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April 21, 2014
Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with the shift to the fast-growing mobile advertising market. Google shares were down about 3 percent in early trading on Thursday, and at least 12 brokerages cut their target price on the stock. "Despite an expectations-miss quarter, Google remains one of the best-positioned stocks for many of the secular growth drivers in the Internet space," RBC Capital analyst Mark Mahaney, who kept his "outperform" rating on the stock, said in a note to clients. Of the 46 analysts covering Google, 35 have a "buy" or equivalent rating on the stock.
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Advanced Micro Devices Inc’s first-quarter results beat expectations, sending its shares higher as the chipmaker tries to replace dwindling sales of PC chips with its processors for game consoles. With the PC industry shrinking for eight straight quarter due to consumers’ preferences for tablets and smartphones, AMD is expanding into new markets and aims to get half of its revenue from new, fast-growing businesses by the end of 2015. Chief among those efforts, the Sunnyvale, California, company is supplying processors for Microsoft Corp and Sony Corp’s latest game consoles in a bid to make up for its declining PC business.
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(Reuters) – Apple Inc and Google Inc are wooing game developers to ensure that top game titles arrive first on devices powered by their respective operating system, the Wall Street Journal reported, citing people familiar with the matter. Both the companies are trying to lure game developers by offering premium placement to these games on their app stores' home pages and features lists, the daily said. (http://ift.tt/1i5wQe3) Both Google and Apple were not immediately available for comment outside regular U.S. business hours. …
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By Orhan Coskun ANKARA (Reuters) – Prime Minister Tayyip Erdogan applied to Turkey's constitutional court on Friday to challenge the alleged violation of his and his family's rights by social media, a senior official in his office told Reuters. Erdogan's government blocked Twitter and YouTube in March, drawing international condemnation, after audio recordings, purportedly showing corruption in his inner circle, were leaked on their sites. The Twitter block was lifted earlier this month after the constitutional court ruled that it breached freedom of expression, a decision Erdogan has since said was wrong and should be overturned. YouTube remains blocked in Turkey.
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With the advent of touchscreen smartphones, BlackBerry lost its position as king of the mobile world. In response, the company bought QNX and hibernated, plotting a reinvention centered around BlackBerry 10. When the business emerged with the Z10, everyone knew that this was the device that the company's future relied upon — and we know how that ended up.
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It's like Sega and Sony all over again. We don't mean the hardware arms race (although that's certainly happening), but how the smartphone world's two top players are now fighting over the most popular games… and their sequels. Gaming is one of the top money-spinning app categories on smartphones and tablets and according to a WSJ report, both Apple and Google are trying to get popular games and their developers on their side.
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What the internet giveth, it also taketh away… and then giveth back again (sort of). Back in January, the script for Quentin Tarantino's next film, a western called the Hateful Eight, showed up online and Defamer drew the web's attention to its presence. In response, the filmmaker sued for copyright infringement and shelved the project.
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Thousands of marijuana enthusiasts gathered in Colorado and Washington state over the weekend for an annual celebration of cannabis culture with rallies, concerts and trade shows in the first two U.S. states to legalize recreational marijuana. Voters in both Western states approved ballot initiatives in 2012 allowing personal possession and use of marijuana by anyone aged 21 and or older for purposes of just getting high, though public consumption of pot remains illegal. In January the world's first state-licensed retail marijuana outlets opened for business in Colorado, and stores in Washington are set to follow suit later this year.
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Kevin Sharp, who survived cancer as a teenager and went on to become a successful country music singer in the 1990s, died late Saturday, according to his website. Sharp, a California native, recorded several hit singles in mid-1990s, including his version of the song “Nobody Knows,” which held the top spot on Billboard’s Hot Country Single & Track for four weeks. Sharp was diagnosed in high school with a rare form of bone cancer that had spread to his lungs, according to his website, and he became involved in the Make-A-Wish Foundation, a non-profit that seeks to provide wish-fulfillment experiences to children with life-threatening illnesses. Sharp’s cancer went into remission in 1991, and he launched his musical career while staying active in Make-A-Wish, becoming a national spokesman for the organization, according to his website.
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April 20, 2014
Deadline reports that the US Supreme Court has granted a motion from the Deputy Solicitor General to appear during oral arguments on April 22nd as an amicus curiae in support of broadcaster's claims that Aereo infringes their copyrights. The Obama Administration earlier requested permission to argue its perspective on the case before the justices on grounds that the decision will make important decisions about "the scope of the public-performance right in the context of novel technologies for transmitting and viewing copyrighted audiovisual works using the internet." The White House made clear in an amicus brief that it believes Aereo should have to pay the same retransmission fees to networks like CBS, ABC, NBC, and FOX as cable and satellite providers.
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(Reuters) – A former U.S. Army Ranger who was in the same platoon as ex-NFL player Pat Tillman has stated in a television interview that he believes he might have fired the shots that killed Tillman in a 2004 friendly-fire incident in Afghanistan. Steven Elliott, 33, told ESPN program “Outside the Lines” in an interview scheduled to air on Sunday that he regrets joining other soldiers in firing on the spot where Tillman had taken position during a chaotic incident in a mountainous area. Tillman gave up a multimillion dollar career as a defensive back with the Arizona Cardinals football team to enlist in the military in the wake of the September 11, 2001, attacks and served in the U.S. Army’s 75th Ranger Regiment, becoming one of the U.S. military’s most high-profile service members.
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Michelle Wie claimed her first LPGA win on American soil on Saturday, coming from four strokes behind to win the LOTTE Championship in her home state of Hawaii. The 24-year-old American fired a five-under 67 at Ko Olina Golf Club in the final round to storm past third round leader Angela Stanford, finishing with a two-stroke advantage on 14-under 274. Stanford’s 73 left her at 12-under with South Korea’s Inbee Park third at 11-under. The victory was Wie’s third of her career but first in America and first since the Canadian Open in 2010.
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(Reuters) – Spaniard Miguel Angel Jimenez made his Champions Tour debut in style when he won the Greater Gwinnett Championship by two strokes over Germany’s Bernhard Langer in Georgia on Sunday. A week after finishing fourth at the Masters, Jimenez became the 18th player to win in his first start on the senior American circuit and only the third to lead from start to finish in a Champions Tour debut. But the 20-time European Tour winner indicated afterwards that he would focus primarily on his home tour for the rest of the season as he tries to qualify for the Ryder Cup in September. “I’m playing very well and now you don’t know what to do, but I need to do my points for the Ryder Cup,” Jimenez told the Golf Channel.
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Kapolei (United States) (AFP) – American Michelle Wie won her first LPGA title since 2010, firing five-under par 67 for a two-shot victory in the Lotte Championship. Wie had six birdies, and not even a three-putt bogey at the final hole at her home course, Ko Olina, could dim her joy at her third career LPGA crown. Wie's other two LPGA titles also came in North America, at the 2009 Lorena Ochoa Invitational in Mexico and at Canadian Women's Open in August of 2010 — but she had never before won on US soil. Angela Stanford took a four-stroke lead over Wie and Kim Hyo-Joo into the final round, but carded a one-over 73 for a 12-under total of 276 that left her alone in second place.
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Toronto (Canada) (AFP) – The Atlanta Hawks surprised the top-seeded Indiana Pacers 101-93 in the opening game of their NBA Eastern Conference first-round playoff series. Atlanta's Jeff Teague, an Indianapolis native, scored 28 points and handed out five assists to lead the Hawks to a victory and a 1-0 lead in the best-of-seven series. The other Eastern Conference game on the opening day of the post-season also saw the visitors come out on top. Paul Pierce found his form in the final minutes, sparking the Brooklyn Nets to a 94-87 victory over the Raptors in Toronto.
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LeBron James and Dwyane Wade combined for 50 points on Sunday to lead two-time defending NBA champions Miami to a 99-88 victory over Charlotte in their post-season opener. James made four of the Heat's 11 three-pointers and finished with 27 points and nine rebounds as the Heat seized the advantage in the best-of-seven Eastern Conference first-round series. Wade added 23 points and five assists for the Heat, who are trying to become the first club to win three straight NBA titles since the Los Angeles Lakers did it 2000, 2001 and 2002.
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* Almost squanders another shot at victory * Donald narrowly misses chip at last hole (Adds detail, quotes) April 20 (Reuters) – American Matt Kuchar ended a frustrating run of close calls in spectacular style when he holed a bunker shot on his final hole to win the RBC Heritage in South Carolina on Sunday. Minutes after three-putting the 17th from four feet, Kuchar responded emphatically by sinking a 20-yard sand shot for birdie at the par-four 18th to beat third round leader Luke Donald by one stroke at Harbour Town on Hilton Head Island.
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