India's Reliance Communications Reports Profit Drop (PC World)

PC World - Reliance Communications, India’s second largest mobile services provider, added 11.3 million new mobile subscribers in the first quarter of this year.

Phones weigh down Ericsson as profits slide 30% (AFP)

AFP - The world leader in mobile phone network equipment Ericsson on Thursday posted a 30-percent drop in profits, weighed down by its mobile phone unit, but said the impact of the global economic downturn was “limited.”

OWC offers SuperDrive upgrades for MacBook, 15-inch MacBook Pro (Macworld.com)

Macworld.com - Other World Computing (OWC) on Thursday announced new Mercury internal SuperDrives for Apple’s “non-Unibody” 13-inch MacBook and 15-inch MacBook Pro. Kits are available starting at $148.

EA reveals Sims 3 online feature set (Macworld.com)

Macworld.com - Electronic Arts (EA) on Thursday revealed the online features of its forthcoming Mac and PC game The Sims 3. The game will be released worldwide on June 2nd, and is coming to Mac, PC, the iPhone, iPod touch and mobil devices.

Yahoo's Yang gets $1 in rocky final year as CEO (AP)

AP - Yahoo Inc. limited co-founder Jerry Yang’s 2008 compensation package to his customary $1 salary during his final year as chief executive, a tumultuous reign that unraveled after he rebuffed Microsoft Corp.’s $47.5 billion bid to buy the Internet company.

Britney Spears extends "Circus" tour to Europe (Reuters)

Reuters - Singer Britney Spears has extended her “Circus” concert tour to include a dozen European shows taking her from London to Russia, the pop star’s representatives said on her Web site on Wednesday.

UK’s ITN Signs Ad Deal For Free iPhone News App (paidContent.org via Yahoo! Finance)

The UK’s most-downloaded free iPhone news app is about to start making some money: British news agency ITN has signed up 4th Screen Advertising to sell ads on the app, which sits at the top of Apple’s free news app chart in the UK less than two months after its launch. 4th Screen, part of Mobile Interactive Group, says the 12-month deal takes its iPhone ad network to more than 10 million monthly …

Apple Building Its Own Chip For iPhone? (paidContent.org via Yahoo! Finance)

When news surfaced that Apple had hired Bob Drebin, former CTO of chipmaker AMD’s Graphic Products Group, it kicked off speculation that the iPhone maker is planning on designing its own chips.

Open source biz apps coming to the cloud (InfoWorld)

InfoWorld - There’s open source software, then there’s the cloud, and thus far, the two have been mutually exclusive. But that is starting to change.

Ericsson first-quarter core profit weak (Reuters)

Reuters - Swedish telecom gear maker Ericsson posted weaker-than-expected underlying earnings, hit by a slumping global mobile phone market and cutbacks in investments by operators.

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