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    IBM Corp on Wednesday blasted a lawsuit filed by Mexican mobile phone operator Iusacell against the U.S. technology company as a "transparent attempt" to avoid complying with contractual obligations. IBM (IBM) said in a statement that Iusacell has failed to pay IBM Mexico what it is owed under the contract.

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    AT&T Inc (T) might sit out a major U.S. auction of airwaves if regulators adopt rules that reserve some of the spectrum for smaller rivals, the No. 2 wireless company said in a filing released on Wednesday. The Federal Communications Commission recently drafted some of the rules for the highly complex auction scheduled for 2015.

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    Yahoo (YHOO)! Yahoo (YHOO)! Video is one of the Sunnyvale, Calif.-based company's four key areas of business, which also includes mobile, social, and native. "We are really encouraged by the progress we saw in Q1," Mayer said. "For example, in the past, Yahoo (YHOO)! Mayer also noted Yahoo (YHOO)! A report earlier this month by The Wall Street Journal suggested Yahoo (YHOO)! The Journal said that Yahoo (YHOO)! While Yahoo!

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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.