Technology Report: Exclusive: Verizon to take on Netflix with Web service

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	12/6/2011
Good afternoon Verizon Communications plans to launch a standalone service allowing customers to stream movies and television shows over the Web, in a fresh challenge to Netflix and the traditional cable TV business, according to several people briefed on the plan. Wireless service provider Verizon Wireless said it was not blocking Google's payments app, Google Wallet, on its latest smartphone, and said it was still in talks with Google about the service. A court in southern China has rejected a lawsuit by Apple, accusing a Chinese technology company of infringing its iPad trademark, a newspaper reports, the latest move in a protracted tug-of-war over the name. For most brokerages, the question is not whether to cut their price targets for Research In Motion but by how much. Analysts who see the possibility of a white knight emerging for the struggling BlackBerry maker have favored a target higher than its current trading level of about $17 a share. For those who see no end in sight for RIM's downward spiral, the target tends to be much lower. A court error on Friday offered a brief glimpse at information that Apple Inc and Samsung Electronics have tried to shield from the public during their high-stakes patent litigation. LATEST NEWS Exclusive: Verizon to take on Netflix with Web service December 06, 2011 03:08 PM ET NEW YORK (Reuters) - Verizon Communications Inc plans to launch a standalone service allowing customers to stream movies and television shows over the Web, in a fresh challenge to Netflix Inc and the traditional cable TV business, according to several people briefed on the plan. | Full Article Verizon says not blocking Google Wallet December 06, 2011 03:18 PM ET (Reuters) - Wireless service provider Verizon Wireless said it was not blocking Google Inc's payments app, Google Wallet, on its latest smartphone, and said it was still in talks with Google about the service. | Full Article German patent firm asks retailers to halt HTC sales December 06, 2011 01:30 PM ET (Reuters) - Patent firm IPCom said on Tuesday it had asked top German cellphone retailers to stop selling phones of HTC, threatening them with legal action, as HTC has not complied with a court ruling on injunction of its sales. | Full Article RIM target prices factor in white knight scenario December 06, 2011 12:53 PM ET TORONTO (Reuters) - For most brokerages, the question is not whether to cut their price targets for Research In Motion but by how much. | Full Article Chinese court rejects Apple lawsuit over iPad name December 06, 2011 02:19 PM ET HONG KONG (Reuters) - A court in southern China has rejected a lawsuit by Apple Inc, accusing a Chinese technology company of infringing its iPad trademark, a newspaper reported on Tuesday, the latest move in a protracted tug-of-war over the name. | Full Article BUSINESS NEWS Wall St up, investors ignore S&P warning December 06, 2011 03:20 PM ET NEW YORK (Reuters) - Stocks advanced on Tuesday and were near session highs as investors showed a muted reaction to the S&P's recent downgrade warning for the euro zone. | Full Article S&P threatens euro zone, EU chief urges bigger fund December 06, 2011 02:40 PM ET BRUSSELS/BERLIN (Reuters) - Standard & Poor's fired a second warning shot at the euro zone in 24 hours, threatening on Tuesday to cut the credit rating of its financial rescue fund as European leaders raced to find a political solution to their sovereign debt crisis. | Full Article Exclusive: Fiat-Chrysler CEO "guardedly optimistic" on euro December 06, 2011 02:59 PM ET NEW YORK (Reuters) - Sergio Marchionne, the chief executive of Chrysler Group LLC and Fiat SpA, is "guardedly optimistic" the European Union will take steps this week to help the euro regain its credibility. | Full Article Fed to hold off on easing, finalize policy framework December 06, 2011 02:37 PM ET WASHINGTON (Reuters) - The Federal Reserve looks set to hold off on easing monetary policy for a second meeting in a row as it gauges the impact of Europe's crisis on the U.S. economy and ponders additional transparency steps. | Full Article Court approves Lehman plan to exit bankruptcy December 06, 2011 02:05 PM ET NEW YORK (Reuters) - Lehman Brothers Holdings Corp, now just the odds and ends of the global financial behemoth that collapsed in September 2008, received court approval on Tuesday to exit bankruptcy early next year. | Full Article U.S. TOP NEWS CFTC chief slammed for ties to MF Global's Corzine Obama hits Republicans in starkly populist speech Insight: Conflicting visions at core of euro zone crisis Panel urges legal action in damning Olympus report Blasts across Afghanistan target Shi'ites, 59 dead RELATED VIDEO Valentino's virtual 3D museum SAP taps SuccessFactors for cloud boom 3D mirror gives shoppers a new angle A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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