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Global Markets Overview 02/14/2012

Mon, 13 Feb 2012 17:41:05 EST

Stocks added to gains and hit session highs in afternoon trading, buoyed by the adoption of austerity measures by Greece's Parliament. The Dow Jones Industrial Average was recently ahead 82 points, or 0.6%, at 12884. The Standard & Poor's 500-stock index advanced 10 points, or 0.8%, to 1353, and the Nasdaq Composite gained 29 points, or 1%, to 2933.

AT&T Doubles Fee to Upgrade Cellphone, Cites More Sophisticated Devices

Mon, 13 Feb 2012 17:00:55 EST

The Dallas-based company will now charge $36 to upgrade a phone compared to $18 previously.

Apple at $500: Nowhere to Move but Up?

Mon, 13 Feb 2012 15:26:47 EST

Apple made history Monday as shares of the world’s most valuable company exceeded $500 for the first time. They closed at a record $502.60.

Google, Motorola Mobility Deal Approved by European Commission

Mon, 13 Feb 2012 14:35:10 EST

The U.S. Department of Justice is expected to approve of the transaction as early as this week.

Shares of Cable & Wireless Worldwide Skyrocket as Vodafone Mulls Purchase

Mon, 13 Feb 2012 13:04:38 EST

Shares of C&W closed up 44.51 percent to £28.54 ($45.02) on the London Stock Exchange.

Apple, Under Fire, Seeks Fair Labor Probe of Chinese Plants

Mon, 13 Feb 2012 10:10:10 EST

Apple, under attack for poor labor practices at its Asian contract manufacturers, said it had asked the Fair Labor Association to inspect them.

Apple Shares Top $500, Setting New Milestone

Mon, 13 Feb 2012 09:32:07 EST

Shares of Apple, the world’s most valuable technology company, hit the $500 mark Monday valuing the company at $462 billion. It remains the world's most valuable company.

Apple Intensifies Global Patent Battle with Samsung

Mon, 13 Feb 2012 05:04:09 EST

Apple Inc raised the stake in an intensifying global patent battle with Samsung Electronics by targeting the latest model using Google's fast growing Android software, a move which may affect other Android phone makers.

Vodafone 155 Costs £25: Targets Senior UK Citizens with Physical Disabilities [PREVIEW]

Mon, 13 Feb 2012 01:27:50 EST

Vodafone 155 focuses on senior UK citizens with disabilities such as limited dexterity, vision and/or hearing impaired.

Global Markets Overview - 02/13/2012

Sun, 12 Feb 2012 17:49:15 EST

Stocks were dragged down for their worst one-day loss in about six weeks by tumult over the Greek bailout, disappointing readings on the U.S. economy and a downgrade of nearly three dozen Italian banks.

Sprint CEO Remark Spurs Talk of T-Mobile Bid

Fri, 10 Feb 2012 12:28:05 EST

Sprint CEO Dan Hesse said his company might benefit from the collapse of the AT&T bid for T-Mobile USA.

C&W Comms says Panama underperforming

Fri, 10 Feb 2012 04:42:04 EST

Cable and Wireless Communications warned on Friday that increasing competition and weak demand from corporate clients had hit its business in Panama, taking the shine off solid performances elsewhere.

Internet Firms Aren't Broadcasters, Canadian Court Rules

Thu, 09 Feb 2012 18:42:07 EST

Internet service providers are not broadcasters, and don't need to adhere to strict rules designed to boost Canadian content on domestic television and radio, the Supreme Court of Canada ruled on Thursday.

FBI Notes on Steve Jobs Cited Drug Use, Abrasiveness

Thu, 09 Feb 2012 14:14:30 EST

Newly released Federal Bureau of Investigation files regarding Apple Chairman Steve Jobs noted the computer visionary’s use of drugs, abrasive personality but also his fitness for a prospective government appointment.

Google, Motorola Mobility Deal Likely to Win Justice Dept OK

Thu, 09 Feb 2012 09:45:00 EST

Furthermore, the department likely will approve a consortium led by Apple and Microsoft to purchase Nortel Networks patents for $4.5 billion.

Alcatel-Lucent To Cut 1,800 Jobs Across Europe

Thu, 09 Feb 2012 09:21:25 EST

Alcatel-Lucent (NYSE: ALU) plans on eliminating 1,800 jobs across Europe, nixing positions in Belgium, France and Italy.

China Restrains Apple's iPhone 4S Sales in HK, Mainland

Thu, 09 Feb 2012 03:15:23 EST

To defuse the ticking retail frenzy of grabbing the latest Apple phone- the iPhone 4S-- Chinese authorities and American-owned Apple Inc. have joined forces to tackle the problem of illegally selling the handset in China's black markets.

Australian Stock Market Leads - 02/09/2012

Wed, 08 Feb 2012 18:05:42 EST

The Australian stock market is perceived to maintain its current bouyant status thugging within its comfort zone range between 4,200 to 4,300 with the absence of catalysts to bring forth a major boost, analysts said.

Google Announces Chrome for Android [VIDEO]

Wed, 08 Feb 2012 10:56:09 EST

Google has announced Chrome for Android, a mobile browser for smartphones that the search giant claims to be users' "Chrome from home".

Rambus Shares Surge After Reaching Nvidia Patent Deal

Wed, 08 Feb 2012 09:23:53 EST

Shares of Rambus soared as much as 12 percent before the market opened Wednesday after the company reached a cross-licensing deal with Nvidia.

Nokia to Fire 4,000 Employees in a Cost Cutting Bid

Wed, 08 Feb 2012 08:19:28 EST

Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia.

Sprint Loss Widens on iPhone Costs

Wed, 08 Feb 2012 07:35:07 EST

Sprint Nextel posted a wider fourth-quarter loss as costs from the Apple Inc. iPhone weighed down the No. 3 U.S. mobile operator.

Symantec Extorted, VeriSign Hacked: Are the Security Experts Defensible?

Tue, 07 Feb 2012 14:54:36 EST

Symantec, the owner of Norton Anti-Virus and other security software brands, said someone claiming to be part of Anonymous attempted to extort $50,000 in return for not posting code.

Rogers, BCE in talks with Apple over iTV: report

Tue, 07 Feb 2012 11:35:08 EST

Rogers Communications and BCE are in talks to become Canadian launch partners for Apple Inc.'s much-hyped iTV, which promises to turn conventional television sets into giant iPads, a newspaper reported on Tuesday.

BlackBerry Apps More Profitable to Developers Than Android and iOS

Tue, 07 Feb 2012 11:24:43 EST

Research in Motion provides users with more than six million applications per day.

Shares of Redbox Parent, Coinstar, Surge on Earnings, NCR Acquisition, Verizon Streaming Deal

Tue, 07 Feb 2012 10:19:25 EST

Shares of the Bellevue, Wash.-based company rose nearly 18 percent to $59.37 in morning trading.

Cisco Systems: 2Q Results Could be 2012 Technology Bellwether

Tue, 07 Feb 2012 08:29:53 EST

Shares of Cisco Systems, the No. 1 provider of Internet equipment, could be volatile the next two days before the company reports second-quarter results after Wednesday’s close.

IBM Opens Giant India Data Center for Tulip Telecom

Tue, 07 Feb 2012 08:29:25 EST

IBM's 900,000 square-foot Bangalore computer center is Asia's largest to date.

Redbox Parent, Coinstar, Beats Street Earnings Estimates

Mon, 06 Feb 2012 17:06:12 EST

Coinstar Inc. (NASDAQ:CSTR), parent of DVD-rental firm Redbox, reported a jump in fourth-quarter profit that beat analyst expectations as soaring revenue offset a slight decrease in its operating margin.

Netflix Seeks to Spur Growth in Sales, Streaming Video After 2011 Blunders as Rivals Like Verizon Enter

Mon, 06 Feb 2012 15:10:34 EST

The challenge for the Los Gatos, Calif.-based entertainment provider is to stand out as others such as Hulu and Amazon with its Prime service and Redbox try to gain an edge in the streaming business.

Apple Took Nearly Quarter of 4Q Smartphone Shipments: IDC

Mon, 06 Feb 2012 12:33:22 EST

Apple took nearly a quarter of fourth-quarter 2011 smartphone shipments that skyrocketed 55 percent, market researcher International Data reported.

Redbox, Verizon Announce Streaming Joint Venture: Could Spell Trouble for Netflix

Mon, 06 Feb 2012 12:12:56 EST

The deal will allow Redbox to pose a more credible challenge to rival Netflix, while it could permit Verizon to control more of the content available through its platforms.

Telenor to Fight Supreme Court Order on Licence Cancellation

Mon, 06 Feb 2012 10:45:04 EST

Norway's Telenor ASA (TEL.OL) plans to fight an order by the Supreme Court to cancel 122 telecoms licences held by its Indian joint venture, but has not ruled out abandoning the country altogether, the head of the company's Asian operations said.

Highest Paid CEO Exits: Parting is Such Sweet ... Compensation

Mon, 06 Feb 2012 08:21:42 EST

Executive compensation is on the rise, so are CEOs' walk-away packages. More importantly, these golden parachutes are soaring into platinum levels. These 10 CEOs left their helms as million-dollar men.

German iPhone and iPad Sales Ban Overturned by Apple

Mon, 06 Feb 2012 04:29:32 EST

Apple is once again allowed to sell its full range of iPhones and iPads in Germany, after it won a temporary suspension against a sales ban brought on by Motorola.

Technology Focus: Apple Shareholders -- Calling Al Gore’s Conscience

Sun, 05 Feb 2012 09:42:03 EST

Apple shareholders are preparing for the annual meeting where nobody is advocating dealing with horrendous working conditions. Where's director Al Gore in all this?

Singapore's Artivision Says it May do a Deal with Intel: Filing

Sun, 05 Feb 2012 06:14:06 EST

Artivision Technologies Ltd., a Singapore firm that specializes in online video advertising, said on Sunday its technology may be incorporated into a software kit being developed by the Intel Corp.

Microsoft Keeps Blasting New Google Policies in Three Day Ad Volley

Fri, 03 Feb 2012 12:13:01 EST

Microsoft, the No.1 software company, is hitting back at Google, No. 1 in search, by insinuating new Google policies may inadequately protect consumer privacy.

Facebook IPO: Top 10 Largest U.S. IPOs

Fri, 03 Feb 2012 11:36:02 EST

Having filed for its initial public offering (IPO) on Wednesday, Facebook has the potential to debut on the New York Stock Exchange (NYSE) with one of the largest IPOs ever. Check out this slideshow to see which were the largest IPOs in U.S. history.

Hutchison 3G Austria to Buy Orange Austria for $1.7 Billion

Fri, 03 Feb 2012 09:55:05 EST

The deal will give the new company a 22 percent share of the mobile telephone market with over 2.8 million customers and more than €700 million ($920 million) in combined revenue for 2011.

Motorola-Requested Injunction Forces Apple to Remove iPhone and iPad From Sale

Fri, 03 Feb 2012 06:38:45 EST

Apple has removed the iPhone 4 and iPad 2 3G from its German online store, following the placement of an injunction requested by Motorola.

Google Tightens Security in Android App Store

Thu, 02 Feb 2012 22:00:10 EST

Google Inc has been quietly policing its online store for months now in an acknowledgement of malware's growing threat to its increasingly popular Android mobile software.

Facebook IPO: 5 Danger Signs for Investors

Thu, 02 Feb 2012 15:10:19 EST

Assuming the $100 billion initial public offering by Facebook proceeds as planned, investors will likely clamor for shares and snap them up, just as in earlier Web frenzies for Netscape Communications, Yahoo and Google. But there are dangers.

Facebook IPO: An Orgy of Voyeurism and Narcissism

Thu, 02 Feb 2012 12:36:26 EST

Facebook is an utter waste of time and has no redeeming values that I can discern, More disturbingly, it has become a showcase for vulgar narcissism and voyeurism.

Review: Invoxia NVX 610 Desk Phone

Thu, 02 Feb 2012 11:23:13 EST

Invoxia NVX 610 is a desk phone with a difference with powerful conference call features, clever iOS integration and more than a hint of Apple-inspired design.

Facebook Finds Many 'Friends' in Indonesia

Thu, 02 Feb 2012 10:50:26 EST

Two of Facebook’s three biggest existing markets (by number of users) are India and Indonesia.

2g Scam: Telecom Minister Welcomes SC's Judgement

Thu, 02 Feb 2012 08:36:03 EST

Telecom Minister Kapil Sibal said on Thursday that the central government 'welcomes' the judgement of the Supreme Court by which the apex court scrapped 2G spectrum licences of 122 mobile networks granted during the tenure of A Raja as the telecom minister since early 2008.

Qualcomm Handily Beats Street; Shares Rise

Wed, 01 Feb 2012 20:49:06 EST

Qualcomm Inc's quarterly profit easily beat Wall Street forecasts and the wireless chip leader raised its full-year financial targets due to growing demand for smartphones such as Apple Inc's popular iPhone.

AOL Shares Jump 16% on Display Ad Gains

Wed, 01 Feb 2012 15:20:01 EST

Shares of AOL, the seventh most-visited Website, leaped as much as 16.5 percent Wednesday after reporting improved financial results bolstered by a rise in display advertising.

Samsung Galaxy S3 Will Not Appear at Mobile World Congress

Wed, 01 Feb 2012 10:05:59 EST

The Samsung Galaxy S3 will not be making its debut at Mobile World Congress, contrary to popular belief that the quad-core smartphone would appear in late February.