Today's Reuters Technology News Headlines - Yahoo! News:
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Deadline looms for Falcone on LightSquared control
Sun,29 Apr 2012 05:34 PM PDT
Reuters -  NEW YORK (Reuters) - The clock is ticking for hedge fund manager Philip Falcone to reach a deal by Monday morning with debt holders of LightSquared, the upstart wireless telecom controlled by Falcone's Harbinger Capital, or face a possible bankruptcy. The holders of LightSquared's roughly $1.6 billion in debt, who include billionaire activist investor Carl Icahn and hedge fund manager David Tepper, have given Falcone until 10 a.m. Monday to strike a deal for restructuring Harbinger's 96 percent equity control of LightSquared, a person familiar with the situation said. ...
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Nokia in advanced talks to sell luxury Vertu unit: FT
Sun,29 Apr 2012 02:58 PM PDT
Reuters -  LONDON (Reuters) - Cellphone maker Nokia is in advanced talks to sell its UK subsidiary Vertu to private equity group Permira , the Financial Times reported. Nokia, which last week had its credit rating cut to "junk" status by ratings agency Standard & Poor's, will raise about 200 million euros ($265.19 million) from a potential sale, the FT said in a piece published on its website on Sunday. People familiar with the talks were cited as saying Goldman Sachs was advising to oversee the sale, but said the outcome was not yet certain. Vertu and Permira were not available for comment. ...
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Apple, Google could join Dow index: Barron's
Sun,29 Apr 2012 01:44 PM PDT
Reuters -  (Reuters) - The Dow Jones Industrial Average stock index is due for an overhaul, and new-tech giants like Apple Inc and Google have good arguments for joining the elite 30 companies at the expense of old-industry stalwarts like Alcoa Inc, Barron's said on Sunday. The business weekly said the Dow has no timetable, but a new company or two could be added in the next year. The three most likely stocks to be replaced in the index are aluminum maker Alcoa, Bank of America and Hewlett-Packard, Barron's said in its latest edition. ...
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Madison Avenue turns to social game advertising
Sun,29 Apr 2012 08:47 AM PDT
Reuters - (Reuters) - Self magazine Publisher Laura McEwen sits in her office in the posh Conde Nast building overlooking New York's Times Square and does nothing but play video games for at least an hour or two a day. She isn't goofing off -- she is doing market research for "Self Workout in the Park," a video game she helped create to capitalize on the explosive growth of advertising in social games like the ones played on Facebook and other online networks. ... Full Story | Top |
Analysis: Even in emerging markets, Nokia's star is fading
Sun,29 Apr 2012 05:14 AM PDT
Reuters -  NEW DELHI/HELSINKI (Reuters) - Nokia phones once took pride of place in Manish Khatri's Mumbai store, but now models made by Samsung Electronics get the limelight. He has nothing against Nokia, he says, but it's better for business to push the more popular models. That simple calculation is being made in thousands of stores across India and similar emerging markets, where Nokia's rivals used to be relative minnows. ...
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Nokia suffers second cut to "junk" as S&P downgrades
Fri,27 Apr 2012 11:18 PM PDT
Reuters -  HELSINKI/LONDON (Reuters) - Cellphone maker Nokia Oyj had its credit rating cut to "junk" status by ratings agency Standard & Poor's on Friday, its second downgrade to non-investment grade status this week as the company battles falling sales and doubts over its product strategy. ...
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Greed may be good, but it doesn't matter to judge
Fri,27 Apr 2012 11:11 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Greed does not matter when it comes to the legal battle of two Silicon Valley icons, a federal judge told jurors who are hearing the lawsuit Oracle filed against Google. "There has been a suggestion made that greed is at work here," U.S. District Judge William Alsup said on Friday. "That doesn't matter." His remarks served as a caution to the seven women and five men who are expected to begin their deliberations on Oracle's copyright claims next week. ...
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Greed may be good, but it doesn't matter to judge
Fri,27 Apr 2012 02:05 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Greed does not matter when it comes to the legal battle of two Silicon Valley icons, a federal judge told jurors who are hearing the lawsuit Oracle filed against Google. "There has been a suggestion made that greed is at work here," U.S. District Judge William Alsup said on Friday. "That doesn't matter." His remarks served as a caution to the seven women and five men who are expected to begin their deliberations on Oracle's copyright claims next week. ... Full Story | Top |
Apple courts EPIX for upcoming TV: sources
Fri,27 Apr 2012 01:51 PM PDT
Reuters -  LOS ANGELES (Reuters) - Apple Inc began talks earlier this year to stream films owned by EPIX, which is backed by three major movie studios, on devices including a long-anticipated TV, according to two people with knowledge of the negotiations. Apple, which now sells a $99 set-top box that hooks up to a television set and lets users stream online content from Netflix and the MLB channel, opened discussions with three-year-old EPIX, created by Lions Gate Entertainment Corp, MGM and Viacom's Paramount Pictures. ...
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Space shuttle Enterprise lands in New York atop jet
Fri,27 Apr 2012 12:33 PM PDT
Reuters -  NEW YORK (Reuters) - The space shuttle Enterprise flew to New York from Washington on Friday piggybacking atop a Boeing 747 and made a dramatic flight along the Hudson River past the Statue of Liberty to the delight of observers. En route to John F. Kennedy International Airport, the retired shuttle flew at low altitude along the river, giving residents of New York and New Jersey an extraordinary view of the craft, which will be put on display at a New York museum. ...
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Groupon gets new "Goods" chief from eBay: memo
Fri,27 Apr 2012 11:58 AM PDT
Reuters -  (Reuters) - Groupon Inc has hired another former eBay Inc executive to head its discount retailing arm Groupon Goods starting Monday, according to an internal email obtained by Reuters on Friday. The online coupon company named Faisal Masud to head the unit. Masud, who was head of global delivery experience at eBay, will report to Kal Raman, whom Groupon named head of its Americas region on Thursday. Masud takes over from Rajen Ruparell, who was in charge of the division and will move into a global sales leadership role, Chief Executive Andrew Mason said in the email. ...
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Amazon soars as digital sales boost margins
Fri,27 Apr 2012 10:01 AM PDT
Reuters -  (Reuters) - Amazon.com Inc's stellar quarterly results are helping convince skeptics on Wall Street that a bout of intense spending is beginning to pay off for an Internet retailer trying to transform itself into a technology company. Shares in Amazon leapt 15 percent on Friday after it reported first-quarter earnings and margins well above investors' most bullish expectations, tacking on some $10 billion in market value and marking its biggest single-day gain since October of 2009. ...
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Workers protest at Foxconn plant in China
Fri,27 Apr 2012 07:13 AM PDT
Reuters -  TAIPEI (Reuters) - Workers at a Chinese factory owned by Foxconn, Apple Inc's main manufacturer, threatened to jump off the roof of a building in a protest over wages just a month after the two firms announced a landmark agreement on improving working conditions. The protest happened in the central city of Wuhan at one of Foxconn's plants. The company employ some 1.2 million workers in China assembling iPhones and iPads, among other products. It involved some 200 workers, the Hong-Kong based activist group Information Centre for Human Rights said. ...
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Aware to sell patents to Intel for $75 million, shares surge
Fri,27 Apr 2012 06:35 AM PDT
Reuters - (Reuters) - Software maker Aware Inc said it will sell some patents related to WiFi and 4G LTE to Intel Corp for about $75 million, sending its shares up 70 percent. Aware, which sells software for biometrics and imaging applications, also declared a special cash dividend of $1.15 per share, or about $24 million, to be paid on May 25. Shares of the company were up $2.61 in early trade at $6.35 on Friday on the Nasdaq. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das, Saumyadeb Chakrabarty) Full Story | Top |
Allscripts shares plunge on weak outlook, board changes
Fri,27 Apr 2012 06:24 AM PDT
Reuters - (Reuters) - Allscripts Healthcare Solutions Inc's shares plunged 42 percent in premarket trade on Friday, after the company forecast weak full-year earnings, hurt by software development costs and weaker bookings. On Thursday, the healthcare information technology provider reported a lower-than-expected quarterly profit and also announced the resignation of its CFO, three directors and board Chairman Phil Pead. Citigroup analyst George Hill said the results were strongly disappointing and downgraded the company's stock to "neutral" from "buy. ... Full Story | Top |
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