| SHANGHAI (Reuters) - China has approved a pilot scheme allowing private companies to piggy back on the country's three dominant telecommunications providers to offer own-brand mobile services, opening the world's largest mobile phone market to increased competition. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | (Reuters) - U.S. wireless communications company LightSquared proposed exiting bankruptcy with financing from $2.75 billion in fresh loans and an equity investment of at least $1.25 billion, according to court documents. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | | WASHINGTON/NEW YORK (Reuters) - A pair of potentially transformative U.S. telecoms and cable deals could run afoul of Obama administration regulators who worry that mergers among market leaders would hurt consumers. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | | (Reuters) - BlackBerry Ltd co-founder Mike Lazaridis cut his stake in the company to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled smartphone maker. (http://link.reuters.com/sup65v) | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | | (Reuters) - Hulu has failed to persuade a federal judge to dismiss a lawsuit accusing the video streaming service of illegally sharing users' viewing history with Facebook Inc and business metrics company comScore Inc. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | | (Reuters) - Walt Disney Co has slashed Chief Executive Bob Iger's fiscal 2013 compensation by 15 percent with a bonus cut, and named Twitter Inc co-founder Jack Dorsey an independent board director. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | | TOKYO (Reuters) - The 81-year-old Japanese executive who built 7-Eleven into the world's biggest convenience store chain has a new mission: turning more than 50,000 bricks and mortar stores in Japan into portals to a new online retail empire. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | | (Reuters) - Acer Inc has named former TSMC sales executive Jason Chen its new CEO as of January 1, appointing a chipmaking industry veteran to the helm of a Taiwanese company struggling to overcome sluggish PC sales. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | NEW YORK (Reuters) - It's the holiday season and Arianna Huffington, the influential woman behind the popular news website that bears her name, is busy buying sweaters - some 700 of them - as gifts to her employees. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | NEW YORK (Reuters) - GoSmart, the prepaid service of No. 4 U.S. operator T-Mobile US, said on Monday it would offer its customers free access to Facebook Inc whether or not they subscribe to its Internet service. | | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | | ![SUBSCRIBE TO OTHER REUTERS NEWSLETTERS](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sy-sT1Kiy0_JCcriP1lgpz9vrfbHT5hip_3RZu3lCTnUuELDf3qGl4ZFX2QLIQ7UwDImGCB0XnGTcVKUuU72vLHvrmQ4lgll6cOElm4zqu_6WBKIeZTLZa2J_Z4iqcpyK5irs=s0-d) | ![Reuters Business Today](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vSPbvC0r0Yq5gj7Avk0JjHJrAoBGGyqHhkkF5qKhi2BDM-HfHFrgHABcDcW4At5P8gfoVu2k-813Flad6YhObSbEzVdbiiC9B7WZYhr7ilOI9sjh78yVkYEG1qqkYQT0jg_A=s0-d) | ![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sfqTLWeIXQ8wgOsiDLCjmlQJEOxuboWW_Z6fBFeMcQwRyhFgY2PjKxHdKgBTq8qWWbJcoHsvbuAnhb425_uxc1SWEU_PqgyRCjBbqWSyVmMSRyG5XwlHClRWc0kwCNEQ=s0-d) | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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