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Monday, April 1, 2013

Technology Report: Fidelity Contrafund's Danoff cuts Apple stake 10 percent

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04/1/2013
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Fidelity Contrafund's Danoff cuts Apple stake 10 percent
BOSTON (Reuters) - Portfolio manager Will Danoff, whose $92 billion Fidelity Contrafund is the largest active shareholder in Apple Inc, cut the fund's stake in the iPhone maker 10 percent during the first two months of 2013.
Apple CEO apologizes to Chinese consumers, revamps service
BEIJING/SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook apologized to Chinese consumers on Monday and altered iPhone warranty policies in its No. 2 market after more than two weeks of condemnation of its after-sales service in the state-run media.
Capitol wins digital records lawsuit vs ReDigi start-up
(Reuters) - In a major lawsuit testing the legitimacy of music downloads, Capitol Records LLC has won a court ruling that the start-up ReDigi Inc has infringed its music copyrights.
MetroPCS urges shareholders to vote for T-Mobile deal
(Reuters) - MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG unit T-Mobile USA Inc after two proxy advisory firms recommended that shareholders vote against the deal.
Apps help parents monitor children's Internet use
TORONTO (Reuters) - With smartphone and tablet users getting younger, new apps can help parents of 2-to-13-year-olds monitor and control their children's use of the Internet.
Appeals court denies broadcaster request to shut Aereo
(Reuters) - An appeals court on Monday declined to temporarily shut down Aereo Inc, an online television venture backed by billionaire Barry Diller that broadcasters say is infringing their copyrights.
Youth flock to mobile messaging apps, may be threat to Facebook
SAN FRANCISCO (Reuters) - Create personal profiles. Build networks of friends. Share photos, videos and music.
Panasonic unit in U.S. bribery investigation: WSJ
NEW YORK (Reuters) - A unit of Japan's Panasonic Corp is under investigation by U.S. authorities looking at whether the company paid bribes overseas to airline employees or government officials to help land business, the Wall Street Journal reported.
Saudi orders telcos to ensure Skype, Whatsapp meet local laws
RIYADH (Reuters) - Some Internet-based communication tools such as Skype and Whatsapp flout Saudi Arabia's telecom laws, the regulator said on Sunday, instructing telecom operators to quickly ensure these services comply.
Dell warns of risks of remaining a public company
NEW YORK/SAN FRANCISCO (Reuters) - Dell Inc warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group LP and billionaire investor Carl Icahn as fraught with risk.
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