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Aug 4, 2011

LinkedIn expects strong 2011 after doubling sales

NEW YORK/LOS ANGELES (Reuters) – LinkedIn Corp is banking on faster-than-expected revenue growth in 2011, as the professional networking site sets off to prove it can fulfill the promise of its splashy IPO and rich valuation.

LinkedIn — used by professionals seeking jobs or contacts and companies searching for qualified applicants to fill slots — was the first prominent U.S. social networking site to make its public debut. Shares of the company more than doubled its initial public offering price on its first day of trading on the New York Stock Exchange in May, whetting the appetite of investors for a Facebook IPO.

Aug 4, 2011

Google cries foul on Apple, Microsoft mobile gang-up

LOS ANGELES (Reuters) – Google Inc, fresh from losing a bid to buy thousands of patents from bankrupt Nortel, lashed out at its biggest rivals on Wednesday and accused them of banding together to block the Internet giant in the red-hot smartphone arena.

In a rare public outburst, Google Chief Legal Officer David Drummond blasted Microsoft, Apple, Oracle and “other companies” for colluding to hamper the increasingly popular Android mobile software by buying up patents, effectively imposing a “tax” on Android cellphones.

Aug 1, 2011
via MediaFile

Apple’s store of the future, just across the street from Store No. 1

By Mary Slosson

To the legions of Apple fans, any new store from the consumer electronics giant is cause for celebration. But the company’s latest, in Glendale California, is special for two reasons: it’s being touted as Apple Store 2.0, a model for others to come … and it happens to be just across the street from the very first outlet to carry the corporate logo.

Already inviting comparisons to Starbucks — notorious for opening outlets within a stone’s throw of each other — the latest addition the now-331-strong network drew hundreds of devotees to the Americana at Brand mall just north of downtown Los Angeles on Saturday. 

Jul 26, 2011

Baidu sees strong third quarter on China ads

LOS ANGELES/SHANGHAI (Reuters) – China’s top search engine Baidu Inc forecast revenue well ahead of Wall Street’s expectations as large advertisers increased spending, sending its shares up around 7 percent.

Baidu, which has increased its focus on online video and e-commerce, has steadily grown its search market share since Google Inc curtailed its operations after a fallout with Beijing over censorship.

Jul 26, 2011

Baidu sees strong Q3 on China ads; shares jump

LOS ANGELES/SHANGHAI, July 26 (Reuters) – China’s top search
engine Baidu Inc forecast revenue well ahead of Wall
Street’s expectations as large advertisers increased spending,
sending its shares up around 7 percent.

Baidu, which has increased its focus on online video and
e-commerce, has steadily grown its search market share since
Google Inc curtailed its operations after a fallout
with Beijing over censorship.

Jul 15, 2011

Investors toast Google results, shares surge

BANGALORE/LOS ANGELES, July 15 (Reuters) – Shares of Google
Inc (GOOG.O: Quote, Profile, Research, Stock Buzz) surged as much as 13.5 percent on Friday, a day
after blockbuster results and signs of success in mobile and
social networking revived hopes the Internet titan was getting
back on a growth track.

Its shares shot up to $600.25, climbing back to pre-2011
levels on the Nasdaq. If the gain stands by the end of Friday,
it would mark the biggest single-day gain for Google shares
since October 2008.

Jul 1, 2011
via MediaFile

Bob Rubin: Wall Street? America needs Sesame Street

Former Treasury Secretary Robert Rubin was so worried about the current state of political discourse that he went to a billionaire buddy to try to get him to bankroll a TV show, but the deep-pocketed friend turned him down.

Rubin told conference-goers at the Aspen Ideas Festival that both he and former deputy secretary of state Strobe Talbott had approached a friend Rubin declined to name. Their idea, which he told Reuters after the event was never developed, was to appeal to the public the same way “Sesame Street” appealed to youngsters.

Jun 16, 2011

“Green Lantern” emerges from obscurity; critics pounce

LOS ANGELES (Reuters) – The universe has probably never been safer if the proliferation of comic book superheroes on the big screen is any indication.

Marvel adventures “Thor” and “X-Men: First Class” have sold nearly $800 million worth of tickets combined at the worldwide box office in recent weeks, and “Captain America” is getting ready for a July 22 release across North America.

Jun 2, 2011
via MediaFile

Groupon’s Andrew Mason demonstrates how to stonewall

By Sarah McBride in Palos Verdes

Once he got entrepreneurial, Groupon founder and CEO Andrew Mason had to change his stance on copycatting. What he once considered plagiarism – after a few years in the wild and woolly world of business – he now considers fair game. Sorta.

“They call it competition,” he told conference-goers at All Things Digital in Rancho Palos Verdes.

Jun 1, 2011

Google reveals Gmail hacking, likely from China

SAN FRANCISCO/LOS ANGELES, June 1 (Reuters) – Google Inc
(GOOG.O: Quote, Profile, Research, Stock Buzz) said on Wednesday that unknown hackers likely
originating from central China tried to hack into the Gmail
accounts of hundreds of users, including senior U.S. government
officials, Chinese activists and journalists.

The world’s largest Internet company said on its official
blog that the hackers, who appeared to originate from Jinan,
China, recently tried to crack and monitor email accounts by
stealing passwords, but Google detected and “disrupted” the
campaign.

    • About Edwin

      "Based in Los Angeles, I oversee company news coverage of much of the U.S. West Coast, including such corporations as Apple, Google and Microsoft. Previously, I was bureau chief for Hong Kong and Shanghai and oversaw coverage for all corporations in China and Hong Kong."
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