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Monday, November 4, 2013

Technology Report: Twitter boosts IPO range amid strong investor demand

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11/4/2013
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
Twitter boosts IPO range amid strong investor demand
NEW YORK/SAN FRANCISCO (Reuters) - Twitter Inc raised the top end of its IPO price range by 25 percent and will close its books a day early, signaling strong demand for the most closely watched Silicon Valley debut since Facebook Inc last year.
BlackBerry calls off sale, spurring doubts and stock plunge
TORONTO (Reuters) - BlackBerry Ltd abandoned on Monday its plan to sell itself and said its CEO is stepping down, sparking a 16 percent dive in its share price and raising fears the struggling smartphone maker is running out of options.
Half of U.S. adult Twitter users consume news on the platform
(Reuters) - About half of all adult Twitter users in the United States said they get news through the social media platform, mainly on mobile devices, according to a new survey.
Taiwan branding stymied by its success at making others' gadgets
TAIPEI (Reuters) - Taiwan's success at designing and mass producing must-have gadgets for branded rivals such as Apple Inc makes it tougher for its companies trying to launch aspirational consumer brands of their own.
U.S. justices decline to review Facebook 'Beacon' settlement
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday let stand Facebook Inc's $9.5 million class action settlement over allegations the social networking company's defunct "Beacon" service violated its members' privacy rights.
Italy eyes 'Google Tax' to help fix public finances
ROME (Reuters) - Italy's largest ruling party has proposed legislation to raise government revenues by making it more expensive for multinational online companies like Google, Amazon and Yahoo to do business there.
Brazil's local Internet data storage plan runs into opposition
BRASILIA/SAO PAULO (Reuters) - A government plan to shield Brazil from alleged U.S. spying by forcing global Internet companies to store data on Brazilian users inside the country has run into mounting opposition in Congress, politicians said on Monday.
Alcatel-Lucent seeks to raise $2 billion for recovery drive
PARIS (Reuters) - Loss-making telecom equipment maker Alcatel-Lucent plans to raise 955 million euros ($1.3 billion) from shareholders and $750 million from a high-yield bond to cut debt and drive what its boss has called a last-ditch effort to save the group.
Google's Schmidt says NSA spying outrageous if true - WSJ
(Reuters) - Google Inc Executive Chairman Eric Schmidt said widespread U.S. government spying on its data centers would be outrageous and potentially illegal if true, the Wall Street Journal reported.
Singapore on alert for cyber attacks after websites hacked
SINGAPORE (Reuters) - Singapore's government has been put on heightened alert for cyber attacks after people claiming to be from international hacking collective Anonymous defaced several web sites in the city-state and threatened further action.
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