Judge cuts Apple award versus Samsung, sets new damages trial

(Reuters) - Apple Inc had a major setback in its mobile patents battle with Samsung Electronics on Friday, as a federal judge slashed a $1.05 billion jury award by more than 40 percent and set a new trial to determine damages. Apple won the award last year against Samsung in what was the biggest and highest-profile of a number of legal trials around the world, centered on the use and...

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Groupon fires CEO, Mason admits "failure" in candid memo

SAN FRANCISCO (Reuters) - Groupon Inc fired Andrew Mason as chief executive officer on Thursday, ousting a co-founder who captured headlines with his quirky style but failed to reverse a crumbling share price or stop a gradual erosion of its main daily deals business. The leader in Internet daily deals launched a search for a new leader to turn the company around, the same day its stock...

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Networking creates devices buzz at mobile fair

BARCELONA (Reuters) - Networks, whether superfast mobile broadband, wifi or a combination of both, are helping add pizzazz to new mobile products as the rapid evolution in smartphone and tablet design slows to a trickle. The world's fastest smartphone, new "phablets" - sized between a phone and tablet - and small tablets optimized to watch video and run multiple applications on 4G mobile...

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Sony's Xperia Z smartphone off to a good start: executive

BARCELONA (Reuters) - Sales of Sony Corp's Xperia Z high-end smartphone have got off to a good start since its launch in several leading European markets on Monday, said Sony Mobile's Calum MacDougall, head of Xperia marketing. "We have seen really good pre-orders", McDougall said in an interview at the Mobile World Congress. "We had the first stocks available in Germany in Berlin at...

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BlackBerry launches first BB10 device in India at $800

MUMBAI (Reuters) - BlackBerry launched its first smartphone from its BlackBerry 10 line in India on Monday, pricing the phone at 43,490 rupees ($800). The touch-screen BlackBerry Z10 phone, which goes on sale in India from Tuesday, will compete with Apple Inc's iPhones and Samsung Electronics Co Ltd's high-end Galaxy series phones. The Z10 has already gone on sale in the...

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Analysis: The near impossible battle against hackers everywhere

SAN FRANCISCO (Reuters) - Dire warnings from Washington about a "cyber Pearl Harbor" envision a single surprise strike from a formidable enemy that could destroy power plants nationwide, disable the financial system or cripple the U.S. government. But those on the front lines say it isn't all about protecting U.S. government and corporate networks from a single sudden attack. They report...

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Einhorn scores legal victory versus Apple in cash scuffle

NEW YORK (Reuters) - A U.S. judge handed outspoken hedge fund manager David Einhorn a victory in his battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock. U.S. District Judge Richard Sullivan in Manhattan granted a motion by Einhorn's Greenlight Capital...

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EU sees Google competition deal after August

PARIS (Reuters) - EU regulators hope to resolve a two-year investigation into U.S. internet company Google in the latter half of the year, the EU's antitrust chief said on Friday, although a rival expressed skepticism about the effectiveness of any solution. The European Commission - the EU's executive arm - has been examining proposals put forward by Google to resolve complaints from...

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Sony seeks head start over Microsoft with new PlayStation

NEW YORK (Reuters) - Sony Corp said it will launch its next-generation PlayStation this year, hoping its first video game console in seven years will give it a much-needed head start over the next version of Microsoft's Xbox and help revive its stumbling electronics business. The new console will have a revamped interface, let users stream and play video games hosted on servers, and allow...

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Sony set to make pre-emptive strike on Microsoft with PS4

TOKYO (Reuters) - Sony Corp is expected to showcase a new PlayStation console on Wednesday in a pre-emptive strike against Microsoft Corp's bid to make its Xbox the world's leading hub for household entertainment. The rare PlayStation event in New York comes amid industry speculation that Microsoft is set to unveil the successor to its Xbox 360, which beats the seven-year-old PlayStation...

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Burger King takes down Twitter account after hack attack

NEW YORK (Reuters) - Hackers breached the Twitter account of fast-food chain Burger King, posting the online equivalent of graffiti and sometimes making little sense. Burger King Worldwide Inc suspended its Twitter account about an hour after it learned of the attack at 12:24 p.m. EST on Monday, company spokesman Bryson Thornton said in an email. "It has come to our attention...

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Sony cuts price of Vita handheld games console in Japan

TOKYO (Reuters) - Sony Corp on Monday slashed the price of its struggling Vita handheld games console in Japan in a bid to spur sales of the device as gamers switch to free or cheap games played on tablet computers and smartphones. The maker of Playstation consoles trimmed the price of its 3G Wifi version by 10,000 yen ($110) to 19,980 yen, with all other models also reduced, it said...

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Intel Israel more than doubles exports, mulls new investment

TEL AVIV (Reuters) - Intel's Israeli subsidiary more than doubled its exports in 2012 to $4.6 billion and is seeking to bring manufacturing of the company's next generation of chips to Israel. Intel's exports, which rose 109 percent from $2.2 billion in 2011, were boosted by the start of production of chips using 22 nanometer technology at its Kiryat Gat plant in southern Israel, which...

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Facebook says it was a target of sophisticated hacking

SAN FRANCISCO/LOS ANGELES (Reuters) - Facebook Inc said on Friday hackers had infiltrated some of its employees' laptops in recent weeks, making the world's No.1 social network the latest victim of a wave of cyber attacks, many of which have been traced to China. It said none of its users' data was compromised in the attack, which occurred after a handful of employees visited a website...

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Big hedge funds fueled fourth-quarter dive in Apple shares

BOSTON (Reuters) - Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price. Noted stock pickers including Leon Cooperman, Eric Mindich and Thomas Steyer unloaded billions of dollars of Apple shares between September 30 and December 31, according...

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Apple challenges loss of iPhone trademark in Brazil

RIO DE JANEIRO (Reuters) - Apple Inc, which lost the rights to its iPhone trademark in Brazil on Wednesday, is challenging the ruling by Brazil's copyright regulator to prevent local firm Gradiente Eletronica SA from using the "iphone" brand name. The regulator, Inpi, ruled on Wednesday that the rights to the trademark belong to Gradiente, prompting California-based Apple to request that...

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High stakes if Apple e-books antitrust case goes to trial

NEW YORK (Reuters) - As the only remaining defendant in the U.S. government's e-books antitrust case, Apple Inc appears headed for a high-stakes trial that could significantly increase the personal computer company's liability in related litigation. Apple faces a June 3 trial date over civil allegations by the U.S. Department of Justice that it conspired with five publishers to raise...

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Nokia protests against Indian tax probe

HELSINKI (Reuters) - Finnish phone maker Nokia said on Tuesday it was protesting against a tax investigation in India, a crucial market, in the latest dispute involving a foreign company's tax. Nokia said it has not yet received any information on potential claims resulting from the investigation that started in January. Last week, Anglo-Dutch oil major Royal Dutch Shell's...

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Australia to grill Apple, others on pricing

CANBERRA (Reuters) - Apple Inc has been ordered to appear before Australia's parliament with fellow technology giants Microsoft Inc and Adobe Systems Inc to explain why local consumers pay so much for their products, despite the strong Aussie dollar. Broadening a row between the world's most valuable company and Australian lawmakers over corporate taxes paid on Apple's operations, Apple...

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Insight: Apple and Samsung, frenemies for life

SAN FRANCISCO/SEOUL (Reuters) - It was the late Steve Jobs' worst nightmare. A powerful Asian manufacturer, Samsung Electronics Co Ltd, uses Google Inc's Android software to create smartphones and tablets that closely resemble the iPhone and the iPad. Samsung starts gaining market share, hurting Apple Inc's margins and stock price and threatening its reign as the king of cool in consumer...

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