LG returns to profit after 3 quarters in red
LG Electronics revealed that its Q2 profit slumped 87.3% year-on-year to 108.4 billion won ($102.8 million) – but this still represents a return to the black after three straight quarters of net losses.
Apple plans face recognition API for iOS 5
Apple plans to provide facial recognition capabilities in a developer API for iOS 5, paving the way for the feature to be integrated into third-party apps.
TPSA triples second-quarter profit
Telekomunikacja Polska (TPSA) has reported a threefold increase in Q2 profit to 995 million zloty ($358.4 million) on proceeds from last year's sale of broadcasting unit Emitel, and revealed plans to use half the proceeds from this sale to buy back shares.
LulzSec spokesman nabbed, police claim
Metropolitan Police have arrested a man suspected of being the spokesperson for hacker group LulzSec, marking the third UK arrest in the LulzSec investigation.
Vodafone said to near deal for Turkish telco
Vodafone is close to a deal to augment its existing Turkish mobile operations by acquiring local fixed line service provider Koc.net from parent Koc Holdings, sources say.
Ceglia loses new law firm in Facebook case
Yet another law firm has withdrawn its representation for Paul Ceglia in his legal battle over ownership of Facebook. Four firms have now dropped the case.
US DoJ grills Google for more Admeld M&A info
The US Justice Department has requested more information from Google about its proposed $400 million acquisition of display ad firm Admeld, as well as more time to investigate potential antitrust issues.
Vod Essar, Idea said to raise tariffs in India
It hasn't taken long for rivals to follow India's Bharti Airtel's lead and raise tariffs, if industry sources are to believed - Vodafone Essar and Idea Cellular are claimed to have both raised prepaid tariffs by up to 20%.