News

• Foxtel finalises Austar takeover

  Foxtel has completed its $2 billion takeover of regional counterpart Austar and says pricing and billing procedures will not change for customers of either service.

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  HTC announces Titan 4G

  Telstra has announced the release of the first 4G Windows Phone in Australia, the Titan 4G.

• BigAir to acquire Allegro

  Fixed wireless broadband operator BigAir (ASX:BGL) has arranged to acquire Queensland-based WiMAX provider Allegro for up to $10.5 million.

• Apple's Cook 'top-paid US CEO in 2011'

  Apple chief executive, Tim Cook, topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $US300 million ($A305.95 million) above his next rival, a Wall Street Journal survey shows.

• Judge scolds lawyers in Oracle v Google

  The judge presiding over a patent trial pitting Oracle against Google has scolded rival lawyers as deliberating jurors grappled with subtleties of references in computer software code.

• Facebook shares sink below IPO price

  Facebook shares plunged nearly 11 per cent on Monday during the stock's first full day of trade as the enthusiasm from a massive public offering for the social network giant turned to scepticism.

• Yahoo to sell 40% stake in Alibaba

  Struggling internet company Yahoo Inc has agreed to sell half of its 40 per cent stake in Chinese e-commerce group Alibaba for about $US7.1 billion ($A7.24 billion).

• Licence fees, consulting boost TechnologyOne half year results

  Licence fees and consulting services contributed a total of $65.1 million to enterprise software company, TechnologyOne's (ASX: TNE), half year results for the year ended 31 March 2012.

• NextDC completes share purchase plan

  NextDC (ASX:NXT) has netted some $9.93 million following the completion of its 2012 share purchase plan.

• Yahoo! nears deal to sell Alibaba stake

  Yahoo! may finally be nearing a deal to sell a part of its prized stake in the major Chinese e-commerce provider, Alibaba.

• HP poised to cut up to 30,000 jobs

  Hewlett-Packard is reportedly poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.

• Mint Wireless raises $600,000 in placement

  Australian mobile and digital payment company Mint Wireless (ASX:MNW) has raised $600,000 through a placement to institutional investors.

• Rio Tinto flags further automation technology investment

  Rio Tinto (ASX: RIO) has sung the praises of the greater use of automation technology in its Australian mining operations, suggesting that remote controlled trucks, trains and mining equipment will play an increasing role in the mining giant’s business.

• Facebook buys mobile discovery startup

  Mere weeks from a multi-billion-dollar debut on the stock market, Facebook has ramped up its focus on mobile lifestyles with the purchase of "social discovery" start-up Glancee.

• Dimension Data names director of solutions

  ICT services provider Dimension Data Australia has appointed company veteran Neil Campbell as director of solutions for Australia.