Webwire: HP dumps PC spinoff plan; Baidu Q3 profit grows 80%

Staff writer
28 Oct 2011
00:00
News
Daily News

HP won't spin off PC business

HP is no longer considering spinning off its PC business, after deciding the unpopular move would not be in shareholders' interests in any event.

Los Angeles Times

Baidu beats estimates with Q3 profit

China's Baidu beat analysts' estimates with an 80% increase in Q3 profit to 1.88 billion yuan, due to strong search advertising gains.

Bloomberg

RIM sued for BlackBerry outage

BlackBerry maker RIM is being sued by consumers in the US and Canada over a recent service outage that covered four continents at its peak.

BBC

Aust Apple-Samsung court hearing expedited

An Australian court has accepted Samsung's request to have the court hearing for its appeal against the injunction on Galaxy Tab 10.1 sales in the market – won by Apple earlier this month – expedited. Samsung hopes to have the ban overturned before the Christmas sales period.

Reuters

Iraq to decide on fourth mobile license next month

Iraq's cabinet is likely to decide in November whether to auction off a fourth mobile license, according to communications minister Mohammed Alawi.

Al Arabiya News

Samsung Q3 profit falls 23%

Samsung has reported a 23% slump in Q3 profit as record mobile phone revenue failed to make up for weakness in its display unit.

AFP

PCCW sets milestone date for telecom spinoff

PCCW has given potential investors wanting to buy preferential units in its planned telecom business trust until November 8 to fulfill the prerequisite of becoming shareholders in the parent.

Wall Street Journal

Google Offers to aggregate deals

Google will revamp its Google Offers business, using the daily deals site to aggregate offerings from at least 15 other sites.

Reuters

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