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Sprint appoints Marcelo Claure as new CEO

Sprint appoints Marcelo Claure as new CEO

OVERLAND PARK, Kan., Aug. 6 (UPI) --Sprint announced Wednesday it was replacing current CEO Dan Hesse with Marcelo Claure, entrepreneur and founder of mobile phone distributor Brightstar.
Ananth Baliga
Trade deficit narrows as U.S. imports shrink

Trade deficit narrows as U.S. imports shrink

WASHINGTON, Aug. 6 (UPI) --U.S. trade deficit dropped in June as imports declined sharply, possibly boosting second-quarter growth numbers, but also raising concerns about local demand.
Ananth Baliga
Walgreens to buy Alliance Boots, will remain in the U.S.

Walgreens to buy Alliance Boots, will remain in the U.S.

CHICAGO, Aug. 6 (UPI) --Walgreens said it will purchase the rest of British pharmaceutical chain Alliance Boots for $5.27 billion and that it put off plans to move overseas.
Ananth Baliga
Samsung loses out to local phone makers in China, India

Samsung loses out to local phone makers in China, India

SEOUL, Aug. 5 (UPI) --South Korean phone maker Samsung is losing its lead in Asian markets to local players, especially in the fastest growing markets of China and India.
Ananth Baliga
Gannett to spin off USA Today, publishing business

Gannett to spin off USA Today, publishing business

MCLEAN, Va., Aug. 5 (UPI) --Gannett said Tuesday it plans to split its printing business, including USA TODAY, from its TV business.
Ananth Baliga
U.S. home prices rise at slowest rate in 20 months

U.S. home prices rise at slowest rate in 20 months

IRVINE, Calif., Aug. 5 (UPI) --U.S. home prices rose just 1 percent in June, marking the slowest year-over-year rise in 20 months, largely due to more houses on the market and modest sales.
Ananth Baliga
Google alerts police after seeing child porn on user's email

Google alerts police after seeing child porn on user's email

HOUSTON, Aug. 4 (UPI) --Google contacted the National Center for Missing and Exploited Children after finding three pornographic images in a user's email, leading to his arrest.
Ananth Baliga
Austrian student files class action suit against Facebook

Austrian student files class action suit against Facebook

VIENNA, Aug. 1 (UPI) --Austrian law student Max Schrems filed a class action suit against Facebook for violating European privacy laws by sharing user data with the U.S. government.
Ananth Baliga
Auto sales grow 11% in July, Chrysler sales surge 20%

Auto sales grow 11% in July, Chrysler sales surge 20%

DETROIT, Aug. 1 (UPI) --Auto sales in July surged on account of attractive discounts offered by car makers, marking a comeback for the industry dealing with safety-related recalls.
Ananth Baliga
Economy adds 209,000 jobs in July

Economy adds 209,000 jobs in July

WASHINGTON, Aug. 1 (UPI) --The U.S. economy created 209,000 jobs in July, maintaining the steady pace of improvement seen in the labor market for the past few months.
Ananth Baliga
U.S. Judge: Microsoft has to hand over emails stored abroad

U.S. Judge: Microsoft has to hand over emails stored abroad

NEW YORK, July 31 (UPI) --The U.S. District Court in New York ruled Thursday that Microsoft will have to cooperate with a government warrant for user emails on a server in Ireland.
Ananth Baliga
Twitter's transparency report shows increased government requests

Twitter's transparency report shows increased government requests

SAN FRANCISCO, July 31 (UPI) --Twitter's latest transparency report shows that the number of requests for user information, with the most requests coming from the U.S. government.
Ananth Baliga
France's Iliad makes bid for T-Mobile

France's Iliad makes bid for T-Mobile

IRVINE, Calif., July 31 (UPI) --French telecommunications company Iliad has made an offer for T-Mobile, in a move that could disrupt the the latter's ongoing merger with Sprint.
Ananth Baliga
Argentine bonds crash after country defaults

Argentine bonds crash after country defaults

BUENOS AIRES, July 31 (UPI) --Argentina slipped into its second default in 13 years after officials and bondholders could not come to an agreement on how to service the country's debt.
Ananth Baliga
Apple-Beats deal to result in 200 layoffs

Apple-Beats deal to result in 200 layoffs

CUPERTINO, Calif., July 31 (UPI) --Apple said Thursday it will let go of 200 redundant Beats positions, as the two companies near the completion of their $3 billion deal.
Ananth Baliga
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