Alca-Lu to cut 5k jobs after Q2 loss
Alcatel-Lucent has revealed plans to cut 5,000 jobs after falling to a quarterly loss of €254 million ($312 million), sending its stock price falling 6.1%.
Samsung posts $5.9b Q2 profit on handset sales
Samsung has reported a record 6.72 trillion won ($5.86 billion) profit for the second quarter, thanks to strong handset sales. The company's mobile business now accounts for around 60% of total earnings.
China arrests 10k in cybercrime crackdown
Chinese authorities have arrested over 10,000 people suspected of cybercrime, in a crackdown on pornography, fraudulent messages and the illegal sale of personal information.
Google Fiber to launch in Autumn
Google has revealed it will launch 1Gbps symmetrical Google Fiber services in Kansas City in the US this Autumn, offering unlimited internet access for $70 a month, or $120 when bundled with cable TV.
Zuckerberg dismisses Facebook phone rumors
Facebook CEO Mark Zuckerberg has dismissed rumors that the company is planning to develop its own smartphone, stating that the move “really wouldn’t make much sense.”
Apple wins stay on UK “Samsung didn't copy” order
Apple has won a stay on the UK court order to publicly recant its insistence that Samsung copied the design of the iPad with the Galaxy Tab until at least October, when the company will appeal the ruling.
Twitter blames outage on DC failures
Twitter has blamed a “double whammy” of data center failures for a recent two-hour service disruption – its second major outage in a month.
Vodafone/TelstraClear deal may get OK in Sept
New Zealand's Commerce Commission has set a tentative September 7 date for its decision on whether to approve Vodafone NZ's proposal to acquire rival TelstraClear for NZ$840 million ($673.8 million).