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Wednesday, October 31, 2012

Technology Report: Facebook shares fall as lock-up period expires

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10/31/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Facebook shares fall as lock-up period expires
(Reuters) - Facebook Inc shares fell nearly 4 percent in busy trade on Wednesday as the company allowed employees to start selling roughly 230 million shares less than six months after its rocky market debut.
UK lawmakers to grill Starbucks, Amazon and Google on tax
LONDON (Reuters) - A UK parliamentary committee has invited executives from Starbucks Corp, Google Inc and Amazon.com Inc to answer questions about their tax practices, which allow them to make significant sales in the UK, but pay little tax here.
Rosetta Stone and Google settle trademark lawsuit
(Reuters) - Language-software maker Rosetta Stone Inc has agreed to drop its trademark infringement lawsuit against Google Inc over the search engine's advertising practices.
RIM starts carrier testing on BlackBerry 10 devices
TORONTO (Reuters) - Research In Motion has started carrier testing of its new line of BlackBerry 10 devices ahead of the launch of the devices in the first quarter of 2013, the company said on Wednesday.
Google denies 1 billion euro French tax claim
PARIS/LONDON (Reuters) - Google denied a newspaper report on Wednesday that it had received a 1 billion euro tax claim from the French authorities.
Groupon shares drop after Sandy hit U.S. merchants
SAN FRANCISCO (Reuters) - Groupon Inc shares fell more than 8 percent on Wednesday, matching a record low of $4 at one point, on concern Hurricane Sandy will temporarily dent demand for the company's daily deals.
AT&T, T-Mobile USA to use each other's networks in NY, NJ
NEW YORK (Reuters) - Rivals AT&T Inc and T-Mobile USA have agreed to open their networks to customers of the other company in New York and New Jersey where their services were hurt by power outages and flooding after Hurricane Sandy.
BMC Software reports lower quarterly profit
(Reuters) - Business software maker BMC Software Inc's quarterly profit fell 15 percent as license bookings from its corporate customers declined.
Apple's iPad mini packs full-sized punch but screen inferior: reviews
SAN FRANCISCO (Reuters) - Apple Inc's entry in the accelerating mobile tablet race squeezes about 35 percent more viewing space onto a lighter package than rival devices from Google or Amazon.com Inc, but it sports inferior resolution and a lofty price tag, two influential reviewers wrote on Tuesday.
In hurricane, Twitter proves a lifeline despite pranksters
SAN FRANCISCO (Reuters) - As Hurricane Sandy pounded the U.S. Atlantic coast on Monday night, knocking out electricity and Internet connections, millions of residents turned to Twitter as a part-newswire, part-911 hotline that hummed through the night even as some websites failed and swathes of Manhattan fell dark.
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