Research In Motion Troubled BlackBerry maker Research In Motion is planning a major global restructuring that will include at least 2,000 layoffs worldwide, according to a report. Canada’s Globe and Mail cites “several people close to the company” in reporting the news about the Waterloo, Ontario-based company, which, the Globe and Mail says, has about …
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China to Google: Android must remain open
In giving the thumbs-up to Google’s acquisition of Motorola, regulators in China stipulated that Google must make Android free and open for five years, a source with knowledge of the situation confirmed with CNET today. The stipulation would seem to be designed to keep Google from denying Motorola’s handset competitors access to the mobile operating system, or from giving Motorola …
Read More »PayPal and Softbank team up for ‘PayPal Japan’ venture
Online-payment company PayPal and Japanese telecom and Internet firm Softbank announced this evening a joint venture, PayPal Japan, meant to create “the premier digital wallet for online, mobile, and offline transactions” in the Asian country — one of the world’s largest economies. As a first step, the companies said Japan would be the fifth nation to get PayPal Here, a …
Read More »Motorola CEO sees pay nearly quadruple, to $47 million
Motorola Mobility CEO Sanjay Jha saw his pay for 2011 jump to $47 million, nearly four times the figure for 2010. Citing a regulatory filing, Reuters reported that the rise in Jha’s total compensation package was the result of the successful split of Motorola into two companies last year: Motorola Mobility and Motorola Solutions. Jha’s pay for 2010, including option …
Read More »Sprint was close to buying Metro PCS, says report
Sprint was just hours away from acquiring Metro PCS in an $8 billion deal when Sprint’s board nixed the agreement, CNBC is reporting. Citing unnamed sources, CNBC’s David Faber said the two companies had been working on the plan for months and that a deal was expected to be announced after Sprint’s board met late Wednesday. Metro PCS shareholders would …
Read More »Google to replace Motorola CEO, says report
Google is getting ready to replace with Dennis Woodside, Google’s former head of ad sales in the Americas and overseer of the Google-Motorola merger, according to a report. Woodside would run the Motorola unit of Google once the deal closes, Bloomberg reported, citing several unnamed sources. Woodside was on a short list that included Motorola Senior Vice President Christy Wyatt …
Read More »NEC to cut 10,000 jobs as iPhone continues assault on Japan
Japan’s NEC will cut nearly one in ten of its workers as the iPhone continues to gobble up the market for smartphones. The company said this week that recent poor performance stemmed from the popularity of the Apple iPhone in Japan, an increase in the number of foreign rivals it faces in the IT infrastructure market, and trouble expanding beyond …
Read More »LightSquared network still harms GPS, says draft report
LightSquared’s planned 4G wireless network caused “harmful interference” to the majority of GPS receivers used in recent government testing of the network, according to reports citing a draft version of the test results. LightSquared plans to offer network services like wholesale Internet access to companies such as Best Buy, but concerns about the network knocking out personal or military GPS …
Read More »Judge denies Apple request for U.S. ban on Samsung gadgets
Samsung’s Galaxy Tab 10.1 Photo copyright 2011 by CBS Interactive In the ongoing global patent battle between Apple and Samsung over smartphones and tablets, a U.S. judge has denied Apple a preliminary injunction that would have temporarily prevented Samsung from selling four of its devices in the United States. In a ruling issued late Friday, U.S. District Judge Lucy Koh …
Read More »AT&T to take $4 billion charge to cover possible T
Following FCC chairman Julius Genachowski’s official show of opposition to AT&T’s proposed buyout of T-Mobile, AT&T said last night that it will take a $4 billion accounting charge in the fourth quarter to cover a breakup fee to T-Mobile should the deal fail to gain regulatory approval. AT&T and T-Mobile parent Deutsche Telecom also said they’ve withdrawn their pending approval …
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