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eBay profit rises as shoppers turn to smartphones

SAN FRANCISCO — Online auction and financial transactions powerhouse eBay said Wednesday that profit in the recently ended quarter climbed as commerce shifts to smartphones and tablet computers. The Silicon Valley company reported that its net income in the quarter ending September 30 rose to $490.5 million as revenue leapt…

Samsung chief stresses ‘fair’ competition with Apple

Samsung Electronics will maintain its components partnership with US rival Apple, a top executive of the South Korean firm said Wednesday, despite their heated legal battles over patents. Samsung’s chief operating officer Lee Jae-Yong said he met Apple’s chief Tim Cook during a memorial service for Apple co-founderSteve Jobs, who died on October 5 after a…

Samsung, Google unveil ‘Ice Cream Sandwich’ phone

South Korea’s Samsung Electronics on Wednesday unveiled its newsmartphone that runs on Google’s latest Android operating system, the latest weapon in its battle to topple Apple’s iPhone. The launch of the “Galaxy Nexus”, which comes days a after the new iPhone 4S went on sale, was initially scheduled for October 11 but was delayed following the…

USA Network taps Yap.TV for viewer chats

Cable television’s USA Network said it has enlisted Internet startup Yap.TV to tap into the hot trend of people “chatting” online while viewing shows. Yap-powered applications will let people take polls, dish about actors and more in online forums with friends watching programs at other venues. “Yap.TV gives our fans…

Moody’s lowers Sony rating outlook

Ratings agency Moody’s Tuesday lowered the outlook for Sony’s A3 long-term debt rating to “negative” as the global electronics giant faces weakening demand for LCD televisions. Moody’s said the downgrade from stable was because the firm “faces significant cyclical headwinds” and “structural challenges in some of its core businesses”. “Moody’s believes that…

Actress sues Amazon for revealing age on film database

LOS ANGELES — A US actress has lodged a $1 million lawsuit against Amazon accusing the Internet giant of revealing her age on the film industry website IMDB by using personal details from her credit card. The actress, who asked for her identity to be masked and is referred to…

Philips TV deal at risk, plans 4,500 job cuts

(Reuters) - Philips Electronics has all but abandoned hope of selling its TV business by the end of the year, leaving a question mark over how quickly it can divest its loss-making problem child. “The global TV market has deteriorated, and obviously the sooner we complete this the better, but we first…

Kodak strikes patent licensing deal with IMAX

Struggling US photo giant Eastman Kodak has announced it has reached a deal to license some of its patents related to its laser projection technology to Canada’s big screen specialist IMAX Corporation. Kodak did not reveal the financial details of the deal announced Sunday, but The Wall Street Journal reported that IMAX would pay “tens of…

Silicon Valley elite honor Steve Jobs

Silicon Valley nobility arrived at Stanford University on Sunday to pay tribute to revered Apple co-founder Steve Jobs. Security teams from Apple and Stanford along with local police officers cordoned off the main quad on campus, only letting pass those with invitations to the private event. Somberly attired men and…

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