Technology Report: Apple's shares tank as new iPhones fail to dazzle

	Click to View in Browser 09/11/2013 Apple's shares tank as new iPhones fail to dazzle (Reuters) - Apple Inc's shares slid 6 percent on Wednesday as a pricier-than-expected iPhone "5C" extinguished hopes of a major expansion into lower-end markets such as China, while a fingerprint scanner-equipped premium version fell short on hardware advancements. Facebook shares break $45 for first time since 2012 IPO SAN FRANCISCO (Reuters) - Shares of Facebook Inc rose more than 3 percent to a new high Wednesday, valuing the world's No. 1 social network at $106 billion, as investors focused on its recent mobile advertising advances ahead of a speech by its chief executive. Apple, Google back in court over mobile phone patent lawsuit WASHINGTON (Reuters) - Apple and Google subsidiary Motorola Mobility on Wednesday squared off in court over whether a judge should reopen a lawsuit in which the companies accuse one other of illegally using their patented mobile phone technology. Supplier shares fall as Apple's 5C iPhone stirs doubts TOKYO/HONG KONG (Reuters) - Shares of Apple Inc's component suppliers came under pressure on Wednesday as investors locked in recent gains on concerns that its lower-cost iPhone was still too expensive for its target audience in China and other emerging markets. China's Huawei sees 10 percent annual revenue growth over next five years STOCKHOLM (Reuters) - Chinese telecom equipment firm Huawei said on Wednesday it expected to grow its revenues by 10 percent annually over the next five years from the $35 billion it achieved in 2012. Sirius XM adds executives from ESPN, Microsoft to board (Reuters) - Former ESPN chief George Bodenheimer and Microsoft executive Anthony Bates are joining the board of directors of Sirius XM, the satellite radio provider controlled by John Malone's Liberty Media. EU Commission unveils plan to cap cost of phone calls BRUSSELS (Reuters) - The European Commission on Wednesday proposed a price cap on cross-border phone calls in Europe and asked for veto power over sales of mobile spectrum, as part of a fresh attempt to overhaul the bloc's telecommunications sector. Dyson launches legal action against Samsung LONDON (Reuters) - British manufacturer Dyson said it had begun legal action against Samsung Electronics, to protect against what it claims is a "cynical rip off" by the Korean group of the British firm's patented technology. Mexico has deal on broadcast spectrum recovery: ministry MEXICO CITY (Reuters) - Mexico has reached basic agreement with companies holding a chunk of broadcast spectrum that could boost competition in that country's telecommunications market, the Transport and Communications ministry said on Wednesday. Software company Veeva files for IPO of up to $150 million (Reuters) - Life sciences-focused software company Veeva Systems Inc filed with U.S. regulators to raise up to $150 million in an initial public offering of its common stock. Related Video Timelapse video shows nine years of 9/11 reconstruction Lab grown brain to open doors for disease research 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