Alibaba Group Holding Ltd said on Wednesday it is seeking to extend the draw-down period of its $8 billion loan to the end of next year, a move that people familiar with the e-commerce firm's plans said would buy it more time to launch an IPO. Alibaba wants to extend that to December 31, 2014, sources familiar with the discussions said. Alibaba said the funds will be used for corporate purposes.
Last year, editor Genevieve Ip wowed us with her Filmography 2012, an expertly cut compilation that stitched together scenes from over 300 movies. Now, Ip has released Filmography 2013, which, like her previous work, stands as a definition of both the year in cinema and the position film takes in our culture. The compilation is split into five thematic sections: Words, Origins, Evil, Death and Love, and Time, with each segment exquisitely pulling together seemingly disparate work into one cohesive thread.
Imagination Technologies said slowdown at the top end of the smartphone market would hit the number of chips shipped using its graphics and video technology in the second half of the year, sending its shares down 15 percent. The British company said it expected its partners, which include Apple , to ship 580-630 million units, excluding the MIPS technology it bought last year, down from its previous forecast of about 650 million.
The Associated Press-GfK poll on President Obama, Congress and the 2014 election was conducted by GfK Public Affairs and Corporate Communications Dec. 5-9. It is based on online interviews of 1,367 adults who are members of GfK's nationally representative KnowledgePanel.
With Angry Birds Go, developer Rovio is beating Mario Kart at its own game, and it's doing it on the most popular platform there is: mobile.
You know those cookies web services use to track your history and serve up personalized ads? It appears that the government is using them too. The National Security Agency is apparently leveraging a Google-specific cookie to tap into the computers of suspicious users, according to presentation slides Edward Snowden leaked to The Washington Post. With an assist from Mountain View's "PREF" file, the NSA can track a target's web visits, then identify the computer and send a remote exploit in.
Spotify has reportedly signed an exclusive deal that will bring Led Zeppelin's back catalogue to the streaming service. The New York TImes reports the deal will be announced at an event today, where it's believed Spotify will also unveil its plans for an extended free music service for mobile users.
Folks looking to squirrel away files in the cloud for free will no longer be able to look towards SugarSync. The outfit's gratis option has been retired, and existing users with freebie accounts will have until February 8th to access what they've stowed on the platform. TechCrunch reports that those who become paying customers can score discounts as hefty as 75 percent off in some instances.
(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;
LAS VEGAS (AP) — Organizations and advocates on all sides of the online gambling debate are cheering a Congressional hearing on the state of online gambling.
