Technology Report: Sprint to sell iPhone with unlimited data service

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	10/5/2011
Good afternoon Bit Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation told Reuters on Wednesday. Microsoft joins a host of other companies looking at Yahoo, which has a market value of about $18 billion and is readying financial pitch books for potential buyers, they said. Those companies include buyout shops Providence Equity Partners, Hellman & Friedman and Silver Lake Partners, as well as Chinese e-commerce giant Alibaba and Russian technology investment firm DST Global, the sources said. Rival smartphone makers could exploit a rare letdown by Apple in the launch of its new iPhone 4S model, which failed to wow fans, and grab a bigger share of the most lucrative part of the phone market. In a sign that even Facebook is not immune to market volatility, the WSJ reports that the price of shares for the social network has slowed on secondary markets, falling 8 percent since July. India launched what it dubbed the world's cheapest tablet computer Wednesday, to be sold to students at the subsidized price of $35 and later in shops for about $60. Reuters blogger Felix Salmon, who has had an ongoing spat with Business Insider founder Henry Blodget, had this to say about Blodget ringing the opening bell at the NYSE: "Blodget's VIP status on the floor of the NYSE today shows how far he's come from the dot-bust days of his disgrace." LATEST NEWS Sprint to sell iPhone with unlimited data service October 05, 2011 05:36 PM ET (Reuters) - Sprint Nextel plans to offer customers who buy the Apple Inc iPhone its unlimited data service for a flat monthly fee, potentially putting pressure on bigger rivals Verizon Wireless and AT&T Inc. | Full Article Apple stumble seen opening door for rivals October 05, 2011 09:29 AM ET TAIPEI/HELSINKI (Reuters) - Rival smartphone makers could exploit a rare letdown by Apple in the launch of its new iPhone 4S model, which failed to wow fans, and grab a bigger share of the most lucrative part of the phone market. | Full Article RIM jumps more than 12 percent on more takeover talk October 05, 2011 05:00 PM ET TORONTO (Reuters) - Shares of Research In Motion surged on Wednesday on takeover speculation a day after the BlackBerry maker's stock fell below $20 for the first time in almost six years. | Full Article Salesforce drama steals show at Oracle conference October 05, 2011 04:34 PM ET SAN FRANCISCO/BOSTON (Reuters) - Salesforce.com Inc scored a coup by publicizing a dispute with rival Oracle Corp over something seemingly as mundane as the timing of a speech. | Full Article Wall Street jumps for second day as materials, oil lead way October 05, 2011 04:33 PM ET NEW YORK (Reuters) - Stocks rallied for a second day on Wednesday, as investors bid up materials and energy shares on rising commodity prices and poured into beaten-down tech names after days of selling. | Full Article BUSINESS NEWS Service sector growth slows, employment mixed October 05, 2011 02:23 PM ET NEW YORK/WASHINGTON (Reuters) - Growth in the U.S. service sector was steady in September and private hiring picked up, suggesting the economy was not yet slipping into recession. | Full Article Exclusive: Dozens of states probe Medco/Express Scripts deal October 05, 2011 05:30 PM ET WASHINGTON (Reuters) - Over two dozen states are scrutinizing Express Scripts' proposed acquisition of Medco Health Solutions , as pharmacists stoke fears that the $22 billion deal would propel the companies' aggressive tactics. | Full Article UBS equities heads quit as bank admits mistakes October 05, 2011 04:37 PM ET LONDON/ZURICH (Reuters) -The two heads of the UBS division that caused a $2.3 billion loss stepped down on Wednesday as an internal investigation into the trading scandal showed risk systems had detected unauthorized activity but failed to respond. | Full Article For banks, recovery is fading October 05, 2011 01:08 PM ET (Reuters) - U.S. bank profits have been rising steadily for more than a year, but the recovery may be losing momentum due to weak loan demand and low lending rates. | Full Article Tax on rich will pay for Obama jobs plan: Democrats October 05, 2011 05:10 PM ET WASHINGTON (Reuters) - Senate Democrats want to hit millionaires with a 5 percent surcharge on their taxes to pay for President Barack Obama's $447 billion jobs program, but the plan seems to be going nowhere in the divided Congress. | Full Article U.S. TOP NEWS Plot to kill Afghan president foiled: agency Romney under pressure to break from Republican pack Insight: What a stronger Chinese yuan means for the U.S. Special Report: Europe's debilitating deja vu Director Von Trier questioned over Hitler remarks RELATED VIDEO U.S. Navy embraces biofuelled future Japan tech show merges real, virtual New iPhone fails to impress A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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