Tuesday, May 21, 2013

FeedaMail: Tech News Headlines - Yahoo! News

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Apple to argue for tax reform, defend tax practices on Tuesday

SAN FRANCISCO (Reuters) - Apple Inc will argue for comprehensive corporate tax reform when it goes before a Senate subcommittee on Tuesday, becoming the latest technology company to face questions over its offshore tax practices. In prepared testimony released ahead of Apple Chief Executive Tim Cook's hearing on Tuesday before the permanent subcommittee on investigations, Apple said it does not use "tax gimmicks" like moving intellectual property into offshore tax havens or using Cayman Islands bank accounts. ...


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As most brick and mortar retailers struggle, Apple Store revenue hits record heights

Apple's retail stores continue to outsell, on a sales per square foot basis, all other retailers by a large margin. Horace Dediu of Asymco found that the number of Apple Store visitors grew 7% last quarter and helped Apple's in-store retail revenue reach a record $57.60 per visitor. Each store is now averaging sales of $13 million per quarter, the highest level for any non-holiday quarter. The average number of visitors per store was said to have reached 250,000 per quarter in the past 12 months, up from 170,000 per store per quarter between 2009 and 2010. Dediu speculates that the jump in visitors could be from more space in new stores and renovations in older stores. Apple's retail stores

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Idaho couple and Sun Valley land in Twitter tussle

BOISE, Idaho (AP) — An Internet entrepreneur and former Wall Street derivatives analyst contends that central Idaho's Sun Valley resort and the Twitter Inc. social media site have heisted his handle.

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Touch is taking over: Touchscreen laptop shipments climbed to 4.57 million in Q1

Microsoft's Windows 8 platform hasn't exactly been the catalyst PC makers were looking for as sales continue to slide, but the new operating system does seem to be making some progress. IHS-owned market research firm Displaybank says that of the 46 million notebook computers that shipped during the first quarter this year, 4.57 million of them included touchscreens, Digitimes reported. That figure is good for a 10% share of the global market and is up a healthy 51.8% from the fourth quarter last year. Displaybank is impressed by touchscreen laptops' relatively quick penetration considering how young the market is, but it remains to be seen whether or not Microsoft's new platform and the touchscreens that come along with it will help struggling

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AT&T says all customers will soon get access to FaceTime, Hangouts over cellular

AT&T has always been hesitant to allow customers to use video chat applications on its cellular network. The company previously blocked Apple's FaceTime service from iPhone devices, only recently allowing customers on a tiered data plan to use the feature. AT&T further angered customers when it blocked Android users from using the video chatting feature in Google's new Hangouts application unless connected to a Wi-Fi network. In a statement given to The Verge, the carrier confirmed that it will update its controversial policy later this year and will enable preloaded video chat applications over its cellular networks for all customers, regardless of their data plan or device. AT&T's statement follows below. For video chat apps that come pre-loaded on devices, we

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Seven Days in 100 Words: The Samsung Galaxy S IV

The typical gadget review these days can run thousands of words and cover hundreds of features before telling you what you really want to know: is this thing any good? The Atlantic Wire will cut to the chase after spending a week with a device and give you just the bottom line. 

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LG's 5-inch unbreakable displays to debut later this year

Flexible displays are set to become the next big thing in mobile technology. LG previously confirmed that it will release a smartphone with a flexible display later this year, while unbreakable handsets from Samsung and Motorola are also said to be in the pipeline. LG on Monday announced that it plans to demo a 5-inch flexible and unbreakable OLED display for the first time this week at the Society for Information Display's (SID) annual trade show. The company will also showcase a new 5-inch HD display with a 1mm wide bezel, which will allow for the "production of borderless smartphones that are lightweight and emit significantly less heat." LG plans to release a smartphone with a flexible OLED display in

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Microsoft to build Australian cloud computing centers

SYDNEY (Reuters) - Microsoft Corp is expanding its services for hosting and processing online data in Australia with the establishment of two new "cloud" computing data centers in the country. The world's biggest software company said on Tuesday it was expanding its Windows Azure business to include a major new region in Australia. Data centers, renting out technology resources such as computing power and storage, will be established in the states of New South Wales and Victoria. ...


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How to Give Ugly Landfills a Second Life

See full coverage


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Consumer Reports: The Galaxy S4 is the world's best smartphone

Is Samsung's Galaxy S4 really "a precious stone glittering in the dark" or is it just an overrated slab of plastic with a nice display? Consumer Reports weighed in on this important controversy on Monday and declared that the Galaxy S4 really does live up to the hype and should now be considered the best smartphone in the world. Overall Consumer Reports found that "the S4 delivered top-notch performance in the most critical areas of our tests, including the camera," and was particularly impressed with the device's display that it said "is sensitive enough to use with gloves on — handy during cold weather." The publication also praised the device's multitasking capabilities and said that watching videos while checking email

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Dish eyes LightSquared's Spectrum for $2 billion - Bloomberg

(Reuters) - U.S. satellite company Dish Network Corp has offered to buy bankrupt broadband company LightSquared Inc's radio frequencies for $2 billion, Bloomberg said, quoting people familiar with the bid. Dish Chairman Charlie Ergen made the offer on May 15 and LightSquared has until May 31 to accept or reject it, the news agency said. LightSquared, which declared bankruptcy in May 2012, was bankrolled by one of the hedge fund industry's most powerful figures, Philip Falcone. Falcone's plans to introduce a new wireless network in the United States fell apart when the U.S. ...


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Yahoo reboots Flickr, offers 1 terabyte of storage

NEW YORK (AP) — Fresh on the heels of its $1.1 billion acquisition of Tumblr, Yahoo says it is rebooting its languishing photo-sharing site Flickr with plans to make it "awesome" again.

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Samsung may turn to Intel for Galaxy Tab 3

Samsung is rumored to be preparing a new Galaxy Tab tablet to debut in the coming months. Earlier reports claimed the device would be equipped with a 10.1-inch 1280 x 800 pixel resolution display, a 1.5GHz dual-core processor, 1GB of RAM, a 3-megapixel camera, a 7,000 mAh battery and Android 4.2.2 Jelly Bean. Recently discovered benchmark results, however, suggest Samsung may turn to Intel to power the Galaxy Tab 3 10.1. Results from the GLBenchmark database reveal that the upcoming tablet is equipped with a 1.6GHz dual-core Intel Atom Z2560 processor with a PowerVR SGX 544 MP2 GPU. Samsung has traditionally relied on ARM-based processors such as its in-house Exynos line or Qualcomm's Snapdragon chips to power its devices. A

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Britain's Cameron tells Google and others to play fair on tax

LONDON (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates. Cameron's intervention came days after British lawmakers accused Google of using "smoke and mirrors" to avoid paying tax, fuelling a debate over corporate taxation that has angered the public and led to calls for a tougher approach from the government. ...


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Sprint gets waiver from Softbank, permitting discussions with Dish

(Reuters) - Wireless service provider Sprint Nextel Corp received a waiver from SoftBank Corp on various provisions of their merger agreement permitting it to engage in discussions with Dish Network Corp. Satellite TV service Dish made a $25.5 billion counter bid last month for Sprint against SoftBank's October agreement to pay $20.1 billion for 70 percent of the U.S. company. The waiver will permit Sprint and its representatives to furnish Dish with non-public information and to engage in negotiations with it regarding Dish's April 15 proposal. ...


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Google vows to integrate Google Voice into Hangouts

When Google unveiled its new Hangouts service last week, keen observers noted that there was a glaring omission in the company's effort to cobble together all its messaging services onto one platform: Google Voice. But a new Google+ post from Google director of real-time communications Nikhyl Singhal suggests that Hangouts users won't have to wait for Voice much longer. Specifically, Singhal says that while "today's version of Hangouts doesn't yet support outbound calls on the web and in the Chrome extension," it will "support inbound calls to your Google Voice number." He then adds that the company is "working hard on supporting both, and outbound/inbound calls will soon be available." Singhal also says that Hangouts are "the future of Google Voice," so it's

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iGate sacks chief executive Murthy after sexual harassment claim

(Reuters) - The board of iGate Corp, an information technology outsourcing services provider, has sacked Chief Executive Officer Phaneesh Murthy following an investigation into a claim of sexual harassment, the company said in a statement. The U.S.-listed company, which has bulk of its employees in India, has appointed Gerhard Watzinger as interim chief executive with immediate effect, the iGate statement said. "The board's decision was made as a result of an investigation by outside legal counsel, engaged by the board, of the facts and circumstances surrounding a relationship Mr. ...


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Dish's Ergen eyes LightSquared spectrum

(Reuters) - Charlie Ergen, the chairman of U.S. satellite company Dish Network Corp , has offered to buy bankrupt broadband company LightSquared Inc's wireless airwaves, a source close to Ergen told Reuters. Ergen's offer for LightSquared spectrum is valued at $2 billion, Bloomberg reported citing people familiar with the bid. LightSquared, which declared bankruptcy in May 2012, was bankrolled by one of the hedge fund industry's most powerful figures, Philip Falcone. Falcone's plans to introduce a new wireless network in the United States fell apart when the U.S. ...


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Google may be working on a revamped Nexus Q

Google appears to be working on a sequel to its ill-fated Nexus Q streaming device. The Nexus Q debuted at last year's I/O Developers Conference with limited capabilities and a premium price tag that eventually led to Google postponing the project. But a recent filing with the Federal Communications Commission has revealed a mysterious Google-built device that "functions as a media player" and could be a revamped Q. Little is known about the device, although it is equipped with support for 802.11b/g/n Wi-Fi and was connected to a Dell 24-inch monitor for testing, giving further evidence that it is a potential Nexus Q sucessor. The device is known as the "H840 device" and features the model number H2G2-42, a reference

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Apple's Massive Tax Avoidance Scheme Was Probably Legal

Apple used an impressively complex network of subsidiaries to avoid paying billions of dollars in taxes in a scheme that will pit the company against congressional investigators on Tuesday. But guess what? Lawmakers haven't found anything actually illegal in Apple's activities. 


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Amazon wins key cloud security clearance from government

By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc has been given a security clearance by the U.S. government that will make it easier for federal agencies to use its cloud computing services. Amazon Web Services, known as AWS, was certified to operate as a cloud service provider for three years under the government's new FedRAMP program. The accreditation covers all AWS data centers in the United States, the company said on Tuesday. "This will cut the cost and time for agencies to deploy our systems," said Teresa Carlson, vice president of Worldwide Public Sector at AWS. ...


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American ISPs are now hated even more than airlines

Major Internet service providers in the United States have long taken a beating in customer satisfaction surveys, but the latest survey from the American Customer Satisfaction Index has the grimmest news yet for American ISPs: They now have the lowest customer satisfaction ranking of any industry in America, worse than even airlines, health insurance companies and gas stations. The survey shows that American consumers are particularly unhappy with ISPs' call center service, with the variety of Internet plans they offer and with their quality of online video streaming. Comcast lay at the very bottom of the American ISP customer satisfaction heap, with an overall score of just 62 out of 100. It was followed closely by Time Warner Cable, which

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Vodafone posts biggest fall in service revenue

LONDON (Reuters) - Vodafone posted its largest ever quarterly fall in key organic service revenue on Tuesday, prompting it to keep hold of a 2.1 billion pound dividend from its U.S. arm rather than return it to shareholders. The world's second largest mobile operator, at the center of intense speculation as to whether it will sell its U.S. arm in one of the world's largest deals, posted a 4.2 percent fall in organic service revenue, broadly in line with forecasts. It is the largest quarterly drop since the company started using the measurement in 2003. ...


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Apple, Congress spar over taxes ahead of Tuesday hearing

By Patrick Temple-West and Poornima Gupta WASHINGTON/SAN FRANCISCO (Reuters) - Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure said on Monday. ...


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Ireland says not to blame for Apple's low tax rate

By Conor Humphries DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries. The Irish government, which has seen the luring of U.S. multinationals with low taxes as a key part of its economic policy since the 1960s, said its system was transparent and other countries were responsible if the tax rate paid by Apple was too low. ...

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Apple's Cook to face Senate questions on taxes

WASHINGTON (AP) — A Senate panel says Apple Inc. is avoiding paying billions of dollars in U.S. taxes, but the world's most valuable company says it is complying with the laws and pays "an extraordinary amount" in taxes to the U.S. government.


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New Android apps worth downloading: Clean Master and Gilt updates, Attack of the Wall Street Titan

Make sure the files you delete from your Android device stay deleted with Clean Master, today's first app worth downloading. It just received a big update that will make Snapchat users happy – it helps clear out unwanted photos. Gilt, the app to go along with the shopping site, offers convenient clothing shopping at a discount. Finally, Attack of the Wall Street Titan puts you in the role of a pixelated giant robot who wreaks havoc on Wall Street.

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Apple and Google to lead charge as wearable tech becomes $30-$50 billion market

Recent estimates suggested devices like Google Glass and Apple's upcoming "iWatch" could be the start of a wearable tech explosion that generates as much as $6 billion annually by 2016. According to newly published research from Credit Suisse, however, that estimate is ridiculously low. In a research note picked up by Business Insider, Credit Suisse analysts predict that the wearable technology market will balloon from the current $3 billion to $5 billion range to a whopping $30 billion to $50 billion in the next two to three years. The firm believes Apple's upcoming iWatch will generate $10 billion annually on its own, and the growing health and fitness market will play a key role as well.

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No-Kill, High-Resolution 3-D Movies of Cells Now Possible [Video + Infographic]

No-Kill, High-Resolution 3-D Movies of Cells Now Possible [Video + Infographic]

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Iranians face new Internet curbs before presidential election

By Yeganeh Torbati DUBAI (Reuters) - Iranians are struggling with slower Internet speeds and limited access ahead of an unpredictable presidential election that has put hardline Islamist authorities on alert for possible unrest. Experts and web users say they believe the Internet obstacles are related to the June 14 presidential vote, the first since 2009 polls in which accusations of fraud - denied by the government - kindled months of protests organised in part via social networking sites like Facebook and Twitter. ...

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New iPhone apps worth downloading: Melt, MONTAJ update, Bombcats

First up today is Melt, a social networking app that lets you exchange photos with random people around the world.MONTAJ, our second app today, makes creating and sharing videos easy and quick, offering filters and some editing capabilities. Finally, Bombcats puts a new spin on physics puzzlers by including exploding cats.

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Vodafone says comfortable with Verizon Wireless status quo

LONDON (Reuters) - Vodafone said on Tuesday that it was very comfortable with its successful U.S. joint venture Verizon Wireless, but if an offer materialized that would benefit it more than the status quo, it would consider it. Vodafone's partner Verizon Communications has made little secret of its desire to buy out Vodafone in a multi-billion dollar deal that would be one of the largest of all time. Vodafone chief executive Vittorio Colao told journalists at a briefing that if an offer came in that was more advantageous than the current joint venture situation, the company would consider it. ...

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Apple accused of seeking 'the Holy Grail of tax avoidance'

It's safe to say that Apple CEO Tim Cook won't be having much fun on Tuesday when he testifies before the Senate about his company's alleged tax dodging practices. The Hill reports that a new report from the Senate Permanent Subcommittee on Investigations has found that Apple has allegedly "funneled money through three offshore companies to dodge billions in taxes," which some senators say highlights major holes in U.S. tax law. Senator Carl Levin (D-Mich.), for one, said that Apple "sought the Holy Grail of tax avoidance" as it "created offshore entities holding tens of billions of dollars, while claiming that it was a tax resident nowhere." Senator John McCain (R-Ariz.), meanwhile, said that "a company that found remarkable success by

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Ericsson closes telecom cable manufacturing facility

STOCKHOLM (Reuters) - Ericsson announced on Tuesday plans to shut its telecom cable manufacturing facility in Sweden and would take a 500 million Swedish crown ($75 million) charge as a result. The company said it had given notice of a reduction of 354 positions. It said the market for copper cable had declined while fiber cable demand had grown over the last years, with production shifting towards Asia. "There is overproduction on the cable market in Europe," Tomas Qvist, head of Special Products in business unit Networks, said in a statement. ...


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Video: Samsung's Galaxy S4 Active leaks again

After being revealed on camera for the first time on Monday in a series of leaked photos, Samsung's unannounced Galaxy S4 Active has leaked once again. This time the upcoming smartphone has been given a quick preview in a video published by a MobileTechReview forum user. The S4 Active is a ruggedized version of Samsung's popular Galaxy S4, featuring shock-proofing, dust-proofing and slightly less impressive specs; it looks like the phone will forego the global S4′s eight-core processor and will also include an 8-megapixel camera instead of the original model's 13-megapixel unit. The video of Samsung's Galaxy S4 Active follows below.

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Ireland says has no special tax deal with Apple

DUBLIN (Reuters) - Ireland does not have a deal with Apple Inc or any other company to tax their profits at a special 2 percent rate instead of the normal 12.5 percent, Ireland's European Affairs minister told Reuters on Tuesday. Ireland has been defending its corporate tax rate after the U.S. Senate said on Monday that Apple paid little or no tax on tens of billions of dollars in profits in Irish subsidiaries and that Dublin had handed the company a favorable rate. ...

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Kids, Don't Be Like Tumblr CEO David Karp

Kids, listen up: don't start dropping out of high school just because Tumblr CEO David Karp (who just sold his Internet company to Yahoo for $1.1 billion) has neither a high school or college degree. Quitting the Bronx High School of Science at the age of 14 may have "made mom proud," per The New York Times's Jenna Wortham and Nick Bilton, but for most of you, forgoing a degree is a really bad idea. ...


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The Irish loophole behind Apple's low tax bill

By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation revealed on Monday that Apple, maker of iPhones, iPads and Mac computers, had channeled profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world". Over the past three years, the American company paid a tax rate of 2 percent on $74 billion in overseas income, its annual reports show. ...

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Internet cable from Cuba to Jamaica comes online

HAVANA (AP) — A company that monitors global Internet traffic says another branch of the Venezuela-to-Cuba undersea fiber-optic cable has come online, connecting the island to nearby Jamaica.

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Sprint looks to snap up Clearwire with more appealing offer

Sprint on Tuesday announced a revised offer for wireless broadband wholesaler Clearwire. The carrier is looking to acquire the remaining Clearwire shares it does not already own for $2.97 per share, or $2.2 billion, valuing the company at $10 billion. Sprint has now increased its bid $3.40 per share, upping Clearwire's value to $10.7 billion. The revised offer represents a 14% premium over the company's earlier bid and a 162% premium over Clearwire's closing share price in October when it was rumored to be part of the Sprint-SoftBank merger discussions. Sprint notes that the offer is the best and final offer it will propose. The company's press release follows below. Sprint Submits Increased Offer for Clearwire Increased Offer of $3.40 Per Share

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Google's subscription music streaming service coming to iPhone and iPad – unofficially

Google took the wraps off of its subscription music streaming service last week at its I/O Developers Conference. To the dismay of many, Google Play Music All Access was only available for Android smartphones and tablets. This isn't the first time Google has initially ignored iPhone and iPad users — the company's music upload service, known as Google Listen Now, was also never officially made available on iOS. Luckily enough, third-party developers are creating applications to access the services on Apple devices. James Clancey is the man behind gMusic, the most popular Google Music app on iOS. Clancy sprung into action after hearing Google's announcement, determined to bring the subscription music streaming service to iPhone and iPad users. He submitted

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Irish PM says U.S. Senate's Apple tax claims incorrect

DUBLIN (Reuters) - Ireland does not cut special tax deals with foreign companies and a U.S. Senate report saying it did so for Apple Inc is incorrect, Irish Prime Minister Enda Kenny said on Tuesday. Ireland has been defending its corporate tax rate after the U.S. Senate said on Monday that Apple paid little or no tax on tens of billions of dollars in profits in Irish subsidiaries and that it had negotiated a special corporate tax rate of less than 2 percent. ...

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Yahoo's rise in Asia offsets risk from Tumblr bet

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously. Mayer faces plenty of challenges in her efforts to turn six-year-old Tumblr into a money-spinner, not least among them retaining users while devising new types of non-intrusive online ads outside of Yahoo's traditional area of expertise. And then there is Tumblr's hefty price tag: a sum that equates to a fifth of Yahoo's cash. ...


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18-year-old's invention can recharge a cell phone in 30 seconds

A teenager from Saratoga, California took home one of the top prizes at the Intel International Science and Engineering Fair late last week after showing off her invention, which can fully charge a cell phone in 30 seconds or less. Eesha Khare was given the Intel Foundation Young Scientist Award and a $50,000 prize for being runner-up in the competition, which was won by a 19-year-old who unveiled a new spin on self-driving car technology. Khare's battery technology requires a new component to be installed inside the phone battery itself, and Intel notes that it also has potential applications for car batteries.

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Intel CEO shakes up divisions, creates 'new devices' unit -source

By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp new Chief Executive Officer Brian Krzanich has re-organized key business groups and created a "new devices" unit, according to a source who has seen an internal email, shaking up the world's top chipmaker days after formally assuming control. Intel spokesman Chuck Mulloy confirmed Krzanich sent the internal email describing the chipmaker's reorganization. (Reporting by Noel Randewich; Editing by Gerald E. McCormick)


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Facebook Scam Alert - What Really Happens When You "Like"

Becky Worley explains the ins and outs of "Like Farming" - the dangers, and how to avoid them.

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With high-tech guns, users could disable remotely

SAN JOSE, Calif. (AP) — A high-tech startup is wading into the gun control debate with a wireless controller that would allow gun owners to know when their weapon is being moved — and disable it remotely.

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Irish opposition calls for multinationals to face parliament

DUBLIN (Reuters) - An Irish opposition party called on Tuesday for Irish-based multinationals to be questioned on corporate tax by a parliamentary committee as debate raged over how much tax the companies actually pay. Ireland has been defending its corporate tax rate after the U.S. Senate said on Monday that Apple paid little or no tax on tens of billions of dollars in profits in Irish subsidiaries and that it had negotiated a special corporate tax rate of less than 2 percent. (Reporting by Padraic Halpin; Editing by Jon Hemming)

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US envoy in Cuba engages critics on and offline

HAVANA (AP) — A U.S. diplomat has become a sort of tweeter-in-chief for the U.S. mission in Cuba, reaching out to some of Washington's most vocal critics on the island.


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Leak points to '5G Wi-Fi' in next-gen Macs

It has been reported that Apple's next-generation MacBooks will support gigabit Wi-Fi connectivity, evidence of which was discovered in a recent OS X developer build. The 802.11ac Wi-Fi standard, also known as "5G Wi-Fi," is capable of delivering theoretical speeds of up to 1.3Gbps and is considered a major leap forward. An earlier report claimed Apple was teaming up with Broadcom to bring the technology to its 2013 Mac lineup, and now Tonymacx86.com points us to a leaked image of a Broadcom BCM94360CD PCI-E mini custom combo WLAN and Bluetooth card that supports IEEE 802.11ac, the same standard Apple is reportedly looking to incorporate into future computers. The card is similar to those found in current Mac models and is expected to be the

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The future is mobile

"Mobile is eating the world," according to industry analyst Benedict Evans. Ahead of a presentation to be given later this month at Book Expo America, Enders Analysis' Benedict Evans published a draft of his slide deck. The presentation paints a wonderfully clear picture of where industry growth has come from over the past few years thanks to companies like Apple and Samsung, and where it will likely continue to come from over the next few years. In a word: mobile. Several charts in the deck to a good job of illustrating the mobile explosion, which ramped up in 2010 as PC industry growth started to flatline. A few particularly interesting slides follow below, and Evans's full presentation can be viewed on

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Some U.S. power companies say they face constant cyber attacks

BOSTON (Reuters) - Several U.S. power utilities say they face constant cyber attacks on critical systems, according to a report by two Democratic lawmakers amid warnings from the Obama administration that foreign hackers are seeking to attack the electric grid. Congressmen Edward Markey of Massachusetts and Henry Waxman of California disclosed their findings on Tuesday as the House Energy and Commerce Committee held a hearing on cybersecurity. In preparing the report the two asked some 160 utilities to describe their experiences fighting cyber attacks over the past five years. ...


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Microsoft reveals Xbox One

REDMOND, Wash. (AP) — Microsoft thinks it has the one.


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The gaming industry's great hope finally arrives: Microsoft unveils Xbox One

Microsoft on Tuesday finally took the wraps off its highly anticipated Xbox One, the successor to its Xbox 360 gaming console that will launch in time for the holidays this year. Earlier rumors have indicated that the new console will run on the "core" version of Windows 8 and will feature an 8-core 1.6GHz processor, 8GB of RAM, an 800MHz graphics processor, a 50GB 6x Blu-ray Disc drive and Gigabit Ethernet connectivity, but Microsoft finally put all of the speculation to bed on Tuesday during its big Xbox event. Microsoft is billing the new console as an all-purpose cloud-based entertainment system that isn't just for games but also for movies, music and television shows. The new console is able to connect to other living room

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BlackBerry shifting emphasis from smartphones to services

By Euan Rocha TORONTO (Reuters) - BlackBerry no longer owns the fast-paced, innovative smartphone world but the company, whose email-on-your-hip devices once revolutionized the industry, now aims to run it. The change in focus was hard to miss at the company's well-attended annual conference in Florida last week, even as news of a new smartphone model and its plans to offer the popular BlackBerry Messaging (BBM) instant message service on other platforms grabbed the headlines. ...


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Microsoft unveils new Xbox One game console

REDMOND, Washington (Reuters) - Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the newly named Xbox One will build on a solid core of gamer fans and become a hub for living room entertainment. The third-generation console, coming eight years after the Xbox 360, was unveiled by games unit chief Don Mattrick at an event at the software company's campus near Seattle. The new Xbox interacts with a user's television, responds to voice commands, and includes Skype video calling. (Reporting by Bill Rigby; Editing by Gerald E. McCormick)

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Microsoft debuts completely redesigned Kinect for Xbox One

Microsoft on Tuesday announced a redesigned Kinect sensor at its Xbox One press event in Redmond, Washington. The accessory comes bundled with the new gaming console and delivers improved voice recognition, among other new capabilities. Developing…

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Telefonica, Vodafone hit by defections in tight Spanish market

MADRID (Reuters) - More than half a million Spaniards switched mobile phone operator in March to take advantage of the cheap deals on offer from competitors, with the market's main players Telefonica and Vodafone the biggest losers. In the first three months of the year more than 1.8 million consumers moved to another mobile company, data from telecoms regulator CMT showed on Tuesday. ...

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PayPal to be in all RadioShack stores starting in May

By Alistair Barr SAN FRANCISCO (Reuters) - PayPal, the online payment operation owned by eBay Inc, announced a new partnership on Tuesday with RadioShack Corp that will introduce PayPal into all of the electronics retailer's stores starting this month. PayPal has been testing a way for customers of smoothy store Jamba Juice to order ahead using PayPal's smartphone application and pick up their drinks at a separate line. PayPal has been testing this at seven Jamba stores in the San Francisco Bay area, but will roll it out at more Jamba stores across the United States. ...


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Senators Turn Tim Cook's Hearing into a Genius Bar Visit

The U.S. Senate's Permanent Subcommittee on Investigations had some tough questions for Tim Cook, CEO of computer giant Apple which stands accused of tax avoidance to the tune of billions of dollars. Questions like: "Why the hell do I have to keep updating my apps on my iPhone all the time and why you don't fix that?" That was a query from Sen. John McCain, and while Cook didn't have time to play AppleCare rep for the Arizona Republican, it wasn't the first or last time a Senator wanted to talk about his own Apple products. 

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Apple is still the world's most valuable brand

We all know that Apple shares have been taking a beating over the past several months but is that really a reflection of a drop in the company's underlying value as a brand? The latest brand value rankings from MarketingWeek suggest that the answer is "no," since the publication found that Apple's brand value has actually increased year-over-year and that it remains the best in the world. MarketingWeek says that a company's brand value is calculated by multiplying its earnings by the "brand contribution" percentage that "is determined by the proportion of financial value that is generated by the brand's ability to create loyalty." From this perspective, MarketingWeek says that Apple has held onto the top spot in brand value

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France Tel to invest up to 50 million euro in Dailymotion: report

PARIS (Reuters) - France Telecom plans to invest between 30 and 50 million euros ($64 million) in its video-sharing website Dailymotion and begin a fresh search for a partner in the autumn, its chief executive said on Tuesday. Stephane Richard also said in an interview with RTL radio that "the door is not closed" to Yahoo Inc, which had been in talks to buy a 75 percent stake in Dailymotion in a deal that would have valued Europe's largest video website at $300 million. ...


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