Technology Report: Backlash hits AOL CEO who linked pension cuts to 'distressed babies'

	Click to View in Browser 02/7/2014 Backlash hits AOL CEO who linked pension cuts to 'distressed babies' NEW YORK/LOS ANGELES (Reuters) - AOL Inc Chief Executive Tim Armstrong tried to tamp down a backlash after he linked a cut to pension benefits with rising insurance costs due to two employees' "distressed babies," insisting that the Internet provider was focused on families. Apple shareholders should reject Icahn's buyback proposal: proxy advisor SAN FRANCISCO (Reuters) - Proxy advisory firm Egan-Jones advised Apple Inc shareholders on Friday to reject activist investor Carl Icahn's demand that the iPhone maker expand its stock buyback program, a proposal that will be put to a vote this month. Apple buyback burnishes earnings per share, may soothe critics NEW YORK (Reuters) - Buy low, sell high. That's the investor's credo, and one Apple Inc appears to have followed when it pounced on a drop in its own stock price to buy $14 billion of its shares in two weeks. U.S. ends probe of Samsung's use of essential patents WASHINGTON (Reuters) - The U.S. Justice Department will close its investigation into Samsung Electronics' use of a special class of essential patents to attack rivals but would keep monitoring related patent litigation, it said on Friday. Analysis: Taiwan's MediaTek sets up backyard brawl with Qualcomm SAN FRANCISCO (Reuters) - Qualcomm Inc, the world leader in smartphone microchips, may want to shore up its defensive tactics. Canadian agency expects lower e-book prices after publishers deal TORONTO (Reuters) - Canada's business competition watchdog said on Friday it has reached an agreement with four major e-book publishers that it expects will lower e-book prices in the country. Yahoo shifts Europe tax base to Ireland from Switzerland LONDON/ROME (Reuters) - Yahoo! Inc is shifting its main European tax base to Ireland from Switzerland, a Reuters examination of company statements and accounts shows, as pressure mounts on the Alpine nation to abolish some corporate tax incentives. French court orders Google to display fine for privacy breach PARIS (Reuters) - Google will have to display on its French search page a notice saying it has been fined by the local data-protection watchdog over how user information is tracked and stored, France's top administrative court ruled on Friday. Online shoppers help cut U.S. Postal Service first-quarter loss WASHINGTON (Reuters) - The U.S. Postal Service narrowed losses in its latest quarter, as a surge in online shopping and package delivery boosted revenues during the busy holiday season. Amazon tests Brazil's retail jungle with its Kindle SAO PAULO (Reuters) - Amazon Inc. started selling its Kindle online in Brazil on Friday, expanding from ebooks into retail for the first time in Latin America's biggest and most challenging ecommerce market. Related Video UK stealth drone surpasses test flight expectations Reuters on the Road: Wet phone? Reviveaphone to the rescue 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