Source Match Internet News
MOKPO, South Korea (AP) — The captain of a doomed ferry delayed evacuation for half an hour after a South Korean transportation official ordered preparations to abandon ship, raising more questions about whether quick action could have saved scores of passengers still missing Friday and feared dead, according to a transcript of the ship-to-shore exchange and interviews with a crewmember.
By Dan Levine SAN FRANCISCO (Reuters) - A U.S. judge on Thursday rejected a request by patent consortium Rockstar to transfer patent litigation from Google Inc's home turf in California to Texas, according to a court ruling. Rockstar, which counts Apple Inc as an investor, outbid Google and paid $4.5 billion for thousands of former Nortel Network Corp patents as the networking products supplier went bankrupt in 2011. Last year, the consortium sued several handset manufacturers whose phones operate on Google's Android operating system, which fiercely competes with Apple mobile products.
By Gerry Shih and Yimou Lee SAN FRANCISCO/HONG KONG (Reuters) - Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail. The timing of the two events, though coincidental, highlights the fundamental challenge for Shanghai-based Weibo: progressing from being a microblogging phenomenon in China to becoming an entrenched member of the international social media industry. Now, as Weibo celebrates its warm reception on international financial markets, its conflicts with censors at home raise the question of whether the firm known as the "Twitter of China" may eventually be derailed by government interference.
By monitoring the number of times people look for flu information on Wikipedia, researchers may be better able to estimate the severity of a flu season, according to a new study. Researchers created a new data-analysis system that looks at visits to Wikipedia articles, and found the system was able to estimate flu levels in the United States up to two weeks sooner than the flu data from the Centers for Disease Control and Prevention were released. The new system examined visits to Wikipedia articles that included terms related to flulike illnesses, whereas Google Flu Trends looks at searches typed into Google. The research team wanted to use a database that is accessible to everyone and create a system that could be more accurate than Google Flu Trends, which has flaws.
By Arshad Mohammed and Alexei Anishchuk GENEVA/MOSCOW (Reuters) - The United States, Russia, Ukraine and the European Union called after crisis talks on Thursday for an immediate halt to violence in Ukraine, where Western powers believe Russia is fomenting a pro-Russian separatist movement. President Barack Obama said the meeting in Geneva between Russia and western powers was promising but that the United States and its allies were prepared to impose more sanctions on Russia if the situation fails to improve. Russian President Vladimir Putin, speaking in Moscow, accused Ukraine's leaders of committing a "grave crime" by using the army to try to quell unrest in the east of the country, and did not rule out sending in Russian troops.
By Alexei Oreskovic and Tanya Agrawal SAN FRANCISCO (Reuters) - Shares of Weibo Corp rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks. Investors are watching the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd . Sina Weibo's early gains came after the owner of a Chinese Twitter-like messaging service priced its shares at the very bottom of a target range of $17 to $19, and cut its offer to 16.8 million American Depositary Shares from 20 million. "People had concerns that there's some competition over there and that engagement on Weibo may be challenged in the future, but I think Weibo is still a social media platform, that people still use it every day," said Henry Guo of JG Capital.
For the first time, scientists have discovered an Earth-sized alien planet in the habitable zone of its host star, an "Earth cousin" that just might have liquid water and the right conditions for life. The newfound planet, called Kepler-186f, was first spotted by NASA's Kepler space telescope and circles a dim red dwarf star about 490 light-years from Earth. "One of the things we've been looking for is maybe an Earth twin, which is an Earth-sized planet in the habitable zone of a sunlike star," Tom Barclay, Kepler scientist and co-author of the new exoplanet research, told Space.com.
With little fanfare, Iran has taken faster steps than required to comply with an interim nuclear deal that substantially limits its capacity to make a nuclear weapon. Today, the United Nations nuclear watchdog reported that Iran has significantly reduced its stockpile of 20 percent enriched uranium – the material that is a few technical steps from bomb-grade – and is ahead of schedule to completely dispose of remaining stocks by mid-July. Iran has two incentives to move quickly on the terms of the deal, which took force on Jan. 20. It is eager to show it can abide by all its nuclear commitments, as Iran and world powers begin drafting a comprehensive nuclear deal after three rounds of talks, with a fourth due to begin on May 13.
By Gerry Shih SAN FRANCISCO (Reuters) - Twitter Inc took a significant step Thursday towards broaden its advertising business by offering mobile ads urging people to install apps on its social network as well as through MoPub, the mobile-advertising network it acquired last year. As the mobile app economy grows, app developers have been willing to pay increasing amounts to advertise on major sites like Facebook to boost their app downloads. Twitter said Thursday it could reach 1 billion unique mobile devices through its MoPub network, which places ads inside of hundreds of apps. Twitter, which acquired MoPub last year for roughly $350 million, reaches a more limited audience of 240 million users through its own Twitter.com Web site and mobile apps.
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc's first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices. Shares of Google were down 3 percent to $539.80 in afterhours trading on Wednesday, after initially sliding roughly 6 percent on the news. The number of "paid clicks" by consumers on Google's ads increased by 26 percent in the first quarter, disappointing some analysts who had hoped for stronger volume growth. And the average "cost per click" declined 9 percent, extending a downward trend as mobile advertising, typically cheaper than traditional online ads, make up a bigger slice of its business.
(Reuters) - China's Weibo Corp, a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth. The offering comes ahead of the much-anticipated IPO of Chinese e-commerce giant Alibaba Group Holding Ltd, which holds stake in Weibo. Weibo, controlled by Web portal company Sina Corp, sold 16.8 million American depositary shares (ADSs) at $17 each, the company said on Thursday. At the offer price, Weibo is valued at $3.46 billion.
So now it's out there. After five years of studied reticence, Democratic leaders in Washington finally went public last week with what they really think is motivating Republican opposition to Barack Obama. As Steve Israel, one of the top Democrats in Congress said the Republican base, "to a significant extent," is "animated by racism."