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Monday, April 15, 2013

Technology Report: Trader admits fraud in $1 billion Apple stock scheme

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04/15/2013
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
Trader admits fraud in $1 billion Apple stock scheme
(Reuters) - A former Rochdale Securities trader whose unauthorized purchase of about $1 billion of Apple Inc stock caused the demise of the financial services company pleaded guilty on Monday to wire fraud and conspiracy.
Dish tries to trump SoftBank with $25.5 billion Sprint bid
(Reuters) - Dish Network Corp, the No. 2 U.S. satellite television provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp.
Google rivals may be quizzed on antitrust offer this week
BRUSSELS (Reuters) - Google's rivals could get the chance to ramp up pressure for tougher concessions from the search giant when they are asked, possibly as early as this week, to study its proposals for ending an EU antitrust investigation.
MetroPCS urges shareholders to vote for amended T-Mobile deal
(Reuters) - MetroPCS Communications amended the terms for its proposed merger with Deutsche Telekom unit T-Mobile USA, and asked shareholders to vote for the deal.
Vodafone to cut 500 jobs in Germany
FRANKFURT (Reuters) - Vodafone will cut 500 jobs in Germany, the company said on Monday, as the group adjusts to harsher competition and lower fees in Europe's largest economy.
iPhone supplier Japan Display turns to smaller smartphone makers
TOKYO (Reuters) - Japan Display Inc, one of two Japanese producers of Apple Inc iPhone screens, wants to boost sales by up to 60 percent by winning more business from smaller makers of phones and tablets to offset lackluster orders from its bigger clients.
Top court agrees to hear Sprint appeal over fees
WASHINGTON (Reuters) - The Supreme Court agreed on Monday to intervene in a dispute between a Sprint Nextel Corp subsidiary and the utilities regulator in Iowa.
Deutsche Telekom tweaks charges in German mobile turf war
FRANKFURT (Reuters) - Deutsche Telekom followed its three main rivals and revised its German mobile charges on Monday as the turf war intensifies Europe's biggest national market.
Eastman Kodak to sell document imaging business assets
(Reuters) - Bankrupt photography pioneer Eastman Kodak Co said it has agreed to sell some of its document imaging business' assets for $210 million in cash under a stalking horse bid by Brother Industries Ltd.
Nokia seen curbing sales decline with Lumia's China push
HELSINKI (Reuters) - Nokia's push to expand sales of its Lumia smartphones in new markets such as China should help shrink an overall revenue decline and reduce its first-quarter loss, easing some of the pressure on CEO Stephen Elop.
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