Yahoo pulling out of South Korea
Yahoo is shutting down its South Korean business and pulling out of the market, blaming intense competition from homegrown rivals. The company will use the money saved from the withdrawal to set up a new joint venture with Yahoo Japan and Kakao Talk Japan.
Windows 8 wait hurts Microsoft
Microsoft’s profit fell $1.27 billion (€975 million) year-on-year to $4.47 billion in its fiscal 1Q13, which covers the period to end-September. Revenue fell 22%, which the firm attributes to PC manufacturers holding off for its latest Windows 8 operating system.
Sony announces job cuts at mobile unit, HQ
Sony has revealed some details of its plan to cut 10,000 jobs worldwide, including the layoff of around 1,000 employees at Sony Mobile – known as Sony Ericsson before the buyout by Sony – and of around 2,000 positions from its global headquarters in Japan.
Eircom failed to issue profit or loss information as earnings fell €104 million to €542 million in the year to end-June. Sales fell 10% year-on-year, and EBITDA 16%.
Facebook initially clear in IPO probe
Initial results of an SEC probe into Facebook’s flotation found no evidence of wrongdoing by the social network ahead of the sale in May.
Java is being removed from Apple’s Mac computers when users upgrade the operating system. While no reason has been given for the move by Apple, it comes after a security scare regarding the “write once; run anywhere” computing language.
Nigerian operators face antitrust probe
Nigerian mobile operators Airtel Nigeria, Globalcom and MTN Nigeria are facing a probe into alleged anti-competitive conduct, following the filing of a complaint by a consumer advocacy group to the Nigerian Communications Commission.
Brazilian newspapers have banned Google News from aggregating their content, amid claims the search giant fails to pay them and is causing a drop in traffic to their home pages.
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