Conde Nast eyes digital viewers with virtual reality, scripted shows

By Piya Sinha-Roy LOS ANGELES (Reuters) – Privately held Conde Nast may best be known as the publisher of fashion, culture and lifestyle magazines such as Vogue, Vanity Fair and GQ, but it is hoping to draw new consumers and advertisers through the realm of virtual reality. Conde Nast Entertainment (CNE), the publisher's film, television and video division, will unveil two original virtual reality series for the upcoming year at its Tuesday presentation before advertisers at the Newfronts, an annual digital content showcase in New York

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Google launches portal to buy patents

(Reuters) – Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company. Patent holders can tell Google about the patents they're willing to sell and the expected price through the portal, the company said on its blog.

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China foreign website malfunction drives home Internet woes

BEIJING/SHANGHAI (Reuters) – Internet users in China were unable to use a number of popular foreign websites on Monday, the latest in a series of challenges businesses and individuals have faced going online in the world's second-largest economy. Social media users first reported on Sunday that they were being sent to software website wpkg.org and travel website ptraveler.com when trying to access news websites like cnn.com, news portal yahoo.co.jp, and games website runescape.com, among others. Reuters reporters in China also experienced similar issues

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EU antitrust case against Google based on 19 complainants: sources

By Foo Yun Chee and Eric Auchard BRUSSELS/BERLIN (Reuters) – The European Union's decision to take on Google last week stems from official complaints by 19 companies in Europe and the United States, including Microsoft and a number of small firms, people familiar with the matter said on Friday. The list of complainants in the European Commission's charge sheet, which includes companies not directly involved in the charges around Google's shopping service, would make it easier for the regulator to expand the case beyond its preliminary focus on price-comparison shopping sites. Being an official party to the case gives the companies an insider track on the regulatory proceedings as they will be able to get a copy of the detailed EU charge sheet and argue their case at a hearing of competition experts should Google ask for one.

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Infosys bets on new services to push sales to $20 billion by 2020

By Aman Shah and Devidutta Tripathy MUMBAI (Reuters) – Infosys Ltd, India's second-largest software services exporter, on Friday posted quarterly net profit that lagged most analyst expectations, dampening hopes of a quick turnaround after top management changes. Bengaluru-based Infosys, once seen as the bellwether of India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a staff exodus that also impacted its ability to win lucrative deals.

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Amazon revenue beats, cloud computing more profitable than expected

The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, on Thursday, saying revenue jumped almost 50 percent to $1.57 billion, or about 7 percent of total revenue. The unit's operating income grew 8 percent to $265 million.

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Microsoft profit, revenue beats Wall Street view; shares up

Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. “The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching performance last quarter.” Sales of Windows to computer manufacturers to install on new PCs fell 19 percent in the quarter, reflecting a sharp dip from a year ago when Windows got a brief boost from consumers rushing to buy new machines after Microsoft stopped support for the 14-year-old XP operating system. Microsoft's overall revenue rose 6 percent to $21.7 billion, above Wall Street's average forecast of $21.1 billion, according to Thomson Reuters I/B/E/S.

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Google shares rise after online ad sales drive revenue higher

Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. While revenue and profit missed the forecasts of Wall Street analysts, many investors had been bracing for a weaker report, said BGC Financial analyst Colin Gillis. The company has faced challenges in mobile advertising and is running up more expenses as it invests in new businesses.

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Online store merger prods luxury goods makers toward Internet

By Astrid Wendlandt and Pascale Denis PARIS (Reuters) – The merger of the world's two biggest online fashion stores, Net-a-Porter (NAP) and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance. “It looks like they are scared to try things out.” Sharma said many brands' websites mimicked the appearance of Net-a-Porter's black-and-white portal.

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As Amazon parties on, some large fund managers take their leave

The average large-cap fund that holds Amazon has 1.4 percent of its assets in the stock, down 23 percent from this time last year, according to the latest available Lipper data. They include such well-known names as Fidelity Contrafund, Washington Mutual Investors Fund, Touchstone Sands Select Growth fund and the T.

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