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Tuesday, April 30, 2013

Technology Report: Apple wows market with record $17 billion bond deal

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04/30/2013
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Apple wows market with record $17 billion bond deal
NEW YORK/LONDON, April 30 (IFR) - Apple Inc wowed the debt markets on Tuesday with the largest non-bank bond deal in history, offering a whopping $17 billion for sale as the U.S. computer giant switches strategy to placate restless shareholders.
Qualcomm steps up chip branding campaign, plans TV ad
SANTA CLARA, California (Reuters) - Qualcomm Inc is stepping up its Snapdragon chip branding campaign, including a commercial for movie theaters and television, in a bid to build customer loyalty in an increasingly competitive smartphone industry.
Exclusive: Ride service Uber raising cash at $1 billion valuation
SAN FRANCISCO (Reuters) - Ride-sharing service Uber is raising a new funding round at a valuation of $1 billion, according to a person familiar with the situation.
New CEO to expand Sirius beyond satellite radio in cars
(Reuters) - The new CEO of satellite radio company Sirius XM Radio Inc thinks radio is a good business, but for the future he said opportunities may lie with in-car services like automated safety.
SoftBank slams Dish's Sprint bid, rules out sweeteners
TOKYO/NEW YORK (Reuters) - SoftBank Corp President Masayoshi Son came out swinging on Tuesday against Dish Network Corp's rival bid for Sprint Nextel Corp, saying the satellite TV company would cripple Sprint with debt and was ill-prepared to run a wireless service.
Leap Wireless revenue falls as it loses customers
NEW YORK (Reuters) - Wireless service provider Leap Wireless reported on Tuesday a wider quarterly loss as revenue declined as it had more than 93,000 net customer losses in the first quarter.
Mexican Congress passes telecoms overhaul in swipe at Slim, rivals
MEXICO CITY (Reuters) - Mexico's Congress on Tuesday gave overwhelming final approval to an expansive overhaul of the telecommunications sector, which aims to boost competition in the industry and tame the likes of billionaire Carlos Slim and broadcaster Televisa.
Symantec shares plunge, traders see mini 'flash crash'
(Reuters) - Shares of Symantec Corp plunged some 10 percent in a matter of seconds on Tuesday before being halted by the Nasdaq, in the latest instance of what traders called a single-stock "flash crash."
Analysis: First Data's new CEO faces debt burden, needs growth
NEW YORK (Reuters) - First Data Corp's new chief, Frank Bisignano, said he can tackle the world's largest payment processing company's roughly $24 billion debt burden by boosting profits and positioning it for an initial public offering. But the former JPMorgan Chase & Co executive has a tough task ahead.
Verizon to invest $100 million in solar, fuel cell technology
WASHINGTON (Reuters) - Verizon said on Tuesday it plans to invest $100 million in solar power and fuel cells at 19 facilities in seven U.S. states to cut its carbon footprint and make its operations more resilient to storms and other disasters.
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