Παρασκευή, 15 Ιουλίου 2011

Fwd: Technology Report: Analysis: Press barons lose information monopoly in Twitter era






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07/14/2011
News Good afternoon John
Google shares soared in after-hours trade as the company's second-quarter revenue zoomed past Wall Street expectations. The Internet giant's net revenue, which excludes fees paid to partner websites, jumped 36 percent to $6.92 billion in the second quarter. Growth in a range of business from mobile to online video helped the company ring up a strong quarterly profit that also exceeded investor expectations. "Google should be viewed as a growth company again this quarter," Stifel Nicolaus analyst Jordan Rohan told Reuters. "The combination of mobile search, Android, ad exchange, YouTube, and the core search businesses, they're all doing well. Google is no longer a one-trick pony."

The pool of underwriters working on Groupon's upcoming initial public offering just got a lot bigger. The online daily deals website has added 11 new underwriters, including JPMorgan, Allen & Co, Bank of America Merrill Lynch, Barclays Capital, Citigroup, Deutsche Bank Securities, William Blair & Co, Citadel Securities, Loop Capital Markets, RBC Capital Markets and the Williams Capital Group, according to an updated regulatory filing. They join Morgan Stanley, Goldman Sachs and Credit Suisse, who were the lead underwriters named in the earlier filing.

Blockbuster unveiled a new promotion on Thursday aimed at scooping up Netflix subscribers who are unhappy about new price increases the company announced this week to its streaming-and-DVD plan. Blockbuster, which is owned by Dish Network, offered Netflix customers who switched to one of Blockbuster's "total access" plans a 30-day free trial. Netflix has tried to deflect the rage from its subscribers. "We knew there would be some people who would be upset," a company spokesman told the International Business Times recently. "To most people, it's a latte or two."

Is Research in Motion working on a Web TV device? Boy Genius Report picks up on a post over at BlackBerry fan site NerdBerry.net that claims the company will launch the media player this fall. Codenamed "BlackBerry Cyclone", the device is rumored to be similar to Apple's TV box and will enable users to stream media from sites such as Neflix and YouTube directly to their television.
LATEST NEWS
Analysis: Press barons lose information monopoly in Twitter era
July 14, 2011 01:57 PM ET
LONDON (Reuters) - Britain's celebrities might no longer have to worry about the News of the World hacking phones or rifling their bins, but the manner of the paper's demise shows controlling information is getting much more difficult. | Full Article
Pentagon to treat cyberspace as "operational domain"
July 14, 2011 05:31 PM ET
WASHINGTON (Reuters) - The Defense Department unveiled a new strategy for protecting military computer networks from hackers on Thursday, designating cyberspace as an "operational domain" U.S. forces will be trained to defend. | Full Article
Blockbuster targets disgruntled Netflix customers
July 14, 2011 04:16 PM ET
NEW YORK (Reuters) - Blockbuster is seeking to persuade incensed Netflix Inc customers to switch their allegiances, after the fast-growing online video service provoked a storm of outrage this week by raising prices as much as 60 percent | Full Article
Apple pays S.Korean user compensation over iPhone tracking
July 14, 2011 05:48 AM ET
SEOUL (Reuters) - Apple Inc's Korean unit has paid compensation to a user of its popular iPhone after collecting location data without consent, lawyers and court officials said, the first payout by the company over these complaints. | Full Article
Bernanke halts Wall St rally; Google jumps late
July 14, 2011 04:58 PM ET
NEW YORK (Reuters) - Stocks fell on Thursday as Fed Chairman Ben Bernanke backed off hints additional near-term stimulus could be on the way, removing a possible catalyst from a market already facing plenty of obstacles. | Full Article
BUSINESS NEWS
Jobless claims fall, but retail sales timid
July 14, 2011 02:54 PM ET
WASHINGTON (Reuters) - The economy may not see a strong pick-up in growth in the second half of 2011 as the number of Americans filing for first-time jobless benefits remained high last week and retail sales barely rose in June. | Full Article
JPMorgan profit rises, loan book grows
July 14, 2011 05:14 PM ET
NEW YORK (Reuters) - JPMorgan Chase & Co posted a higher-than-expected second-quarter profit as it wrote off fewer bad mortgages and credit card loans. | Full Article
Bernanke warns spending cuts could derail recovery
July 14, 2011 06:11 PM ET
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Thursday that overzealous cuts to government spending in the short term could derail a shaky recovery and said a debt default could wreak financial havoc. | Full Article
UBS wins review of Madoff trustee's $2.6 billion suits
July 14, 2011 04:34 PM ET
NEW YORK (Reuters) - UBS AG won review by a Manhattan federal judge of $2.6 billion of lawsuits brought by the trustee liquidating Bernard Madoff's firm, at least the fourth time a bank has obtained access to that court. | Full Article
Murdochs bow to pressure to attend UK parliament
July 14, 2011 06:22 PM ET
LONDON (Reuters) - Rupert Murdoch on Thursday caved in to pressure from Britain's parliament to answer questions over alleged crimes at one of his newspapers, setting up a showdown with lawmakers keen to break the media mogul's grip on politics. | Full Article
U.S. TOP NEWS
Obama, lawmakers debate taxes in latest deficit talk
FBI to probe News Corp 9/11 hacking allegations
Moody's puts U.S. ratings on review for downgrade
Deutsche Boerse owners back $9.7 billion NYSE merger
JetBlue offers $4 L.A.-area "Carmageddon" flights
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