Today's Reuters Technology News Headlines - Yahoo! News:
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IPOs stoke San Francisco housing market
Thu,24 Nov 2011 09:27 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Adam Holm has been looking to sell his three-bedroom Victorian house in San Francisco's Potrero Hill neighborhood all year, but he needs one thing to happen first: gaming-company Zynga's initial public offering. "It seems foolish to put it on the market before when there are a thousand people down the street who are about to make a million dollars," said Holm. His place is within walking distance of Zynga's headquarters, and he expects prices in the neighborhood to rise significantly in the wake of the IPO. ...
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Alibaba.com posts slowest quarterly growth in almost 2 years
Thu,24 Nov 2011 04:36 AM PST
Reuters -  SHANGHAI (Reuters) - Alibaba.com, China's largest e-commerce firm, posted an 11.9 percent rise in quarterly net profit, its slowest growth in nearly two years, with the company raising concerns due to a weak trade outlook stemming from debt woes in Europe and the United States. The third-quarter results missed analyst forecasts and were attributed to a weak macroeconomic climate that led to a slower pace of customer additions. ...
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Thailand's surreal industrial park: crocodiles but no chips
Thu,24 Nov 2011 02:51 AM PST
Reuters -  AYUTTHAYA, Thailand (Reuters) - Knee-deep in foul-smelling water, workers are piling office equipment, documents and food onto fiber boats that ferry them from one building on Hana Microelectronics' 12-acre company site to another with more space on higher floors. It has been six weeks since Thailand's worst flooding in decades turned its industrial heartland into a real-life 'Waterworld' and the water is going down 20 cm a day. But it reached 2 meters at one point and will take time to clear, said General Manager Bruce Stromstad. ...
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HTC cuts Q4 revenue growth forecast; shares tumble
Wed,23 Nov 2011 05:37 PM PST
Reuters -  TAIPEI (Reuters) - Taiwan's HTC Corp cut its revenue forecast for the fourth quarter to no growth over the same period a year earlier from around 20 percent to 30 percent year on year growth previously, surprising the market and sending its shares tumbling 7 percent. The world's No.4 smartphone maker has been facing a slowdown in shipment growth in the second half of this year after growth more than doubled in the first half, as competition from bigger rival such as Apple Inc and Samsung intensifies and the global economy weakens. ...
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Merck said to hijack German rival's Facebook page
Wed,23 Nov 2011 01:42 PM PST
Reuters -  (Reuters) - German drugmaker Merck KGaA accused U.S. rival Merck & Co of hijacking its Facebook page and said it plans to sue to get it back. Merck KGaA asked a New York judge to force Facebook Inc to turn over information to help determine how the German company lost the page, http://www.facebook.com/merck , and the ability to administer it. According to a Monday filing with a New York state court in Manhattan, Merck KGaA contracted with Facebook in March 2010 for exclusive use of the page, but discovered last month that the unrelated Merck & Co was using it. ...
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No regrets from Best Buy on stocking RIM PlayBook
Wed,23 Nov 2011 12:09 PM PST
Reuters - NEW YORK (Reuters) - Big-box electronics retailer Best Buy has no regrets about stocking Research In Motion's PlayBook tablet, despite the product's poor reception and subsequent sharp discounting. The BlackBerry maker relied heavily on retailers like Best Buy and Office Depot to sell its response to Apple's iPad, but it has barely dented Apple's dominance of the tablet market. "We don't regret trying any new product that our vendors bring into the marketplace," Best Buy's president for the Americas, Mike Vitelli, told Reuters in an interview on Wednesday. ... Full Story | Top |
Nokia Siemens Networks to slash staff by quarter
Wed,23 Nov 2011 08:27 AM PST
Reuters -  HELSINKI (Reuters) - Nokia Siemens Networks, the world's second-largest maker of mobile phone network equipment, is axing 17,000 jobs, nearly a quarter of its workforce, to help save about 1 billion euros ($1.35 billion) a year. NSN, which has struggled to make a profit since being set up in 2007, did not say where it would make the cuts, part of wider changes that analysts said looked aimed at gearing up the company for an initial public offering. ...
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Google quits plans to make cheap renewable energy
Wed,23 Nov 2011 06:24 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Google Inc has abandoned an ambitious project to make renewable energy cheaper than coal, the latest target of Chief Executive Larry Page's moves to focus the Internet giant on fewer efforts. Google said on Tuesday that it was pulling the plug on seven projects, including Renewable Energy Cheaper than Coal as well as a Wikipedia-like online encyclopedia service known as Knol. The plans, which Google announced on its corporate blog, represent the third so-called "spring cleaning" announcement that Google has made since Google co-founder Page took the reins in April. ...
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Netflix shares hurt by bleak 2012 outlook
Tue,22 Nov 2011 04:31 PM PST
Reuters -  (Reuters) - Netflix Inc's shares dropped as much as 7 percent on Tuesday after it warned of a loss for 2012, a move the prompted several Wall Street analysts to cut their price targets for the online video and DVD rental company. Analysts at Caris, Janney, UBS and Wedbush Securities all slashed their price targets for Netflix, citing the company's outlook. It had previously said it anticipates a loss only in the first quarter of 2012. ...
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FCC chief seeks added review of AT&T/T-Mobile deal
Tue,22 Nov 2011 03:51 PM PST
Reuters -  (Reuters) - AT&T Inc was dealt a blow on Tuesday as the top U.S. communications regulator sought to have its planned $39 billion purchase of T-Mobile USA sent to an administrative law judge for review. Federal Communications Commission Chairman Julius Genachowski sent a draft order to his fellow commissioners, citing FCC staff findings that the deal would significantly diminish competition and lead to massive job losses. "The record clearly shows that -- in no uncertain terms -- this merger would result in a massive loss of U.S. jobs and investment," a senior FCC official said. ...
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Olympus ex-CEO Woodford to attend board meeting
Tue,22 Nov 2011 02:50 PM PST
Reuters -  TOKYO/LONDON (Reuters) - The sacked chief executive of Japan's disgraced Olympus Corp says he has accepted an invitation to attend the company's board meeting this week, which could be a hopeful sign for investors who want him to return and lead a clean-up of the firm. Olympus shares jumped 20 percent to 869 yen Tuesday as traders speculated the company might avoid being delisted from the Tokyo Stock Exchange, despite being engulfed in an accounting scandal. Olympus, a maker of cameras and medical equipment, is under investigation by regulators, prosecutors and organised-crime police. ...
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HP can keep secret report on Hurd departure
Tue,22 Nov 2011 12:35 PM PST
Reuters -  (Reuters) - Hewlett-Packard Co does not have to turn over to a shareholder an internal report that led to the departure of former chief executive Mark Hurd, Delaware's Supreme Court ruled. Hurd abruptly resigned last year following allegations of sexual harassment against an HP contractor. A company investigation cleared Hurd of harassment, but accused him of filing inaccurate expense reports. A shareholder, Ernesto Espinoza, sued the company to determine whether the board had grounds to fire Hurd rather than pay him a $30 million separation. Hurd has since joined Oracle Corp as president. ...
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BlackBerry conference moved due to Thai flooding
Tue,22 Nov 2011 11:34 AM PST
Reuters - TORONTO (Reuters) - BlackBerry maker Research In Motion has moved next month's Asian developer conference from Bangkok to Singapore due to flooding in the Thai capital. The company said on Tuesday it would relocate the conference, part of a global push to get more apps onto its smartphones and PlayBook tablet, and offer refunds to attendees who could not attend the Singapore event. The Bangkok conference was due to take place on December 7 and 8, and the Singapore event is planned for the same dates. ... Full Story | Top |
Groupon shares slump close to $20 IPO price
Tue,22 Nov 2011 08:58 AM PST
Reuters - (Reuters) - Groupon Inc slumped more than 14 percent on Monday, leaving shares of the largest daily deal company close to its $20 initial public offering price. Groupon shares fell $3.55 to as low as $20.06 in late morning action. The company was the third-largest decliner on Nasdaq. Groupon raised more than $700 million in an IPO in early November, pricing its public shares at $20 each. (Reporting by Alistair Barr; Editing by Derek Caney) Full Story | Top |
Qualcomm wins first deal for new screens
Tue,22 Nov 2011 08:38 AM PST
Reuters - (Reuters) - Qualcomm has won a first deal for its new Mirasol display technology by supplying the South Korean Kyobo Book Center's new e-reader. Qualcomm, the world's largest wireless chip maker, has said the new technology would be key to reducing battery drain in smartphones, which have increasingly high power requirements as consumers use them for Web surfing or watching videos. Qualcomm and Kyobo said on Tuesday the Kyobo e-Reader, featuring a 5.7 inches Mirasol display, allows for weeks of reading without charging under typical usage. ... Full Story | Top |
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