T-Mobile US sells 500,000 iPhones in a month

FRANKFURT, Germany (AP) ? T-Mobile US Inc., the last of the major U.S. carriers to start carrying iPhones, is selling them at a brisk pace, it reported Wednesday.

T-Mobile US, the No. 4 U.S. carrier, said it has sold half a million iPhones since it started on April 12. That puts its sales at roughly the same rate as Sprint Nextel Corp., the No. 3 carrier, which has far more customers.

The company said late last year that it planned to sell the iPhone, which helped it keep customers in the first three months of the year. As previously reported, it saw a small increase in customers under its own brand for the first time in four years. Analysts believe the customers were holding out for the iPhone.

T-Mobile US's parent Deutsche Telekom AG, discussed the U.S. business as it reported a 3.5 percent increase in net profit in the first quarter to 564 million euros ($739 million) from 545 million euros in the same quarter a year ago. Earnings rose in part because the company saw smaller deductions for the depreciation of its U.S. business.

Deutsche Telekom completed a merger of T-Mobile USA with MetroPCS Communications Inc. on April 30, creating the new T-Mobile US Inc. Deutsche Telekom owns 74 percent of the new company, while the rest went to MetroPCS shareholders.

T-Mobile USA, which had been losing contract customers, switched to a new "Un-carrier" approach in March and started selling phones on installment plans.

Deutsche Telekom AG also said it had 300 million euros less in accounting-related reductions related to the merger, which is part of a turnaround effort. As the No. 4 mobile provider, T-Mobile USA has struggled against bigger competitors.

Otherwise, sales and earnings slipped at Deutsche Telekom.

Revenue fell 4.5 percent to 58.7 billion euros, while adjusted operating earnings ? which exclude financial items such as depreciation related to the merger ? declined 4.3 percent to 4.29 billion euros. That still exceeded the analyst predictions for 4.24 billion euros compiled by financial information provider FactSet.

At T-Mobile USA, the company made 5.32 billion euros in operating earnings, down 5.6 percent in euro terms, as revenue slipped 8 percent to 15.37 billion euros. The company said service revenue fell as more customers opted for the new contracts, reducing operating earnings.

Elsewhere, the company said its subsidiaries in Europe battled a slow economy and increased regulation. The company's expenditure on capital investments rose some 40 percent to over 3 billion euros as it spent money on acquiring radio frequencies in the Netherlands.

Deutsche Telekom shares rose 3.4 percent to 9.44 euros in morning trading in Frankfurt.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-05-08-Germany-Earns-Telekom/id-9e8bd92bb1d64e48a289fa9e9949b73d

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Optimus G will be LG's first smartphone to pack LTE TDD

LTE TDD's not much of a thing in the US (other than on Clearwire), but it's widely used across Asia and in countries like Saudi Arabia. Still, many handset makers are just getting on board, and LG has launched its first smartphone with those bands -- an Optimus G variant -- on Saudi Telecom's network. LG said it would soon roll out that model along with other, as-yet-unnamed phones, equipped with the band (also known as TD-LTE) in Japan, Austrialia, India and North America. The Korean maker added that China will see the Optimus G this summer on China Mobile, which demoed a TD-LTE prototype of that model not so long ago.

Filed under: Cellphones, Wireless, Mobile, LG

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Source: LG

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Allstate moderating Illinois car insurance rate hikes - Finance News ...

[unable to retrieve full-text content]Allstate Corp. is raising car insurance rates modestly for about half its customers in Illinois, a sign the insurance giant is moderating the increases of recent years to better retain customers. Northbrook-based Allstate, the ...

Source: http://www.chicagobusiness.com/article/20130508/NEWS01/130509766/allstate-moderating-illinois-car-insurance-rate-hikes

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The Best Bag to Carry Your Mirrorless Camera

Finding a comfortable way to carry around your gear is always a challenge for photographers. DSLRs are heavy. Lenses are big. Many enthusiasts?even pros?are turning to mirrorless cameras and their small footprints as a way to lighten the load. But you still need a bag, the perfect bag, to accommodate your shrunken gadgets.

Read more...

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/OQhVtI-vazg/the-best-bag-to-carry-your-mirrorless-camera-5992923

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Daily Beast Retracts Howard Kurtz Jason Collins Article - Business ...

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Howard Kurtz

Howard Kurtz, a media critic and journalist for the Daily Beast, wrote an article criticizing NBA player Jason Collins for not admitting that he was engaged to a woman in his coming out article in Sports Illustrated.

It was factually incorrect.

Collins explicitly said he was engaged, writing, "When I was younger I dated women. I even got engaged. I thought I had to live a certain way. I thought I needed to marry a woman and raise kids with her."

Kutz originally wrote that he "didn't come clean," and referred to the engagement as "Jason Collins' Other Hidden Secret."

Once the article went up, Kurtz was immediately mocked on Twitter.

At first he changed it to say "downplayed" instead of "didn't come clean."?But since the entire article as based on a blatant falsehood, the Daily Beast decided to retract the whole thing this morning.

The statement:

"The Daily Beast sincerely regrets Kurtz?s error?and any implication that Collins attempted to hide or obscure the engagement."

If Kurtz or anyone who edited his article had read the Collins SI piece, this could have easily been avoided.

Source: http://www.businessinsider.com/daily-beast-retracts-howard-kurtz-jason-collins-article-2013-5

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Exclusive: EU to propose duties on Chinese solar panels

By Robin Emmott and Francesco Guarascio

BRUSSELS (Reuters) - The EU's trade chief will recommend placing punitive import duties on billions of euros of solar panels from China, people close to the matter say, putting up a barrier to protect European producers but risking upsetting Beijing.

The case, the biggest the Commission has ever targeted, highlights the balancing act facing Brussels as Europe tries to protect against cheap imports while needing China, the EU's second largest trading partner, to help it emerge from recession.

Trade Commissioner Karel De Gucht is expected to tell his fellow EU commissioners on Wednesday that Brussels should levy the tariffs to guard against Chinese production that quadrupled between 2009 and 2011 to more than the entire global demand.

"De Gucht is ready to go ahead," said one person close to the decision-making. "The Commission has a very solid case."

Following Wednesday's meeting in Brussels, De Gucht will then propose the measures at a meeting of trade specialists from all EU countries, who are expected to back them, diplomats say, allowing the provisional levies to come into force by June 6.

However, the decision to levy duties would still leave the door open for a negotiated solution with Beijing before December and avoid levies that could be imposed for up to five years.

The United States levied its own duties on Chinese solar energy products last year, arguing that China's rapid expansion into the industry has created a massive oversupply.

Germany, the United States and China are the world's biggest solar markets and companies are in a race to win contracts as countries seek to limit pollution and global warming.

The initial EU duties on Chinese solar panels are likely to be set at 30 percent and above, which would make Chinese exports far less attractive in Europe, said one person involved.

The European Commission declined to comment.

China, which had barely any solar production capacity a decade ago, exported more than 21 billion euros ($27.45 billion) in panels to the European Union in 2011.

European solar panel manufacturers, led by Germany's Solar World, accuse Chinese counterparts of dumping panels and related components on the EU market and seeking to put European peers out of business to corner the market.

GERMAN SUPPORT

SolarWorld, once Germany's biggest solar group, partly blames Chinese overcapacity for its problems, including 900 million euros ($1.2 billion) in liabilities, while its smaller rival Q-Cells filed for insolvency last year.

"Germany has thrown all its weight behind this case," said another person close to the case. "Germany does not usually do so in trade defense measures, but this is an important industry under attack."

Germany is Europe's largest exporter to China, and Chancellor Angela Merkel has made numerous trips to Beijing, last year striking a conciliatory tone by saying Europe has no interest in starting a trade war over solar panels.

French President Francois Hollande also flew to Beijing last month for a visit to try to increase France's exports.

Europe's stance on solar energy is complicated by the fact that some in the EU solar sector, notably importers and installers, support cheap panel imports from China

They say EU tariffs would be damaging for efforts to develop clean energy, and who fear retaliation by Beijing.

In April, trade groups representing users of solar panels in six EU member states sent an open letter to De Gucht urging him not to seek duties, saying the prospect of duties on Chinese solar panels had already resulted in cancelled orders.

But EU producers from a range of sectors want protection against Chinese imports, and the European Commission, which handles trade issues for the EU's 27 members is investigating 30 dumping and subsidy cases, 19 of them involving China. ($1 = 0.7649 euros)

(Additional reporting by Philip Blenkinsop and Ethan Bilby, editing by William Hardy)

Source: http://news.yahoo.com/exclusive-eu-propose-duties-chinese-solar-panels-082802240.html

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Audience Development Startup LinkSmart Raises $5 Million From Foundry And Costanoa

A little less than a year ago, a little company called LinkSmart launched to help publishers use text links to get their readers reading more. Now it has raised $5 million in Series B funding to take its technology for growing audiences and make it more widely available. The financing was led by Foundry Group and Costanoa Venture Partners.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/d1IrmUu-bqU/

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