Technology Report: IBM third-quarter EPS beats Street, revenue misses

	Click to View in Browser 10/16/2013 IBM third-quarter EPS beats Street, revenue misses (Reuters) - IBM, the world's largest technology services company, reported third-quarter earnings that beat Wall Street estimates but it missed revenue expectations. Prominent attorney named as monitor in Apple e-books case NEW YORK (Reuters) - Michael Bromwich, a high-profile attorney and former federal prosecutor who served in President Obama's administration, was appointed external monitor of Apple Inc's antitrust compliance as part of the e-books case brought against the technology giant by the U.S. government. Apple cuts orders of iPhone 5C as consumers prefer 5S TAIPEI/BEIJING (Reuters) - Apple Inc is cutting production orders for its plastic-backed iPhone 5C a month after launch, a source familiar with its supply chain said on Wednesday, fueling speculation the cheaper model of its main gadget may have been priced too high. Ebay founder to launch independent mass-market news venture SAN FRANCISCO (Reuters) - EBay Inc founder Pierre Omidyar on Wednesday said he is building an independent media organization covering news from sports to politics for mainstream readers, spearheaded by big names including ex-Guardian correspondent Glenn Greenwald. America Movil won't proceed with KPN offer; shares surge MEXICO CITY (Reuters) - America Movil, the phone company controlled by billionaire Carlos Slim, said it would not go ahead with a plan to boost its stake in KPN after the Dutch telecom's foundation blocked the Mexican company's bid. Analysts raise Yahoo price targets on Alibaba magic (Reuters) - Yahoo Inc's plan to keep a larger-than-expected stake in e-commerce giant Alibaba after the Chinese company's IPO prompted at least seven brokerages to raise their stock price targets on the U.S. company. Ubisoft shares slump after warning over games delay PARIS (Reuters) - Shares of French videogames publisher Ubisoft slumped more than 25 percent to an eight-month low on Wednesday after delaying the release of two titles until next year, missing the holiday season in the hotly competitive industry. Egyptian tycoon says Wind Mobile in peril due to Ottawa policy TORONTO (Reuters) - Egyptian telecom magnate Naguib Sawiris said on Wednesday the lack of clarity around Ottawa's telecom policy has put Wind Mobile, the largest new entrant in the Canadian wireless market, at risk of going bust. Head of world's Anglicans joins Instagram to push credit unions LONDON (Reuters) - The Church of England's spiritual leader has joined the photo-sharing site Instagram used by celebrities to reach a wider audience but instead of posting "selfies" he is using the social network to champion credit unions for debt-laden families. Twitter picks NYSE for IPO even as losses widen SAN FRANCISCO (Reuters) - Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs. Related Video FACTBOX: Twitter lists on NYSE; Revenues double Ahrendts will help Apple recapture past glory- S&P's Kessler Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend