Webwire: Baidu profit jumps 95%; Raja slams CBI in 2G case

Staff writer
26 Jul 2011
00:00

Baidu beats estimates with 95% profit growth

Chinese search engine Baidu surpassed analysts' estimates with a 95% surge in second-quarter profit to 1.63 billion yuan ($252.6 million), on the back of strong advertising revenue gains.

Bloomberg

Raja accuses CBI of dishonesty in India 2G case

Deposed Indian telecom minister A Raja has lashed out at investigating agency CBI in a court hearing over his alleged role in the 2G spectrum scandal, accusing the agency of dishonesty and pursuing a prosecution even though the probe into his conduct is incomplete.

Economic Times

KDDI posts flat June quarter profit

KDDI has reported a flat year-over-year profit for the June quarter, with cost reductions offsetting a decline in mobile ARPU.

Dow Jones Newswires

French net predecessor to be shut down

France's text only internet-like service Minitel will be shut down in mid-2012, after 30 years in operation, with operator France Telecom calling the infrastructure the service runs on obsolete.

Wall Street Journal

Hungarian incumbents plan NFC initiative

Hungary's three main mobile operators, Magyar Telekom, Telenor and Vodafone, have teamed up to develop NFC services. Trials with Master Card, OTP Bank and loyalty card service SuperShop will be conducted this year.

Budapest Business Journal

US cyber security agency head quits

The head of US cyber security agency the US Computer Emergency Readiness Team has quit suddenly, in the wake of the recent high-profile attacks on government systems. The reason for the resignation was not disclosed.

Reuters

Qualcomm buys gesture recognition assets

Chipmaker Qualcomm has bought assets from gesture-recognition company GestureTek, and will now add the technology to future versions of smartphone processor Snapdragon.

All Things Digital

Facebook iPad app code discovered

Facebook is likely on the verge of releasing a long-awaited iPad app - full-featured code for it was recently discovered within the code for the iPhone version.

TechCrunch

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