Samsung Galaxy S3 gets head start on rival iPhone

SEOUL/LONDON (Reuters) - Samsung Electronics launched its top-of-the-range Galaxy S3 smartphone in Europe on Tuesday, aiming to outsell the previous model that helped the South Korean company topple Apple as the world's largest smartphone maker.The Galaxy S3, which tracks the user's eye movements to keep the...

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Facebook could pay over $1 billion for Opera: analysts

OSLO (Reuters) - Opera Software shares soared over 20 percent on Tuesday on talk Facebook Inc. was in discussion to buy the firm, while analysts said competition from Google and others could push the price tag of any deal over $1 billion.Shares of Oslo-listed Opera, coveted for its advanced mobile phonesoftware technology,...

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U.S. to fine Ericsson in Panama $1.75 million over Cuba shipments

(Reuters) - World number one mobile network equipment maker Ericsson's subsidiary in Panama will pay a $1.75 million penalty to the U.S. Department of Commerce for violating U.S. export restrictions on Cuba, a settlement agreement obtained by Reuters showed.The agreement, which was approved on Thursday but has not yet been made publicly available,...

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Bharti adds 2 million Indian mobile users in April: industry

(Reuters) - Bharti Airtel, India's top mobile phone operator, added 2.01 million mobile users in April, taking its total subscribers in the country to 183.3 million, data from an industry body showed on Friday.Vodafone's Indian unit, which is the country's No. 3 mobile operator by subscribers, signed up 0.82 million mobile...

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As rivals falter, Lenovo has emerging market edge

HONG KONG (Reuters) - With home turf advantage in the world's biggest computer market and a foothold in major emerging economies, China's Lenovo Group is looking to turn market shareinto profit, heaping more pressure on U.S. rivals Hewlett-Packard Co and Dell Inc.Concern that global tech spending, particularly in the...

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Google cleared in Oracle suit on patents

Google won a major victory as jurors sided with the Internet giant in a high-stakes court battle over patents with business software titan Oracle.In a unanimous decision, 10 jurors agreed that Oracle had failed to prove its claims that Google infringed on Java software patents in Android operating software for smartphones...

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SAP to buy Ariba, boosts cloud bet

SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market.SAP is taking aim at Oracle, the world's No. 2 maker of business management software,...

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Morgan Stanley defends Facebook IPO procedures

(Reuters) - Morgan Stanley said its procedures for the Facebook Inc's initial public offering were "in compliance with all applicable regulations.""Morgan Stanley followed the same procedures for the Facebook offering that it follows for all IPOs," spokesman Pen Pendleton said in a statement. "These procedures are in compliance with all applicable...

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Toshiba plans to double operating profit by 2014-15

TOKYO (Reuters) - Japan's Toshiba Corp <6502.T> said on Thursday it aims to more than double its annual operating profit in three years to $5.6 billion, by expanding its social infrastructure business and boosting sales of electronics devices.The electronics conglomerate, whose television sales have been sliding along with those of...

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Facebook sets richest tech flotation in motion

Facebook on Friday makes the richest-ever share offering for a technology firm, raking in billions of dollars it could wield to dethrone Google as king of the Internet.Facebook stock priced at $38 per share was to begin trading under the symbol "FB" on the Nasdaq, giving the world's leading social network a dizzying value of $104 billion at its initial...

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LG launches Cinema 3D Smart TVs for PHL market

Manila, Philippines - LG invited media attendees and its trade partners to witness the official unveiling of the 2012 Cinema 3D Smart TVs at the Makati Shangri-la Hotel. A day of dance and inspiring talks were capped off with a promise from LG's Managing Director, Mr. Sung Woo Nam, to provide premium 3D home entertainment...

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Facebook IPO has halo effect for venture capitalists

SAN FRANCISCO (Reuters) - For the handful of venture capitalists who backed Facebook in its early days, a huge financial payoff is not the only thing they may be celebrating when the company goes public later this week.In a business in which the best investment opportunities flow to a small number of firms with big reputations, the prestige boost...

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