 | Good afternoon Bit |  |  | Score a point for Apple. Software maker Adobe scrapped its Flash Player for mobile devices after a mutli-year battle with Apple over the merits of the technology, which is used to view videos and play games on the Web. Take a look back at the legendary tech spat in this blow-by-blow timeline that stretches back to January 2007 when Apple launched its iPhone with a browser that was not compatible with Adobe's Flash player.
The company said in a blog post it plans to focus its future mobile browsing efforts on HTML5, a competing technology that is now universally supported on all major mobile devices.
Online business reviews site Yelp has hired bankers to lead an intitial public offering that could value the company at up to $2 billion, several people familiar with the matter told DealBook's Evelyn M. Rusli. Goldman Sachs and Citigroup will participate in the offering, which is expected in the first quarter of next year, one of the sources said.
Cisco Systems singaled a turnaround on Wednesday when it raised its forecast revenue and earnings above Wall Street expectations as demand from government and enterprises for its network equipment remained resilient despite global economic troubles. Earlier, the company reported quarterly earnings per share that beat estimates, signaling that efforts to revive growth are beginning to pay off.
Delays were being reported by some BlackBerry customers on Wednesday, but Research in Motion said it's not experiencing problems on the scale of an outage last month that knocked out service for four days. "There is no system-wide outage," a company spokesman told Reuters, adding that the delays being reported are limited to Europe, the Middle East, India and Africa.
Google's Chairman Eric Schmidt reassured its Android partners embroiled in lawsuits that it will continue to support them in their disputes with other firms. That support takes the form of information sharing, industry expertise and access to Google's patents for licensing and legal purposes, Schmidt said during a visit to Tapei on Wednesday.
Reuters tech correspondent Bill Rigby strolls the streets in Seattle's South Lake Union district, an emerging technology hub that calls to mind Silicon Valley to the south. In addition to long-time tenant Amazon.com, the neighbourhood has seen a rush of newercomers setting up shop, including cloud computing firm Salesforce.com and online gaming company Zynga. Facebook also recently set up its new Seattle offices nearby. | | | LATEST NEWS | | Cisco Q2 outlook beats cautious Street view | | November 09, 2011 05:46 PM ET | | (Reuters) - Cisco Systems Inc forecast revenue and earnings above Wall Street expectations as demand from government and enterprises for its network equipment remained resilient despite global economic troubles. | Full Article | | RIM investigating reports of BlackBerry delays | | November 09, 2011 04:47 PM ET | | (Reuters) - BlackBerry maker Research In Motion is investigating reports some users are experiencing delays, but it said on Wednesday that it is not fighting a outage similar to the one that took down its service for four days last month. | Full Article | | In Microsoft's shadow, Seattle's tech scene surges | | November 09, 2011 10:35 AM ET | | SEATTLE (Reuters) - The transformation of Seattle's South Lake Union district stands as a metaphor for this city's emergence as what some would argue is the West Coast's second most important hub of technology and entrepreneurship. | Full Article | | | BUSINESS NEWS
| | Italy at breaking point; fears grow of euro zone split | | November 09, 2011 05:45 PM ET | | ROME/BERLIN (Reuters) - Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government threatened prolonged instability and kindled fears of a split in the euro zone. | Full Article | | GM outlook disappoints, shares tumble | | November 09, 2011 05:49 PM ET | | DETROIT (Reuters) - General Motors Co posted a lower third-quarter profit on losses in Europe and offered a disappointing outlook that raised doubts about the speed of its turnaround two years after emerging from bankruptcy. | Full Article | | Alabama's Jefferson County OKs bankruptcy filing | | November 09, 2011 05:51 PM ET | | BIRMINGHAM, Alabama (Reuters) - Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history. | Full Article | | Olympus shareholder calls for reinstatement of ex-CEO | | November 09, 2011 06:04 PM ET | | (Reuters) - A big shareholder in Japan's scandal-hit Olympus Corp called for it to reinstate its sacked CEO to lead a "clean up" of the firm, piling more pressure on Olympus to put a broom through its current board and management. | Full Article | | Three killed, scores trapped after Turkish quake: media | | November 09, 2011 05:46 PM ET | | ANKARA (Reuters) - At least three people were killed and scores more trapped under the rubble of two hotels and a dozen other buildings when an earthquake hit eastern Turkey on Wednesday, less than three weeks after another quake killed 600 in the same area. | 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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