Dutch telecom KPN says 1Q earnings fell on flagging demand for IT servicesAMSTERDAM — Royal KPN NV, the Dutch telecommunications company, said Tuesday first quarter net profit fell 5.3 percent because of a fall in demand at its IT services arm, which helps companies build and maintain their computer networks. Amazon.com buys Lexcycle, maker of iPhone e-book application Stanza, for undisclosed sumLOS ANGELES — Kindle e-book retailer Amazon.com Inc. has purchased Lexcycle, a year-old company that makes the iPhone e-book application Stanza, in a move that ratchets up Amazon’s presence in the electronic book market. Apple corrects vote count error, says shareholders to get ’say on pay’ voteNEW YORK — Apple Inc. investors will get an advisory vote on executive compensation, the company said Monday, reversing an earlier announcement in which Apple said the “say on pay” proposal failed to get enough support at the most recent shareholder meeting. Defiant North Korea says it has begun harvesting plutonium for nuclear weaponsSEOUL, South Korea — North Korea said that it has begun harvesting plutonium from spent fuel rods at its main nuclear plant to build up its atomic arsenal. The move, in defiance of tightening U.N. sanctions, threatened to further damage efforts to dismantle the communist nation’s rogue program. AT&T to shut down CallVantage Internet phone service, following similar move by VerizonNEW YORK — AT&T is shutting down its CallVantage Internet-based phone service. AT&T 1Q earnings fall 9.7 percent but beat Wall Street estimatesNEW YORK — Strong results from the wireless business softened the effect of the weak economy at AT&T Inc., helping the country’s biggest telecommunications carrier beat analyst estimates for the first quarter. LG Electronics reports quarterly loss of $147 million on FX and LG Display lossesSEOUL, South Korea — LG Electronics Inc., a major manufacturer of mobile phones and flat screen televisions, stayed in the red for a second straight quarter, knocked by foreign exchange losses and a poor result from its flat panel affiliate LG Display. Japan’s KDDI to release solar-powered mobile phone in JuneTOKYO — Cell phone users could soon be turning to the skies to charge their handsets. China Telecom 1Q profit down 27.4 percent as demand for fixed-line service dropsBEIJING — China Telecom Ltd. said Monday its first quarter profit plunged 27.4 percent as demand for traditional fixed-line telephone services weakened. |
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