Sep. 24, 2010 at 2:05 p.m.
Filed under:
Telecommunications,
Wireless
By Wailin Wong
Motorola Inc. is seeking a reverse split of its common stock, hoping to boost the price of its shares before it splits into two publicly traded companies early next year.
In a reverse stock split, investors receive fewer shares for their current holdings. Fewer outstanding shares usually increase the stock price, although there’s no guarantee the price will return to its previous level after the split. Motorola’s shares have traded below $10 apiece for the last two years. In afternoon trade, the company’s stock was up 3.8 percent at $8.70. Get the full story »
By CNN
Abbott Laboratories created a Web site for parents and caregivers to check whether their baby formula was affected by Wednesday’s Similac recall.
But families swamped the site and phone hot line Thursday, only to meet a dead end. The overwhelming surge of traffic resulted in busy lines and site problems, leaving parents frustrated by the company’s lack of response. Get the full story »
Sep. 21, 2010 at 8:37 a.m.
Filed under:
Internet,
Philanthropy,
Telecommunications
By Associated Press
If you’ve ever wished celebrities such as actress Demi Moore or skateboarder Tony Hawk would follow you on Twitter, now’s your chance — but you’ll have to cough up some cash for the privilege. Get the full story »
By Reuters
Lowell C. McAdam. (AP Photo/Paul Sakuma)
Verizon Communications said on Monday it named Lowell McAdam its president and chief operating officer, setting the veteran executive up as the successor to Chief Executive Ivan Seidenberg.
McAdam, currently chief executive of Verizon Wireless, a venture of Verizon and Vodafone Group Plc, will take up his new role October 1. Get the full story »
By Reuters
Smartphone maker HTC Corp. unveiled details Wednesday of its push into the increasingly important mobile services sector and introduced two new handsets using Google’s Android operating software.
The launch came a day after Nokia, the world’s biggest cellphone maker, launched three new smartphones at its annual showcase conference in London. Get the full story »
By Reuters
Google Inc.’s Android software will become the world’s second most popular operating system for cell phones this year, leapfrogging offerings from Microsoft Corp., Research in Motion and Apple Inc., according to a new report.
By 2014 Android will account for nearly 30 percent of all cell-phone operating system sales, according to research firm Gartner, putting it in position to challenge Nokia Corp.’s Symbian, the top mobile operating system for years. Get the full story »
Sep. 10, 2010 at 6:54 a.m.
Filed under:
Cell phones,
Telecommunications,
Wireless
By CNN
Nokia’s stock rallied Friday after the Finnish mobile phone maker said it was replacing its chief executive with an executive from Microsoft Corp.
Nokia’s board of directors said it hired Stephen Elop for the position of president and CEO. Currently the head of Microsoft’s business division, Elop is scheduled to begin his new job on Sept. 21. Get the full story »
By Reuters
Apple Inc. is easing restrictions for building iPhone and iPad applications, a move that should allow for the use of third-party tools such as Adobe Systems’ Flash software and could ease the tension between the two companies.
Shares of Adobe surged over 12 percent at mid-afternoon on Nasdaq Thursday, after Apple announced the changes.
Apple’s about-face follows a high-profile spat with Adobe last spring that saw Steve Jobs sharply criticize Flash technology. Get the full story »
By Becky Yerak
AT&T said it has invested nearly $350 million in its wireless network in the first half of 2010 to improve customer service in Illinois.
It’s part of an capital investment of nearly $700 million in AT&T’s wireless and wireline networks in Illinois in the first six months of the year. Get the full story »
By Wailin Wong
Verizon Wireless said Thursday it will offer no-contract data plans for many of its 3G multimedia phones and smartphones, including those from its premier Droid line of devices.
The prepaid data package costs $30 a month for unlimited access. For $10 a month, customers can get a data plan for their multimedia phones, or those that aren’t designed for intense Web browsing as smartphones are. The $10 data plan is capped at 25 megabytes a month.
The prepaid segment has grown rapidly in the last few years, fueled both by recessionary pressures on consumers and newer generations of phone users that dislike being tethered to a two-year contract. Major carriers such as Verizon have traditionally focused on post-paid subscribers, who tend to be a more reliable and lucrative source of revenue. But with increased competition from no-contract carriers such as Cricket Wireless, Boost Mobile and Virgin Mobile, which have smartphones in their line-ups in addition to no-frills handsets, other companies have started to sweeten their prepaid offerings as well. Get the full story »
By Reuters
Google Inc. is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc., according to people familiar with the matter.
Google Vice President of Engineering Andy Rubin has been leading conversations with the labels about what a new Google music service would look like, according to these sources. Get the full story »
Sep. 2, 2010 at 1:19 p.m.
Filed under:
Computers,
Internet,
Telecommunications,
Wireless
By Dow Jones Newswires
Google Inc. and AOL Inc. have agreed to extend their search partnership for five years and expanded their pact into mobile search and online video, two areas expected to grow as the media business transitions to digital communications.
The deal helps Google protect its dominant share of the fast-growing Web search business from smaller competitors, including Microsoft Corp. and IAC/InteractiveCorp. Get the full story »
Sep. 2, 2010 at 11:45 a.m.
Filed under:
Crime,
Fraud,
Internet,
Technology,
Telecommunications
By Wailin Wong
Illinois Attorney General Lisa Madigan said Thursday she is suing a California company for charging consumers for identity protection services that they never requested.
The lawsuit, filed in Sangamon County Circuit Court, claims that ID Lifeguards Inc. of Glendale, Calif., charged $157,562 on the phone bills of 5,071 Illinois consumers between September 2009 and March 2010. Get the full story »
By Reuters
Communications regulators on Wednesday put off a controversial decision on Internet traffic rules, giving industry and consumer groups a chance to forge a compromise while avoiding a politically sensitive issue ahead of the November elections. Get the full story »
Sep. 1, 2010 at 7:45 a.m.
Filed under:
Cell phones,
Stock activity,
Telecommunications
By Wailin Wong
Motorola Inc. plans to spin off its mobile phone and television set-top box businesses with $3.5 billion in cash when the Schaumburg-based company splits in two early next year.
Motorola SpinCo Holdings Corp., the entity created in preparation of the separation, disclosed the capitalization amount in a Tuesday filing with the U.S. Securities and Exchange Commission. Get the full story »
