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News

• Intel sets up joint lab with China's Baidu for mobile apps

  Intel is hoping to get more Chinese developers to back its products by forming a new joint innovation lab with the nation's largest search engine Baidu.

• Verizon's $10 million new-ideas contest now accepting submissions

  Verizon Communications is now accepting submissions for a contest in which the company will award US$10 million in prize money to individuals and organizations worldwide that come up with innovative ideas in education, health care and sustainability.

• Reliance's Ambani brothers team up on 4G services rollout

  Reliance Industries and Reliance Communications are sharing infrastructure for the rollout of 4G services in India, apparently ending a dispute between the two Ambani brothers who head the companies.

• Foxconn's Hon Hai still working with Sharp on investment deal

  Foxconn's Hon Hai Precision Industry Co. said it was still committed to buying a stake in Japanese display maker Sharp, and expects an investment could be completed within three months if a price can be agreed on.

• Foxconn deal to become major shareholder in Sharp falls apart

  A deal that would have made electronics giant Foxconn a major shareholder in Japan display maker Sharp has fallen apart, though the companies remain close partners in the complex global electronics supply chain.

• Japan's Fujitsu pays £800M to cut deficit in UK subsidiaries' pension fund

  Fujitsu has paid £800 million (US$1.2 billion) into its pension funds for current and former U.K. employees, and renegotiated cuts to ongoing pension contributions, freeing up cash to grow other areas of its U.K. business, the company said Monday.

• Sharp delays $60 million from Qualcomm as display research falters

  Sharp will postpone a US$60 million investment from Qualcomm that was to come this month, after the two companies were unable to establish test production of a new type of low-power display for mobile devices.

• Qualcomm learning how to incubate new technologies

  Qualcomm has a big, well-funded research and development operation, but its program for commercializing new innovations is still a learning experience for the wireless chip maker.

• Foxconn still in negotiations for Sharp stake, despite Samsung deal

  Taiwan's Foxconn Technology Group said it was still negotiating a deal for greater cooperation with Sharp, despite the Japanese display maker securing a US$110 million investment to supply LCD panels to rival Samsung Electronics.

• Samsung locks up Sharp as long-time screen provider

  Japan's Sharp has secured a US$110 million lifeline investment from Samsung Electronics, and agreed to become a major supplier of screens for the South Korean company's growing electronics empire.

• The hottest startups are targeting the enterprise

  While some of the most successful consumer Internet companies are capturing the headlines today, more than 70 per cent of venture exits in the last two years valued at over $500 million have been in the enterprise sector.

• Intel invests in SDN pioneer Big Switch Networks

  Intel Capital has invested in software-defined networking company Big Switch Networks, as it hopes to help the company change the way data centers are networked.

• Former Atari CEO bids to save his old gaming company from bankruptcy

  Former Atari Interactive CEO Frédéric Chesnais has decided to take a 25.23% stake in the company in a bid to save it from bankruptcy, Atari announced on Tuesday.

• Japan's KDDI invests in UK-based taxi hailing startup

  Hailo, the U.K.-based developer of taxi-hailing mobile apps, has landed fresh investment from KDDI, one of Japan's largest mobile operators.

• AT&T to buy Verizon spectrum for $1.9 billion

  AT&T will buy mobile spectrum in the 700MHz band from Verizon Communications for US$1.9 billion, AT&T said Friday.