Current Affairs For Bank, IBPS Exams - 03 May, 2014

Current Affairs For Bank, IBPS Exams

03 May, 2014

Online media and boosting revenue

Online media sites could boost revenue with the right balance of how much content should be free and how much goes behind a paywall, a new research by an Indian-origin scientist, has found.
It was found that a flexible approach could improve revenue for news and sports websites and still make customers happy.
The industry norm is to follow a static rule regarding free content. Companies should flexibly adjust the amount of paid content they offer.
At ESPN.com, for example, they could increase revenue by offering more free content during a sports season and more paid content in the off-season.
That's because customers in the off-season are more die-hard fans who put a higher value on news and are willing to pay for content.
The important implication for managers is that firms should consider how the willingness to pay for their content can fluctuate as they evaluate whether to charge for it.

Portugal Open final

Sania Mirza alongwith her doubles partner Cara Black stormed into the finals of the Portugal Open with a straight-set victory over third seeded American pair of Liezel Huber and Lisa Raymond in Oeiras.
Continuing their fabulous run, the top seeded combo of Sania and Cara took an hour and 14 minutes to get the better of their American rivals, 6-4 6-3 at the $250,000 clay court event.

Samsung infringed patents of Apple?

A California jury awarded Apple $119 million far less than it demanded in apatent battle with Samsung over alleged copying of smart phone features, and the jury made the victory even smaller by finding that Apple illegally used one of Samsung’s patents.
The verdict was a far cry from the $2.2 billion Apple sought and the $930 million it won in a separate 2012 trial making similar patent infringement claims against older Samsung products, most of which are no longer for sale in the United States.
The jury found that Apple had infringed one of Samsung’s patents in creating the iPhone 4 and 5. Jurors awarded Samsung $158,400, trimming that amount from the original $119.62 million verdict. Samsung had sought $6 million.
Unlike the first trial in San Jose federal court in 2012, Samsung lawyers made Google a central focus of their defence. Google makes the Android software that Samsung and other smartphone manufacturers use as their operating systems. Samsung argued that Google was Apple’s real target.
More than 70 percent of smartphones run on Android, a mobile operating system that Google Inc. has given out for free to Samsung and other phone makers
The verdict marked the latest intellectual property battle between the world’s top two smartphone makers. Apple and Samsung have sued each other in courts and trade offices around the world.
Apple and Samsung are locked in a bitter struggle for dominance of the $330 billion worldwide smartphone market. Samsung has become the leader of the sector with a 31 percent share after being an also-ran with just 5 per cent in 2007. Apple, meanwhile, has seen its market share slip to about 15 per cent from a high of 27 per cent three years ago.

Security for World Economic Forum

Nigeria has assured that it will provide adequate security arrangements during the World Economic Forum on Africa, which begins May 7 in Abuja.
The government would provide adequate security for participants.His remark came after some countries expressed concern over security issues, following a blast in Abuja, which left at least 19 people dead.