Webwire: Apple has more cash than US govt; Telstra submits split plan

Apple has more cash than US treasury

With $76 billion on hand, Apple now has more cash than the debt-laden US treasury, as last-ditch talks over raising the US debt ceiling continue.

Daily Mail

Telstra submits split plan to regulators

Australia's Telstra has submitted to regulators its proposal to structurally separate, and to progressively decommission its copper and fibre networks as it migrates its customers to the National Broadband Network.

Australian Associated Press

Yahoo investors doubt Alibaba value

Yahoo risks alienating its investors after settling a dispute over the online payment arm of China’s Alibaba, in which Yahoo holds a 40% stake.

Wall Street Journal

Foxconn to increase reliance on robots

Taiwan-based manufacturer Foxconn plans to use 1 million robots on its assembly lines within three years - up from just 10,000 today – with the machines to replace an undisclosed amount of workers.

Xinhua

Shareholders due for bumper Vodafone payment

Vodafone will pass the bulk of a forthcoming $4.5 million dividend payment from Verizon Wireless to its shareholders in February. The US carrier is due to make its first payment to Vodafone since 2005 early next year.

Irish Times

Strategy chief latest DT casualty

Deutsche Telekom is replacing chief strategist Francis Deprez as part of a continuing management shake up that will see half the board changed.

Handelsblatt

Nintendo slashes profit forecast 80%

Games console maker Nintendo has cut its profit forecast for the year to end-March by 80%, following poor sales of the 3D version of its hit DS portable gaming device.

Wall Street Journal

Rovio signs China ad partner

Mobile games maker Rovio has partnered with Chinese ad network Madhouse to provide in-app advertising for Angry Birds, once the game makes its official China debut in September.

VentureBeat