Friday, 24 May 2013

Icahn seeks up to $7 billion for Dell bid

By on 05:08

Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange, in this June 27, 2007, file photo. REUTERS/Chip East/FilesActivist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.
Jefferies & Co is leading the deal.

Google, like Facebook, in talks to buy Waze for about $1 billion: report

By on 05:06
Waze, an Israeli mobile satellite navigation application, is seen on a smartphone in this photo illustration taken in Tel Aviv May 9, 2013. REUTERS/Nir Elias
Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the matter.
Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a source.

Apple enjoyed Irish tax holiday from the start

By on 05:02

Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland May 21, 2013. REUTERS-Michael MacSweeneyApple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said.
Chief Executive Tim Cook faced criticism from a Senate subcommittee in Washington on Tuesday over the iPad and iPhone maker's tax practices, which had been shrouded from full view behind secretive tax-exempt Irish-based corporate entities.

Tuesday, 21 May 2013

Senate panel hammers Apple over offshore tax strategies

By on 08:57

Apple CEO Tim Cook arrives at a Senate homeland security and governmental affairs investigations subcommittee hearing on offshore profit shifting and the U.S. tax code, on Capitol Hill in Washington, May 21, 2013. REUTERS/Jason ReedApple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government.
"Apple effectively shifts billions of dollars in profits offshore, profits that under one section of the tax code should nonetheless be subject to U.S. taxes, but through a complex process avoids those taxes," said Senator Carl Levin.
Apple Chief Executive Tim Cook was slated to testify to the subcommittee at the hearing, along with other senior executives of the company.

Yahoo's rise in Asia offsets risk from Tumblr bet

By on 08:54
A photo illustration shows the applications of Yahoo and Tumblr on the screen of an iPhone in Zagreb May 20, 2013. REUTERS/Antonio Bronic

Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously.
Mayer faces plenty of challenges in her efforts to turn six-year-old Tumblr into a money-spinner, not least among them retaining users while devising new types of non-intrusive online ads outside of Yahoo's traditional area of expertise.
And then there is Tumblr's hefty price tag: a sum that equates to a fifth of Yahoo's cash.

Ireland rejects blame for Apple's low tax rate

By on 08:51

Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland in this October 6, 2011 file photo. REUTERS/Michael MacSweeney/filesIreland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.
The Irish government, which has seen the luring of U.S. multinationals with low taxes as a key part of its economic policy since the 1960s, said its system was transparent and other countries were responsible if the tax rate paid by Apple was too low.

Sony Xperia UL announced in Japan

By on 08:45

The Sony Xperia UL was revealed today by Japanese carrier KDDi. It packs the same 5-inch 1080p screen as the Xperia Z flagship, as well as its water and dust resistance.
The Sony Xperia UL
A 1.5 GHz quad-core processor is also in the mix, as well as the Adreno 320 GPU and 2 GB of RAM, but the real star of the show will be 13 MP camera sensor, which, besides HD video recording, is capable of taking burst photos at up to 15 frames per second. The Xperia UL also comes complete with a dedicated camera button, which the Xperia Z doesn't have.
Sony Xperia UL live images

Samsung Galaxy S4 mini benchmark scorecard surfaces

By on 08:43

We all know that, Samsung is working on a "mini" variant of its Galaxy S4 flagship smartphone. Images of the Galaxy S4 mini have been leaked few times and now, we got yet another benchmark results of the device.
Interestingly enough, the new result points to a Qualcomm chipset, rather than the Exynos 5 we heard of earlier. Either one of the two rumors is fake, Samsung had a sudden change of heart or there will be two different versions (like on the regular Galaxy S4).

Samsung Galaxy S4 Active stars in short video, still not official

By on 08:37

True to its name, the Samsung Galaxy S4 Active just can't sit still under wraps and has leaked yet again. This time it's on video sent to Mobile Tech Review. The video doesn’t show much, but it does show the About screen.
The rugged smartphone bears the same I9295 model number as before, but according to the tipster it's powered by a dual-core Snapdragon Plus chipset. The comment under the video says dual-core Snapdragon Pro.
This doesn’t match the previous leak where AnTuTu's System info screen claimed quad-core CPU clocked at 1.9GHz plus Adreno 320 GPU, which could only be a Snapdragon 600 chipset.
There might be multiple models, but they should have different model numbers. Previously we heard of the Samsung I537 Galaxy S4 Active for AT&T, which has a Snapdragon S4 Plus chipset according to GFXBench.