Webwire: LG to hire 4,000 more staff; Motorola may profit from patents

Staff writer
25 Jul 2011
00:00
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Daily News

LG to hire 4,000 more staff in 2011

LG Group, which has already hired 13,000 employees this year, will add 4,000 more by the end of the year. Around 25% of new employees will be R&D staff tasked with attempting to find a competitive edge against its rivals.

Korea Times

Icahn pushes Motorola to profit from patents

Motorola's biggest shareholder, Carl Icahn, is pressing the company to profit from its extensive patent portfolio, hinting at though not explicitly suggesting a patent sale.

Financial Times

Apple will pay $2.6b of $4.5b Nortel IP bid

Apple will pay $2.6 billion of the $4.5 billion consortium bid for Nortel's patent portfolio, the company disclosed.

GigaOM

Verizon swings to profit, names new CEO

Verizon reported a swing back to a second-quarter profit of $1.6 billion, and revealed that president Lowell McAdam will formally take over from Ivan Seidenberg as CEO on August 1.

Forbes

France Telecom, Free sign FTTH detente

France Telecom has signed an agreement with rival Free that will allow the latter to access the former's rural FTTH infrastructure, in response to orders from regulator Arcep mandating sharing of new FTTH infrastructure.

LightWave Online

Chinese officials probing fake Apple store

Chinese authorities are investigating electronics stores in the city of Kunming after a blogger revealed the existence of an unauthorized Apple store in the city, which copies Apple's own design and layout.

Wall Street Journal

Telefonica, Etisalat enter partnership

Spain's Telefonica and the UAE's Etisalat will co-operate on procurement, technology and R&D, in a deal expected to help cut costs and help Etisalat better compete against local rival du.

The National

Apple said to mull play for Hulu

Apple could bid for video streaming venture Hulu to bolster its online video portfolio and complement its Apple TV service, sources said. But Apple has never made such a large acquisition – the purchase price could exceed $2 billion.

Bloomberg

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