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Wednesday, May 1, 2013

Technology Report: Exclusive: Britain to quiz Google and auditor again on tax

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05/1/2013
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Exclusive: Britain to quiz Google and auditor again on tax
LONDON (Reuters) - Executives from Google Inc. and its auditor Ernst & Young will be called again to a British parliament committee to testify on tax, after a Reuters investigation highlighted inconsistencies in the way Google portrays its activities in Britain, the committee's chairwoman told Reuters.
Lenders eye $1 billion credit line for Sharp: Nikkei
(Reuters) - Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ are considering a roughly 100 billion yen ($1 billion) credit facility to help electronics manufacturer Sharp Corp meet an upcoming bond redemption, the Nikkei said.
Comcast reports higher profit, revenue in first quarter
(Reuters) - Comcast Corp posted higher quarterly profit on Wednesday, driven by strength on the cable side of the business.
Ofcom begins investigation into BT's superfast broadband
(Reuters) - UK telecoms regulator Ofcom has launched a probe into whether BT Group is abusing its dominant position when pricing its superfast broadband, following a complaint by smaller rival TalkTalk Telecom Group.
DreamWorks Animation to buy YouTube channel AwesomenessTV
(Reuters) - DreamWorks Animation SKG Inc has agreed to buy teen- oriented YouTube network AwesomenessTV to secure an online platform to showcase family-focused movie franchises such as "Shrek" and "Kung Fu Panda."
Lasers, microwave deployed in high-speed trading arms race
LONDON (Reuters) - Laser beams and microwave dishes are the latest weapons in an arms race to shave milliseconds off dealing times in the shadowy world of high-speed, computerized financial trading.
Fidelity Contrafund's Danoff frets over Apple rivals
BOSTON (Reuters) - Fidelity Contrafund manager Will Danoff, the biggest active shareholder in Apple Inc, cut his stake in the iPhone maker 12 percent in the first quarter and cited "heightened concern" about increasing competition.
T-Mobile shares rise in NYSE debut
NEW YORK (Reuters) - T-Mobile US Inc shares rose 6 percent in their debut on the New York Stock Exchange on Wednesday, after the company was created by the merger of MetroPCS Communications and Deutsche Telekom AG's U.S. unit T-Mobile USA.
Facebook and banks ask U.S. judge to throw out IPO lawsuit
(Reuters) - Facebook Inc, its Chief Executive Mark Zuckerberg and dozens of banks asked a federal judge to throw out a lawsuit accusing the social media company of misleading investors about its financial condition before its $16 billion initial public offering a year ago.
French minister says Yahoo wanted to "devour" website
PARIS (Reuters) - France's industry minister said he had blocked Yahoo Inc's plan to buy a majority stake in online video website Dailymotion because the U.S. group wanted to "devour" its smaller competitor.
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