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| U.S. seeks to tackle trade-secret theft by China, others Wednesday, Feb 20, 2013 07:52 PM PST  WASHINGTON (Reuters) - Faced with the growing theft of U.S. trade secrets, the White House said on Wednesday it was stepping up diplomatic pressure and mulling tougher laws to stem the threat to American businesses and security from China and other nations. The plan includes working with like-minded governments to put pressure on bad actors, using trade policy tools, increasing criminal prosecutions and launching a 120-day review to see whether new U.S. legislation is needed. "A hacker in China can acquire source code from a software company in Virginia without leaving his or her desk," U.S. ... Full Story | Top |
| Sony unveils new PlayStation 4 console Wednesday, Feb 20, 2013 07:36 PM PST  NEW YORK (Reuters) - Sony Corp unveiled its first video game console in seven years on Wednesday that will let users stream and play video games hosted on servers, hoping the move will help stem user losses, pre-empt the next version of Microsoft's Xbox and propel it back to the top of the videogame hardware industry. The company revealed its PlayStation 4 console, which will succeed the PlayStation 3, at a flashy event in New York with game developers like Ubisoft and Activision Blizzard in attendance. Sony said the console would be available for the holiday 2013 season. ... Full Story | Top |
| Hedge fund manager Einhorn takes Apple campaign to shareholders Wednesday, Feb 20, 2013 05:36 PM PST  SAN FRANCISCO (Reuters) - Hedge fund manager David Einhorn, who is battling Apple Inc in court as part of a wider effort to get iPhone-maker to share more of its cash pile, will now make a direct appeal to the company's shareholders. He will host a conference call on Thursday to argue the merits of distributing perpetual preferred stock -- his favored way of rewarding shareholders. ... Full Story | Top |
| U.S. to tackle trade secret theft from China, others Wednesday, Feb 20, 2013 01:14 PM PST WASHINGTON (Reuters) - The White House said on Wednesday it will step up diplomatic pressure and study whether tougher laws are needed to stop a wave of trade secret theft from China and other countries in a strategy that offered few new ideas for dealing with the threat. "Trade secret theft threatens American businesses, undermines national security and places the security of the U.S. economy in jeopardy," the White House said in a report that laid out its strategy. "These acts also diminish U.S. export prospects around the globe and put American jobs at risk. ... Full Story | Top |
| U.S. unveils plan to tackle trade secret theft from China, others Wednesday, Feb 20, 2013 12:21 PM PST WASHINGTON (Reuters) - The White House on Wednesday said it would step up diplomatic pressure and study if tougher laws are needed to stop a wave of trade secret theft from China and other countries in a strategy that offered few new ideas for dealing with the threat. "Trade secret theft threatens American businesses, undermines national security, and places the security of the U.S. economy in jeopardy. These acts also diminish U.S. export prospects around the globe and put American jobs at risk," the White House report said. ... Full Story | Top |
| Twitter begins integrating advertising software Wednesday, Feb 20, 2013 11:01 AM PST  SAN FRANCISCO (Reuters) - Twitter Inc said on Wednesday it is opening up its platform to third-party advertising management software, taking another step to establish its ad-based business model ahead of an initial public offering. The ads application programming interface, or API, would allow advertisers to connect their existing ad management software to their Twitter account to automate ads on the micro-messaging platform. Twitter said that it would begin by integrating with ad software by Adobe Systems Inc, Salesforce Inc, Hootsuite, SHIFT and TBG Global. ... Full Story | Top |
| Apple supplier Foxconn freezes hiring at largest plant Wednesday, Feb 20, 2013 10:26 AM PST  TAIPEI/NEW YORK (Reuters) - Apple Inc's manufacturing partner Foxconn Technology Group has frozen hiring at a Shenzhen plant that makes gadgets including the iPhone 5 and put the brakes on recruiting for other factories across China, but said the move was not linked to any single client. Foxconn, which runs a network of factories across the world's No. 2 economy that make products for tech companies from Hewlett Packard to Dell, sought to pour cold water on a Financial Times report that it had imposed a hiring freeze while it slows production of Apple's latest smartphone. ... Full Story | Top |
| Yahoo goes social, teams with Facebook for site revamp Wednesday, Feb 20, 2013 09:43 AM PST  (Reuters) - Yahoo Inc is overhauling its website to incorporate features familiar to Facebook users such as a newsfeed and people's "likes," in CEO Marissa Mayer's biggest product revamp since taking the helm of the ailing company last year. Mayer, who took over in July after a procession of CEOs was shown the door, said in a blog post on Wednesday that Yahoo's redesigned website will let users log in with their Facebook IDs to gain access to content and information shared by friends - from articles and videos to birthdays. ... Full Story | Top |
| China says U.S. hacking accusations lack technical proof Wednesday, Feb 20, 2013 09:43 AM PST  BEIJING (Reuters) - Accusations by a U.S. computer security company that a secretive Chinese military unit is likely behind a series of hacking attacks are scientifically flawed and hence unreliable, China's Defense Ministry said on Wednesday. The statement came after the White House said overnight that the Obama administration has repeatedly taken up its concerns about cyber-theft at the highest levels of the Chinese government, including with Chinese military officials. ... Full Story | Top |
| Leap Wireless customer losses disappoint, shares fall Wednesday, Feb 20, 2013 09:09 AM PST (Reuters) - Leap Wireless International Inc reported a 1.5 percent decline in quarterly revenue as it lost far more customers than Wall Street had feared, sending its shares down 7 percent. The wireless service provider for budget-conscious customers who pay for calls in advance, said it lost 337,000 net customers in the fourth quarter. The average expectation on Wall Street was for losses of 55,000 customers, according to analysts. ... Full Story | Top |
| HTC launches smartphone with revamped software to take on Samsung Wednesday, Feb 20, 2013 07:11 AM PST  LONDON/TAIPEI (Reuters) - Taiwan's HTC Corp has unveiled the new smartphone that it hopes will set it apart from the crowd of Google Android devices on the market and help it make up ground lost to Samsung Electronics Co Ltd and Apple Inc. It has distinguished the phone, the HTC One, from rival Android devices by using new software - the BlinkFeed feature - to replace icons on the home screen with a personalized stream of news articles, social networking updates, photos and video. ... Full Story | Top |
| Garmin forecasts weak 2013 as handheld devices still drag Wednesday, Feb 20, 2013 06:00 AM PST (Reuters) - Garmin Ltd forecast full-year results below analysts' estimates suggesting a market share gain from smaller rivals could no longer offset a lack of demand for its GPS-enabled handheld navigation devices. Shares of Garmin, whose quarterly profit also fell short of market estimates, dropped 9 percent before the bell. The No. 1 U.S. navigation device maker has been trying to fight sluggish demand for these once must-have gadgets by bundling them with high-margin specialized mapping services, as smartphones loaded with free mapping apps invade its market. ... Full Story | Top |
| Rostelecom bets on mobile internet, cloud to grow Wednesday, Feb 20, 2013 05:19 AM PST  MOSCOW (Reuters) - Rostelecom hopes mobile broadband will offset declines in its core fixed-line calls business as it seeks a greater share of Russia's increasingly competitive telecoms market, CEO Alexander Provotorov told Reuters. The state-controlled former long-distance call monopoly was beefed up in 2011 through a merger with several regional operators to challenge private players in more lucrative market segments such as mobile, broadband and pay TV. While local fixed-line calls over its 2. ... Full Story | Top |
| Yahoo co-founder Jerry Yang joins Lenovo board as observer Wednesday, Feb 20, 2013 05:02 AM PST  HONG KONG (Reuters) - Lenovo Group said Yahoo! co-founder Jerry Yang is to join its board as an observer, as the world's No. 2 maker of PCs expands its mobile business to tap global demand for smartphones and tablets. Yang, who co-founded Yahoo! in April 1995 and served as chief executive from June 2007 to January 2009, will not be able to vote or have any of the other rights of a director, Lenovo said on Wednesday. The Hong Kong-listed company will pay Yang $61,875 per year and offer equity rights with a value of $135,000 in return for attending board meetings and providing views. ... Full Story | Top |
| "Amazon tax" payoff starts to arrive in some U.S. states Wednesday, Feb 20, 2013 03:06 AM PST  (Reuters) - Sales tax from Internet commerce, a prize pursued for years by U.S. state governments, is starting to arrive in California and a few other states, providing millions of dollars in new revenue, though not as much as a benchmark study once forecast. After fighting hard to get e-tailers such as Amazon.com Inc to start charging sales tax, and eventually passing a law requiring collection, the California Board of Equalization reported last week it took in $96.4 million in September-December 2012, its first full quarter of collections. ... Full Story | Top |
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