Young faces enliven Kuwait's faded art sceneMay 22, 2013 By Sylvia Westall KUWAIT (Reuters) - After two lackluster decades, Kuwait is experiencing a quiet revival of an arts scene once known as the most avant garde in the Gulf, thanks to a new generation eager to tackle sensitive issues using cutting-edge art forms. The art... ...Read More »
Telefonica cuts handset prices to win back Spanish clientsMay 22, 2013 MADRID (Reuters) - Spanish telecoms operator Telefonica lowered prices on smartphones by between 15 and 30 percent in its domestic market on Wednesday to fight increasing competition in the recession-hit country. Telefonica, which stopped subsidizing handsets for new clients last year to s... ...Read More »
Factbox: Apple, Amazon, Google and tax avoidance schemesMay 22, 2013 BRUSSELS (Reuters) - European leaders meet on Wednesday to discuss tax policy and specifically their concerns over how a number of high-profile international companies have managed to pay next to no tax on their vast sales revenue generated in Europe. Following is a summary of several rece... ...Read More »
Sony cuts sales target for cameras, smartphones for 2014-15May 22, 2013 TOKYO (Reuters) - Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen. Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in it... ...Read More »
Entertaining change: Sony to look at activist's spin-off ideaMay 22, 2013 By Tim Kelly TOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value. Struggli... ...Read More »
Sony to assess spin-off plan; cuts targets for cameras, smartphonesMay 22, 2013 By Tim Kelly TOKYO (Reuters) - Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were encouraging signs of a revival in its electronics business. CEO Kazuo Hirai told a press ... ...Read More »
Insight: No more easy pickings in Russia's banking marketMay 22, 2013 By Megan Davies MOSCOW (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for. While players such as Citi and Austria's Raiffeisen thrive, many have fo... ...Read More »
China's Ai Weiwei launches musical career with heavy metal "Dumbass" singleMay 22, 2013 By Maxim Duncan BEIJING (Reuters) - Dissident Chinese artist Ai Weiwei made his first foray into the musical world on Wednesday with the release of the top single from his debut album, a song called Dumbass that takes inspiration from his detention in 2011. The vide... ...Read More »
Mexican tycoon Slim seeks funding details of U.S. protest groupMay 21, 2013 By Elinor Comlay MEXICO CITY (Reuters) - A U.S. cellphone company owned by Carlos Slim has asked Californian authorities to investigate the funding behind protests against the Mexican tycoon by lobby group Two Countries, One Voice. The group has been leading U.S. prot... ...Read More »
PayPal fires up new data center to support growthMay 21, 2013 By Alistair Barr SAN FRANCISCO (Reuters) - PayPal has opened a new data center to help the online payment division of eBay Inc handle its rapid growth, President David Marcus said on Tuesday. The addition means PayPal now has four primary data centers, which it runs f... ...Read More »
CBS takes key ratings crown for first time in 21 yearsMay 21, 2013 (Reuters) - Broadcast network CBS said on Tuesday it won this season's ratings race among the 18-to-49 age group most prized by advertisers, claiming its first victory in that audience in 21 years. CBS, a unit of CBS Corp, snatched the title from News Corp-owned Fox, which had dominate... ...Read More »
Court revives lawsuit vs Electronic Arts over video game imageMay 21, 2013 By Jonathan Stempel (Reuters) - A divided federal appeals court has revived a lawsuit against Electronic Arts Inc by a former Rutgers University star football quarterback, who accused it of using his image in a video game without permission. By a 2-1 vote, the 3rd U.S... ...Read More »
Is Sony un-Japanese enough to entertain change?May 21, 2013 By Tim Kelly TOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value. Struggli... ...Read More »
PayPal to increase marketing this year for offline pushMay 21, 2013 By Alistair Barr SAN FRANCISCO (Reuters) - PayPal, the online payment operation owned by eBay Inc, will increase marketing spending to support its push into physical stores, President David Marcus said on Tuesday. You'll start seeing us amping marketing up later ... ...Read More »
Microsoft unveils Xbox One with Spielberg, Activision tie-upMay 21, 2013 By Bill Rigby and Malathi Nayak REDMOND, Washington (Reuters) - Microsoft Corp gave the world a first look at its new Xbox One on Tuesday, announcing that its first gaming console in eight years will come with exclusive video and software content, including a Halo series produced by Stev... ...Read More »
PayPal to be in all RadioShack stores starting in MayMay 21, 2013 By Alistair Barr SAN FRANCISCO (Reuters) - PayPal, the online payment operation owned by eBay Inc, announced a new partnership on Tuesday with RadioShack Corp that will introduce PayPal into all of the electronics retailer's stores starting this month. PayPal has ... ...Read More »
Intel CEO shakes up units, creates 'new devices' groupMay 21, 2013 By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganization and created a unit aimed at growing its market share in future mobile technologies. The shakeup, announced internally just ... ...Read More »
EU and U.S. not coordinating on China solar disputeMay 21, 2013 By Daniel Bases and Doug Palmer (Reuters)- NEW YORK/WASHINGTON - Europe and the United States both said on Tuesday they were not holding coordinated talks to negotiate an end to a trade dispute with China over the dumping of solar panels onto their respective markets.
Microsoft unveils new Xbox One game consoleMay 21, 2013 REDMOND, Washington (Reuters) - Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the newly named Xbox One will build on a solid core of gamer fans and become a hub for living room entertainment. The third-generation Microsoft console, coming eight yea... ...Read More »
Exclusive: Intel CEO shakes up units, creates 'new devices' groupMay 21, 2013 By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping reorganization of the world's top chipmaker and created a unit aiming to retake the top chipmaker's lead in mobile and semiconductor innovation. ... ...Read More »
