Microsoft preparing cross-platform smart watch; Telekom Austria said to plan capital increase this year

> Microsoft is preparing a smart watch that will work across mobile platforms, and offer two days' battery life under regular usage. Report

> Apple is tipped to report record revenue of $180 billion (€141 billion) for the year to end-September. Article

> Telekom Austria is likely to conduct a planned €1 billion ($1.28 billion) capital increase this year, reports suggest. Article

> UK-based telecoms firm Daisy Group has agreed a £494 million (€624 million/$797 million) takeover deal with a consortium led by its CEO Matthew Riley to take the company private. Article

> China Mobile's profit fell for the fifth consecutive quarter as the operator spent more to encourage subscribers to switch to high-speed data services. Article

And finally…Facebook is not the way for a woman to let a man know she's pregnant and wants to have the child adopted, a U.S. judge ruled. Report