| Good afternoon Bit | | | Growing demand for phones running on Google's Android platform will help the smartphone market grow in 2011, boosting companies like HTC and Samsung who are betting on the platform, analysts said. The smartphone market will grow 58 percent this year and 35 percent the next, research firm Gartner said. Android, a distant No. 2 to Nokia's Symbian platform just last year, will increase its market share to 39 percent in 2011, while Symbian's share will roughly halve to 19 percent following Nokia's decision to dump the platform. Apple's iPhone platform will be slightly bigger than Symbian this year, while Research In Motion will control 13 percent of the market and Microsoft Windows Phone 6 percent. Sales of cameraphones will grow to more than 1 billion handsets this year, helped by fast growth at the high end of the market, Strategy Analytics said. Moody's cut its credit rating on Nokia, citing the Finnish company's weakening market position and uncertainty over its transition to Microsoft's Windows Phone software. HTC overtook Nokia in market capitalization for the first time on Thursday. Nokia still has higher volumes, selling 19 phones for each HTC phone sold last year. But its average sale price was just $85 compared with HTC's $360, according to Strategy Analytics. The Justice Department is close to a deal that would allow Google to buy airline ticketing software company ITA Software, while requiring that the software remain available to Google rivals, according to a source close to the deal. | | Special report: How News Corp got lost in Myspace | April 07, 2011 01:08 PM ET | NEW YORK (Reuters) - As Rupert Murdoch stepped into the Grand Ballroom of San Francisco's Palace Hotel at the Web 2.0 conference in October 2007, the developers and engineers who packed the room fell into a respectful hush. It was the sort of greeting usually reserved for one of their own tech heroes, not a 76-year-old media mogul. | Full Article | FCC mandates wireless data roaming | April 07, 2011 01:26 PM ET | WASHINGTON (Reuters) - U.S. regulators on Thursday adopted data roaming rules that would allow smartphones to access the Internet in areas across the country not covered by their wireless carrier. | Full Article | | | BUSINESS NEWS
| More signs of Fed discord on rate policy | April 07, 2011 01:01 PM ET | ROANOKE, Virginia (Reuters) - Two top Federal Reserve officials offered conflicting views on interest rates on Thursday, one arguing they should stay low for a long time and another saying a rate hike could be in the cards this year. | Full Article | Congress pushes for final budget deal | April 07, 2011 05:25 PM ET | WASHINGTON (Reuters) - With time running out, an ideological fight in the Congress over abortion and environmental issues threatened on Thursday to derail an agreement to avert a government shutdown. | Full Article | Jobless claims fall, retail sales stronger | April 07, 2011 01:21 PM ET | WASHINGTON (Reuters) - New claims for jobless benefits fell last week and retailers racked up much stronger-than-expected sales in March, signs that high fuel prices have not knocked the economy off its growth path. | 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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