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Source: http://www.mobiletechreview.com/ubbthreads/showflat.php?Board=news&Number=45077
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Monday, August 5, 2013
Bottom line: Apple vs. Samsung
Source: Asymco.com
FORTUNE -- If anyone can draw a picture that puts to lie Strategy Analytic's claim -- widely reported in the tech press?-- that Samsung has become the world's most profitable smartphone vendor, Horace Dediu can.
The chart above was adapted from That Competition Thing, a post on his Asymco.com blog that compared the top and bottom lines of Apple (AAPL), Amazon (AMZN), Google (GOOG), Microsoft (MSFT) and Samsung.
Dediu's bottom line on Apple v. Samsung: "Apple remains most profitable phone maker by a wide margin."
Below: Dediu's revenue charts for the two companies by segment and product line.
Source: Asymco.com
See also:
Source: http://feedproxy.google.com/~r/rss/money_topstories/~3/ToX-WLQNjTg/
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Sunday, August 4, 2013
Possible Tornado Causes Damage in Montana
Strong thunderstorms that moved across Montana left a trail of damage to crops and buildings along with downed trees and power outages.
The worst damage from Thursday's storm may have occurred in Gallatin County, where winds gusting up to 89 mph devastated wheat and barley crops that likely would have been harvested next week, Montana Grain Growers Vice President Matt Flikkema said.
"I've never seen crop damage to the extent we have here in the valley," Flikkema said Friday. "There are very little crops that will be harvested out of the area."
Flikkema said the damage could approach $50 million, even without taking into consideration what happened to 5,000 acres of potatoes.
Most of the grain crops are used for seed, meaning there could be a shortage of seed to plant next year, he said.
The storm started in southwestern Montana, where wind gusts up to 104 mph were recorded in Polaris, northwest of Dillon, causing major damage to homes and some trees, the National Weather Service reported.
Betty Barnes of Polaris said she lost several trees, including a big one that fell near her driveway.
"I said to myself, 'Well, thanks, God, for the firewood and for protecting my house,'" Barnes told The Montana Standard.
Strong winds and possibly a tornado caused severe damage in Twin Bridges, uprooting trees and blowing the roof off at least one building.
A weather service representative was expected to visit Twin Bridges on Friday to determine if a tornado had touched down, said Steve DiGiovanna of Madison County Disaster and Emergency Services.
Some falling trees damaged historic buildings, including the museum, and the roof was ripped off a veterinary clinic outside of Twin Bridges. An airport hangar was destroyed, a travel trailer was crushed by falling trees, and a grandstand at the Madison County Fairgrounds was flipped over and destroyed, he said.
Twin Bridges Mayor Tom Hyndman said the wind also uprooted a large spruce tree that is decorated every year for the town's Christmas Stroll.
Golf-ball sized hail fell across much of Belgrade and the northern part of Bozeman, the weather service reported.
NWS meteorologist Todd Chambers of Billings said the storm began in the southwestern part of the state Thursday afternoon and moved east, causing damage as far away as Billings.
The "long-lived, long-path" storm was unusual for this time of year, he said.
In eastern Montana, a funnel cloud was reported near Acton, northwest of Billings, where at least four mobile homes were destroyed and at least three more were damaged by apparent straight-line winds gusting up to 90 mph.
The Billings Gazette reports the wind picked up two of the trailers in a trailer park, with one of them being tossed into a neighboring trailer.
Duane Cowdin lost his garage to the storm, which he said scattered debris "from hell to breakfast."
Cowdin said a neighbor's horse was spooked by the storm, got tangled in barbed wire and had to be put down because its leg was so badly damaged.
There was another unconfirmed report of a tornado in Broadview, Chambers said.
Golf-ball-sized hail was reported in parts of Billings, as well. A tree on the West End caught fire after being struck by lightning.
The storm knocked out power along its path and crews were still working Friday morning to restore service.
A second set of storms moved through the Helena. Over an inch of rain fell in a swath, moving northeast from an area near the city through eastern Chouteau County, the weather service said.
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'Jeopardy!' kid's loss sealed by spelling error
TV 
5 hours ago
Spelling counts, kids. Especially on "Jeopardy!" it seems. And that's the hard lesson one young player learned this week on the "Kids Week" version of the long-running game show.
Newtown, Conn.'s Thomas Hurley had to know his chances of taking home first place were slim: He went into Final Jeopardy with just $9,600 ? a nice second place, but compared to the first-place leader Skyler Hornback, of Sonora, Ky., who had $36,600, it was a pittance. It was going to take a big bet on Hurley's part and/or a big loss on Skyler's part to pull this one off.
Then host Alex Trebek read the question: "Abraham Lincoln called this document, which took effect in 1863, 'a fit and necessary war measure.'"?
The good news: Hurley had the right answer. Well, mostly. When the answers were revealed (third placer Shuli Jones of Toronto, Ont. wrote "the second amendment," which was wrong), Hurley's answer came up: "What is the Emanciptation Proclamation." Right answer, wrong spelling of "Emancipation."
And while the "Jeopardy!" judges have been known to let small spelling errors go, that was not the case in this instance. Hurley lost, and can clearly be seen mouthing the word "What?!" before hanging his head in disappointment.
Even worse, he then had to watch as Hornback ? who had already been mentioned as a big Civil War buff ? not only got the answer right, he spelled it right and bet big: $30,000. He ended up with $66,600 ("almost a one-day record for 'Jeopardy!'" gushed Trebek).
For anyone who's ever tried, becoming a contestant on "Jeopardy!" is no cakewalk. To make it onto "Jeopardy!" and get to second place in the final round and lose ? even in part ? based on a single letter, well, that's heartbreaking.?
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Saturday, August 3, 2013
Debunking 10 Myths in the NBA Today
Chris Bosh might be a little bit overrated.
To suggest that he wouldn't be able to average somewhere in the neighborhood of 20 points and 10 rebounds while being more of a focal point on a team not named the Miami Heat, however, is completely unfair.?
Though Bosh's scoring numbers have dipped on an annual basis since averaging 24 points during his final season with the Toronto Raptors in 2009-10, he has become a more efficient scorer with the Heat.
As the third option for Miami, Bosh improved to a career-high field-goal percentage of 53.5 percent during the 2012-13 campaign.
It stands to reason, according to the laws of simple math, that Bosh's scoring average would improve he attempted more shots at that efficiency number.
Bosh's rebounding production, however, is admittedly more difficult to defend. While playing the center position for Miami last year he averaged 6.8 rebounds per night.
Though a player of his skill and athleticism shouldn't be quite that low, matching up against opposing centers has contributed to his inability to get on the glass as much as he's used to while matched up at his more natural position of power forward.
Source: http://bleacherreport.com/articles/1723291-debunking-10-myths-in-the-nba-today
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Friday, August 2, 2013
German publishers opt to remain in Google News, still expect to get paid
Google said last month it would require German publishers to opt-in if they wanted to continue to be featured on Google News. The AP is now reporting that several have decided to remain on the service, including Spiegel Online, Zeit Online and Springer AG. Publishers have long been pushing for the government to change the law so news aggregators would have to pay for the content they scrape. A new copyright law does come into effect today limiting how much info aggregators are allowed to borrow for their feeds, and to avoid any legal scuffles, Google decided an opt-in policy was safest. This may not be the end of the company's troubles with publishers in the country, however, as Springer AG has said "it still expects to receive money from Google eventually."
Source: AP
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Citigroup to pay $10.75 million in arbitration
(Reuters) - Citigroup Inc
FINRA, Wall Street's industry-funded watchdog, also ordered Edward Mulcahy, a former Citigroup broker, to pay $250,000 to the investor, John Leopoldo Fiorilla, according to a July 30 ruling.
Mulcahy left the New York based lender in 2009 and is currently employed with Morgan Stanley.
FINRA did not release details of how it came to its ruling, as is typical of securities arbitration decisions.
(Reporting By Neha Dimri in Bangalore)
Source: http://news.yahoo.com/citigroup-pay-10-75-million-arbitration-204301071.html
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Watch: Tornado trashes streets in Italy as cameras roll
Two photographers in Milan, Italy somehow managed to escape serious injury when a tornado roared literally right next to them as they had their cameras rolling.
Reports are that 12 people were hurt but thankfully no one was killed when the tornado touched down on Monday.
The videos show the incredible debris that this tornado was carrying along for the ride.
The first one was taken by someone who had the tornado come down his street -- you can actually see a bit of the tornado about 1:30 in:
This next one appears to be shot from an office and shows the grave danger tornadoes pose from flying debris. It gets really intense in the moments before the video ends and I?can't believe how those windows survived -- at least up through when the video stops... we don't have the epilogue:
Here is another that shows the danger from flying debris:
This last one shows the funnel and the destruction in the aftermath:
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Monday, July 29, 2013
'Under the Dome' renewed for a second season
TV 
4 hours ago
Ty Matteson / CBS
"Under the Dome," CBS' massive sci-fi summer hit, was renewed for a second season, the network announced Monday.
Stephen King, who wrote the novel upon which the serialized drama was based, will pen the first of 13 new episodes, premiering in summer 2014.
Starring Mike Vogel and Rachelle Lefevre and executive produced by Steven Spielberg, the series centers around a small town suddenly trapped beneath a mysterious transparent dome. And within the supernatural bubble, the residents of Chester's Mill, Maine, are also hiding dark secrets of their own.
?We?re excited to tell more stories about the mystery of the dome and the secrets in Chester's Mill, and are thrilled to have the master storyteller himself, Stephen King, tell the first one of next season,? said CBS Entertainment President Nina Tassler in a statement.
When asked about sustaining the mystery without frustrating viewers, CBS boss Les Moonves compared "Dome" to the network's other event series, "Hostages."
"We didn't put it on to just have 15 episodes ? we put it on to have multiple seasons of it. Why can't they be under the dome a long period of time? This is television," he joked with reporters at the Television Critics Association's summer press tour Monday. "This is science fiction.
" 'Under the Dome' in a lot of ways is a soap opera: It's 'Dallas' in the future," added Moonves, referring not to remake, but the original "Who shot J.R.?" 1980s phenomenon.
"Dome's" renewal is one of the least surprising network pickups of the year, considering its astronomical ratings. Its Monday night broadcast has averaged more than 13 million viewers and given the network its first win in the 18-49 demo in 20 years. It also has attracted an impressive online audience and is Amazon's No. 1 streaming series.
Source: http://www.today.com/entertainment/under-dome-renewed-second-season-6C10784613
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Oil Spill In Thailand - Business Insider
Associated Press
BANGKOK (AP) ? Black waves of crude oil washed up on a beach at a popular tourist island in Thailand's eastern sea despite attempts to clean up the oil up over the weekend after it leaked from a pipeline, officials said Monday.Tourists on Samet island were warned to stay away from the once-serene beach, marred by inky globs as hundreds of workers in white jumpsuits labored to scrape the sand clean and remove oil from the water.
About 50 tons of oil spilled into the sea off Rayong province on Saturday morning from a leak in the pipeline operated by PTT Global Chemical Plc, a subsidiary of state-owned oil and gas company PTT Plc.
The leak was the fourth major oil spill in the country's history, Energy Minister Pongsak Raktapongpaisal said.
Streaks of crude oil about 300 meters (1,000 feet) wide marred the shore of Prao Bay on Samet Island, one of the most popular beach destinations for Thai and foreign tourists in the Gulf of Thailand, Rayong Deputy Gov. Supeepat Chongpanish said Monday.
He said authorities closed the bay as 300 workers attempted to remove the oil from the white beach and the water.
"The top priorities right now are to get rid of the oil on the sand and the seawater, and to make sure the spill doesn't spread to other shores," Supeepat said. "This is a very beautiful, white, sandy beach, so we want to make the spill go away as soon as possible."
"The black waves started rolling in since last night and by the morning the beach was all tainted with oil," said Kevin Wikul, the assistant front desk officer at a resort in Prao Bay. "We have advised our guests against going near the beach and some of them have asked for early check-outs."
The nearby area has been declared a disaster zone by provincial authorities, and those affected by the spill will receive immediate assistance.
The company said it detected a leak when crude oil from a tanker moored offshore was being transferred to the pipeline, 20 kilometers (11 miles) from a refinery in Map Ta Phut, one of the largest industrial estates in Southeast Asia.
The company said in a statement Sunday that it has flown in oil spill management experts and a plane from Singapore to remove the crude oil. Thai navy vessels also joined the cleanup efforts.
Authorities said it would take some time to assess the environmental damage.
"The spill is definitely having an impact on the environment, but we have not detected any deaths of marine animals yet at this point," provincial Gov. Wichit Chatphaisit said. "PTT will have to take responsibility for the damage this has caused."
He said pollution control department officials had expressed concern about the effects of the chemical used to clean up the spill.
PTTGC apologized for the incident and said the cleanup will likely be completed within three days.
"We acknowledge this incident has damaged our reputation and we will not let it happen again," CEO Anon Sirisaengtaksin told a news conference.
In 2009, another PTT subsidiary was involved in the Montara oil spill, one of Australia's worst oil disasters, in the Timor Sea off western Australia.
Source: http://www.businessinsider.com/oil-spill-in-thailand-2013-7
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Saturday, July 27, 2013
Church of England indirectly invested into Wonga
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Source: www.myfinances.co.uk --- Friday, July 26, 2013
The Church of England has faced an embarrassing blow after it emerged that it may have indirectly invested in online lender Wonga. ...
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Squirrel Infected With Plague Closes California Campgrounds
A squirrel infected with the plague forced the closure of campgrounds near Los Angeles, California. Officials announced that the evacuation and closure was a precaution after the rodent was trapped during a routine check.
No one in the area is believed to have been infected with the plague, also known as the Black Death. The disease is a bacterial infection and was responsible for killing up to 25 million Europeans in the Middle Ages.
Despite its ancient roots, the disease is still present in today?s society. However, it poses a smaller threat due to better hygiene and antibiotics. The BBC reports that the disease can be transferred from animals to humans through the bites of infected fleas.
Officials will test more squirrels in the area before it is re-opened to the public to make sure the infection hasn?t spread. Jonathan Fielding, director of the Los Angeles County Department of Health added that agriculture workers will also dust squirrel burrows to reduce the flea population.
Reuters notes that Fielding added, ?It is important for the public to know that there have only been four cases of human plague in Los Angeles County residents since 1984, none of which were fatal.?
And if Fielding?s assurances aren?t enough, the US Centers for Disease Control and Prevention notes that about seven cases of the plague are reported each year in the United States. Much less than 24 million. The disease is fatal if not treated with antibiotics.
The health department added that the plague has been known to infect animals in the San Gabriel Mountains, particularly the squirrel population. Previous checks have identified five squirrels carrying the Black Death since 1996.
The most recent plague-ridden squirrel was trapped on July 16. The routine test showed on July 23rd that the squirrel was infected. There is no word on what happened to the furry creature.
Are you surprised to hear the plague still exists today?
[Image via ShutterStock]
Comments
Source: http://www.inquisitr.com/870733/squirrel-infected-with-plague-closes-california-campgrounds/
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Friday, July 26, 2013
Google Wallet For Gmail Invites Start Rolling Out To More Users
In May, Google announced that its online and mobile payments solution Google Wallet would be integrated within Gmail in the coming months, but no exact time frame for the rollout was given. Now, it appears as if more users are gaining access to the Google Wallet in Gmail feature, as invitations are hitting Gmail inboxes.Source: http://feedproxy.google.com/~r/Techcrunch/~3/d43LvzbfP4o/
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Video: Bernstein: Economy still getting better
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Source: http://www.nbcnews.com/video/cnbc/52575085/
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Thursday, July 25, 2013
Google reportedly testing Helpouts: professional services through Hangouts
There's no question that Google Hangouts can be helpful; wouldn't it be nice to get cash for hosting them? Google may be sympathetic to that idea. TechCrunch claims that the search firm is testing Helpouts, a service that would let most anyone book Hangouts that optionally require fees. The appointment system would lean on Google Wallet for transactions, and it would divide chats into categories such as repair (think tech support) or education. Don't assume that you'll be starting a side business just yet, though. Helpouts reportedly entered internal testing in late June, and any public launch would be "at least a month away" -- if it happens at all, that is. We've reached out to Google for answers, so we'll let you know if and when it's time to start charging for online conversations.
Source: TechCrunch
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/up6aEUBSsdU/
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Richard Kirsch: Where's the Beef?: The First Thing Obama Can Do By Himself to Create Good Jobs
I am of course glad to see President Obama focus the country on what he correctly identifies as the most pressing national problem, the crushing of the middle class. The solution he laid out in his address at Knox College, a middle-out economics which sees the middle class as the engine of the economy, is both good economics and a powerful political message. It is what progressives and Democrats need to keep emphasizing over and over again, both rhetorically and in their legislative agendas.
When it came to the broad foundations of policy, the president's outline of the pillars of a strong middle class was on point: good jobs, quality education and job training, affordable health care, good housing, retirement security, and strong neighborhoods.
Still, I found the speech disappointing. The president only nibbled at the biggest change in our economy, the relentless decline in good jobs.?
Not that the president didn't correctly identify the issue. Early in his address he explained, "The link between higher productivity and people's wages and salaries was severed - the income of the top 1 percent nearly quadrupled from 1979 to 2007, while the typical family's barely budged." He went on to acknowledge that even as the economy recovers, the earnings of the average worker are down.
But when it came to further analysis or solutions, the speech was thin. He did repeat his call for an increase in the minimum wage and remind the public that the Affordable Care Act will provide coverage for people who don't get health insurance at work. However, his solutions made assumptions that ignore the profound changes in the economy that have undermined job quality.
A good lens for this is his discussion - really lack of discussion - about the role of unions, which he only mentioned by commenting, "It became harder for unions to fight for the middle class." A great example of using the passive voice to avoid explaining that unions were not decimated by an act of nature, but by a concerted attack by corporations and the right, backed by government policy.
The president pointed out that "The days when the wages for a worker with a high school degree could keep pace with the earnings of someone who got some higher education are over." But why did workers with just high school educations used to get paid well? Because they organized unions through which they fought together for better wages.?
Today, most of the new jobs being created are low-wage jobs with no benefits, which also don't require more than a high school education. If these workers were enabled - with the help of modernized labor laws and aggressive enforcement of the labor laws now on the books - to organize, they too could win decent wages and benefits. The president talked about global competition as an explanation for job loss, but that's not an issue for the service industries that employ most low-wage workers.
It is also no longer true that another of the president's pillars, education, will mean more good jobs. The fact that a higher proportion of Americans have a college education than ever before has not stopped the deterioration of job quality. In the new economy, college grads have maintained low unemployment by taking jobs that they are overqualified for, upping joblessness among Americans who aren't college grads.
Even the president's assumption that creating more manufacturing and infrastructure jobs will mean more good jobs is not as solid as it has been in the past. While most of these jobs are decent, they pay less than before. For example, newly hired auto workers make a fraction of what the industry historically paid; it would take two new auto worker jobs to support a family at the same middle-class level as the workers paid at traditional rates. More broadly, the drop in unionization in manufacturing and construction, one cause among many of the overall downward pressure on wages, means job quality in traditional good job sectors is declining.
A middle-out economy must be anchored by good jobs.? There are clearly huge legislative challenges to winning a good jobs agenda, which would include robust labor law strengthening, updated labor standards that guarantee paid sick leave and family leave, and enforcement of the labor laws already on the books. But the president doesn't have to wait for Congress to provide better jobs for millions of workers and set a new example for the country.
In his speech, Obama promised, "Whatever executive authority I have to help the middle class, I'll use it." That's great. He can start with an executive order to boost job quality for at least two million workers whose pay is financed by the federal government.?
The federal government has a history, by legislation and executive order, of protecting wages for workers paid for with federal funds. However, the prevailing wage protections put in place over the three decades from the 1930s to the 1960s now cover only 20 percent of federally funded private-sector work. Even for those workers still covered, wage rates can be little higher than the federal minimum. According to a recent study by Demos, the federal government now funds over two million jobs paying under $12 per hour -- more than Wal-Mart and McDonald's combined -- in such industries as food, apparel, trucking, and auxiliary health care.
In another report on the federal contract workforce, the National Employment Law Project (NELP) interviewed over 500 contract workers and found that 74 percent are paid less than $10 per hour and 58 percent receive no benefits from their employer. The NELP report includes one gripping story after another of workers like Lucila Ramirez, who, after 21 years as a janitor at the federally owned Union Station, earns $8.75 an hour.
A presidential executive order could directly help Lucila and the millions like her who manufacture uniforms for our military, care for our elders under Medicare, work as security guards at federally leased buildings, or are laborers on federally funded construction projects. The order would require that jobs financed by federal funds require living wages (not just minimum wage or prevailing wage in a low-wage sector), paid sick days, and prohibitions against employers fighting unionization.
I am looking forward to the president spending "every minute of the 1,276 days remaining in [his] term to make this country work for working Americans again." He can start by backing up great lines like that with an executive order for the millions of hardworking Americans whose pay comes from the government he leads.?
Cross-posted from Next New Deal
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Huge Dinosaur Tail Discovered in Mexico
A giant dinosaur tail has been uncovered in northern Mexico, paleontologists announced this week.
The well-preserved tail measures about 16 feet (5 meters) long, contains 50 vertebrate, and seems to have belonged to a hadrosaur ? a duck-billed dino that lived about 72 million years ago. Hadrosaurs grew to be about 40 feet (12 m) long, so the tail would have taken up just under half the length of its body.
Buried within sedimentary rock in the desert region of Coahulia, this is the first intact dinosaur tail of this size to be discovered in Mexico, and only one of a handful that has been discovered around the world, according to a statement from the Mexican National Institute for Anthropology and History (INAH). Back in 2008, archaeologists reported the discovery of another hadrosaur, dubbed Velafrons coahuilensis, found in Coahulia. That specimen likely belonged to a juvenile dinosaur; even so it the youngster would have been 25 feet (7.5 m) in length, suggesting V. coahuilensis adults grew to a whopping 30 to 35 feet (9 to 10.5 m) long. [Gallery: Gorgeous Dinosaur Fossils]
A group of locals discovered the fossil in June 2012. Paleontologists with INAH and the National Autonomous University of Mexico spent about a year surveying the area, and began their excavation on July 2.
The team has uncovered other bones from this dinosaur aside from tail vertebrae along the way, ?including its hip bone, and believes that more of the animal could be buried deeper within the rock. They originally planned to dig a plot 10 feet by 20 feet wide (3 by 6 meters), but have since decided to expand to 13 feet by 26 feet (4 by 8 meters) to follow the sprawling orientation of the bones, said excavation-leader Felisa Aguilar in a statement.
Aside from providing a valuable addition to the world's limited collection of intact dinosaur fossils, the team hopes their findings will help explain the mechanics of how hadrosaur tails moved, said team member Angel Ramirez Velasco from the National Autonomous University of Mexico in a statement.
The bones will be transported in separate parts to the city of General Cepeda, where they will be cleaned and analyzed in further detail.
Follow Laura Poppick on Twitter. Follow LiveScience on Twitter, Facebookand Google+. Original article on LiveScience.
Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Source: http://news.yahoo.com/huge-dinosaur-tail-discovered-mexico-165753981.html
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Wednesday, July 24, 2013
Apple's 3Q earnings sag, but top Street estimates
SAN FRANCISCO (AP) ? Apple's latest quarterly report confirms the iPhone maker's growth has stalled along with its pace of innovation.
The results announced Tuesday mark the second straight quarter that Apple Inc.'s earnings have fallen from the previous year after a decade of steadily rising profits. The company earned $6.9 billion, or $7.47 per share, in its fiscal third quarter, a 22 percent drop from $8.8 billion, or $9.32 per share.
Despite the erosion, Apple fared slightly better than analysts had anticipated. That helped lift Apple's stock by $22.01, or more than 5 percent, to $441 in extended trading after the financial results came out. The shares remain down by more than 35 percent since the latest model of the iPhone came out 10 months ago.
Apple's revenue for the three months ending June 29 barely budged from last year. That's the smallest revenue increase since the Cupertino, Calif. company unleashed a mobile computing revolution with the iPhone's debut six years ago.
Apple hasn't released another breakthrough product since the iPad came out three years ago, raising concerns the company has lost its touch since the October 2011 death of founder Steve Jobs.
The earnings topped the average estimate of $7.31 per share among analysts surveyed by FactSet.
Revenue totaled $35.3 billion versus $35 billion a year ago. Analysts had projected that revenue would be unchanged from a year ago.
As usual, Apple was propelled by its iPhone sales. The company sold 31.2 million units in the quarter, a 20 percent increase from the same time year ago.
But many people were evidently buying the earlier generations of the smartphone, which cost less than the latest model and generate smaller profit margins for the company. IPhones sold for an average of $581 in the past quarter, down from an average of $608 a year ago.
The same phenomenon squeezed Apple's profits with the iPad. To make matters worse, the company sold 14 percent fewer tablets ? 14.6 million in the past quarter compared with 17 million a year ago.
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GlaxoSmithKline admits China executives bribed doctors for boosting sales
China National News (ANI) Tuesday 23rd July, 2013
GlaxoSmithKline (GSK ) has acknowledged that some senior employees in the firm were allegedly involved in a bribing scandal of doctors prescribing the firm's drugs in China.
According to the BBC, senior executives in GSK's China office appeared to have been using travel agencies to bribe government officials, doctors and hospitals in order to boost sales and prices of their drugs.
GSK is now co-operating with a Chinese investigation into the probe and several GSK employees have been detained by the Chinese police, the report added.
GSK's British head of finance in China, Steve Nechelput, has been subjected to a travel ban since the end of June. (ANI)
Source: http://www.chinanationalnews.com/index.php/sid/216002587/scat/9366300fc9319e9b
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