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Alibaba Group Holding Ltd could have sold nearly $2 billion worth of stock without lifting a finger. All it had to do was list its shares on Nasdaq. The other said Nasdaq executives believed that Alibaba decided that the possibility of a botched IPO, however small, outweighed the possible benefits of being in the index.
Alibaba Group Holding Ltd plans to increase the size of its U.S. The Chinese e-commerce company launched the IPO last week and had enough investor demand to cover the entire deal within two days, people familiar with the process said last week. Alibaba could set a new record for the world's biggest IPO if underwriters exercise an option to sell additional shares to meet demand, pushing it as high as $24.3 billion and overtaking Agricultural Bank of China Ltd's $22.1 billion listing in 2010. Alibaba will likely file an amendment to its IPO later on Monday with a higher price range after discussing the new price with large U.S.
Netflix launched its video streaming service in France on Monday and teamed up with Bouygues to offer its content on France's third-largest telecom operator's set-top boxes. California-based Netflix said in a statement its subscriptions would start at 7.99 euros ($10.35) a month and give access to films, series and documentaries on television, computers but also tablets, smartphones and game consoles. Bouygues Telecom said in a separate statement that it would feature access to Netflix services on its clients' televisions starting in November. Vivendi-owned pay-TV operator Canal Plus has already launched its own streaming video services to blunt Netflix's arrival.
NEW DELHI/MUMBAI (Reuters) - Google Inc will launch in India on Monday the first smartphones under its Android One project, pricing them at around 6,399 rupees ($105) to capture the low-cost segment of the world's fastest growing smartphone market. After launching in India, Google said it plans to expand Android One to Indonesia, Philippines and other South Asian countries by the end of 2014 and in more countries in 2015. Google outlined the pricing and expansion details in a marketing document seen by Reuters. India is seen as a lucrative market for low-cost smartphones because many people are buying the devices for the first time.
(Reuters) - Writers published by Hachette Book Group and their allies are planning to appeal directly to the board of Amazon.com Inc to find a way out of the impasse over e-book prices, the New York Times reported. The writers have been at the receiving end of a dispute, which has seen Amazon delay deliveries and cut discounts on some books published by Hachette, the fourth-largest U.S. Authors United, a group of Hachette writers and their allies, is warning the Amazon's board that the reputation of the retailer, and of the directors themselves, is at risk, the report said. The letter follows an ad in The New York Times last month that asked readers to email Amazon's CEO Jeff Bezos and ask him to relent.
Mobile banking firm Monitise posts bigger loss Mon, 15 Sep 2014 04:56:25 -0400 By Noor Zainab Hussain Sep 15 (Reuters) - Monitise Plc , a mobile banking technology company, said full-year group EBITDA loss widened 63 percent due to investment in product and sales particularly in the second half of the year. The company, which provides payment solutions to 350 financial institutions, said loss before interest, taxes, depreciation, and amortization widened to 31.4 million pounds ($51 million) for the year ended June 30. Monitise had in July lowered its revenue growth estimate to a range of 31-33 percent from 50 percent, citing a shift in its revenue model. The company reiterated its outlook for revenue growth of at least 25 percent in 2015 and that it would be EBITDA profitable in 2016.
Google has unveiled the first smartphones to run on its Android One platform, a standard designed to help push affordable smartphones in the developing world. The initiative kicks off in India, where Micromax, Spice, and Karbonn are all selling phones said to have 4.5-inch screens, 1GB of RAM, 5-megapixel main and 2-megapixel front cameras, 1.3GHz quad-core processors, dual-SIM slots, microSD expandable storage, and FM radios. Android One devices will ship with support for more languages, including Hindi, and feature more local publications in Google Play Newsstand. Google is also making a special version of YouTube available which will allow users to download videos and re-watch them multiple times without incurring excessive data charges.
Gamers use police hoax to lash out at opponents Mon, 15 Sep 2014 01:27:08 -0400 DENVER (AP) — The calls to 911 raised an instant alarm: One caller said he shot his co-workers at a Colorado video game company and had hostages. Another in Florida said her father was drunk, wielding a machine gun and threatening their family.
CrashPlan review Mon, 15 Sep 2014 01:06:26 -0400 Backup your data to local drives or other computers automatically
CDBurnerXP review Mon, 15 Sep 2014 00:57:29 -0400 Create ISO files, burn DVDs, and rip your favorite songs from audio CDs
Clip2Net review Mon, 15 Sep 2014 00:51:53 -0400 Upload your screenshots and files to free Web hosting service
Box Sync review Mon, 15 Sep 2014 00:45:00 -0400 Keeps all your files safe and secure in the cloud with Box's desktop sync application
Samsung accuses LG execs of damaging its products Sun, 14 Sep 2014 23:18:19 -0400 SEOUL, South Korea (AP) — Samsung Electronics Co. has accused senior executives from rival LG Electronics Inc. of vandalizing its washing machines at stores in Germany earlier this month and has asked for an official investigation.
Awkward stares, random coughs, nervous laughing and scary Wookiee roars dominate the Throne Room awards ceremony when the soaring music soundtrack by John Williams is removed from "Star Wars.">
UK-based Phones 4u seeks administrator after EE contract loss Sun, 14 Sep 2014 19:12:48 -0400 (Reuters) - UK mobile phone retailer Phones 4u said it is seeking the appointment of administrators from PricewaterhouseCoopers after its key partner EE notified the company that it would not be renewing its network agreement. The contract, which ends in September next year with the UK's biggest mobile operator EE - which comprises T-Mobile and Orange, was crucial to the business for Phones 4u after it lost a similar contract with Vodafone Group Plc earlier this month. The company, majority-owned by private equity firm BC Partners, said the unexpected decisions by both Vodafone and EE "have come as a complete shock to the business." The decision has led Phones 4u to shut all of its 550 stores that employ about 5,600 workers, until a decision by the administrators is made on whether the business can be reopened for trading, the company said. "Today is a very sad day for our customers and our staff. If the mobile network operators decline to supply us, we do not have a business," Chief Executive David Kassler said in a statement.
Snuffleupagus plays a bantha, the mythical horned mount of Tatooine. Only-One Cannoli is a wise, weathered Jedi who mentors a young Luke Piewalker. Princess Parfaita's hair buns are made of two Oreos. That's about all you need to know to appreciate Star S'mores, Sesame Street's send-up of the George Lucas classic.
By Gerry Shih and Matthew Miller BEIJING (Reuters) - Inside Alibaba, where co-founders are revered like rock stars, relatively few employees know about the soft-spoken executive who for years kept his same cramped office, unfashionable clothes and the self-effacing demeanor of a metalworker's son. Alongside Ma, who holds the lion's share of those domestic firms, Xie wields full legal sway over the onshore entities and the critical contracts that link them with the New York-listed vehicle. Yet much remains unknown about Xie, and the unusual shareholding arrangement has puzzled even high-level insiders. Some employees, said a former executive who worked closely with Xie, jokingly refer to the unassuming 45-year-old as shoufu - or "top millionaire" - even though he is not among the very top Alibaba shareholders.
Leaked documents revealed earlier this week that Microsoft is planning to kill off the Windows Phone brand this holiday season in favour of just Windows. Now a new handset from My Go appears to be one of the first to use the Windows logo instead of Windows Phone. Images available on My Go's own website show a variety of Windows logos, and the Windows logo placement on the rear of the upcoming GoFone GF47W device. My Go's plans to brand its devices as Windows follows a similar move by HTC with its One M8 for Windows instead of Windows Phone for the device name, but HTC still opted to include a Windows Phone logo at the rear of the handset.
For this season of Doctor Who, Ross Miller and Kwame Opam will be sounding off on each episode in a series of emails we'll be publishing on the site. The episode begins with the Doctor left alone in his thoughts — seemingly more of a trend this season than others. Instead of keeping Clara cooped up in the TARDIS, the Doctor seems to only pick up his companion when needed, which means we get to see a Clara grounded in reality, constantly revisiting a messy date with Danny Pink — née Rupert, which we know because the Doctor and Clara visit a young Rupert trying to solve the mystery of the boogeyman, with both of them nudging along his new "Dan the Soldier Man" name and identity. Yes, the Pink coincidence is a bit much — the one where his great-great-grandson (presumably) is the last man alive at the end of time — but the episode takes its time to provide enough justification and tie up whatever loose ends.
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