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Wednesday, November 19, 2014

Technology Report: GT Advanced Tech creditors chafe at settlement deal with Apple

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GT Advanced Tech creditors chafe at settlement deal with Apple
(Reuters) - Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming from a deal to supply sapphire screens.
Apple to offer Beats music service in iPhone, iPad: FT
(Reuters) - Apple Inc will bundle the subscription music service it bought from Beats into its iOS operating system early next year, the Financial Times reported.
U.S. entrepreneur considered suing Uber over tracking activities
SAN FRANCISCO (Reuters) - A San Francisco Bay Area entrepreneur and author whose location in an Uber vehicle was allegedly broadcast to a roomful of party-goers without his permission considered legal action against the company and consulted an attorney, he said on Wednesday.
U.S. court shuts down telemarketer FTC says bilked customers of $120 million
WASHINGTON (Reuters) - A federal court has temporarily shut down a U.S. technology telemarketing operation accused of bilking customers of $120 million, while also ordering the freezing of assets of telemarketers and their executives.
Canada's Kik raises $38 million, buys video messaging app Relay
TORONTO (Reuters) - Canadian mobile instant messaging company Kik Interactive Inc said on Wednesday it had raised C$38.3 million and acquired video messaging company Relay as it aims to turn its youth-focused application into a broader platform for commerce.
Qualcomm CEO more cautious on future revenue growth
SAN FRANCISCO (Reuters) - Mobile chipmaker Qualcomm Inc gave a more conservative five-year outlook than in the past as it faces an antitrust probe in China and more consumers there and in other developing countries buy lower-priced smartphones.
China's Xiaomi says invests $300 million in online video firm iQiyi
BEIJING (Reuters) - Xiaomi Technology Co Ltd [XTC.UL] said on Wednesday it has made $300 million investment in online video provider iQiyi.
SAP's CEO promises detailed plan for growth in January
BARCELONA (Reuters) - German business software maker SAP will spell out in the new year how it plans to grow each of its major lines of business over the next few years, without making any further big acquisitions, its chief executive said on Wednesday.
Billboard in NY's Times Square is world's largest high-def display
NEW YORK (Reuters) - The biggest advertising billboard in Times Square history, longer that a football field and eight stories high, will light up for the first time on Tuesday.
Finland's Jolla plans crowd-funded tablet
HELSINKI (Reuters) - Finland's Jolla, a group of ex-Nokia software developers, announced a plan to launch a crowd-sourced tablet computer just a day after Nokia said it was reviving its consumer brand by entering the tablet market.
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