Dell, Baidu team up for tablets and mobiles
SHANGHAI (Reuters) - Dell Inc is partnering China's top search engine Baidu Inc to develop tablet computers and mobile phones, targeting the Chinese market now dominated by Apple Inc and Lenovo <0992.HK> devices. China is one of the fastest growing markets for tablets and is home to more than 900 million mobile phone subscribers. Analysts said the tie-up could be Dell's way to revive its flagging tablet business.
Apple to open first Hong Kong store this quarter
SHANGHAI (Reuters) - Apple Inc said on Tuesday it will open its first Hong Kong retail store this quarter and is targeting another Shanghai store opening by the end of the year. Apple, which has four stores on mainland China, will open its Hong Kong store in the International Finance Center this quarter, said Carolyn Wu, a Beijing-based Apple spokeswoman.
German court bans sales of Samsung's new 7.7-inch tablet
SEOUL (Reuters) - Samsung Electronics Co <005930.KS> has stopped promoting its new tablet computer at Europe's biggest consumer electronics fair after a court-ordered sales injunction in Germany, the latest setback in its global patent battle with Apple Inc . A Dusseldorf court ordered the South Korean company to stop selling Galaxy Tab 7.7 on Friday when the annual IFA electronics show started in Berlin. The move follows an earlier ban on German sales of Samsung's Galaxy Tab 10.1 by the court in late August until its final ruling on September 9.
D.Telekom could miss fee if AT&T deal fails: source
FRANKFURT (Reuters) - Deutsche Telekom AG could miss out on a multi-billion dollar break fee if regulatory hurdles cause the failure of its $39 billion deal to sell T-Mobile USA to AT&T , a person familiar with the matter said. "There are a number of options under which the (break fee) contract will not come into effect," the person, who is familiar with the contract, told Reuters on Monday.
Tech IPOs could lead the way post-Labor Day
NEW YORK (Reuters) - It's been a rough summer for U.S. initial public offerings after the stock market nosedived, but tech issues could see strong demand after bankers and fund managers return from vacation in September. The growth promised by tech companies is dramatic and such growth is hard to come by as fears about a European debt crisis and a faltering U.S. recovery persist.
Toshiba in talks to hike Westinghouse stake: report
TOKYO (Reuters) - Japan's Toshiba Corp <6502.T> is in discussions to buy out U.S.-based Shaw Group's 20 percent stake in nuclear power plant company Westinghouse Electric Co, the Wall Street Journal reported, in a deal that would erase all American ownership of the 125-year-old Westinghouse. Shares of Toshiba fell 5.8 percent to 2- year lows on Tuesday on concerns the chipmaker would be saddled with costs of buying additional shares it agreed in principal to acquire five years ago, before Japan's worst nuclear disaster put a chill on global demand for new reactors.