 | Good afternoon John |  |  | Samsung will become the world's largest smartphone maker this quarter followed by Apple, overtaking struggling Nokia which has lead the market since 1996, Nomura said. Research firms Gartner and Canalys both said they saw Nokia -- which created the smartphone market with its 1996 launch of the Communicator model -- losing smartphone volume leadership later this year.
The Wall Street Journal's Shira Ovide sums up what is known about Facebook's IPO. Perhaps one of the most interesting facts is only a couple dozen U.S. companies, such as Exxon Mobil, GE and J.P. Morgan Chase, have stock-market values above $100 billion.
Google plans to buy online advertising company AdMeld to grab a larger slice of the market for graphical display ads. Google did not disclose the financial terms of the deal, although TechCrunch reported last week that Google paid roughly $400 million, citing anonymous sources.
Governments, multinational corporations and global institutions are losing the battle against computer hackers and must combine their resources if they are to lock out cyber intruders, experts say. The International Monetary Fund has joined Sony and Google on a growing list of hacking victims but it is hard to identify the culprits who consistently manage to keep one technological step ahead of their pursuers. "This is an example of technology developing faster than the frameworks and sometimes the regulations around that," said Unilever chief executive Paul Polman on the sidelines of a World Economic Forum meeting in Jakarta.
Turkish police detained 32 members of the Anonymous cyberactivism collective on suspicion of planning attacks on a number of websites, Turkish state-run news agency Anatolian reported. The action came in response to a complaint from Turkey's Directorate of Telecommunications, whose website was taken down on Thursday as part of a protest against what Anonymous says is government censorship of the Internet. | | | LATEST NEWS | | Facebook looking at IPO in first quarter: report | | June 13, 2011 03:56 PM ET | | NEW YORK (Reuters) - Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than $100 billion, financial news channel CNBC reported on Monday. | Full Article | | Dell, BN.com do poorly in online service survey | | June 13, 2011 09:03 AM ET | | SAN FRANCISCO (Reuters) - The websites of computer giant Dell Inc and book seller Barnes & Noble Inc provide some of the worst customer service, according to a survey of the largest Internet retailers released on Monday. | Full Article | | Activists slam Syria "Gay Girl" blog hoax | | June 13, 2011 10:55 AM ET | | LONDON (Reuters) - Gay and political activists reacted angrily Monday after discovering a blog purportedly written by a gay woman detained by Syrian authorities was the work of an American university student living in Scotland. | Full Article | | | BUSINESS NEWS
| | Wall Street rises after recent losses | | June 13, 2011 02:51 PM ET | | NEW YORK (Reuters) - U.S. stocks edged higher on Monday, bouncing back as investors sought bargains after six weeks of declines and the market found technical support. | Full Article | | Phone taps convict three more of insider trading | | June 13, 2011 01:21 PM ET | | NEW YORK (Reuters) - Three former securities traders were convicted on Monday on all counts of fraud and conspiracy to commit insider trading on pending mergers, in another victory for prosecutors in their probe of suspicious trading on Wall Street. | Full Article | | ECB's Nowotny doesn't see new U.S. recession: paper | | June 13, 2011 12:11 PM ET | | VIENNA (Reuters) - European Central Bank Governing Council member Ewald Nowotny does not expect the U.S. economy to enter a double-dip recession and is more concerned about fast-growing developing markets, he told a newspaper. | Full Article | | Obama jobs-creation panel suggests modest steps | | June 13, 2011 02:43 PM ET | | DURHAM, North Carolina (Reuters) - With few tools left to heal the economy, President Barack Obama pledged on Monday to act on job-boosting ideas from a panel of top executives whose modest proposals fell short of a quick fix for stubbornly high unemployment. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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