 | Good afternoon Bit |  |  | Samsung CEO Choi Gee-sung told reporters in Las Vegas the company overtook Nokia in handset revenue terms in its latest reported quarter and was confident of topping the Finnish group in shipments this year. Samsung's bullish forecast is in line with some analysts, including Royal Bank of Scotland, but on average analysts have expected Nokia to keep its lead on the market. According to the latest polls by Reuters, Nokia was expected to sell 418 million phones in 2011, versus Samsung's 320 million, the gap narrowing this year to 388 million versus 359 million.
Google made changes to its search engine, combining content posted by users of Google's social network Google+ and pic sharing site Picassa with regular search results. Links shared by a Google+ user's connections are given more weight and will show up in Web search results with a person icon beside them, VentureBeat's Jolie 'Odell writes. The changes increase Google+'s prominence online, which is lagging behind Facebook in total number of users.
Sony's videogaming business, led by its just-launched handheld "Vita", will prove pivotal in returning the company to profitability, Kazuo Hirai, the executive pegged to succeed Howard Stringer as president, said.
YouTube is looking to increase viewership on its online video service by making the service available on an array of connected devices and by adding new content, according Robert Kyncl, vice president in charge of content partnerships. Kyncl spent 2011 forging new partnerships with content providers to expand YouTube's offerings. YouTube has also reorganized its website to offer consumers video "channels" to cater to personal interests with an aim to making the site more appealing. Kyncl said that from about 500 content provider proposals YouTube received last year, YouTube had signed on about 100 partners, with whom it shares advertising revenue.
The U.S. government embarked on a rare criminal trial against a publicly traded company, AU Optronics, indicted in 2010 for fixing prices of liquid crystal display panels. The conspiracy illegally cost the U.S. economy billions of dollars, a U.S. prosecutor said in court on Tuesday. Several other companies, including LG, have already pleaded guilty in the LCD probe, while Samsung cut an early deal to avoid prosecution.
Telecom startup LightSquared is mounting a last-ditch effort to win U.S. regulatory approval for a new wireless network after being outmaneuvered by the GPS industry, which has spun doomsday scenarios of interference problems that could cause planes to fall out of the sky and threaten national security, Jasmin Melvin writes. It is a long shot, analysts say, for LightSquared to overcome the scare tactics effectively sold to lawmakers by the GPS industry. The company is staring down an end-of-the-month deadline for the government to give the green light, before partners start bolting and as its cash position gets more dire, Melvin adds. | | | LATEST NEWS | | Kodak sues Apple, HTC over digital image patents | | January 10, 2012 04:42 PM ET | | (Reuters) - The struggling Eastman Kodak Co on Tuesday sued Apple Inc, whose market value is more than 2,400 times greater, accusing it of infringing four patents related to digital camera images. | Full Article | | Olympus sues execs over scandal, shares surge | | January 10, 2012 06:32 AM ET | | TOKYO (Reuters) - Japan's disgraced Olympus Corp is suing its president and 18 other executives, past and present, for up to $47 million in compensation, as it struggles to recover from one of the nation's worst accounting scandals. | Full Article | | WebMD scraps sale talks, warns of weak 2012 | | January 10, 2012 03:57 PM ET | | (Reuters) - Popular health information website WebMD Health Corp took itself off the auction block and warned investors of lower 2012 profits as its advertisers in the drug industry pull back on spending. | Full Article | | Struggling Kodak disbands film group, shares soar | | January 10, 2012 01:46 PM ET | | (Reuters) - Eastman Kodak Co announced a new business structure on Tuesday that eliminates its film group as the once-iconic photography company tries to refocus as a digital company to help fend off financial difficulties. | Full Article | | Microsoft Xbox sales strong over holidays | | January 10, 2012 01:16 PM ET | | LAS VEGAS (Reuters) - Microsoft Corp said on Monday sales of its revolutionary Kinect sensing device for the Xbox game console have hit more than 18 million just over a year since launch. | Full Article | | | BUSINESS NEWS
| | Wall Street at 5-month high | | January 10, 2012 04:40 PM ET | | NEW YORK (Reuters) - Stocks climbed to a five-month high on Tuesday, led by materials stocks after an upbeat forecast by aluminum company Alcoa and strong gains in bank shares. | Full Article | | Hedge funds lock horns with IMF on Greek debt | | January 10, 2012 11:42 AM ET | | LONDON (Reuters) - Hedge funds are taking on the powerful International Monetary Fund over its plan to slash Greece's towering debt burden as time runs out on the talks that could sway the future of Europe's single currency. | Full Article | | Cargill reports worst quarter since 2001 | | January 10, 2012 04:07 PM ET | | (Reuters) - U.S. agribusiness giant Cargill Inc reported a third consecutive slump in quarterly earnings on Tuesday, as one of the world's largest commodity traders took a beating from sugar losses and volatility in financial markets. | 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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