Webwire: Vodacom 1H profit grows 6%; LGE sets 2012 capex

Staff writer
08 Nov 2011
00:00
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Daily News

Vodacom 1H profit grows 6.4%

South Africa's Vodacom missed estimates with a 6.4% increase in 1H profit, as the company lifted spending on network investment to avoid future network outages.

BusinessWeek

LGE allocates half capex budget to smartphones

LG Electronics will spend more than half of its 2012 capex budget of 1.15 trillion won ($1.03 billion) on improving the performance of its smartphone business.

Dow Jones

Barnes & Noble unveils Nook Tablet

US bookstore chain Barnes & Noble has unveiled the tablet version of its Nook e-reader range. The Nook Tablet will go head to head in the market with Amazon's Kindle Fire, and aims to differentiate with the inclusion of HD video streaming.

USA Today

Motorola wins token Apple ban in Germany

Motorola Mobility, which is pursuing a patent infringement case against Apple, has won an injunction on the latter selling some devices in Germany. But because Apple distributes its products there through a local subsidiary, the ruling should not impact its sales in the nation.

Reuters

HP said to ponder webOS sale

HP is considering selling off its webOS software platform for hundreds of millions of dollars, with several buyers including Oracle expressing an interest, four sources claim.

Reuters

AT&T to access more Sprint data in T-Mo case

AT&T has won a court order requiring Sprint Nextel to provide it with internal documents relating to Sprint's court challenge against AT&T's planned $39 billion acquisition of T-Mobile USA.

Bloomberg

Best Buy UK stores shuttered

UK mobile phone retailer Carphone Warehouse is selling its stake in a US mobile phone joint venture with Best Buy, and the pair are shutting all 11 Best Buy stores in the UK after the outlets failed to turn a profit in two years.

BBC News

YouTube to launch S Korean pop channel

Google will establish a channel on YouTube dedicated to streaming South Korean pop music, company chairman Eric Schmidt told the nation's president, Lee Myung Bak.

News24

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