(Reuters) - An Indian court will issue on Thursday its verdict on Nokia's appeal against the seizure by tax authorities of its local factory after a tax dispute, lawyers for the company and the tax department said on Wednesday. The Chennai factory is one of Nokia's biggest phone-making plants. Nokia has been trying to end the dispute ahead of the sale of its mobile phone business to Microsoft in a 5.4 billion euros ($7.4 billion) deal. Writing by Sumeet Chatterjee;
By Gerry Shih SAN FRANCISCO (Reuters) - Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante. Shares of Twitter were up 6 percent to $52.20 on Tuesday afternoon after a frenzied trading session on Monday, when Twitter closed up nearly 10 percent, its biggest gain ever. Since the loss-making San Francisco-based firm held its closely watched initial public offering last month, its fans on Wall Street have strained to reinforce the bull case for a stock priced at increasingly inflated multiples compared to social media peers like Facebook Inc and LinkedIn Corp. Twitter has released a spate of management news and product updates since its IPO, but some announcements, such as the official roll-out of a lucrative, cookie-based ad targeting technology called "targeted audiences," have been preceded for months by prior announcements.
(Reuters) - An Indian court extended a hearing over local tax authorities' seizure of a Nokia factory by seeking information on the plant value, adding to concerns whether the company can transfer the property to Microsoft as part of the sale of its mobile phone business. Nokia has offered to pay a 270 million euro ($369 million) deposit to Indian authorities to unfreeze assets in a tax dispute, according to sources familiar with the matter. The Finnish firm has been trying to free up the assets, particularly its Chennai factory which is one of its biggest phone-making plants, ahead of the sale of its mobile phone business to Microsoft. The Delhi High Court on Tuesday asked the tax authorities to submit the value of the Chennai factory on Wednesday, when it is due to hear the case again, amid growing uncertainty about Nokia's exact tax liabilities in India.
The board of Telecom Italia is not considering any plan to break up the company's Brazilian wireless unit TIM Participacoes, CEO Marco Patuano said on Tuesday. "The board is not studying any break-up of TIM Brasil. I will never grow tired of repeating that it is for us a strategic company," he said on the sidelines of an event. A government source in Brazil said on Monday the country's antitrust watchdog had not ruled out a possible break-up of TIM Brasil into units to be bought by local rivals.
By Jim Finkle BOSTON (Reuters) - Chinese hackers eavesdropped on the computers of five European foreign ministries before last September's G20 Summit, which was dominated by the Syrian crisis, according to research by computer security firm FireEye Inc The hackers infiltrated the ministries' computer networks by sending emails to staff containing tainted files with titles such as "US_military_options_in_Syria," said FireEye, which sells virus fighting technology to companies. For about a week in late August, California-based FireEye said its researchers were able to monitor the "inner workings" of the main computer server used by the hackers to conduct their reconnaissance and move across compromised systems. FireEye lost access to the hackers after they moved to another server shortly before the G20 Summit in St. Petersburg, Russia. FireEye said it believes the hackers were preparing to start stealing data just as the researchers lost access.
Make your own Street View with new Google tool
Ever wish Google's Street View extended into your back yard, or the little museum down the street, or your favorite hiking trail? Make your fantasy a reality by doing it yourself with a few of Android's "photo spheres" and a new online tool.First, you'll need to take a few dozen pictures.
Largest free public Wi-Fi network in US coming to Harlem
New York City is rolling out what Mayor Michael Bloomberg says will be the nation’s largest continuous free outdoor public Wi-Fi network, covering 95 blocks in Harlem.
Twitter app now lets you send private photos over DM
Today, the Twitter app for iOS and Android received a small tweak, with the biggest change coming to how users communicate via direct message (DM).
Knee deep in history: 20 years of "Doom"
Twenty years ago Tuesday, id Software released "Doom," and the world of gaming has never been the same. While it wasn't the first shooter, it was inarguably one of the most influential, kicking off a new tradition both of complexity of gameplay — and of highly stylized, graphic violence.
App-y holidays: Apple gives away free Christmas swag with '12 Days of Gifts'
Forget the North Pole. This Christmas, the gifts are coming from Cupertino, Calif., delivered by Apple to your iPhone or iPad.All you need to do: Download the free 12 Days of Gifts iOS app, then check in every day between Dec. 26 and Jan. 6 for a free song, app, book or movie from the iTunes store.