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Management shakeup at Apple: Apple fired the executives in charge of the company’s mobile software efforts and retail stores, in a management shake-up aimed at making the company’s divisions work more harmoniously together. The biggest of the changes involved the departure of Scott Forstall, an Apple veteran who for several years ran software development for Apple’s iPad and iPhone products. Retail chief John Browett will also depart while other senior vice presidents take on added responsibilities. Read more here.
Baidu Profit Exceeds Estimates as Qihoo Poses Competition: Baidu Inc. owner of China’s most- used search engine, posted third-quarter profit that exceeded analysts’ estimates as it fended off competition from Qihoo 360 Technology Co. maker of China’s most-used Web browser. Net income climbed to 3.01 billion yuan ($480.5 million), or 8.59 yuan per American depositary receipt, from 1.88 billion yuan, or 5.38 yuan, a year earlier, Beijing-based Baidu said in a statement today. Read more here.
EBay Cutting 325 Jobs in PayPal Division Restructuring Plan:EBay Inc. will cut 325 jobs in its PayPal unit and take a pretax restructuring charge of $15 million, part of President David Marcus’s efforts to streamline the payment division and accelerate new products. PayPal is also ending work arrangements with about 120 contractors worldwide, San Jose, California-based EBay said today in a statement. Marcus is overhauling the payment unit, whose almost 13,000 employees are competing with startups such as Stripe Inc. and WePay Inc. that have been able to roll out services more efficiently. Read more here.
Google Unveils Mobile Devices to Step Up Apple Challenge: Google Inc. announced a new lineup of mobile devices, using alliances with Korean electronics makers Samsung Electronics Co. and LG Electronics Inc. to step up a challenge to Apple Inc. in the market for tablets and smartphones. The new phone, developed with LG, is called the Nexus 4. A new tablet, made by Samsung, is called Nexus 10. Both are part of the Nexus line of electronics, which showcase the most advanced features of Google’s Android software. Read more here.
France considers law forcing Google to pay for linking news: President Francois Hollande told Google’s chief executive on Monday that France would legislate to force the web search engine to pay for displaying links to news articles unless it struck a deal with French media outlets. Press associations in France, and other European countries, want Google to pay when it displays links to newspapers in Internet searches. In reply, Google has threatened to stop indexing articles from the French press. Read here.
– IT services firm Tata Consultancy Services (TCS) to invest Rs 550 crore for new campus in Indore has announced that it will build an integrated campus in Indore for IT and BPO with an initial investment of Rs 550 crore in the first phase. The proposed campus will be located on a 100 acre plot allotted by the Madhya Pradesh government and the construction of phase I would be completed by March 2016. The total development area of the campus is expected to be around 1.5 million sq ft, read complete post here.
– By 2017, 65% of enterprises will adopt a mobile device management solution, as per Gartner report. According to the report, with growing penetration and popularity of smartphones and tablets, majority of network traffic and corporate data will switch to mobile devices over the next 5 years. Gartner forecasts that within 5 years, 90% of enterprises will have two or more mobile operating systems to support. Over the past few years, many enterprises have moved to Apple’s iOS, read complete post here.