Gossips Products Review

TOKYO (Reuters) – Japanese chipmaker Renesas Electronics Corp received on Monday the 150 billion yen ($ 1.53 billion) bailout pledged last year by a government-led fund and major customers to aid the company’s restructuring efforts. Eight of Renesas’ customers, including Toyota Motor Corp, Panasonic Corp and Nissan Motor Co Ltd paid just over 12 billion yen through a third-party share allocation and the government-led fund contributed the rest. Hit by slumping orders and competition from competitors such as Samsung Electronics Co Ltd, Renesas was given a lifeline from the government-led fund last December to counter an earlier bid by U.S. private equity firm KKR & Co LP. (Reporting...

DHAKA (Reuters) – Grameenphone, majority owned by Norway’s Telenor, on Sunday launched Bangladesh’s first mobile 3G (third generation) network, aiming for national coverage by next April. The dominant provider, which has 44 percent of the market and paid $ 210 million for 10 megahertz of 3G spectrum in September, pledged to do its best to make the service available at “affordable” prices. There are some 107 mobile phone users among Bangladesh’s population of over 160 million but it lacks internet services, with barely 36,000 subscribers by either mobile or fixed lines. Grameenphone competes with Orascom Telecom’s Banglalink, Robi, a joint venture between Malaysia’s Axiata Group and Japan’s...

Fake online products reviews have been around for years, fueled by unscrupulous marketers seeking to boost sales. But a recent crackdown by authorities in New York could be the shock needed for the online sector to clean up its act. The New York state attorney general’s office recently ordered 19 companies to halt these practices and pay fines totaling $ 350,000 to settle charges of manipulating online reviews for sites such as Yelp, Google+ and others. The settlement stemmed from an undercover investigation in which officials created a fake yogurt shop in Brooklyn and sought help in marketing from so-called “search engine optimization” firms that work to boost a company’s online presence....

(Reuters) – The board of Sirius XM Radio Inc did not breach its duty to shareholders by allowing a takeover by Liberty Media Corp without demanding it pay a premium for the stock, a Delaware judge ruled on Friday. John Malone’s Liberty Media acquired control of the satellite radio broadcaster in January. The media holding company had loaned Sirius $ 530 million in rescue financing in 2009, and as part of that deal Sirius’ board agreed not to adopt a poison pill or any defense measures against a Liberty takeover after a three-year standstill. The lawsuit by Sirius stockholder City of Miami Police Relief and Pension Fund accused the Sirius board of tying its own hands and abdicating its duty...

By Paola Arosio MILAN (Reuters) – Telecom Italia Executive Chairman Franco Bernabe is considering resigning at a board meeting scheduled for Thursday, a source close to the situation said, as his plans to relaunch the heavily indebted company may not get enough backing. “We are heading towards a resignation,” the source told Reuters on Friday. A second person familiar with the situation said Chief Operating Officer Marco Patuano could take up Bernabe’s powers to ensure management continuity and that its core shareholders would name a new chairman with a broadly representation role. “Core shareholders are not worried because in such a case Patuano is the CEO,” the person said. Telecom...

Peter Uihlein came within one shot of breaking 60 as he produced a superb round in the European Tour Dunhill Links event on Friday. The pro-am tournament which is played across three course including the British Open Championship venues of St Andrews and Carnoustie, saw the United States’ Uihlein post a 60 at nearby Kingsbairns. That left him two shots off the lead held by England’s Tom Lewis. But while Uihlein came agonisingly close to shooting 59, missing a long putt on the par-five ninth, his final hole, he could take some consolation from the performance last year of South Africa’s Branden Grace, who also shot 60 on the same course before going on to win the event “I knew I needed...

Tiger Woods was on Friday named as PGA Tour player of the year, while American Jordan Spieth was named rookie of the year. It is the 11th time that the 37-year-old Woods has won the award, with this latest acknowledgement coming at the end of a season in which he has won five times in 16 Tour starts. Woods, who has still not won a major since the 2008 US Open, won at the WGC-Cadillac Championship and the WGC Bridgestone Invitational as well as at the Players Championship. “It’s been an incredible year to have won five times,” Woods said. “Fantastic year all around. It’s an incredible feeling to be voted by your peers and have that respect. It’s very humbling.” Woods has 79 career Tour...

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Facebook newsfeeds will contain fewer ads for products or services that users are not interested in, Facebook Inc said on Friday, announcing changes in advertising policy. It was the Web company’s latest effort to refine the newsfeed ads that have become more important to its business. “When deciding which ad to show to which groups of people, we are placing more emphasis on feedback we receive from people about ads, including how often people report or hide an ad,” Facebook said. “If someone always hides ads for electronics, we will reduce the number of those types of ads that we show to them,” the company said. Facebook has been trying...

By Andrew Longstreth and Karen Freifeld NEW YORK (Reuters) – Samsung Electronics Co on Friday offered remedies that may settle a European Union probe over whether it breached antitrust rules through its use of patent lawsuits against rival Apple Inc. “Samsung has agreed to propose commitments that will be market tested,” EU Competition Commissioner Joaquin Almunia said in a speech in New York on Friday. “We hope to conclude this case.” The details of the offer were not disclosed, and Samsung could not immediately be reached for comment. South Korean-based Samsung attempted to settle with the European Commission earlier but the antitrust regulator had said it wanted more concessions. ...

The surprise first phone contact Friday between presidents Barack Obama and Hassan Rouhani was not only a dramatic moment in US-Iranian ties, but also in the field of digital diplomacy. Moments before the US leader announced from the White House podium that he had a chat with his opposite number, the Iranian president had sent a tweet that could live in history. “In a phone conversation b/w #Iranian & #US Presidents just now: @HassanRouhani: ‘Have a Nice Day!’ @BarackObama: ‘Thank you. Khodahafez,’” it read. Rouhani’s account appeared on Twitter after his election this year and his English-language messages have become a symbol of Tehran’s diplomatic outreach. There has been some...

Microsoft said Friday it received more than 37,000 government requests for information in the first half of 2013 — excluding any national security requests. In only its second report on the matter, the US tech giant’s figures appeared to be on pace with 2012, when it got 75,378 requests. “The report details the number of requests for data we received from law enforcement agencies around the world, and how Microsoft responds to those requests. It covers requests for data relating to all of Microsoft’s online and cloud services, including Skype,” the company said on its website. “Unfortunately, we are not currently permitted to report detailed information about the type and volume of any...

By Malathi Nayak SAN FRANCISCO (Reuters) – Electronic Arts said it had reached a settlement with former college football athletes who have accused the company of using their images without permission and would not be making a new game for the popular “NCAA Football” series in 2014. The athletes sued the video game publisher and the National Collegiate Athletic Association (NCAA), which has strict rules prohibiting them from sharing in the millions of dollars that schools receive from television and licensing deals. The case against the NCAA is still pending. Electronic Arts’ move follows a decision by the NCAA in mid-July to not renew a contract to license its name and logo for EA’s college...

LOS ANGELES (AP) — Dr. William Masters was not a feminist. Apart from his studies of the human physiology of sex, he was a traditional man in the mid-1950s, the kind who kept his wife at home. But his groundbreaking research with Virginia Johnson made him something of a hero for women: A scientific advocate of female sexuality who proved that women were dynamic sexual creatures, perhaps even more so than men. “Masters of Sex,” which premieres Sunday on Showtime, explores the relationship between Masters (Michael Sheen) and Johnson (Lizzy Caplan) and highlights their pioneering work, which helped fuel the sexual revolution and the women’s movement. “I see him as a feminist hero,” Caplan...

Pakistan’s Internet watchdog has blocked the deeply conservative Muslim country’s first website aimed at gay people, saying it was “against Islam”. The queerpk.com site, set up to help members of Pakistan’s homosexual and transgender community socialise and share experiences, was shut down on Wednesday. A spokesman for the Pakistan Telecommunications Authority said they had halted access to the site after complaints from Internet users. “We blocked the website under the law because its content was against Islam and norms of Pakistani society,” said spokesman Kamran Ali. Homosexuality is illegal in Pakistan. Queerpk.com’s moderator, who asked not to be named, said he would not challenge...

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By Alastair Sharp and Sinead Carew TORONTO/NEW YORK (Reuters) – Shares in BlackBerry Ltd fell more than 6 percent on Wednesday on doubts about a $ 4.7 billion bid to take the smartphone maker private, and after a big U.S. carrier said it would stop stocking BlackBerry smartphones in its stores. In an announcement that highlighted the faded relevance of the company that pioneered on-the-go email, T-Mobile US Inc said it was no longer efficient to keep BlackBerry devices in its stores. T-Mobile, the fourth largest U.S. wireless provider, will still ship BlackBerrys to customers who want them, most of them business users, said David Carey, executive vice president for corporate services....

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T-Mobile and Sprint have long been the bridesmaids to AT&T and Verizon’s bride in the US, as both carriers have struggled to take significant market share away from the top two players. In light of that, there has been speculation and rumors surrounding a combination of Sprint and T-Mobile to create a large enough number three carrier to challenge AT&T and Verizon. Speaking to Reuters this week, T-Mobile chief financial officer Braxton Carter hinted that a merger between the two might not be that bad of an idea. Though Carter did not say whether or not discussions between Sprint and T-Mobile have already happened, he referred to a potential merger as “the logical ultimate...

SEATTLE (Reuters) – Amazon.com Inc unveiled two new high-definition tablets on Tuesday with a unique on-screen helpdesk feature it hopes will give it an advantage over devices from rivals Apple Inc and Google Inc. The new Kindle Fire HDX tablets feature what Amazon has called the ‘Mayday Button’, which instantly brings up a video chat with a tech-support representative who can tell a user how to operate the device or even do it for them remotely. Amazon said the service is free for HDX customers, is available at all times, and is aiming for a 15-second maximum response time. Users can move the video box around the screen as it suits them and they cannot be seen by the Amazon representative....

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NEW YORK/SAN FRANCISCO (Reuters) – Social media network Twitter is leaning toward picking the New York Stock Exchange over Nasdaq for its highly-anticipated initial public offering, a person familiar with the matter said. A report earlier on Tuesday by The Street said Twitter had already chosen the NYSE, but sources close to the exchanges told Reuters that Twitter has not made its decision yet. Big Board parent NYSE Euronext, Nasdaq OMX Group and Twitter had no comment. The competition for what is the most coveted technology listing since Facebook Inc, which chose Nasdaq for its market debut in May last year, is fierce, one of the sources said. Technical glitches and questionable decisions...

TORONTO (Reuters) – Embattled smartphone company BlackBerry Ltd plans to go private in a $ 4.7 billion deal being orchestrated by its largest shareholder. Here are important milestones in the history of the company formerly known as Research In Motion: February 1985 – Mike Lazaridis and Douglas Fregin co-found Research In Motion in Waterloo, Ontario, the Canadian university city where Lazaridis studied. 1989 – RIM develops a network gateway called RIMGate, precursor to its BlackBerry Enterprise Server. 1992 – Jim Balsillie joins RIM as co-CEO, mortgaging his house and investing $ 250,000. 1994 – RIM launches a handheld point-of-sale card reader, which verifies debit and credit transactions...

(Reuters) – Chipmaker Applied Materials Inc and Tokyo Electron Ltd said they will merge in an all-stock deal, creating a $ 29 billion company. Under the terms of the agreement, Tokyo Electron shareholders will receive 3.25 shares of the new company for every Tokyo Electron share held. Applied Materials shareholders will receive 1 share of the new company for every Applied Materials share held. After the close, Applied Materials shareholders will own approximately 68 percent of the new company and Tokyo Electron shareholders approximately 32 percent. The combined company would maintain dual listing on the Nasdaq and Tokyo Stock Exchange, the companies said in a joint statement. (Reporting...

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China’s recent history has been marked by two key features: rampant economic growth and tight governmental control on the spread of information. Now, it seems, both are starting to wane, as economic expansion is slowing down and even the government’s zealous grip on the internet is beginning to loosen. A report from the South China Morning Post today cites sources within the Chinese government who say that the country’s ban on a number of globally popular social and news services will be lifted within the special Shanghai free trade zone. Twitter, Facebook and The New York Times are explicitly named as websites that will be accessible within the area, but the phrasing of the report...

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Breaking Bad fans have seen things get pretty dire as the show has moved towards its closing moments, but those that watch the program on iTunes have something to smile out. Apple is sending out emails to users that paid for both halves of the show’s final season, refunding their second purchase. Breaking Bad‘s fifth and final season was split into two eight-episode halves, each airing a year apart. However, when those episodes were sold through online services like Amazon and iTunes they were made available separately, under the names “Season 5″ and “The Final Season.” Because of the change, users that had purchased season-long bundles for the first eight had to pay a second time for...

By Noel Randewich SAN FRANCISCO (Reuters) – The 34th America’s Cup underway on San Francisco Bay is going on longer than Oracle Team USA backer Larry Ellison expected and is now overlapping with his software company’s massive annual customer conference. America’s Cup sailing is a major passion for Ellison, rivaled only by his focus on expanding what is already the world’s third largest software maker. The next match-ups for Ellison’s team in the America’s Cup, which could easily be the final ones in the regatta, are set for Tuesday at roughly the same time he is scheduled to give a major keynote at Oracle OpenWorld, which kicked off on Sunday at San Francisco’s main convention center....

By Andrea Hopkins and Cameron French TORONTO (Reuters) – As soon as Prem Watsa stepped down from Blackberry’s board in August, speculation that he would launch a bid for the troubled smartphone maker started to swirl. Six weeks later, the man some call Canada’s Warren Buffett has delivered, beginning a rescue project he once said could take four or five years. Just over a year ago, Watsa said BlackBerry was a “Canadian success story,” a good buy and a likely turnaround story even though its market share was tumbling. BlackBerry’s fortunes have only deteriorated since then, with the latest blow coming on Friday, when Blackberry said it would cut more than a third of its workforce as it...

The process of drafting a constitution is usually long, intricate and politically fraught — but with 160 different active constitutions to draw from, it’s also uniquely amenable to data analysis. With that in mind, Google has partnered with the Comparative Constitutions Project to launch a new site called Constitute, devoted to comparing the world’s constitutions. It examines nearly 350 constitutional themes, organized into topics like the duties of a citizen and the role of the executive. The result is a comprehensive view of how countries structure their governments, and a powerful tool for any would-be founders. As one co-founder put it, “If want to see what African constitutions have...

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A new spoon claims to help those suffering from Parkinson’s disease to eat. Affecting the nervous system, Parkinson’s can cause limbs to tremor, making simple tasks like eating laborious. Liftware is an electronic spoon that uses a microchip and sensors to detect the direction and force of a user’s tremor, before motoring the spoon in the opposite direction to cancel out the movement as best it can. The results aren’t perfect, and it’s only suitable for those with a 2-inch-or-less tremor, but it’s a massive improvement over using a regular spoon. The actual spoon part of the device detaches from the handle for washing, and the handle can be charged in a dock. It’s said the battery will...

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By Joseph Menn SAN FRANCISCO (Reuters) – In the latest fallout from Edward Snowden’s intelligence disclosures, a major U.S. computer security company warned thousands of customers on Thursday to stop using software that relies on a weak mathematical formula developed by the National Security Agency. RSA, the security arm of storage company EMC Corp, told current customers in an email that a toolkit for developers had a default random-number generator using the weak formula, and that customers should switch to one of several other formulas in the product. Last week, the New York Times reported that Snowden’s cache of documents from his time working for an NSA contractor showed that the...

WeChat users in China can now quench their thirst in-between chatting online with their buddies using new WeChat vending machines. During a month-long experiment, 300 of these WeChat vending machines (pictured) are popping up in subway stations in parts of Beijing. They allow WeChat users to pay for the bottled drinks entirely within the chat app, making use of the mobile payments integration that popped up in WeChat’s major update last month. There’s a special discount available to WeChat users who pay online for the vending machines’ drinks – they get two cheap drinks wherein a soda bottle costs only RMB 1 ($ 0.16). The usual price in the capital can be anywhere from RMB 3 to 5 ($ 0.50...

By Grace Li HONG KONG (Reuters) – A Hong Kong couple were jailed on Wednesday for torturing, beating and abusing their Indonesian maid, who said they once dressed her in a diaper and tied her to a chair for five days while they went on holiday. Tai Chi-wai, 42, an electric appliance salesman, was jailed for three years and three months and his wife, Catherine Au Yuk-shan, 41, a public hospital assistant, got five-and-a-half years after being found guilty of a total of eight charges, including … ...

France’s Julien Quesne clinched his second European Tour title Sunday when he won the Italian Open by one shot despite starting the final round four shots off the pace. The 33-year-old went through the back nine in 31, picking up birdies at the 10th, 11th and 15th holes. He then chipped in from short of the 17th green and putted from six feet for another birdie on the last to complete a closing 67. That gave him a 12-under-par total and a one-shot win over Ireland’s David Higgins and England’s Steve Webster. “I am very proud of this back nine. My attitude was very good this week and I think this is the key,” said Quesne, whose previous title came at the Andalucia Open in 2012. “To enjoy...

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BERLIN (Reuters) – German chipmaker Infineon expects to beat its profit target by about a fifth this financial year as demand from industrial customers is improving, Boersen-Zeitung reported, citing company finance chief Dominik Asam. “We will most likely earn about 20 percent more profit than previously planned in the 2013 fiscal year (ending September 30),” the newspaper quoted Asam as saying in an interview published on Sunday. “After two years of stagnation, a recovery is on the horizon for the global semiconductor industry,” the CFO told the newspaper. Asam did not provide a profit figure, nor say what the company had been expecting. A spokesman was not immediately available for comment....

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Sweden’s Henrik Stenson fired a one-under par 69 on Saturday to keep a four-stroke lead after the third round of the season-ending $ 8 million US PGA Tour Championship. If Stenson can keep his lead over the final 18 holes at East Lake on Sunday, he will claim the $ 10 million bonus for winning the tour’s playoff title, the FedEx Cup, as well as the tournament’s $ 1.44 million top prize. But with a chance to stretch his lead over the rest of the 30-man field on a rainy day, Stenson stumbled at the finish, making bogeys on three of the final five holes, including a four-foot par putt miss at the 18th, that left him on 11-under 199 after 54 holes. American Dustin Johnson was second on 203...

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BERLIN (Reuters) – Siemens supervisory board chairman Gerhard Cromme will quit the board of publisher Axel Springer to focus on his role at Germany’s biggest engineering company, WirtschaftsWoche magazine reported on Saturday. Cromme plans to leave his role as a member of Axel Springer’s supervisory board on April 16, 2014 when the company holds its annual general meeting, the weekly business news magazine said, without citing a source. A spokeswoman for the German publisher confirmed that the entire board would be up for election that day, but said she had no knowledge that Cromme was planning to leave. Siemens went through a turbulent leadership change in July when former CEO Peter Loescher,...

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BEIJING (Reuters) – Chinese telecommunications equipment maker Huawei plans to create 5,500 jobs in Europe within five years as the company expands its services in the region, state-owned newspaper China Daily said on Saturday. Huawei, the world’s second largest maker of telecoms communication equipment, is to offer information technology solutions to European businesses, Patrick Zhang, president of marketing and solutions at Huawei Enterprise Business Group, told the newspaper. This business is expected to generate turnover of $ 1 billion in the next three to five years, he added. The company is launching its expansion despite the European Commission’s allegations of anti-competitive...

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