Editor’s Note: This is the Paw Print Rewind, a daily look at the top news headlines.
Nepal Earthquake: Nepalis flee capital as aftershocks spread fear
Thousands of Nepalis began fleeing Kathmandu Monday, after two days of powerful aftershocks and looming food and water shortages after an earthquake killed over 3,700 people.
Roads leading out of Kathmandu were jammed with people, some with babies in their arms, trying to climb onto buses or hitch a ride aboard cars and trucks to the plains.
Huge lines formed at the city’s Tribhuvan International Airport with tourists and residents trying to get a flight out.
“I’m willing even to sell the gold I’m wearing to buy a ticket, but there is nothing available.”
Many of Kathmandu’s one million residents have slept in the open since Saturday’s quake, either because their homes were flattened or out of fear for aftershocks taking them down.
“We are escaping. How can you live here? I have got children, they can’t be rushing out of the house all night.”
-Krishna Muktari, who runs a small grocery store in Kathmandu
“The big challenge is relief. We urge foreign countries to give us special relief materials and medical teams. We are really desperate for more foreign expertise to pull through this crisis.”
-Leela Mani Paudel, Chief Secretary
Hundreds of climbers are staying put at Mount Everest’s base camp, where an avalanche triggered by the earthquake killed 17 people in the single worst disaster to hit the mountain.
Rescue teams used helicopters to airlift scores of people stranded at higher altitudes, two at a time.
Sick and wounded people were lying out in the open in Kathmandu, unable to find beds in the devastated city’s hospitals. Surgeons set up an operating theater inside a tent in the grounds of Kathmandu Medical College.
Across the capital and beyond, families laid mattresses out on streets and erected tents to shelter from the rain. People waited for water dispensed from trucks, while the few stores still open were nearly bare.
Sudan elections: Bashir wins 94.05 percent of vote
Sudanese President Omar Hassan al-Bashir extended his quarter-century in power with a 94.05 percent victory in presidential elections, according to organizers.
Deutsche Bank pledges overhaul
Deutsche Bank will cut $217.5 billion in investment bank assets and exit a tenth of the countries where it operates as part of a restructuring program to boost earnings and cut risk.
“There are 2020 targets and savings/investment plans which we and the market will take with a grain of salt, given their chequered history.”
-Omar Fall, Jefferies International analyst
Conde Nast eying digital viewers with virtual reality, scripted shows
Conde Nast Entertainment will unveil two original virtual reality series for the upcoming year at its Tuesday presentation before advertisers at the Newfronts digital content showcase in New York.
“We’re speaking to some very impressive filmmakers to partner with us on this venture. The virtual reality space not only will allow the viewer to become more engaged, it’ll make them more immersed.”
-Dawn Ostroff, Conde Nast Entertainment president
The new series will air on CNE’s The Scene, which is home to 2,500 original videos created by Conde Nast’s brands and partners like ABC News and BuzzFeed.
“Imagine being on the front row of a fashion show, or at a red carpet event, that’d be very compelling to people.”
-Jens Christensen, Jaunt VR founder and CEO
Apple boosted by China iPhone sales
Apple beat Wall Street’s revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time, but the company gave no Apple Watch sales figures.
The company’s iPhone sales in China increased their revenue in the country 71 percent to $16.8 billion, helped by Chinese New Year gift-buying.
That is being fueled by China’s increasing middle class, according to Apple CEO Tim Cook.
Apple sold 61.2 million iPhones in the quarter, up 40 percent from a year ago, but down from last quarter. It sold 12.6 million iPads, down 23 percent from a year ago.
“A 60 million-plus iPhone number is a home run and will be cheered by the Street as this remains the bread and butter of Apple.”
-Daniel Ives, FBR Capital Markets analyst
The U.S.’ most valuable publicly traded company raised its quarterly dividend 11 percent to 52 cents per share and boosted its share repurchase program to $140 billion from the $90 billion announced last year.
Together, Apple estimated that they would return $200 billion to shareholders by the end of March 2017. It ended the quarter with $193.5 billion in cash and marketable securities, up over $15 billion from last quarter.
The company’s net income for the fiscal second quarter rose to $13.57 billion ($2.33 per share) from $10.22 billion ($1.66 per share) a year earlier.
Overall revenue rose to $58.01 billion in the second quarter that ended on March 28, from $45.65 billion a year earlier.
Cap Gemini to buy IGATE for $4 billion
French IT services company Cap Gemini will buy U.S-based rival IGATE for $4 billion in a deal that would make North America its biggest market and IGATE’s founders a billion-dollar windfall.
The deal would enhance earnings by 12 percent in 2016 and 16 percent in 2017, according to Cap Gemini. The combined group’s operating margin would be above 10 percent.
Cap Gemini will pay $48 a share for IGATE.
ITC judge: Microsoft phones infringe patents
Microsoft used InterDigital’s technology in its phones without permission, according to International Trade Commission judge Theodore Essex.
Microsoft infringed on two wireless cellular patents owned by InterDigital, according to Essex, and said it would not be against public interest to ban the Microsoft devices from being imported into the United States.
“We have a successful track record challenging patent assertion entities that misuse industry standards.”
-Microsoft, in a statement
InterDigital looks forward to “continued discussion” with Microsoft to license its patents, according to company executive vice president Lawrence Shay.
Applied Materials scraps Tokyo Electron takeover on U.S. antitrust concerns
U.S.-based Applied Materials scrapped its $10 billion takeover plans of chip-making rival Tokyo Electron on Monday after the deal faced concerns from American anti-trust regulators.
The all-share purchase would have combined the No. 1 and No. 3 makers of the equipment that makes semiconductor chips into a group with a stock market valuation of over $38.5 billion.
“We must take with humility the result that we could not convince the regulators. The termination of the merger is a very regrettable outcome, but it does no good to mourn.”
-Tetsuro Higashi, Tokyo Electron CEO
No termination fee will be payable from either party, according to Applied Materials.
Google launches patent-buying portal
Google will launch an experimental portal that allows interested patent holders to sell their patents to the company.
Patent holders can tell the company about the patents they’re willing to sell and the rb price through the portal, according to a Google blog post.
The Patent Purchase Promotion will be open from May 8 to May 22, according to Google.
Google will let submitters know of its interest in buying their patents by June 26 and pay sellers by late August.
#BaliNine: Traffickers die by midnight firing squad
Nine drug traffickers held emotional farewell meetings with their families Tuesday at an Indonesian prison, after Jakarta rejected last-minute worldwide pleas for clemency and ordered their mass execution.
Hundreds of people began gathering in Australian cities for vigils in the name of Myuran Sukumaran and Andrew Chan, holding placards and calling for Sydney to respond strongly to the executions.
The death penalties have been condemned by the United Nations, and strained ties between Sydney and Jakarta.
Security at the high-security prison off the central Java coast was heightened Tuesday.
Greek, Turkish Cypriot leaders will discuss ways to end conflict
Greek Cypriot leader Nicos Anastasiades will meet newly elected Turkish Cypriot leader Mustafa Akinci on May 2 to push stalled peace talks forward.
Peace talks between Cyprus’ estranged Greek and Turkish communities stalled last October, and Saturday’s meeting will be the first since September 2014.
Telenet: Internet, TV tough in first quarter
Belgian cable operator Telenet has increased the number of mobile clients in the first quarter of the year, but added that tough competition resulted in slower growth in slower growth of broadband and TV subscribers.
Core profit fell one percent in the first quarter to $255.5 million, due to a one-off gain included in last year’s figures.
SpaceX rocket blasts off with 1st satellite for Turkmenistan
An unmanned SpaceX rocket blasted off from Cape Canaveral Air Force Station in Florida on Monday to put a communications satellite into orbit for the government of Turkmenistan, a first for the nation.
A Spacebus 4000 telecommunications satellite built by Thales Alenia Space, a joint venture of Thales and Finmeccanica, was perched on top of the rocket.
Once in orbit, the five-ton satellite will become Turkmenistan’s first telecommunications spacecraft, relaying television broadcast and other services to over 1.2 billion people in Central Asia, Europe, the Middle East and North Africa, according to Thales Alenia Space.
“The launch is a vital first step in Turkmenistan’s development as a space nation.”
-Jean Loic Galle, Thales Alenia Space president and CEO
The satellite, designed to last 15 years, will be located in a slot controlled by Monaco. In exchange for letting Turkmenistan operate there, Space Systems International, Monaco’s satellite operator, has use of 12 of the spacecraft’s Ku-band transponders.
Kraft Foods quarterly profit falls 16 percent
Kraft Foods reported its fourth straight decline in quarterly profit, hurt in part by low demand for its meals and desserts.
Kraft’s net income fell 16 percent to $429 million (72 cents per share), in the first quarter that ended March 28 from $513 million (85 cents a share) a year earlier.
Revenue fell slightly to $4.35 billion.
GoPro revenue beats estimates as international sales surge
Wearable camera maker GoPro reported quarterly profit and revenue as sales surged outside of the United States.
GoPro’s international sales accounted for more than half of revenue in the first quarter.
Sales from markets like Europe and the Asia Pacific jumped 66 percent, according to the company.
“The gross margin was 45.2 percent [in the first quarter], perhaps some people wanted 46 percent because last quarter [it was] 48 percent.”
-Shebly Seyrafi, FBN Securities analyst
Net income attributable to GoPro shareholders nearly doubled to $16.8 million (11 cents per share).
Excluding items, the company earned 24 cents per share.
Revenue rose to $363.1 million from $235.7 million.