 | Good afternoon Bit |  |  | Apple looked to ring in record first day sales as long lines made up of eager wannabe iPhone 4S owners formed at its stores around the world. In New York, the line outside Apple's flagship Manhattan store no longer extended around the block after a half-hour of sales, but more people joined it as the morning progressed. Queues in Paris were smaller than those normally seen for a brand-new iPhone, with some fans there wondering if the somewhat underwhelming introduction had put people off, but in London and elsewhere the lines were as long as ever.
Despite the enthusiasm at Apple stores, the launch was marred somewhat by widespread complaints this week online about problems downloading iOS 5, the latest version of Apple's mobile software. There were also problems with iCloud, Apple's online communications, media storage and backup service formally launched on Wednesday, with users reporting glitches such as losing their email access.
A judge in California said that Samsung's Galaxy tablets infringe Apple's iPad patents, but added that Apple has a problem establishing the validity of its patents. U.S. District Judge Lucy Koh did not rule on Apple's request to bar some Galaxy products from being sold in the U.S. but said she would do so "fairly promptly". Apple must show both that Samsung infringed its patents and that its patents are valid under the law. Samsung attorney Kathleen Sullivan argued that in order to defeat an injunction bid, Samsung need only show that it has raised strong enough questions about the validity of Apple's patents. Apple attorney Harold McElhinny said Apple's product design is far superior to previous tablets, so Apple's patents should not be invalidated by designs that came before.
Google announced that it will axe its microblogging service Buzz, to concentrate on its social networking service Google+. The launch of Google Buzz was marred by privacy snafus.
Britons are now including Internet passwords in wills to ensure their online music, photographs, videos and other digital data are not lost when they die, a British study showed. Around 11 percent of the 2,000 British people surveyed by the Center for Creative & Social Technology at the University of London for their "Cloud Generation" report said they had included Internet passwords or plan to include them in their wills in a trend that CAST labeled "digital inheritance." | | | Cloud spending helps techs as PC sales stagger | | October 14, 2011 01:21 PM ET | | (Reuters) - Big U.S. Internet computing companies should outshine their plainer PC cousins when earnings season kicks off next week, as corporations and fast-growing Web players dramatically accelerate their pace of hardware spending. | Full Article | | Ericsson growth seen slowing, outlook cloudy | | October 14, 2011 12:52 PM ET | | STOCKHOLM (Reuters) - The third quarter could mark the end of a hot streak for Ericsson as a combination of a global slowdown, tough competition and an increase in low margin business cloud the outlook for the world's top mobile equipment firm. | Full Article | | | BUSINESS NEWS
| | Wall Street posts first two-week surge since July | | October 14, 2011 04:10 PM ET | | NEW YORK (Reuters) - Stocks scored their first back-to-back weekly gains since early July on Friday, on strong Google earnings and as investors kept riding waves of optimism for a solution to the euro-zone debt crisis. | Full Article | | U.S. rejects plan to strengthen IMF in euro zone crisis | | October 14, 2011 03:34 PM ET | | PARIS (Reuters) - Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis ran into resistance from the United States and others on Friday, burying the idea for now and putting the onus firmly back on Europe. | Full Article | | U.S. budget gap widens, tops $1 trillion for third year | | October 14, 2011 03:23 PM ET | | WASHINGTON (Reuters) - The U.S. budget gap widened slightly in fiscal 2011, staying above $1 trillion for a third straight year and providing fodder for a political battle over taxes and spending ahead of next year's presidential election. | Full Article | | China inflation ticks lower, policy on pause | | October 14, 2011 02:13 PM ET | | BEIJING (Reuters) - China's consumer inflation dipped to 6.1 percent in September, retreating further from three-year highs, although stubborn food price pressures will deter the central bank from loosening its policy reins anytime soon. | Full Article | | Google jumps as investors cheer mobile growth | | October 14, 2011 04:08 PM ET | | (Reuters) - Shares of Google Inc jumped over 7 percent on Friday, a day after the internet search giant said robust growth at its mobile business and a strong emerging market lifted its third quarter, allaying worries that a slowing Europe was hurting business. | 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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