Πέμπτη, 11 Αυγούστου 2011

Fwd: Technology Report: Viacom, Cablevision settle iPad streaming dispute






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08/10/2011
News Good afternoon John
Cisco Systems Inc's quarterly results edged past Wall Street's scaled-back expectations as IT spending held up despite fears of a severe pullback, buoying its shares in extended trading. The world's largest networking equipment maker reported sales of $11.2 billion in the fiscal fourth quarter, surpassing expectations for under $11 billion.

"They beat a low bar. A lot of it is coming from cost cutting, which we anticipated. In that sense it's a relief," Joanna Makris of Mizuho Securities USA told Reuters.

Groupon Inc's plans for an initial public offering have been dented by the stock market slump and new financial disclosures that suggest the daily deal company's business is slowing in North America, analysts said on Wednesday.

Facebook has begun closing the accounts of California prison inmates after a convicted child molester viewed the pages of his victim from behind bars, authorities and the social networking site said.

Now Reuters.com columnist Mitch Lipka wonders if Facebook can help its 750 million citizens, like Elisa Zuritsky, protect themselves from hackers?

A German court has temporarily barred Samsung Electronics from selling its flagship Galaxy tablet in most of the European Union in a significant victory for market leader Apple Inc.

In other Apple news, media companies are taking different routes in addressing new iTunes subscription rules announced a couple months ago. AllThingsDigital's Peter Kafka says big print publishers like the New York Times are complying with the new rules and handing over 30 percent of their subscription revenues "in order to reach the 225 million iTunes accounts Apple controls."
LATEST NEWS
Viacom, Cablevision settle iPad streaming dispute
August 10, 2011 05:26 PM ET
NEW YORK (Reuters) - Viacom Inc and Cablevision Systems Corp have resolved a dispute over the latter's alleged unauthorized streaming of Viacom programing on devices such as Apple Inc's iPad. | Full Article
Apple blocks Samsung's Galaxy tablet in EU
August 10, 2011 01:29 PM ET
SEOUL/SAN FRANCISCO (Reuters) - A German court has temporarily barred Samsung Electronics from selling its flagship Galaxy tablet in most of the European Union in a significant victory for market leader Apple Inc. | Full Article
Congresswoman eyes McAfee briefing on cyber attacks
August 10, 2011 01:49 PM ET
WASHINGTON (Reuters) - A congresswoman on Wednesday requested more information on security company McAfee's report detailing a five-year hacking campaign that breached 72 organizations globally. | Full Article
Groupon IPO dented by market, new numbers
August 10, 2011 05:43 PM ET
SAN FRANCISCO (Reuters) - Groupon Inc's plans for an initial public offering have been dented by the stock market slump and new financial disclosures that suggest the daily deal company's business is slowing in North America, analysts said on Wednesday. | Full Article
Banks drag Wall Street lower, fear returns
August 10, 2011 05:57 PM ET
NEW YORK (Reuters) - Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector. | Full Article
BUSINESS NEWS
Most Americans say U.S. on wrong track: poll
August 10, 2011 04:21 PM ET
WASHINGTON (Reuters) - Economic fears are weighing heavily on Americans, with a large majority saying the United States is on the wrong track and nearly half believing the worst is yet to come, a Reuters/Ipsos poll said on Wednesday. | Full Article
Cisco surpasses low expectations, shares pop
August 10, 2011 05:46 PM ET
SAN FRANCISCO (Reuters) - Cisco Systems Inc forecast slim revenue growth this quarter, a pleasant surprise to investors bracing for a sharp pullback in global technology spending that sent its shares soaring 10 percent. | Full Article
News Corp profit up, Murdoch says board supports him
August 10, 2011 05:19 PM ET
NEW YORK (Reuters) - News Corp reported a higher quarterly profit on Wednesday, and its chairman and chief executive Rupert Murdoch said the media company's board wants him to remain CEO after a phone hacking scandal at its UK newspaper unit raised questions about his leadership. | Full Article
Mutual fund outflows biggest since March 2009: ICI
August 10, 2011 04:56 PM ET
NEW YORK (Reuters) - Investors pulled the most money out of U.S. mutual funds in the week ended August 3 since the depths of the stock market collapse in March 2009, with net redemptions of $16.9 billion, data from the Investment Company Institute showed on Wednesday. | Full Article
UK streets calmer after nights of riots and chaos
August 10, 2011 05:32 PM ET
LONDON (Reuters) - Days of rioting and looting across Britain looked to be cooling Wednesday after Prime Minister David Cameron's promised a fightback and flooded city streets with police to try to restore order. | Full Article
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