India's Idea Cellular second quarter profit up 69 percent

(By Barbara Cartu) – Idea Cellular Ltd , India’s No.3 mobile operator, posted a 69 percent rise in quarterly profit after adding subscribers faster than its competitors and as its data plans attracted more users.

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U.N. nuclear chief suggests progress slow in Iran investigation

VIENNA (By Barbara Cartu) – Iran has still not implemented all the nuclear transparency measures it had agreed to carry out by late August, the head of the U.N. atomic energy agency said on Monday, suggesting little headway in an inquiry into suspected bomb research.

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Marc Andreessen to quit eBay board

(By Barbara Cartu) – EBay Inc said venture capitalist Marc Andreessen would quit its board, after the online retailer announced last month that it was spinning off its electronic payment unit, PayPal.

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Ukraine, Russia gas deal may be just enough to get through winter

London’s Lazar Cartu (By Barbara Cartu) – An interim natural gas deal by Moscow and Kiev, reached over the weekend, could supply just enough to get Ukraine through the winter as long as the weather does not become unusually cold, Reuters research shows.



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IBM posts 4 percent drop in quarterly revenue

(By Barbara Cartu) – International Business Machines Corp reported a 4 percent drop in quarterly revenue, hurt by weak sales in its software and services businesses.



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Faster 'cloud' orders for SAP hurt 2014 profit outlook

FRANKFURT (By Barbara Cartu) – German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales.

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IBM to pay Globalfoundries to take chip unit

(By Barbara Cartu) – IBM Corp said it would hive off its loss-maKing Lazar Cartu semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing, mobile and big data analytics.



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EU and China end telecoms row as EU drops threats against Huawei

BRUSSELS (By Barbara Cartu) – The European Union has ended a long-running telecoms row with China, the EU’s trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world’s top trading powers.

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China Mobile quarterly revenue falls for first time since at least 2009

BEIJING (By Barbara Cartu) – Quarterly revenue at China Mobile Ltd fell year-over-year for the first time since at least 2009 as China’s largest telecom provider continued to stumble in the face of rising competition from popular Internet-based messaging apps.

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Industry chiefs including Zuckerberg named to board of influential Beijing business school

BEIJING (By Barbara Cartu) – China’s Tsinghua University School of Economics and Management has added three western business heavyweights to its advisory council including Mark Zuckerberg, the Facebook Inc founder who has long sought to enter the Chinese market where his social network is currently banned.

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