German internet service provider United Internet said on Wednesday its 2014 core profit had risen by more than a third due to record growth of new customers both organically and through acquisitions.
Read moreThe founder of British price comparison company Moneysupermarket.com, Simon Nixon, on Wednesday scrapped a plan to sell a stake of up to 6.4 percent in the company, less than a day after announcing it. A source had earlier told Reuters that Nixon was reducing offer to 4 percent of the company’s share capital — 22 million shares — from the 35 million shares previously targeted, with a price range of between 268 pence and 270 pence. News of the cancellation sent shares in Moneysupermarket down 6.3 percent to 268.5 pence by 0850 GMT.
Read moreBy Suchitra Mohanty NEW DELHI (Thomson Reuters Foundation) – India’s top court on Tuesday called on two lawyers to explain comments made in a controversial BBC documentary on the gang rape and murder of a woman on a Delhi bus, after female advocates said the remarks were “inhumane” and “unjustifiable”.
Read moreThe founder of financial services price comparison firm Moneysupermarket.com intends to sell up to 6.4 percent of the company’s issued share capital, reducing his stake to about 10 percent. The sale of around 35 million shares in a placing could earn Simon Nixon, who founded the company in 1993, about 100 million pounds ($148.74 million), based on Moneysupermarket’s closing share price of 286 pence on Tuesday.
Read moreBy Joe Brock JOHANNESBURG (Reuters) – Google and Facebook are at the forefront of a scramble to win over new African Internet users, offering freebies they say give a leg-up to the poor but which critics argue is a plan to lock in customers on a continent of 1 billion people.
Read more(Reuters) – Amazon Inc’s Twitch unit said on Monday there may have been unauthorized access to some of its user account information, according to the live streaming gaming network’s official blog. Twitch said it had expired passwords and stream keys, and disconnected accounts from Twitter and YouTube to protect the users.
Read moreBy Michelle Price HONG KONG (Reuters) – China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection. On Wednesday, a six-month lock-up period for the recently New York-listed stock expired, allowing insiders who bought 437 million shares prior to the IPO to sell their stock, though 100 million of them are subject to trading restrictions that apply to employees until the company reports results in May
Read more(Reuters) – Apigee Corp, a developer of software to manage Web applications, has filed with U.S. regulators for an initial public offering, looking to take advantage of interest in companies that offer Internet-related services. Apigee’s filing on Friday comes nearly two months after the successful listing of online storage company Box Inc and a day after Web-hosting company GoDaddy Inc’s proposed IPO valued it at up to $2.87 billion
Read morePolitical leaders of Vietnam’s capital halted the felling of thousands of Hanoi’s trees on Friday after the plan sparked public outrage and fears it would damage the image of one of the world’s most picturesque cities. Social media criticism went into overdrive this week after authorities started cutting down some 500 of the 6,700 trees it considered dangerous in the leafy metropolis often dubbed the “Paris of Asia”
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