2011年11月23日星期三

Technology Report: HP can keep secret report on Hurd departure

Reuters
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11/22/2011
News Good afternoon Bit
EU regulators investigating Apple and Samsung over their patents dispute are worried intellectual property rights may be unfairly used by some firms against their rivals, the EU antitrust chief said. "We need to look at this because IP rights can be used as a distortion of competition but we will need to look at the answers," EU Competition Commissioner Joaquin Almunia told reporters. "Apple and Samsung is only one case where IP rights can be used as an instrument to restrict competition," he said.

Netflix's shares dropped as much as 7 percent after it warned of a loss for 2012, a move that prompted several Wall Street analysts to cut their price targets for the online video and DVD rental company. Netlfix said that it had recently lost a "significant" number of customers, who objected to Netflix's decisions to raise its prices and split up its streaming and DVD business -- an idea it later dropped. "If we do not reverse the negative consumer sentiment toward our brand, and if we continue to experience significant customer cancellations and a decline in subscriber additions, our results of operations including our cash flow will be adversely impacted," Netflix said. Netflix shares ended the day down 5.4 percent at $70.45.

Groupon stock slumped on concern about increased competition, leaving shares of the largest daily deal company close to their $20 initial public offering price. LivingSocial, Groupon's closest rival, announced plans on Monday to offer 20 deals with national merchants on the crucial Black Friday shopping period. Groupon shares ended the trading day down nearly 15 percent.

Samsung Electronics, the world's top TV maker, is in last-stage talks with Google to roll out its Google TVs, the head of Samsung's TV division told reporters. Samsung in January displayed a new Google TV-enabled Blu-ray player and companion box at the Consumer Electronics Show, but did not commercialize the offerings. The company said it plans to unveil its Google TV at an event next year without elaborating on the schedule.
LATEST NEWS
HP can keep secret report on Hurd departure
November 22, 2011 03:35 PM ET
(Reuters) - Hewlett-Packard Co does not have to turn over to a shareholder an internal report that led to the departure of former chief executive Mark Hurd, Delaware's Supreme Court ruled. | Full Article
Olympus ex-CEO Woodford to attend board meeting
November 22, 2011 10:30 AM ET
TOKYO/LONDON (Reuters) - The sacked chief executive of Japan's disgraced Olympus Corp says he has accepted an invitation to attend the company's board meeting this week, which could be a hopeful sign for investors who want him to return and lead a clean-up of the firm. | Full Article
Qualcomm wins first deal for new screens
November 22, 2011 11:38 AM ET
(Reuters) - Qualcomm has won a first deal for its new Mirasol display technology by supplying the South Korean Kyobo Book Center's new e-reader. | Full Article
BlackBerry conference moved due to Thai flooding
November 22, 2011 02:36 PM ET
TORONTO (Reuters) - BlackBerry maker Research In Motion has moved next month's Asian developer conference from Bangkok to Singapore due to flooding in the Thai capital. | Full Article
Epic fail for Qantas Twitter competition
November 22, 2011 08:57 AM ET
CANBERRA (Reuters) - Australia's Qantas Airlines has been left red-faced after an ill-timed public relations campaign and Twitter competition backfired, drawing thousands of angry responses. | Full Article
BUSINESS NEWS
Wall Street ends down for fifth day on Europe
November 22, 2011 04:05 PM ET
NEW YORK (Reuters) - Stocks fell for a fifth day on Tuesday, having lost more than 5 percent over that period as borrowing costs in Spain hit another record. | Full Article
Fed to test six U.S. banks on Euro stress
November 22, 2011 04:27 PM ET
WASHINGTON (Reuters) - The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis. | Full Article
Merck to pay about $950 million to settle U.S. Vioxx charge
November 22, 2011 04:11 PM ET
(Reuters) - Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller Vioxx for an unapproved use, the U.S. Justice Department said on Tuesday. | Full Article
States moving on smaller U.S. mortgage probe deal
November 22, 2011 04:11 PM ET
WASHINGTON (Reuters) - States are crafting a scaled-back mortgage abuses settlement with top U.S. banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices. | Full Article
Third-quarter growth cut on weak inventories
November 22, 2011 03:17 PM ET
WASHINGTON (Reuters) - The U.S. economy grew more slowly than previously estimated in the third quarter but a drawing down of stocks held by companies and firm consumer spending suggested output would pick up in late 2011. | Full Article
U.S. TOP NEWS
Obama pushes divided Congress to extend tax cut
Egypt generals promise transfer to civilian rule
Three U.S. students held in Egypt over protests
JP Morgan to buy MF Global stake in LME: sources
Former Obama fundraiser Rezko gets 10-year sentence
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