Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

Sun, 20 May 2012 22:31:32 -0400

(Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.

Apple, Samsung CEOs set for court talks

Sun, 20 May 2012 17:53:40 -0400

SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday.

Nasdaq to revamp system after tech problems on Facebook IPO: WSJ

Sun, 20 May 2012 22:46:39 -0400

(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported.

Google says it has China's approval for Motorola deal

Sat, 19 May 2012 21:23:01 -0400

(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones.

Historic Facebook debut falls flat

Fri, 18 May 2012 20:53:38 -0400

SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.

Mexico's Slim eyeing Telekom Austria stake: report

Fri, 18 May 2012 15:02:54 -0400

VIENNA (Reuters) - Mexican billionaire Carlos Slim is eyeing a stake in Telekom Austria and is believed to have held initial talks with its two biggest investor groups, Austrian magazine Format reported, without citing sources.

U.S. says will bar some Motorola Mobility phones

Fri, 18 May 2012 19:17:54 -0400

WASHINGTON (Reuters) - Some Motorola Mobility smartphones infringe on a Microsoft patent and will be barred from importation to the United States, a U.S. trade panel said on Friday.

Worries mount as Nokia burns through cash

Fri, 18 May 2012 09:06:34 -0400

LONDON/HELSINKI, May 18 (IFR/Reuters) - Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilize its finances in the months ahead.

Intelsat Global files for $1.75 billion IPO

Fri, 18 May 2012 18:19:45 -0400

(Reuters) - Intelsat Global Holdings S.A., the world's biggest operator of satellite services, filed with U.S. regulators on Friday to raise up to $1.75 billion in an initial public offering of its common stock.

Verizon data fans to pay more in service or phones

Fri, 18 May 2012 08:44:55 -0400

NEW YORK (Reuters) - Verizon Wireless plans to make its data-hungry customers pay a lot more, either in service fees or smartphone prices, as it tries to cut costs and boost revenue from data services.