 | Good afternoon Bit |  |  | ICANN, the body that oversees the Internet's naming system, gave the green light for organizations to begin applying to name and run their own domains instead of entrusting them to the operators of .com, .org, .gov and others. Up to 2,000 applications were expected for the so-called "top-level" international domains. At $185,000 per application, estimated start-up costs of $500,000 and annual running costs of about $100,000, a .yournamehere domain will be out of reach of the smallest companies and organizations. But applications were expected from cities or regions with strong identities, such as .london and .mumbai, from companies aiming to build a business based on new domains, and from community identifiers like .eco or .gay.
Samsung is open to forging an alliance with troubled Olympus, potentially joining other electronics firms in circling one of the world's biggest names in medical equipment, sources said. Samsung has ruled out any interest in Olympus's loss-making camera business, but a company source said that it might consider an alliance with Olympus in other areas. Earlier, the Asahi Shimbun newspaper reported that Olympus was scouting for a friendly investor to take a minority stake in the company, and that Olympus had drawn up a short-list of five potential partners, including Samsung, Sony, Panasonic, Japanese medical-equipment firm Terumo, and Fujifilm Holdings.
LG is in talks with various parties on possible partnerships, the head of LG's mobile business said, as the world's No.3 handset maker seeks to turn around its struggling handset operation. The firm, however, remains committed to its mobile business and does not have any plan to ditch the loss-making operation, Park Jong-seok, chief executive of LG's mobile communications business, told Reuters.
FCC chairman Julius Genachowski said that he had received bi-partisan support from a group of U.S. senators for so-called "incentive" auctions of wireless spectrum without legislative restrictions. Genachowski is looking for approval to give broadcasters a financial incentive to return unused spectrum licenses to the FCC so it can then auction off the spectrum to companies offering mobile data services.
TomTom said an official probe had cleared it of accusations that it violated Dutch data protection laws by sharing its customers' individual location and traffic information with third parties, including Dutch police. The navigation equipment and map maker came under scrutiny in April after reportedly selling information gathered through its customers' personal navigation devices in their cars, to third parties, without their consent. | | | LATEST NEWS | | Target to host boutiques, and Apple, in stores | | January 12, 2012 04:33 PM ET | | NEW YORK (Reuters) - Target Corp will soon have exclusive shops selling everything from candy to clothing as the discount chain tries to stand out among the growing ranks of retailers offering trendy, often low-priced merchandise. | Full Article | | Silicon Valley calls the help desk on Volcker rule | | January 12, 2012 04:38 PM ET | | WASHINGTON (Reuters) - While Wall Street giants fight to get regulators to loosen the broad trading restrictions of the Volcker rule, a bank that sits in the heart of California's high-tech corridor has mounted its own aggressive and more focused lobbying effort. | Full Article | | Samsung may consider alliance with Olympus: source | | January 12, 2012 11:23 AM ET | | SEOUL/TOKYO (Reuters) - South Korea's Samsung Electronics is open to forging an alliance with Japan's troubled Olympus Corp, potentially joining other electronics firms in circling one of the world's biggest names in medical equipment, sources said. | Full Article | | ARM chief not impressed with Intel phone chips | | January 12, 2012 10:44 AM ET | | LAS VEGAS (Reuters) - The head of British chip designer Arm Holdings plc has shrugged off the latest attempt by Intel Corp to muscle its way into the expanding market for low-power processors used in smartphones and tablets, which ARM dominates. | Full Article | | | BUSINESS NEWS
| | Wall Street ekes out gains for fourth day | | January 12, 2012 04:32 PM ET | | NEW YORK (Reuters) - The S&P 500 closed at a five-month high for the third day on Thursday but had difficulty extending gains in the face of lackluster economic data and another European bond market test. | Full Article | | Potential suitors circle American Airlines: sources | | January 12, 2012 03:26 PM ET | | (Reuters) - US Airways Group and private equity firm TPG Capital are among several parties interested in potential bids for AMR Corp , the bankrupt parent of American Airlines, people familiar with the matter told Reuters. | Full Article | | ECB sees "substantial" effect from cheap money | | January 12, 2012 04:25 PM ET | | FRANKFURT (Reuters) - The European Central Bank's flood of cheap three-year money is helping the euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilization, its president said on Thursday. | 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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