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Thursday, December 26, 2013

Technology Report: China approves pilot to open mobile telecoms market, boost competition

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12/26/2013
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
China approves pilot to open mobile telecoms market, boost competition
SHANGHAI (Reuters) - China has approved a pilot scheme allowing private companies to piggy back on the country's three dominant telecommunications providers to offer own-brand mobile services, opening the world's largest mobile phone market to increased competition.
Fortress, Harbinger back LightSquared latest bankruptcy exit plan
(Reuters) - U.S. wireless communications company LightSquared proposed exiting bankruptcy with financing from $2.75 billion in fresh loans and an equity investment of at least $1.25 billion, according to court documents.
Analysis: In telecom merger mania, skeptical eye from Obama administration
WASHINGTON/NEW YORK (Reuters) - A pair of potentially transformative U.S. telecoms and cable deals could run afoul of Obama administration regulators who worry that mergers among market leaders would hurt consumers.
Co-founder Lazaridis cuts stake in BlackBerry
(Reuters) - BlackBerry Ltd co-founder Mike Lazaridis cut his stake in the company to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled smartphone maker. (http://link.reuters.com/sup65v)
Hulu must face privacy lawsuit, U.S. judge rules
(Reuters) - Hulu has failed to persuade a federal judge to dismiss a lawsuit accusing the video streaming service of illegally sharing users' viewing history with Facebook Inc and business metrics company comScore Inc.
Disney cuts CEO pay, adds Twitter co-founder to board
(Reuters) - Walt Disney Co has slashed Chief Executive Bob Iger's fiscal 2013 compensation by 15 percent with a bonus cut, and named Twitter Inc co-founder Jack Dorsey an independent board director.
Japan's 7-Eleven kingpin looks to U.S. to inspire online revolution
TOKYO (Reuters) - The 81-year-old Japanese executive who built 7-Eleven into the world's biggest convenience store chain has a new mission: turning more than 50,000 bricks and mortar stores in Japan into portals to a new online retail empire.
Acer names ex-TSMC sales executive new CEO
(Reuters) - Acer Inc has named former TSMC sales executive Jason Chen its new CEO as of January 1, appointing a chipmaking industry veteran to the helm of a Taiwanese company struggling to overcome sluggish PC sales.
Insight: AOL banks on HuffPost to turn profitable next year
NEW YORK (Reuters) - It's the holiday season and Arianna Huffington, the influential woman behind the popular news website that bears her name, is busy buying sweaters - some 700 of them - as gifts to her employees.
T-Mobile prepaid service to offer free Facebook access
NEW YORK (Reuters) - GoSmart, the prepaid service of No. 4 U.S. operator T-Mobile US, said on Monday it would offer its customers free access to Facebook Inc whether or not they subscribe to its Internet service.
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