Webwire: Apple to pay dividend; China extends Google-Moto probe

Staff writer
20/03/2012
News
Daily News

Apple splashes the cash

Apple plans to splash some of its $98 billion cash pile on stock buybacks, and paying its first dividend to shareholders since 1995.

Bloomberg

Google-Moto deal still held up in China

Chinese competition authorities are holding out on approval of Google’s $12.5 billion acquisition of Motorola, initiating a second round of probes into the deal.

Chicago Tribune

Foxconn conditions still under scrutiny

Chinese consumer electronics manufacturer Foxconn – an Apple supplier - remains under scrutiny over working conditions despite a US radio show backtracking on claims of worker abuse, local labor groups claim.

Reuters

NetZero offering free 4G plans in the US

US ISP NetZero is offering a free 4G service using Sprint Nextel's Wimax network. The service will be capped at 200MB per month and only available for a year, in a bid to convince users to upgrade to paid data plans.

The Register

India broadband connections reach 13m

India's broadband subscriber base grew to 13.3 million by the end of 2011. The government has set a target of having 175 million broadband connections by 2017.

Economic Times

Court backs Kim Dotcom

A New Zealand court states a court order allowing assets of Megaupload founder Kim Dotcom to be seized is null and void, after local police admitted to errors in the seizure documents.

The Telegraph

Verizon CEO paid $23.1m in 2011

Verizon CEO Lowell McAdam earned a $23.1 million pay package last year, including a base salary of $1.4 million, the company has disclosed.

Wall Street Journal

Samsung aims to lower dependence on Qualcomm

Samsung plans to use its own single-chip technology in the Galaxy S III, as it attempts to reduce its dependence on Qualcomm chips for its smartphones.

Korea Times

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