Webwire: Apple hit with e-book suit; Nokia slumps on profit warning

The US Department of Justice is suing Apple and five major book publishers – three of which have already settled – accusing the companies of conspiring to fix e-book prices and hamper retailers' ability to offer discounts.
 
Shares in Nokia slumped nearly 16% after the company revealed it expects to report a 3% decline in operating margin for the first quarter, compared to its previous guidance of between a 2% decline and a 2% increase.
 
UK satellite broadcaster BSkyB will offer its customers free, unlimited Wi-Fi access on iOS and Android devices through Wi-Fi subsidiary The Cloud.
 
Google has revamped its Google+ social network, adding customizable navigation tools and making a series of visual tweaks, in its latest attempt to draw users from Facebook.
 
Australian regulator ACMA has released the draft set of rules for an auction of 700-MHz and 2.5-GHz digital dividend spectrum, scheduled for November.
 
MPAA chairman Christopher Dodd has told Bloomberg Television that he believes the controversial US antipiracy bill SOPA to be “dead,” and conceded that the act “went further than it probably should have.”
 
Saudi Telecom Company (STC) still aims to boost its overseas revenue until it accounts for half the company's total income, despite its failed attempt at entering the Syrian market last month.
 
 

 

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