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    Mexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent representations that caused it to lose $2.5 billion in profits. The lawsuit, filed in federal district court in New York, centered on a contract that Iusacell said IBM (IBM) induced it to enter into in Mexico.

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    Bazaarvoice's (BV) $9 million acquisition of FeedMagnet may help the online customer review network expand its services to social media such as Instagram, Pintrest, Facebook (FB), and Twitter, The deal also marks a new strategy for Bazaarvoice (BV) after the Department of Justice fought the company's acquisition of competitor PowerReviews.

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    The Hartford has signed a $500 million, six-year cloud deal with IBM (IBM) as the tech giant doubles down its efforts to tap into enterprise cloud dollars. The Hartford, Conn.-based financial services firm will move to a private cloud infrastructure based on IBM's PureFlex System technology.

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    * "Traderspeak" incomprehensible to most people. * Firms developing software to detect dubious activity. * Programme can scan billions of communications. By Jamie McGeever. "What's your interest in Bill and Ben in the pick?"

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    Mexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent representations that caused it to lose $2.5 billion in profits. The lawsuit, filed in federal district court in New York, was heavily redacted, leaving many of the claims unclear.

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    Mexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent representations that caused it to lose $2.5 billion in profits. The lawsuit, filed in federal district court in New York, was heavily redacted, leaving many of the claims unclear.

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     EMC was falling 1.1% to $26.63 in following the recent downgrade of data storage competitor NetApp (NTAP), UBS downgraded NetApp (NTAP) to "neutral" from "buy," saying "The outlook for storage spending continues to look mediocre as users pause and consider their alternatives. According to Seeking Alpha, EMC investors are concerned about the firm's commentary about NetApp.

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     Alcatel-Lucent (ALU) was gaining 1.1% to $3.62 Wednesday after announcing that Finnish wireless carrier and ISP Elisa will upgrade its network with the company's wireless network equipment. The company's said they will deploy the "industry's most advanced end-to-end IP/MPLS network solution" as part of the network upgrade.

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     Yahoo (YHOO)! Just after market open, shares had spiked 6.9% to $36.56. Over the three months to March, the company reported first-quarter earnings of 38 cents a share, a penny higher than analysts surveyed by Thomson Reuters (TRI) had expected. In a post-earnings conference call after the bell Tuesday, Yahoo (YHOO)! Alibaba is expected to file for an initial public offering on U.S. markets later this year.

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    Tuesday's one-day sale of Google Glass, Google's (GOOG) much-anticipated wearable tech device, was apparently popular enough to close the company's Explorer Program -- for now. Google (GOOG) announced on its Google Glass Web site that it is currently "out of spots" for said-explorers but "may have more to share soon."

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    Intel (INTC) beat Wall Street's first-quarter earnings estimate on Tuesday, lifted by growth in its data center business and signs of improvement in the PC market. Analysts focused plenty of attention on Intel's (INTC) gross margin in a flurry of notes released on Wednesday morning. Jefferies raised its Intel (INTC) price target to $35 from $32 on Wednesday, citing the chip giant's gross margin strength.

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    The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Twitter Inc said on Tuesday that it bought social data provider Gnip for an undisclosed amount, signaling that it would take on a new role of packaging and selling data, a service in demand by business and government.

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    Updated from 12:22 p.m. to include thoughts from Topeka Capital Markets analyst.  Google (GOOG) reports first-quarter earnings after the close, and all eyes will be on whether cost-per-click, a key advertising metric, will start to turn around.

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    Mexico's telecommunications regulator IFT set an 830-million-peso minimum price for new free-to-air television channels, the agency said in a statement Wednesday. The regulator announced in March plans to auction two new free-to-air channels following a major sector overhaul passed last year aimed at boosting competition in the market.

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    * Telco candidate Recchi gets chairman job with 97 pct of votes. * Controversial rules give Telco 10 out of 13 board seats. * Dissident investor supports board but remains vigilant. * CEO can focus on business, may face hard choices in Brazil. By Danilo Masoni and Stefano Rebaudo.

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    Updated from 10:51 a.m. to include additional analyst thoughts in the ninth paragraph. NEW YORK -- First-quarter earnings at Yahoo (YHOO)! Yahoo (YHOO)! Analysts surveyed by Thomson Reuters (TRI) expected Yahoo (YHOO)! Piper Jaffray (PJC) analyst Gene Munster noted that user metrics are starting to turn around for Yahoo!, but there's still plenty of work to do. Much of the complaint has been made that Yahoo!