Webwire: Apple to pay dividend; China extends Google-Moto probe
March 20, 2012
Apple plans to splash some of its $98 billion cash pile on stock buybacks, and paying its first dividend to shareholders since 1995.
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.
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.
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.
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.
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.
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.
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.
New operator-centric API alliance is reminiscent of the GSMA's now defunct WAC