Technology Report: Barry Diller steps down as IAC CEO, buys out Malone

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Good afternoon Bit, THU 02 Dec 2010    Barry Diller steps down as IAC CEO, buys out Malone Ebay buys local shopping site Milo Google: satellite platform to aid forest efforts Acer sees shortages as smartphone demand surprises RIM buys Swedish firm to improve screen design Clearwire plans to sell over $1.1 billion in debt FCC chief backs some rationing of Internet traffic DirecTV to add more than 200,000 U.S. subs in Q4 Time Warner's Bewkes skeptical of Netflix plan Motorola eyes home streaming to mobile High early scores for video game biz Solar-powered wheelchair sets record Robotic "elephant trunk" Barry Diller steps down as IAC CEO, buys out Malone December 02, 2010 01:28 PM ET NEW YORK (Reuters) - Barry Diller is stepping down as chief executive of IAC/InterActiveCorp, the company said, adding it had bought out one of its largest shareholders, John Malone's Liberty Media Corp. Full Article Ebay buys local shopping site Milo December 02, 2010 04:04 PM ET SAN FRANCISCO (Reuters) - EBay Inc has acquired shopping engine Milo.com, underscoring the growing allure of local services even as fellow Internet giant Google ponders buying discount coupon site Groupon. Full Article Google: satellite platform to aid forest efforts December 02, 2010 11:22 AM ET CANCUN, Mexico (Reuters) - Google Inc unveiled technology on Thursday it says will help build trust between rich and poor countries on projects designed to protect the world's tropical forests. Full Article Acer sees shortages as smartphone demand surprises December 02, 2010 09:21 AM ET PARIS (Reuters) - A surge in demand for the latest smartphones has taken the industry by surprise and left it facing a shortage in the key end-of-year holiday sales season, a chief of Acer's cellphone unit said. Full Article RIM buys Swedish firm to improve screen design December 02, 2010 04:28 PM ET TORONTO (Reuters) - Research In Motion has bought Swedish design company The Astonishing Tribe (TAT) as the BlackBerry maker seeks to enhance the look and functionality of its screens ahead of the launch of its PlayBook tablet. Full Article Clearwire plans to sell over $1.1 billion in debt December 02, 2010 01:55 PM ET NEW YORK (Reuters) - Clearwire Corp plans to sell more than $1.1 billion in debt after months of negotiations to stave off a looming funding gap as it spends billions on building a new wireless network. Full Article FCC chief backs some rationing of Internet traffic December 01, 2010 06:52 PM ET WASHINGTON (Reuters) - Internet service providers would be allowed to ration web traffic on their networks under a strategy unveiled by the top U.S. communications regulator that no longer focuses solely on open access. Full Article DirecTV to add more than 200,000 U.S. subs in Q4 December 02, 2010 01:15 PM ET NEW YORK (Reuters) - DirecTV Group expects to add significantly in excess of 200,000 net new subscribers in the United States in the current quarter, Chief Executive Mike White said on Thursday. Full Article Time Warner's Bewkes skeptical of Netflix plan December 02, 2010 08:48 AM ET NEW YORK (Reuters) - Time Warner Inc Chief Executive Jeffrey Bewkes questioned whether Netflix Inc's current business model of paying top dollar for rights to stream movies and TV shows over the Internet is sustainable in the long-term. Full Article Motorola eyes home streaming to mobile December 02, 2010 09:32 AM ET NEW YORK (Reuters) - Motorola Mobility plans next year to sell a product that lets consumers stream video to mobile devices such as tablet computers and cellphones in their home, a top executive for the company said on Wednesday. Full Article

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