 | Good afternoon Bit |  |  | Yahoo is considering a plan to unload most of its prized Asian assets in a complex deal valued at roughly $17 billion, sources familiar with the matter said.
The former Internet powerhouse's increasing difficulty in competing with heavyweights such as Google and Facebook have forced it to explore proposals to revamp its business.
Weakening economies and falling prices of rival smartphones are hurting sales of Apple iPhones across Europe, data from research firm Kantar Worldpanel ComTech showed on Thursday.
The October roll-out of Apple's iPhone 4S boosted its position in Britain and United States, but the new phones failed to excite interest in continental Europe, where Apple's share of the fast-growing smartphone market slipped.
Staying with Apple, a German court rejected the company's claims that Samsung Electronics' reworked tablet PC still looks like a copycat version of the iPad, in a preliminary assessment.
Apple is fighting several rival makers of smartphones and tablet PCs in courts worldwide over intellectual property.
Bloomberg reports that Funny Or Die, the comedy website founded by Will Ferrell, is pointing the way for Web-based entertainment companies by combining the scrappiness of an Internet startup with A-list talent that attracts viewers.
Finally, for those who couldn't quite make it to Stonehenge to watch the sun rise on Thursday's winter solstice, a new app could offer some consolation by offering a virtual tour around the mysterious stones.
| | | LATEST NEWS | | China tightens rules for microblog publishers: Xinhua | | December 22, 2011 05:16 AM ET | | BEIJING (Reuters) - China further tightened rules on microblogs on Thursday, requiring new authors on seven websites in southern Guangdong province to register their real names, state-run Xinhua news agency reported, in a move users decried as ineffective. | Full Article | | Siemens fixing cyber bugs in industrial control systems | | December 22, 2011 01:45 PM ET | | BOSTON (Reuters) - Siemens said it was working to fix flaws in some industrial controls products that researchers warned could make public utility systems, hospitals and other parts of the critical infrastructure vulnerable to attack by hackers. | Full Article | | Wall Street gains for third day | | December 22, 2011 02:35 PM ET | | NEW YORK (Reuters) - Stocks rose in another thinly traded session on Thursday, putting the S&P on track for its third straight advance after data pointed to ongoing improvement in the labor market and reinforced expectations for a rally into the end of the year. | Full Article | | Deutsche Boerse, NYSE deal wins U.S. approval | | December 22, 2011 02:10 PM ET | | WASHINGTON (Reuters) - Deutsche Boerse won U.S. antitrust approval to buy NYSE Euronext in a $9 billion deal to create the world's No. 1 exchange operator, but the transaction still faces serious regulatory headwinds in Europe. | Full Article | | Jobless claims drop signals economic momentum | | December 22, 2011 01:50 PM ET | | WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits hit a 3-1/2 year low last week, bolstering views the economy was gaining momentum, even though third-quarter growth was revised down. | Full Article | | | BUSINESS NEWS
| | Paulson funds down again in December: source | | December 22, 2011 03:27 PM ET | | NEW YORK (Reuters) - There will be no holiday cheer for hedge fund manager John Paulson this month, as his dismal performance in 2011 is capped off by another miserable performance so far in December. | Full Article | | Watchdog faults Ernst & Young on audits | | December 22, 2011 02:58 PM ET | | (Reuters) - A 2010 inspection by the U.S. audit industry watchdog faulted accounting giant Ernst & Young for a range of audit issues, including not getting enough supporting evidence and problems with testing the fair value of financial instruments. | Full Article | | Senate Republican tries to end tax impasse | | December 22, 2011 03:44 PM ET | | WASHINGTON, Dec 22 (Reuters) - The top Senate Republican on Thursday sought to break a year-end stalemate with Democrats over extending a payroll tax cut for 160 million Americans, an issue that has split his party and raised the risk of a U.S. economic downturn in 2012. | Full Article | | Exclusive: Pakistan army wants Zardari out but not a coup | | December 22, 2011 09:45 AM ET | | ISLAMABAD (Reuters) - Pakistan's powerful army is fed up with unpopular President Asif Ali Zardari and wants him out of office, but through legal means and without a repeat of the coups that are a hallmark of the country's 64 years of independence, military sources said. | Full Article | | Shi'ites targeted as Baghdad blasts kill 72 | | December 22, 2011 01:55 PM ET | | BAGHDAD (Reuters) - A wave of bombings killed at least 72 people in Baghdad Thursday, the first attacks since Iraq's Shi'ite-led government was engulfed in a crisis that risks fracturing the country along sectarian and ethnic lines. | 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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