 | Good afternoon Bit |  |  | Yahoo will pay $270 million for interclick as it tries to revive its ailing online advertising business, even as the search and advertising giant continues to scout for potential bidders. Yahoo is paying $9 per share, or about a 22 percent premium, for the online advertising technology firm. "It's not a transformational acquisition, but it helps Yahoo in a market they are not strong in ... they have to take some steps to keep pushing forward," BGC Partners analyst Colin Gillis said.
Olympus named six men, including a former Japanese supreme court justice, to investigate past M&A deals at the core of a scandal engulfing the endoscope and camera maker in a bid to stem an exodus of irate investors. None of the six have had any previous association with the company, an Olympus spokeswoman said. As yet, no deadline for the group to report its findings has been set, she added.
HP unveiled plans to develop extremely low-energy servers, partnering with companies such as chip designers ARM and AMD in a move that could threaten the dominance of Intel. The new servers will significantly reduce both power and space requirements, HP said. HP's first Calxeda-based pilot server platforms will be available in the first half of next year, the company said, but did not reveal when HP expects to sell the production version. Explosive growth in data centers that drive the Internet is taking up increasing amounts of electricity and tech companies are looking for ways to make servers more efficient and trim their energy bills.
Britain and the U.S. rejected calls from China and Russia for greater Internet controls at the opening of a major cyberspace conference, but Western states faced accusations of double standards. While Western states worry about intellectual property theft and hacking, authoritarian governments are alarmed at the role the Internet and social media played in the protests that swept the Arab world this year. Around 60 countries, including China, Russia and India, are represented at the conference as well as tech industry figures such as Jimmy Wales, founder of Wikipedia, and senior executives from Facebook and Google. | | | LATEST NEWS | | MetroPCS churn rises, profit misses Street view | | November 01, 2011 10:09 AM ET | | (Reuters) - MetroPCS saw a sharp increase in customer defections in the third quarter as heavy use of bandwith-hungry smartphones hurt its network performance, sending its shares down almost 9 percent in morning trade. | Full Article | | Some flood-hit Thai tech firms aim to reopen by Dec | | November 01, 2011 07:17 AM ET | | BANGKOK (Reuters) - Some big Thai producers of electronic parts could have their flood-hit factories up and running again by the end of November, sooner than expected now that flooding in central provinces has stabilized, but the picture varies greatly across industry. | Full Article | | New cyber attack targets chemical firms | | November 01, 2011 09:23 AM ET | | (Reuters) - At least 48 chemical and defense companies were victims of a coordinated cyber attack that has been traced to a man in China, according to a new report from security firm Symantec Corp. | Full Article | | Palestinians say hackers hit Internet services | | November 01, 2011 12:26 PM ET | | RAMALLAH, West Bank (Reuters) - Hackers disrupted Palestinian Internet services in the West Bank and Gaza Strip on Tuesday, the Palestinian telecoms minister said, alleging that a foreign government was behind the interference. | Full Article | | | BUSINESS NEWS
| | Greece risks meltdown after bailout vote bombshell | | November 01, 2011 04:47 PM ET | | ATHENS (Reuters) - The Greek government faced possible collapse on Tuesday as ruling party lawmakers demanded Prime Minister George Papandreou resign for throwing the nation's euro membership into jeopardy with a shock call for a referendum. | Full Article | | Analysis: Wild market may send investors home early in 2011 | | November 01, 2011 04:56 PM ET | | Having soared just days ago on a pledge by European leaders to prop up euro zone banks and stem the spread of a festering debt crisis, world stock markets and the euro came crashing back to earth this week as Greece's government hovered near collapse. | Full Article | | MF Global accounts shock leaves clients scrambling | | November 01, 2011 04:42 PM ET | | CHICAGO/NEW YORK (Reuters) - MF Global Holdings Ltd failed to protect customer accounts by keeping them separate from its own funds, said a top U.S. exchange regulator, another shock for commodity markets scrambling to contain fallout from the brokerage's bankruptcy. | Full Article | | October auto sales up, but concerns deepen | | November 01, 2011 04:15 PM ET | | DETROIT (Reuters) - Auto sales rose in October due to pent-up demand for cars and trucks although the gains failed to offset concerns that financial crisis in Europe could derail the industry's slow recovery. | 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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