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Thursday, May 2, 2013

Technology Report: Intel picks insider as CEO, dashing hopes for shakeup

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05/2/2013
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Intel picks insider as CEO, dashing hopes for shakeup
SAN FRANCISCO/NEW YORK (Reuters) - Intel Corp's board elected three-decade insider Brian Krzanich as its next chief executive, disappointing some investors looking for aggressive change as the world's largest chipmaker increasingly finds itself left out of the mobile revolution.
LinkedIn second-quarter revenue forecast falls short of targets
SAN FRANCISCO (Reuters) - LinkedIn Corp forecast second-quarter revenue that fell short of expectations, sending its shares down roughly 8 percent in after hours trading on Thursday.
Twitter hires Morgan Stanley banker with IPO, M&A background
SAN FRANCISCO (Reuters) - Twitter has hired Cynthia Gaylor from Morgan Stanley to run its corporate development team, bringing in a veteran investment banker with experience in acquisitions and initial public offerings.
Facebook's mobile business expands in first quarter
(Reuters) - Facebook Inc's mobile advertising revenue growth gained momentum in the first three months of the year as the social network sold more ads to users on smartphones and tablets, partially offsetting higher spending which weighed on profits.
Siemens curbs outlook on weak industry demand
FRANKFURT (Reuters) - German industrial bellwether Siemens AG lowered its profit outlook for this year due to weak demand from industry and delays in delivering high speed trains and connecting offshore wind farms.
Harman International raises full-year forecast; shares rise
(Reuters) - Audio systems maker Harman International Industries Inc, whose brands include JBL and Harman Kardon, raised its earnings forecast for the year ending June, and said it will shift more jobs to lower-cost countries in the next five years.
Chipmaker Infineon says auto orders help lift outlook
FRANKFURT (Reuters) - German chipmaker Infineon brightened its gloomy outlook for this year, citing orders from carmakers hoping sales of higher-spec models in China will offset flagging demand in Europe.
Lehman Brothers sues Intel over $1 billion in seized collateral
(Reuters) - Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed.
Dish chairman asserts U.S. advantage in Sprint bid
NEW YORK (Reuters) - Dish Network Corp Chairman Charlie Ergen escalated the war of words with Japan's SoftBank Corp over the future of U.S. mobile company Sprint Nextel Corp, saying Sprint's network needed modernization best performed by English-speaking employees from a U.S. company.
HTC marketing blitz to squeeze 2013 margins
TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp will struggle to improve its margins this year as it increases marketing spend for its latest model in a bid to catch up to rivals Samsung Electronics Co Ltd and Apple Inc.
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