Today's Reuters Technology News Headlines - Yahoo! News:
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Yahoo investors applaud change, fear limbo
Mon,14 May 2012 06:25 PM PDT
Reuters -  (Reuters) - Yahoo Inc's choice of interim chief executive is a signal the company is returning to its roots selling brand advertising on its consumer websites, analysts say, even as a deal with an activist hedge fund raises new questions about its future. Yahoo's global media head Ross Levinsohn got his chance on Monday to revive the struggling Web pioneer, as he stepped into a job that has been held by four others in the past five years. Analysts say the former News Corp executive will bring a track record of digital media experience and deal making to Yahoo's top job. ...
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New Jersey man boasts magnetic attachment to iPod
Mon,14 May 2012 04:09 PM PDT
Reuters -  (Reuters) - Professional body piercer Dave Hurban is a man attached to his iPod. Literally. Hurban, 21, who works in a tattoo parlor in Newfield, New Jersey, implanted four metal studs in the skin of his wrist and secured his iPod to them magnetically. "I just invented the strapless watch," he said on Monday of his Apple Inc device, set to display a clock. Hurban cheerfully recounted how he mapped out the four corners of the iPod on his arm and then inserted four titanium studs into his skin. Once the incisions healed, he popped on his iPod, which is held in place magnetically. ...
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Adobe appoints three new board members
Mon,14 May 2012 04:04 PM PDT
Reuters -  (Reuters) - Adobe Systems Inc, maker of Photoshop and Acrobat software, has appointed three new members from technology and media companies to its board of directors. The company said on Monday that it added Cisco Systems Inc chief financial officer Frank Calderoni, Comcast Venture's managing director, Amy Banse, and Laura Desmond, global head of the Starcom MediaVest Group, to the board. That raises the number of board members to 12 from 9, the company said. ...
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Facebook to close IPO books two days early: source
Mon,14 May 2012 03:30 PM PDT
Reuters -  NEW YORK (Reuters) - Facebook Inc will close the books on its $10.6 billion initial public offering on Tuesday, two days ahead of schedule and a signal that Silicon Valley's largest IPO is drumming up strong demand, according to a source familiar with the deal. The No. 1 social network is scheduled on Thursday to price its shares, then begin trading on Friday. The IPO is already "well oversubscribed," which is why the social network is closing its books earlier than anticipated, the source said. ...
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Falcone's LightSquared files for bankruptcy
Mon,14 May 2012 03:01 PM PDT
Reuters -  (Reuters) - Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection. LightSquared and many affiliates, as widely expected, filed for protection from creditors with the U.S. bankruptcy court in Manhattan. Falcone, once one of the hedge fund industry's most powerful figures, and LightSquared's creditors failed to reach an agreement. ...
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Postal Service offers discount for smartphone codes
Mon,14 May 2012 02:59 PM PDT
Reuters -  WASHINGTON (Reuters) - The Postal Service will offer a temporary postage discount for mailings that include smartphone barcodes as it seeks to stem volume losses by encouraging advertisers to send more mail. The mail agency will offer a 2 percent postage discount during July and August for letters and cards that use the two-dimensional barcodes, known as QR codes, according to a statement on Monday. ...
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BCE hit with lawsuit over pre-pay expiry
Mon,14 May 2012 01:02 PM PDT
Reuters - TORONTO (Reuters) - BCE Inc, Canada's biggest telecommunications company, faces a C$100 million ($99.8 million) lawsuit challenging the legality of expiration dates for its pre-paid wireless services. The lawsuit is being brought by Celia Sankar, who alleges that BCE, which sells cellular service under the Bell Mobility, Virgin Mobile and Solo brands, is engaged in "unfair practices" and breaches of contract by seizing credit balances left unused after a certain date. Sankar argues the pre-payments should be considered gift cards, which under Ontario provincial law cannot have an expiry date. ... Full Story | Top |
Yahoo investors applaud change, fear limbo
Mon,14 May 2012 12:48 PM PDT
Reuters -  (Reuters) - Yahoo Inc's new interim chief executive is a signal to Wall Street that the company is returning to a media-centric strategy, even as the its weekend deal with activist hedge fund Third Point raises new questions about its future. Yahoo's Ross Levinsohn got his chance on Monday to revive the struggling Web pioneer, as he stepped into a job that has been held by four others in the past five years. Analysts expect the former News Corp executive to bring a track record of digital media experience and deal making to Yahoo's top job. ...
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Sony, Panasonic plan OEL TV tie-up: Nikkei
Mon,14 May 2012 12:04 PM PDT
Reuters -  (Reuters) - Sony Corp and Panasonic Corp are in talks to jointly produce large OEL (organic electroluminescence) televisions, the Nikkei business daily said. The collaboration would mark the first time that the two rivals join hands in a core business, the paper said. The companies, which aim to commercialize OEL TVs by fiscal 2015, are joining hands in hopes of shortening the development time by sharing technologies, according to the Nikkei. ...
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U.S. court revives Apple claim on Samsung tablets
Mon,14 May 2012 11:37 AM PDT
Reuters -  WASHINGTON (Reuters) - A U.S. appeals court ruled on Monday that Apple Inc could press its bid for an immediate injunction to block the sale of some tablet computers made by Samsung Electronics Co Ltd based on allegations of infringement of one patent. The U.S. Court of Appeals for the Federal Circuit said the judge in a district court in California had erred in deciding that Apple failed to show that it was likely to succeed on the merits and sent the case back to the district count for further review. ...
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Amazon aims to launch front-lit Kindle in July: source
Mon,14 May 2012 11:21 AM PDT
Reuters -  (Reuters) - Amazon.com Inc will launch new versions of its Kindle e-reader and tablet, including a monochrome e-reader with front lighting, a source who has seen the prototype told Reuters. The world's largest Internet retailer is aiming to have the new e-reader in stores in July, said the source, who has direct knowledge of the matter but asked not to be named because Amazon has not yet made the decision public. Amazon has been ramping up production of the new Kindle, which will run on E Ink's display, the source said. ...
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Sony, Panasonic plan OEL TV tie-up: Nikkei
Mon,14 May 2012 11:07 AM PDT
Reuters - (Reuters) - Sony Corp and Panasonic Corp are in talks to jointly produce large OEL (organic electroluminescence) televisions, the Nikkei business daily said. The collaboration would mark the first time that the two rivals join hands in a core business, the paper said. The companies, which aim to commercialize OEL TVs by fiscal 2015, are joining hands in hopes of shortening the development time by sharing technologies, according to the Nikkei. ... Full Story | Top |
Nvidia picks up wireless patents in mobile push
Mon,14 May 2012 10:09 AM PDT
Reuters -  (Reuters) - Graphics chipmaker Nvidia Corp is buying about 500 wireless communications patents from privately held IPWireless, as it locks horns with Qualcomm Inc in the lucrative market for smartphone and tablet chips. The company is acquiring the patents jointly with Intellectual Ventures -- a privately held patent-holding company co-founded by former Microsoft Corp Chief Technology Officer Nathan Myhrvol. ...
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Fewer women in top U.S. tech jobs since 2010: survey
Mon,14 May 2012 09:55 AM PDT
Reuters - NEW YORK (Reuters) - The number of women in senior technology positions at U.S. companies is down for the second year in a row, according to a survey published on Monday. Nine percent of U.S. chief information officers (CIOs) are female, down from 11 percent last year and 12 percent in 2010, according to the survey by the U.S. arm of British technology outsourcing and recruitment company Harvey Nash Group. About 30 percent of those polled said their information technology (IT) organization has no women at all in management. ... Full Story | Top |
CSC hires Gannett's CFO as it plans turnaround
Mon,14 May 2012 09:53 AM PDT
Reuters - (Reuters) - Computer Sciences Corp named a new chief financial officer, tapping Gannett Co CFO Paul Saleh to help turn around the company after a troubled contract with the UK National Health Service led to a massive charge. The technology services firm announced last month that it would take a fiscal 2012 charge of $9.91 a share related to a troubled contract with the UK's National Health Service. Its shares were down 1.8 percent at $26.62 near midday on Monday. They have lost almost half their value over the past year. ... Full Story | Top |
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