Today's Reuters Technology News Headlines - Yahoo! News:
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Lawsuit over HP ex-CEO Hurd payout dismissed
Tue,25 Sep 2012 06:35 PM PDT
Reuters -  (Reuters) - A federal judge has dismissed a shareholder lawsuit filed against former Hewlett Packard Co Chief Executive Mark Hurd and the company's board of directors that claimed Hurd received an excessive payout when he abruptly quit two years ago. U.S. District Judge Edward Davila of San Jose, California, said the plaintiffs failed to show that the board's approval of Hurd's separation agreement was not in the company's best interest. ...
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Yahoo CEO fleshes out plans, new CFO named
Tue,25 Sep 2012 05:55 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - New Yahoo Inc CEO Marissa Mayer laid out broad goals for the Internet giant in her first companywide address Tuesday, and received an enthusiastic reception from a workforce that has faced years of uncertainty and management turmoil. Mayer mainly sketched broad visions rather than concrete details for her turnaround strategy, according to several people familiar with what was said in the tightly controlled meeting. ...
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Google executive in Brazil faces arrest over elections law
Tue,25 Sep 2012 05:24 PM PDT
Reuters -  SAO PAULO (Reuters) - An elections court in Brazil has ordered the arrest of Google's most senior executive in the country after the company failed to take down YouTube videos attacking a local mayoral candidate. Google is appealing the order, which follows a similar decision by another Brazilian election judge. In that case, a judge found another senior executive responsible for violating local election law. That decision was overturned last week. ...
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Widespread use of digital "wallets" to take time: Canada panel
Tue,25 Sep 2012 05:11 PM PDT
Reuters - TORONTO (Reuters) - Canadian banks and telecom providers are scrambling to introduce smartphone digital "wallets," but the dream of completely abandoning the traditional billfold in favor of a smartphone is likely several years away, according to speakers at an e-commerce conference in Toronto on Tuesday. Digital wallets will allow consumers to make cash and credit card transactions using their smartphones by swiping the phone past a sensor and then entering a PIN number to complete the payment. ... Full Story | Top |
RIM spurs rare optimism with surprising growth, new phone
Tue,25 Sep 2012 05:05 PM PDT
Reuters -  SAN JOSE (Reuters) - Research in Motion offered investors a ray of hope on Tuesday, announcing an unexpected increase in subscriber numbers that sent its shares up 5 percent as the company worked hard to drum up enthusiasm for its crucial Blackberry due 2013. Waterloo, Ontario-based RIM, a pioneer in the smartphone arena, has in past years lost market share in North America to Apple Inc and Samsung, whose more versatile and user-friendly devices took off. ...
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Cisco CEO: Next US president must take page from Clinton's book
Tue,25 Sep 2012 04:43 PM PDT
Reuters - NEW YORK (Reuters) - Cisco Systems Inc CEO John Chambers, a supporter of Mitt Romney, says the country's next head of state should take his cues from former President Bill Clinton, regardless of who emerges as the victor in November's election. "There's a lot to learn from President Clinton. It kills me as a strong Republican saying it, but he was the most effective president during my lifetime," Chambers told Reuters in an interview on Tuesday. ... Full Story | Top |
Cisco CEO suggests Whitman will have hard time turning around HP
Tue,25 Sep 2012 03:41 PM PDT
Reuters -  (Reuters) - Meg Whitman faces a daunting task in trying to turn around Hewlett Packard -at least in the opinion of one of her chief rivals, Cisco Chief Executive John Chambers. "There's not been a company ever turned around by the fifth CEO on the job," Chambers said in a wide-ranging interview with Reuters, referring to HP's management history. Whitman replaced the harshly criticized Leo Apotheker at the helm of HP almost exactly one year ago in a bid to restore investor confidence in the iconic Silicon Valley company. Chambers said there was potential for HP, the world's No. ...
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Huawei urged to consider Australian float: report
Tue,25 Sep 2012 03:39 PM PDT
Reuters -  SYDNEY (Reuters) - A board member of the Australian arm of China's Huawei Technologies Co Ltd, which was banned from tendering for work on Australia's $38 billion broadband network, says it should consider a local float to ease security concerns, the Australian Financial Review reported on Wednesday. The paper quoted board member John Brumby, a former premier of Victoria state, as saying he was urging Huawei to consider building an Australian research and technology centre and an eventual local stock exchange listing. ...
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Gov. Brown gives green light to driverless cars in California
Tue,25 Sep 2012 03:03 PM PDT
Reuters - MOUNTAIN VIEW (Reuters) - California took the fast lane to the future on Tuesday when Gov. Jerry Brown signed a law that lets self-driving cars onto public roads. Brown rode to the signing ceremony at Google Inc headquarters in the passenger seat of a vehicle that steered itself, a Prius modified by Google. Google co-founder Sergey Brin and State Sen. Alex Padilla, who sponsored the bill, were along for the ride. An engineer for the technology company, Chris Urmson, sat in the driver's seat, but the car drove itself. ... Full Story | Top |
Yahoo names new CFO as Mayer fleshes out plans
Tue,25 Sep 2012 02:55 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Yahoo Inc on Tuesday named software executive Ken Goldman its new chief financial officer, as recently installed Chief Executive Marissa Mayer ramped up her efforts to turn around the Internet pioneer. Goldman, formerly chief financial officer at cybersecurity software firm Fortinet, has held similar positions at Siebel Systems before its sale to Oracle Corp. The appointment comes two months after Yahoo's board tapped Mayer, a longtime Google Inc executive, to restore a household Internet name overshadowed by rivals like Facebook Inc and Google in recent years. ... Full Story | Top |
Ericsson buys Canada-based ConceptWave Software
Tue,25 Sep 2012 02:19 PM PDT
Reuters -  (Reuters) - Ericsson, the world's leading mobile telecoms equipment maker, bought Canadian telecommunications software provider ConceptWave Software Inc. Toronto-based ConceptWave will become a fully owned unit of Ericsson and its 170 employees will be a part of Ericsson. Financial terms of the deal were not disclosed. Shares of Ericsson closed at $9.21 on the Nasdaq on Tuesday. (Reporting by Chandni Doulatramani in Bangalore; Editing by Don Sebastian)
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RIM says subscriber base grows to 80 million; shares jump
Tue,25 Sep 2012 01:27 PM PDT
Reuters - SAN JOSE (Reuters) - Research in Motion offered investors a ray of hope on Tuesday, announcing an unexpected jump in subscriber numbers that sent its shares up 5 percent, even as the embattled BlackBerry maker worked hard to drum up enthusiasm for its new BB10 devices. Waterloo, Ontario-based RIM, once a pioneer in the smartphone arena, has rapidly lost market share in North America to Apple's snazzier iPhone and Samsung's Galaxy devices. ...
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Teliasonera to start Yoigo sale soon -sources
Tue,25 Sep 2012 08:59 AM PDT
Reuters - PARIS/LONDON (Reuters) - Teliasonera will kick off the sale process for its Spanish mobile operator, Yoigo, in the next two weeks in a deal that is expected to attract bids from France Telecom and Vodafone, three people familiar with the matter said. Information documents are set to go out soon to bidders, the people told Reuters, after being delayed over the summer by holidays and the departure of Yoigo's chief executive. The Nordic telecoms group has hired Deutsche Bank to manage the disposal of its 76.6 percent stake in Yoigo, which it hopes can fetch roughly 1 billion euros ($1. ... Full Story | Top |
Former principal sues Pantheon Ventures for discrimination
Tue,25 Sep 2012 08:55 AM PDT
Reuters - SAN FRANCISCO (Reuters) - A former principal at Pantheon Ventures, Carol Foster, has sued the firm for gender and age discrimination, as well as defamation, according to a lawsuit filed in Superior Court of California. The suit charges that Foster, a principal in her late 40s, missed out on key financial benefits the firm had promised her and lost sales territory to younger male colleagues, while a senior male partner derided her gathering of high-profile women in private equity as a "hen party". Foster is asking for compensatory, punitive and special damages. ... Full Story | Top |
U.S. tech firm ServiceSource to expand in Britain
Tue,25 Sep 2012 08:00 AM PDT
Reuters - LONDON (Reuters) - U.S. firm ServiceSource International said it would expand in Britain to meet demand from corporate customers who use its services to generate more revenue from existing clients. The group helps companies, mainly in the technology sector such as Adobe Systems, AT&T and Verizon, to manage service contract renewals, an area of business often neglected, according to European managing director Martin Moran. But tough European markets were encouraging firms to fight harder to keep the customers they had already won, he said. ... Full Story | Top |
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