Today's Reuters Technology News Headlines - Yahoo! News:
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Oracle to continue Itanium server support for HP
Tue,4 Sep 2012 07:52 PM PDT
Reuters -  (Reuters) - Oracle Corp said it would continue to support Hewlett-Packard Co's Itanium-based servers after it lost a bitter lawsuit in which it had argued that it was not obliged to make new versions of database software compatible with the servers. Oracle spokeswoman Deborah Hellinger declined comment when asked if the company still intended to appeal the court's ruling. Oracle said on August 1, the day of the ruling, said that it planned to appeal. ...
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Facebook rules out share sale to cover tax bill
Tue,4 Sep 2012 05:08 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc promised not to sell stock to cover a nearly $2 billion tax bill and said it will allow employees to cash in their stock weeks ahead of schedule, moving to soothe nervous investors and its own staff as its share price spirals downward. The world's largest online social network company, which has lost more than 50 percent of its market value since going public in May, said on Tuesday its total shares outstanding will be reduced by roughly 101 million shares as a result of the move. Shares of Facebook rose 1.8 percent in after hours trading to $18.05. ...
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Finisar first-quarter misses Wall Street view, sees weaker second-quarter profit
Tue,4 Sep 2012 02:59 PM PDT
Reuters - (Reuters) - Finisar Corp reported first-quarter results that fell short of Wall Street expectations as the optical communication components maker continued to grapple with slowing demand in Europe and China, and forecast a weak second-quarter profit. The company said it expects an adjusted profit of 12 cents to 16 cents per share for the second quarter, on revenue of $225 million to $240 million. Analysts on average were expecting earnings of 19 cents per share, before items, on revenue of $236.2 million, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
No proof hackers stole Apple data from laptop: FBI
Tue,4 Sep 2012 02:40 PM PDT
Reuters -  NEW YORK (Reuters) - The FBI said on Tuesday there was "no evidence" to support claims that hacking group Anonymous infiltrated an FBI agent's laptop and lifted a file with identification numbers for more than 12 million Apple Inc products. Anonymous affiliate "AntiSec" posted a file on the Internet on Monday that it said contained more than 1 million of the Apple numbers. AntiSec said it had taken them from a Federal Bureau of Investigation agent's laptop in March. ...
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Amazon and Epix strike movie deal; Netflix shares drop
Tue,4 Sep 2012 02:05 PM PDT
Reuters -  (Reuters) - Amazon Inc and Hollywood studio partnership Epix struck a three-year deal that adds about 3,000 movies to Amazon's video streaming library, ramping up competition with the likes of Netflix Inc and Apple Inc. The news pushed Netflix shares down as much as 11 percent and comes two days before Amazon is expected to unveil at least one new tablet computer at an event near Los Angeles. The agreement gives Amazon Prime Instant Video subscribers access to such movies as "The Avengers," "Iron Man 2" and "The Hunger Games" from Epix's Hollywood studio owners and partners. ...
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Qatar's Al Jazeera website hacked by Syria's Assad loyalists
Tue,4 Sep 2012 01:55 PM PDT
Reuters - DUBAI (Reuters) - The website of Qatar-based satellite news network Al Jazeera was apparently hacked on Tuesday by Syrian government loyalists for what they said was the television channel's support for the "armed terrorist groups and spreading lies and fabricated news". A Syrian flag and statement denouncing Al Jazeera's "positions against the Syrian people and government" were posted on the Arabic site of the channel in response to its coverage of the uprising against President Bashar al-Assad which began in March last year. ... Full Story | Top |
Starbucks to offer deal through LivingSocial
Tue,4 Sep 2012 10:28 AM PDT
Reuters -  (Reuters) - Starbucks Corp, the world's largest coffee chain, is offering consumers a deal this week through daily-deal company LivingSocial, a vote of confidence in Groupon Inc's main rival. LivingSocial, part owned by Amazon.com Inc, will offer a $10 Starbucks gift card for $5 on Wednesday. Customers have six months to claim the card, which can be used across the United States, according to company executives. Starbucks plans to offer the deal to members of its rewards program, via email, Tuesday evening, giving loyal customers the first chance to buy. ...
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Apple sets September 12 event, latest iPhone expected
Tue,4 Sep 2012 10:27 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc distributed invitations to an event in San Francisco on September 12, setting the stage for what is widely expected to be the release of the iPhone 5. The typically cryptic invitation said "It's almost here", sported a number 12 - corresponding to the date of the event - and cast a large shadow of the number 5, a clue that the fifth version of the popular smartphone could be in the pipeline. Apple's iPhone launches are among the most-watched events on the tech industry calendar. ...
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Satnav battle heats up as drivers look for new gadgets
Tue,4 Sep 2012 10:02 AM PDT
Reuters - BERLIN (Reuters) - Garmin Ltd and TomTom NV are gearing up for battle as the world's two biggest navigation companies plan to lure customers back with new products offering extra features. Satnav sales have been in decline since 2008 as rivals like Google and Nokia gave away free navigation on smartphones. Once the darlings of the stock market, TomTom and Garmin have seen the value of their shares drop by more than 90 percent since the end of 2007, when satnav's were the hottest Christmas gifts. Having tried discounts, Garmin and TomTom are preparing to tempt customers back with newer models. ... Full Story | Top |
EU to clear UK mobile operators' e-wallet plan: source
Tue,4 Sep 2012 07:41 AM PDT
Reuters - BRUSSELS (Reuters) - European Union regulators will approve plans by British mobile operators Vodafone, O2 and Everything Everywhere to set up a joint venture to allow users to make payments and purchases with their phones, a person following the deal said on Tuesday. Vodafone, Telefonica's 02 and Everything Everywhere, owned by France Telecom and Deutsche Telekom, aim to compete with similar mobile payment services from Google, Apple and Facebook. The mobile wallet scheme, called Project Oscar, allows users to use their mobile for transactions instead of cash or cards. ... Full Story | Top |
Japan's NEC to sell entire Lenovo stake in $230 million deal: source
Tue,4 Sep 2012 06:54 AM PDT
Reuters -  TOKYO (Reuters) - Cash-strapped computer services provider NEC Corp will sell its entire stake in China's Lenovo Group Ltd in a transaction worth about 18 billion yen ($230 million), a source with direct knowledge of the matter told Reuters on Tuesday. The source added that NEC would maintain its joint venture with Lenovo in Japan. The details were in line with a report earlier on Tuesday by IFR, a Thomson Reuters publication. IFR said the offering price in the deal was equivalent to a discount of 1.8 percent to 4.8 percent to Lenovo's Tuesday closing price of HK$6. ...
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India's Infosys open to larger acquisitions: CFO
Tue,4 Sep 2012 06:38 AM PDT
Reuters -  BANGALORE (Reuters) - Indian IT outsourcer Infosys Ltd, which has long said it's comfort size for acquisitions is up to 10 percent of its own revenue, is open to bigger deals given the right opportunity, a top executive said. "Whatever size it is, if it makes strategic sense, if we feel we can take it and execute it, we'll look at it," V Balakrishnan, chief financial officer of India's second-biggest software services provider, told Reuters on Tuesday. "Why not? If it really makes a strategic fit, why not?" Infosys generated revenue of about $7 billion in the fiscal year that ended in March. ...
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Samsung's advanced TVs go missing en route to Berlin
Tue,4 Sep 2012 05:11 AM PDT
Reuters -  SEOUL/BERLIN (Reuters) - Two of Samsung Electronics' advanced OLED television sets have gone missing while on their way to the IFA consumer electronics fair in Berlin, the company said on Tuesday. The organic-light-emitting diodes (OLED) TVs disappeared between August 21 and 28, a company spokesman said, adding there was no threat to its presence at the show as there were more such sets at Samsung's booth in Berlin. An official complaint has been lodged with local police, a spokesman confirmed, but he added they didn't know where the TVs went missing or even if it was in Germany. ...
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Cambodia to deport Pirate Bay co-founder sought by Sweden
Tue,4 Sep 2012 03:19 AM PDT
Reuters -  PHNOM PENH (Reuters) - Cambodia will deport a Swedish co-founder of Pirate Bay, one of the world's biggest free file-sharing websites, who was convicted and sentenced to prison in Sweden for breaching copyright laws, a police official said on Tuesday. Gottfrid Svartholm Warg, 27, has been living in the Cambodian capital, Phnom Penh, and was arrested last week after a request from Sweden, but he may not necessarily be sent back home directly. ...
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Gatland named Lions coach for Australia tour
Tue,4 Sep 2012 03:13 AM PDT
Reuters - LONDON (Reuters) - Wales coach Warren Gatland was named on Tuesday coach of the British and Irish Lions for next year's tour to Australia. The New Zealander had been widely tipped for the role, although his involvement was threatened when he fractured both heels in a freak accident while on holiday back in his homeland following Wales' Six Nations grand slam this year. Having shrugged off his health concerns, the 48-year-old, who was an assistant to Ian McGeechan during the 2009 tour to South Africa, has been handed the task of guiding the Lions to their first series win in 16 years. ... Full Story | Top |
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