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Philips: Q1 profit at 249 million euros

Dutch electronics giant Philips posted Monday first quarter net profits of 249 million euros ($328.4 million), up from 138 million euros a year ago amid the sale of some real estate in the Netherlands.

Revenues for the group reached 5.6 billion euros, up from 5.3 billion euros a year ago, and slightly beating the 5.4 billion euros forecasted by analysts polled by Dow Jones news wire.

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Light Bulb with 20-Year Life Unveiled in U.S. on Earth Day

A prize-winning, super-energy-saving LED bulb from Dutch electronics giant Philips said to last over 20 years went on sale Sunday to coincide with Earth Day.

The bulb that won the U.S. Department of Energy's "Bright Tomorrow Lighting Prize" was available from retailers for $50, down from an initial $60 price tag. The company said it was planning discounts to bring the cost down to as little as $25.

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China Consumers Slow to Convert to Green Technology

Carmakers at the Beijing auto show are due to unveil scores of clean energy vehicles as they try to convince Chinese customers to swap gas-guzzling SUVs for cleaner but slower and pricier options.

But analysts say the rush to showcase green technology at the Auto China 2012 exhibition, which opens Monday, is unlikely to hide the fact it may still take a long time for the Asian nation to fully embrace an electric future.

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Report: Honda to Provide Hybrid Technologies to China Firms

Honda Motor will provide its core hybrid car technologies to a number of Chinese automakers, eyeing to boost sales in the world's largest car market, a report said Sunday.

As Honda's sales in China have long been sluggish, it aims to achieve a turnaround by aggressively pushing its hybrid vehicle technologies, the Japanese business daily Nikkei reported.

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Motorola Mobility CEO's Pay More than Triples

Motorola Mobility Holdings Inc. CEO and Chairman Sanjay Jha's compensation more than tripled in 2011 to $47.2 million, including awards tied to the company's split from Motorola Solutions.

The old Motorola Inc. divided into two companies in January 2011, and Google Inc. is now awaiting final approvals for its purchase of Motorola Mobility for $12.5 billion.

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Report: Hundreds of Thousands May Lose Internet in July

For computer users, a few mouse clicks could mean the difference between staying online and losing Internet connections this summer.

Unknown to most of them, their problem began when international hackers ran an online advertising scam to take control of infected computers around the world. In a highly unusual response, the FBI set up a safety net months ago using government computers to prevent Internet disruptions for those infected users. But that system is to be shut down.

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Google Dumps Publisher Payment Platform

The One Pass payment platform for Internet news websites was shut down on Friday as Google continued house cleaning launched when co-founder Larry Page took charge last year.

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Chip Lets Smartphones See through Walls, Clothes

Researchers at a Texas university have designed a chip that could give smartphones the long-envied ability of comic book her Superman to see through walls, clothes or other objects.

A team at University of Texas at Dallas tuned a small, inexpensive microchip to discern a "terahertz" band of the electromagnetic spectrum.

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German Court Rules in YouTube Rights Case

A German court is set to rule on whether the online video platform YouTube is responsible for the content of videos uploaded by its users.

GEMA, a German music royalties collecting body, took Google Inc.'s YouTube unit to the Hamburg state court over 12 uploaded music videos for which no royalties were paid.

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'Chinese' Hackers Deface Philippine Website

Hackers claiming to come from China defaced the website of the Philippines' top university on Friday to assert their country's claim over the hotly disputed South China Sea, the government said.

The foreign department, which has been leading the government's response over its increasingly tense rift with China, immediately called for an investigation into the attack on the University of the Philippines website.

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