Technology Report: Analysis: Aging PC giants see writing on the wall

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	07/22/2011
Good afternoon Bit Customers at an apparent Apple Store in the Chinese city of Kunming berated staff and demanded refunds after the shop was revealed to be an elaborate fake, sparking a media and Internet frenzy. Staff were also angry at the unwanted attention after more than 1,000 media outlets picked up the story and pictures of the store from the BirdAbroad blog. Apple declined to comment on the fake store or others like it dotted around China. Apple was in early talks to join the bidding for Hulu, the online video site that Walt Disney Co, News Corp and its other owners have put up for sale, Bloomberg cited two unidentified sources as saying. Verizon Wireless signed up 1.3 million fewer iPhone customers than AT&T and Verizon Wireless customers spent less per month than expected in the second quarter, disappointing Wall Street. While Verizon Wireless added three times more net subscribers in the quarter than AT&T, it only activated 2.3 million Apple iPhones compared with 3.6 million activations at AT&T. Facebook won a dismissal of a second lawsuit by the Olympic rowing twins Cameron and Tyler Winklevoss, who have sought to increase their $65 million settlement with the social media company and its founder Mark Zuckerberg. RIM said it has bought Swedish video editing company JayCut and hinted the operation will work on features for its PlayBook tablet computer. JayCut joins Stockholm-based design company The Astonishing Tribe, which was bought by the Canadian smartphone and tablet maker in December to improve user interface. LATEST NEWS Analysis: Aging PC giants see writing on the wall July 22, 2011 02:30 PM ET SAN FRANCISCO (Reuters) - Silicon Valley's old guard is waking up to the fact that the era of consumer PC may be in its twilight, accelerating the need to invest and adapt to rapidly changing tastes. | Full Article With space shuttle era over, U.S. robot set for Mars July 22, 2011 04:25 PM ET CAPE CANAVERAL, Florida (Reuters) - NASA moved to a new chapter in space exploration on Friday, a day after the end of its shuttle program, by announcing details of plans to determine if Mars has or ever had the ingredients for life. | Full Article Insight: Fake Apple store cuts to core of China risk to brands July 22, 2011 08:51 AM ET SHANGHAI (Reuters) - A fake Apple store in China, made famous by a blog that said even the staff working there didn't realize it was a bogus outlet, is probably the most audacious example to date of the risks Western companies face in the booming Chinese market. | Full Article Amazon's next billion-dollar business eyed July 22, 2011 11:02 AM ET SAN FRANCISCO (Reuters) - Amazon.com Inc's cloud computing unit may be its next billion-dollar business and analysts will be watching for clues on how fast this secretive unit is growing when the Internet retailer reports results next week. | Full Article Spanish piracy law draws U.S. investments: minister July 22, 2011 10:22 AM ET MADRID (Reuters) - Major U.S. and Spanish companies are preparing to invest in online music and movie services in Spain once a controversial new law to fight piracy takes effect next month, the country's culture minister said. | Full Article BUSINESS NEWS Nasdaq ends up on chipmaker earnings July 22, 2011 04:08 PM ET NEW YORK (Reuters) - Investors poured into tech shares on Friday as promising chipmaker earnings and optimism a solution was on the horizon for the U.S. debt stalemate triggered a move into growth-oriented shares. | Full Article Thomson Reuters shakes up Markets division July 22, 2011 02:44 PM ET NEW YORK (Reuters) - Thomson Reuters Corp said five more senior executives are leaving its Markets division in addition to its head Devin Wenig. | Full Article ECB's Trichet confident Greek crisis a one-off July 22, 2011 02:05 PM ET BERLIN (Reuters) - Greece's sovereign debt crisis will prove unique in the euro zone and will not spread to other countries, European Central Bank President Jean-Claude Trichet said in a newspaper interview on Friday. | Full Article GE tops Wall Street estimates on overseas demand July 22, 2011 11:09 AM ET BOSTON (Reuters) - General Electric Co notched a better-than-expected 21.6 percent rise in earnings, helped by strong demand for jet engines as well as equipment used in oil and natural gas production. | Full Article Analysis: Automakers wary as economy stuck in slow gear July 22, 2011 04:13 PM ET DETROIT (Reuters) - Each month, a dozen executives of General Motors Co gather on the 39th floor of their Detroit headquarters to survey the auto industry, the U.S. economy and how they will meet demand from customers. | Full Article U.S. TOP NEWS Oslo bomb kills 7, gunman fires on youth camp Fitch calls default, Greece pledges no let-up on debt Obama vows "hard choices" on debt as Democrats fume UK lawmaker asks police to investigate Murdoch When life gives you lemons.. RELATED VIDEO New Mars rover to land in giant Gale crater Breakingviews: Microsoft should search for Bing buyer Will the real Apple store please open your door 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 Sheriff blasts 'Dog' bounty hunter's tactics Full Article Symbol in Syriac may be world's first question mark Fake Apple Store even fools staff Hotel snore controls aim to banish sleepless nights Smackdown? Humble Pie? 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