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Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations

By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a "strategic" sector of Europe's economy. ...

How the mighty have fallen: Nokia’s struggles, put in perspective

In one point in time, Nokia was the top-selling smartphone vendor in the world by a wide margin. It wasn’t even that long ago, in fact. But when Nokia failed to respond quickly enough to the industry’s shift toward touch, the Finnish giant lost its footing and toppled spectacularly. Just how bad have things gotten for Nokia? Market share numbers paint a pretty frightening picture, but a single tweet from Benedict Evans of Enders Analysis might do an even better job of putting things in perspective. In the past two years since Nokia announced that it was switching to Windows Phone as its mobile platform of choice, the vendor has sold just over 20 million Lumia phones. During the same period

Yahoo to vote on $1.1 billion Tumblr buy: AllThingsD

SAN FRANCISCO (Reuters) - Yahoo Inc's board will meet on Sunday to vote on whether to offer $1.1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday. Such an acquisition would be CEO Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on Tumblr because its younger user base would enhance the older website's "cool factor," the technology blog cited the sources as saying. The news could be announced as soon as Monday, it said. ...

Verizon cuts prepaid plan prices, piles on more data

Consumers have begun to move away from two-year contracts and embrace the prepaid smartphone market. In response to this growing user base, Verizon Wireless this week announced that it is increasing its data allowance for prepaid customers. The carrier’s new plans offer unlimited talk and text with 2GB of data, up from 500MB, for $60 a month. There is also a plan with 4GB of data, up from 2GB, for $70 per month. The increased data allowance is available now to current customers, and will be available to new customers beginning June 6th. AT&T also recently announced a new prepaid service in select markets, known as Aio Wireless, which offers unlimited talk and text with 2GB of data for $55

'Sonic' video games coming to Nintendo

LOS ANGELES (AP) — Sonic the Hedgehog is rolling with Nintendo.

Leak suggests Nokia ‘EOS’ will feature 4.5-inch 720p display, 41-megapixel camera

Nokia is rumored to be preparing a 41-megapixel Lumia smartphone, codenamed EOS, that will be released later this year. According to WMPowerUser, the handset will look similar to Nokia’s Lumia 920 smartphone and will feature a polycarbonate case with a 4.5-inch 720p display. The device will reportedly come with a new application called “Nokia Pro Camera” to compliment the 41-megapixel PureView camera, which is also said to include a protective lens cover that automatically opens when the camera application is launched. Unlike the handful of Lumias that came before it, however, the EOS will reportedly not come in different colors and will not natively support wireless charging. Earlier reports suggested that Nokia would launch its EOS smartphone in the United States

Morrison seals $306 million Ocado deal in online catch-up

By James Davey LONDON (Reuters) - British supermarket chain Wm Morrison is investing more than 200 million pounds in a 25-year deal with online grocer Ocado, seeking to catch up with rivals in home delivery and sending Ocado shares to a record high. Morrison, which trails Tesco, Wal-Mart's Asda and J Sainsbury in annual sales, has suffered falling profits and market share, partly due to its late entry into online grocery which is growing about 16 percent a year. Morrison and Ocado said their deal would not affect Ocado's arrangement with upmarket grocer Waitrose, due to run to 2020. ...

HTC says One production will double to meet ‘strong demand’

Of all the problems to have when launching a new flagship smartphone, trouble keeping up with demand is hardly the worst. Of course, things change a bit when a company has to pump units into channels as quickly as possible before the top-selling smartphone vendor in the world launches the Galaxy S4. HTC undoubtedly lost some sales thanks to its production woes with the One, but a new report suggests its manufacturing issues are behind it. According to Focus Taiwan, HTC North Asia president Jack Tong said that production capacity for the HTC One will double in May and increase further in June. ”Our capacity is expected to rise significantly starting from mid-May,” Tong reportedly said Friday at a press conference. “We

A year after IPO, Facebook aims to be ad colossus

NEW YORK (AP) — It was supposed to be our IPO, the people's public offering.

Xbox 360 dominates console sales for 28th consecutive month

The Xbox 360 topped the charts again in April, marking the 28th consecutive month Microsoft’s gaming console has outsold Sony’s PlayStation 3 and Nintendo’s Wii consoles. According to research from NPD Group, the Xbox 360 accounted for 42% of current-generation sales with 130,000 units sold last month. It wasn’t all good news, however, as sales plummeted 50% from 261,000 units in March. As a whole, the industry continued to struggle in April with total gaming sales down 25% year-over-year from $657.5 million to $495.2 million. Microsoft and Sony’s next-generation consoles are expected to help sales pick up when they launch ahead of the holidays this year.