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Austria becomes battleground in fight over mobile mergers

VIENNA/PARIS (Reuters) – When the number of mobile network operators competing in Austria was cut by a merger from four to three in January 2013 it was seen as an important test case just as a deal-making frenzy was about to break out among telecoms firms across Europe. Source
Posted On 10 Jun 2015

Proxy adviser ISS recommends investors vote against Sharp, Sony CEOs at AGMs

TOKYO (Reuters) – Proxy investment adviser ISS advised shareholder to vote against reelecting the heads of Japanese electronics firms Sharp Corp and Sony Corp, both mid-restructuring, saying they are falling short of ISS return-on-equity (ROE) benchmarks. Source
Posted On 10 Jun 2015

Tablet maker Fuhu launches new content subscription service

(Reuters) – Fuhu Inc, creator of kid-friendly computer tablets, said it will launch a new tablet that includes content from Walt Disney Co, Dreamworks Animation SKG Inc, Discovery Communications Inc and others. Source
Posted On 10 Jun 2015

Tesla CFO Ahuja to retire; electric car maker sees growth spurt

DETROIT (Reuters) – Tesla Motors Chief Financial Officer Deepak Ahuja will retire this year, but will stay on to help search for a successor at the fast-growing electric car maker, Chief Executive Officer Elon Musk told shareholders on Tuesday. Source
Posted On 10 Jun 2015

Exclusive: U.S. tech industry appeals to Obama to keep hands off encryption

WASHINGTON (Reuters) – As Washington weighs new cybersecurity steps amid a public backlash over mass surveillance, U.S. tech companies warned President Barack Obama not to weaken increasingly sophisticated encryption systems designed to protect consumers’ privacy. Source
Posted On 10 Jun 2015

Merkel urges Germans to put aside fear of big data

BERLIN (Reuters) – Germans need to overcome their traditional fear of the large-scale collection of personal data by companies and instead embrace its opportunities or risk being marginalized in the global economy, Chancellor Angela Merkel said on Tuesday. Source
Posted On 10 Jun 2015

China’s big biotech bet starting to pay off

SHANGHAI/LONDON (Reuters) – Years of pouring money into its laboratories, wooing scientists home from overseas and urging researchers to publish and patent is starting to give China a competitive edge in biotechnology, a strategic field it sees as ripe for “indigenous...
Posted On 10 Jun 2015

Exclusive: A400M probe focuses on impact of accidental data wipe

PARIS (Reuters) – A tiny piece of data needed to run the West’s largest turboprop engines is at the center of a complex chain of events under scrutiny following an Airbus A400M military plane crash last month, several people familiar with the matter said. Source
Posted On 10 Jun 2015

Exclusive: Facebook earns 51 percent of ad revenue overseas – executives

NEW YORK (Reuters) – Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company executives told Reuters. Source
Posted On 10 Jun 2015

Intel pledges $125 million for start-ups that back women, minorities

SAN FRANCISCO (Reuters) – Following up on its earlier pledge to spend $300 million over the next five years to improve diversity, Intel Corp promised more on Tuesday, this time to back companies with women and minorities in leadership roles. Source
Posted On 10 Jun 2015