Samsung targets emerging smartphone markets

SEOUL (Reuters) – Samsung Electronics unveiled on Wednesday four new smartphone models under its flagship Galaxy line to expand it to the mid to low-end segment and grow in emerging markets, as bigger rival Apple prepares a cheaper version of the iPhone 4.

Exclusive: Groupon taps Citydeal team to boost sales

BANGALORE (Reuters) – No. 1 daily deals website Groupon Inc is turning to executives from Citydeal — the European business it bought last year — to help boost slowing growth in its domestic business, ahead of a planned public listing.

Special report: In Libya, the cellphone as weapon

MISRATA, Libya (Reuters) – When Muammar Gaddafi’s government shut off the cellphone network in Misrata in the early days of Libya’s uprising, it wanted to stop rebel forces communicating with each other. But the power of a modern phone goes beyond its network.

Universal Display to license OLED technology to Samsung unit

(Reuters) – LED maker Universal Display Corp said it will license certain technologies and sell materials to Samsung Electronics Co’s display unit, sending its shares up 29 percent in premarket trade.

China Telecom says still in talks with Apple on iPhone

HONG KONG (Reuters) – China Telecom Corp Ltd, the smallest of the country’s three telecommunications carriers, is still in talks with Apple Inc to carry its iPhone, targeting growth in high-end users.

Exclusive: Apple suppliers building cheaper, 8GB iPhone

TAIPEI/HONG KONG (Reuters) – Asian suppliers to Apple Inc have begun manufacturing a lower-priced version of its hot-selling iPhone 4 with a smaller 8 gigabyte flash drive, according to two people with knowledge of the matter.

Microsoft partners with China firm on cloud-computing

BEIJING (Reuters) – Microsoft Corp has signed a partnership deal with a Chinese firm to develop and market cloud-computing products in China.

S&P upgrades Google stock days after “sell” view

SAN FRANCISCO (Reuters) – Recommendations to unload Google Inc stock are extremely rare on Wall Street. But the latest “sell” rating for the Internet company was so fleeting it existed for just three trading days.