News Headlines - 16 June 2011

▽'Guardian' to cut jobs after £35m loss - The Guardian
Guardian News & Media is poised to announce further annual losses of about £35m next month and will be producing a redesigned and slimmed-down edition of The Guardian newspaper on weekdays, as it looks to save money and put emphasis on its future as a "digital-first organisation".

▽Guardian and Observer to adopt 'digital-first' strategy - The Guardian
The Guardian and Observer lost £33m in cash terms last year, the chief executive of Guardian Media Group has said, as he committed the newspaper group to a "digital-first" strategy in which digital revenues would double to nearly £100m by 2016.

▽Nokia Loses UK Patent Case - Wall Street Journal
The U.K. High Court Thursday ruled a patent held by IPCom was valid, marking a victory for the German technology company in a legal tussle with mobile phone giant Nokia Corp. (NOK)

▽UK mobile giants team up for hi-tech wallet project - Mirror.co.uk
BRITAIN’S biggest mobile networks have set rivalry aside in a bid to boost high-tech bill payments.
Vodafone, O2, and Everything ­Everywhere – which is the owner of Orange and T-Mobile – hope that the joint venture will accelerate the growth of m-commerce.
The business, as yet unnamed, will develop the technology, enabling ­shoppers to pay for goods by tapping their phones on electronic readers.

▽America's new most wanted: Bin Laden's No 2 appointed al-Qa'ida chief - The Independent
Ayman al-Zawahiri has become the world's most wanted man after al-Qa'ida announced that the Egyptian-born surgeon succeeded Osama bin Laden to head the global terror organisation six weeks after the Saudi leader's slaying in Pakistan.







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