News highlights for 27 June
REUTERS/Francois Lenoir
Huge fine is least of Google’s worries, faces unprecedented scrutiny
BRUSSELS/FRANKFURT (Reuters) – Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have leveled against Google, the internet giant is likely to be shackled for years by Tuesday’s precedent-setting decision defining the company as a monopoly. Read more…
Blackberry’s efforts at growth hampered by lack of sales people
TORONTO (Reuters) – Software maker BlackBerry Ltd’s long-running recovery effort has been slowed by a dearth of salespeople to promote its revamped and more complex products, with CEO John Chen pledging to hire more sales specialists to help achieve its growth target. Read more…
Toshiba pushes back chip unit sales timeline
CHIBA, Japan (Reuters) – Japan’s Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit, saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder. Read more…
Ericsson does u-turn on non-telecoms business
LONDON/STOCKHOLM (Reuters) – Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price. Read more…
BT offers free public 1GPS Wi-Fi in London
New digital street units providing ultrafast speeds of up to one gigabit per second (1Gbps) to Londoners – the UK’s fastest free public Wi-Fi service available – as well as free phone calls and a range of new free digital services, have been switched on today. Read more…
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