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News Corp. is pushing back the launch of the world’s first iPad-only newspaper.
The company declined to comment on why. But a person familiar with the matter, who spoke on condition of anonymity, said Friday that News Corp. and iPad maker Apple Inc. have decided to delay the launch while they work on the technology involved in providing subscriptions. Get the full story »
Motorola Mobility Holdings Inc., the newly independent cell phone and set-top box business of the former Motorola Inc., appointed Nike Inc. executive Jeanne P. Jackson to its board Thursday. Get the full story »
David Kernell, 23, the former University of Tennessee student convicted of hacking into Sarah Palin’s e-mail account, has begun his term in a dormitory-like, unfenced federal prison, a Bureau of Prisons spokesman said on Thursday. Get the full story »
FeeFighters, a local startup that helps small businesses compare credit-card processors, has raised $1.6 million in a new round of funding. Get the full story »
Carl Icahn in 2007. (Terrence Antonio James/Chicago Tribune)
Activist investor Carl Icahn owns 11.4 percent of the newly formed Motorola Mobility, according to regulatory documents filed with the U.S. Securities and Exchange Commission.
Icahn had been steadily building his stake in the old Motorola Inc. prior to the company’s separation into two independent, publicly traded companies on Jan. 4. Motorola Mobility, which makes mobile phones and TV set-top boxes, was spun off from Motorola. The remaining company, which makes communications equipment for government and business customers, was renamed Motorola Solutions.
According to regulatory filings, Icahn has 33.5 million shares in Motorola Mobility. His stake in the new company is roughly on par with his stake in the old Motorola. Get the full story »
Investors in Verizon Communications Inc. have been betting big on the company’s newly announced deal to sell Apple Inc.’s iPhone product — pushing the stock to some of its highest valuation levels in the past decade.
That has sparked debate on Wall Street about how economically beneficial the device will be to the carrier, despite widespread projections calling for the sale of 10 million units or more this year.
In particular, the iPhone likely will be heavily dilutive to Verizon’s earnings this year, given the subsidies the carrier will have to shell out to Apple for the device. Get the full story »
The Library of Congress has picked Chicago-based digital mapping company Navteq to provide data that will underpin economic and demographic research.
Navteq, which is owned by Finnish company Nokia, said it will provide map data for the Congressional Cartography Program, which supplies geographic research and analysis for lawmakers. The Navteq data encompasses roads, cities, political boundaries, census boundaries, schools, law enforcement agencies and other types of locations. Get the full story »
Verizon Wireless has announced that the iPhone will be available on its network in early February. (Justin Sullivan/Getty Images)
After waiting three-and-a-half years, Verizon Wireless customers will finally get their hands on Apple’s iPhone next month.
The top U.S. wireless operator ended months of speculation and anticipation from impatient consumers on Tuesday by announcing that it would begin selling a version of the iPhone on Feb. 10 at the same prices as AT&T.
“I’m going to switch right away. I’m going to go back to Verizon,” said Raheem Noble, 24, a New York City rapper, who was on his way to buy the device before being told that preorders would not begin until Feb. 3. Get the full story »
From Bloomberg | Libertyville-based Motorola Mobility Holdings and Research In Motion may lose more than 6.5 million in combined phone shipments this year as Verizon Wireless begins to offer Apple’s iPhone, according to JPMorgan Chase & Co.
The Verizon iPhone could lead to a 55 percent drop in Motorola’s earnings per share, Rod Hall, an analyst at JPMorgan in San Francisco, wrote in a research note.
General Motors Co. is looking to apply the technology of its Chevrolet Volt to a wide array of vehicles, potentially including a Cadillac SRX plug-in, Chief Executive Daniel Akerson said Tuesday.
The automaker is developing a hatchback and a crossover that could use the Volt technology, Akerson said during a speech at the Automotive News World Congress. Get the full story »
Mobile broadband subscriptions are on track to surpass 1 billion in 2011 only months after reaching half a billion, Ericsson said on Tuesday, highlighting a key growth driver for the telecom sector.
“During the course of 2010, a significant milestone in terms of mobile broadband subscriptions was reached as their number surpassed the half-a-billion mark globally,” Ericsson, the world’s biggest mobile network gear maker, said in a statement. “Ericsson estimates that this number will double before 2011 ends.” Get the full story »
Groupon CEO Andrew Mason speaking in August 2010 at Groupon's headquarters, 600 W. Chicago Ave. (Brian Cassella/Chicago Tribune)
Daily deal startup Groupon said Monday it has completed a $950 million fund raising round, giving the Chicago-based company fresh capital for expanding globally and providing payouts to some of its employees and earlier investors.
This round of fundraising is Groupon’s largest to date. In late December, the company said it had raised $500 million of the $950 million amount.
The investors in the new round included notable firms such as Andreessen Horowitz and Kleiner Perkins Caufield & Byers. Mail.ru Group, a Russian firm formerly known as DST, also participated after having funded Groupon in earlier rounds. Get the full story »
