adding that the chipmaker has reviewed its options twice already in the past decade.

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Qualcomm slashes jobs and costs, says may split itself up

Apple gives weak forecast, shares fall more than 6 percent

July 21, 2015 by · Leave a Comment 

By Anya George Tharakan and Julia Love BENGALURU/SAN FRANCISCO (Reuters) – Apple Inc forecast fourth-quarter revenue below estimates and missed some targets for iPhone sales, sending its shares down more than 6 percent in after-hours trading. Apple said on Tuesday it sold 47.5 million iPhones in the third quarter, up 35 percent from a year ago. The company forecast revenue of $49 billion to $51 billion, missing analysts' average estimate of $51.13 billion according to Thomson Reuters I/B/E/S. The world's largest publicly traded company by market value said it sold 47.5 million iPhones in the third quarter, up 35 percent from a year ago, but down 22 percent from 61.2 million in the second quarter.

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Apple gives weak forecast, shares fall more than 6 percent

Huawei’s first-half revenue up 30 percent year-on-year at $28 billion

July 20, 2015 by · Leave a Comment 

Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecom equipment makers, on Monday posted a 30 percent increase in first-half revenue to 175.9 billion yuan ($28.3 billion) and said it would achieve “effective growth” in 2015. The Shenzhen-based company, which competes with Sweden's Ericsson for the top spot in the global market for communications towers and other infrastructure, posted an operating margin of 18 percent in the first six months of 2015, compared with 18.3 percent in the previous half-year. The private company did not elaborate in its brief statement.

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Huawei’s first-half revenue up 30 percent year-on-year at $28 billion

Regulators to seek penalty on Toshiba for false accounting: Nikkei

July 18, 2015 by · Leave a Comment 

Japan's financial watchdog plans to seek a financial penalty on Toshiba Corp , currently being investigated by an independent committee over accounting irregularities, the Nikkei reported on Saturday. The Securities and Exchange Surveillance Commission (SESC) believes the company falsified financial statements and will recommend as early as September that the Financial Services Agency impose a fine, the business daily said, citing sources. An SESC spokesman declined to comment, while Toshiba officials were not immediately available for comment.

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Regulators to seek penalty on Toshiba for false accounting: Nikkei

Samsung scrapes to victory in proxy battle over $8 billion merger

July 17, 2015 by · Leave a Comment 

By Joyce Lee and Sohee Kim SEOUL (Reuters) – Samsung Group's founding family on Friday scored a narrow win in a landmark proxy battle, fending off an activist investor opposed to an $8 billion deal that cements its grip as a new generation prepares to take the reins of South Korea's biggest conglomerate. At an often-heated shareholder meeting, investors in builder Samsung C&T Corp approved an all-share takeover offer from sister firm Cheil Industries Inc, Samsung's de facto holding company – but only just. U.S. hedge fund Elliott Associates, with a 7.1 percent Samsung C&T stake, had led the charge against the deal, saying it undervalued the target.

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Samsung scrapes to victory in proxy battle over $8 billion merger

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