Webwire: Google beats Street in Q2; News Corp dumps BSkyB bid

Dylan Bushell-Embling
telecomasia.net
Google thoroughly surpassed Wall Street expectations with a 36% increase in Q2 profit to $2.5 billion, on the back of 32% higher revenue of $9.2 billion, belying fears the company is losing control of costs.
 
News Corp has abandoned its £7.8 billion (€8.86 billion) bid for full ownership of satellite broadcaster BskyB, after the coalition government pledged to block the deal in the wake of the phone hacking scandal at shuttered tabloid News of The World.
 
O2 has announced a location-based mobile voucher service in the UK, and plans to spend £6 billion ($9.7 million) marketing the service to its customers.
 
PayPal has demonstrated a peer-to-peer NFC payment system developed for phones using the Android OS. The service will launch initially on the Samsung Nexus S.
 
A March cyber attack believed to have been co-ordinated by a foreign government resulted in the theft of some 24,000 files containing Pentagon data, the US agency has disclosed.
SMH 
 
South Africa's MTN has launched a 100-site LTE pilot network, using gear provided by Huawei and Ericsson.
 
Samsung claims a study it commissioned proves there was no link between manufacturing area conditions and six cases of leukemia in former employees, despite a court ruling finding a connection in two of the claims.
 
Streaming music service Spotify has launched in the US, after finally securing deals with the major record labels.
BBC 

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