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Wednesday, December 5, 2012

Technology Report: Apple shares tumble 4 percent in heavy trade

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12/5/2012
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
Apple shares tumble 4 percent in heavy trade
NEW YORK/SAN FRANCISCO (Reuters) - Shares of Apple Inc tumbled nearly 4 percent on Wednesday, rounding off a bleak ten weeks for the most valuable U.S. company, with analysts citing factors such as increasing competition in the tablet market.
EU mulls more flexible online copyright law
BRUSSELS (Reuters) - Internet users in Europe may be allowed to copy parts of some copyrighted files legally under reforms to outdated rules governing the murky world of online piracy, EU officials said on Wednesday.
EU imposes record $1.9 billion cartel fine on Philips, five others
BRUSSELS (Reuters) - The European Commission imposed the biggest antitrust penalty in its history on Wednesday, fining six firms including Philips, LG Electronics and Panasonic a total of 1.47 billion euros ($1.92 billion) for running two cartels for nearly a decade.
Instagram's Systrom coy on ad plans, user data
PARIS (Reuters) - Instagram's youthful Chief Executive Kevin Systrom allowed himself a luxury at a Paris technology conference that he never feels comfortable doing in San Francisco: wearing a tie.
Plaintiff in Mexico Yahoo case says open to a settlement
MEXICO CITY (Reuters) - A plaintiff in a case against Yahoo Inc in which a Mexico City civil court made a $2.7 billion preliminary judgment against the U.S. firm said on Wednesday he and his partners were willing to accept a legal settlement for less.
In brewing rivalry, Instagram trims ties to Twitter
SAN FRANCISCO (Reuters) - Facebook Inc's recently acquired photo-sharing service Instagram removed a key element of its integration with Twitter, signaling a deepening rift between two of the Web's dominant social media companies.
New net rules would hit digital economy: diplomat
DUBAI (Reuters) - Inter-governmental regulation of the Internet could deter investment, raise costs for consumers and hinder online access, a U.S. diplomat said on Wednesday.
Clock ticking for Yahoo appeal of $2.7 billion Mexican ruling
MEXICO CITY (Reuters) - Yahoo Inc has until mid-January to appeal a Mexican civil court's $2.7 billion judgment against it, an official at the court told Reuters on Wednesday.
Apple to lose tablet market share to Android in 2012: IDC
(Reuters) - Apple Inc's iPad and iPad mini tablets would lose some market share to devices running on Google Inc's Android platform for the full year, research firm International Data Corp (IDC) said.
Google talks continuing, no antitrust decision yet: EU's Almunia
BRUSSELS (Reuters) - EU antitrust regulators have not yet made a decision in their case against Google and are still talking to the Internet search firm to resolve complaints that it used its clout to block rivals, the EU's competition chief said.
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