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Posts Tagged ‘Media and Telecoms’

Facebook warns costs will grow faster than sales

Facebook warns costs will grow faster than sales
Facebook has warned Wall Street that its costs will grow faster than sales this year, as the social networking site battles for a larger slice of the mobile advertising market. The Silicon Valley company expects expenses to surge 50pc this year as it acclerates the hiring of engineers and ploughs money into new ventures such as ... Full story

Brussels orders Google to change way it presents results

Brussels orders Google to change way it presents results
Google will be forced to change the way it presents search results in Europe or face sanctions from Brussels for unfairly manipulating its position as the world’s biggest internet search engine. The European Union’s competition chief, Joaquin Almunia, told a newspaper that it is his “conviction” that Google is unfairly promoting links to its own services ... Full story

Apple chief Tim Cook takes 99pc pay cut

Apple chief Tim Cook takes 99pc pay cut
Apple chief executive Tim Cook took a 99pc pay cut this year after receiving record compensation in 2011. The head of the iPhone maker will receive $4.17m (£2.6m) for the past 12 months, Apple said on Thursday, after pocketing $378m last year. That award was inflated after Apple handed Mr Cook stock options that he will ... Full story

‘We are not the bogeyman,’ Google tells MPs

'We are not the bogeyman,' Google tells MPs
Google's UK policy chief has told MPs that the web search giant is not “the bogeyman” of the internet, as the embattled technology giant fought to restore its reputation. The American company has been lambasted in recent months after it emerged that it paid just £6m corporation tax in Britain last year, despite making $4.1bn in ... Full story

Apple loses its shine as shares drop below $500

Apple loses its shine as shares drop below $500
Apple share price has dropped below the $500 threshold for the first time since February, fuelled by fears that the world’s biggest company is starting to lose its shine. The iPhone and iPad-producer joined the exclusive $500-a-share club in February after record sales of its devices, and briefly surpassed $700 a share in September. However, analysts ... Full story

James Harding steps down as editor of The Times

James Harding steps down as editor of The Times
News International ousted James Harding as editor of The Times as it paved the way to merge the newspaper with The Sunday Times, it can be disclosed. Senior executives at Rupert Murdoch’s British newspaper operation have made informal approaches to Government to seek permission to restructure the papers as a single, seven-day news operation. News International is ... Full story

Hewlett Packard claims ‘don’t add up’, says Mike Lynch

Hewlett Packard claims 'don't add up', says Mike Lynch
Former Autonomy boss Mike Lynch is to summon Hewlett-Packard chief executive Meg Whitman to the UK "to explain herself", after she accused his business of cooking the books. The British entrepreneur claimed that Ms Whitman's sums "simply do not add up" and that there is no way the accounting improprieties that are alleged to have taken ... Full story

Autonomy accused of ‘serious accounting improprieties’ in explosive HP dispute

Autonomy accused of 'serious accounting improprieties' in explosive HP dispute
British entrepreneur Mike Lynch has angrily rejected allegations made on Tuesday that his software company Autonomy inflated its financial results before selling it to Hewlett-Packard for $11.1bn (£7bn). HP, the world's largest PC maker, stunned investors after alleging that serious accounting improprieties and outright misrepresentation at Autonomy forced it to pay too much for the UK ... Full story

Walt Disney buys Lucasfilm for $4bn and will release new Star Wars films

Walt Disney buys Lucasfilm for $4bn and will release new Star Wars films
Walt Disney has agreed to pay veteran film maker George Lucas $4.05bn (£2.5bn) to acquire the company behind the Star Wars franchise and make a seventh film in the series. Lucasfilm, which is 100pc owned by the director, will join Disney’s portfolio of brands from ESPN to Pixar and Marvel. Disney, which will fund the deal with ... Full story

4G will be widespread in Britain by next summer

4G will be widespread in Britain by next summer
Britain is to get widespread access to 4G mobile phone services by the summer of next year, six months earlier than hoped, after crunch talks between telecoms companies and the Government. Orange-owner EE is already scheduled to launch super-fast 4G services in 16 UK cities within the next few weeks but its rivals, Vodafone, O2 and ... Full story

Ofcom attack on James Murdoch throws his future into doubt

Ofcom attack on James Murdoch throws his future into doubt
James Murdoch is under renewed pressure to resign from the News Corporation and BSkyB boards, after Ofcom savaged his “character and conduct”. The broadcasting regulator on Thursday declared that BSkyB, the satellite television business, was “fit and proper” to hold a broadcasting licence, but it was unsparing in its assessment of Mr Murdoch, its former chairman. His ... Full story

Ofcom rules BSkyB ‘fit and proper’ but criticises conduct of James Murdoch

Ofcom rules BSkyB 'fit and proper' but criticises conduct of James Murdoch
Broadcasting regulator Ofcom has ruled that BSkyB is “fit and proper” to hold a broadcasting licence but has savaged James Murdoch for his “failure” to take action over phone hacking at News of the World. The regulator said in a statement that Mr Murdoch’s behaviour was “difficult to comprehend and ill-judged” and that he “repeatedly fell ... Full story
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