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| Saturday, Dec 28, 2013 07:31 PM PST | |
| Today's Reuters Technology News Headlines - Yahoo! News: | |
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| Sony to give up on sale of its battery unit: media Saturday, Dec 28, 2013 07:31 PM PST  Japan's Sony Corp has decided not to sell its lithium-ion battery unit, media reported on Sunday, in a gamble that it can turn the business around with a weak yen and growing demand for smart phone batteries. In addition to a weak yen, which can boost overseas earnings, the battery unit is also seeing increased demand for some of its new products, the Nikkei business daily reported. For the past two years Sony had been planning to offload the unit, which was a pioneer in making lithium-ion batteries for computers and mobile devices but has struggled recently against cheaper South Korean rivals. A government turnaround fund tried to broker a sale of the battery business to a Nissan Motor Co Ltd and NEC Corp joint venture earlier this year. Full Story | Top |
| Reddit reaches for profits through a geek-culture bazaar Saturday, Dec 28, 2013 04:07 AM PST By Gerry Shih SAN FRANCISCO (Reuters) - Social news hub Reddit snagged an interview with Barack Obama last year. After years of fitful experiments with paid subscriptions and display advertising, Reddit, with just 28 employees, has begun pouring resources into building an electronic bazaar. If Reddit Gifts, as the burgeoning bazaar is known, brings sustainable profitability, it would mark a turning point for an outfit that has exerted an outsized and sometimes controversial influence on Internet culture yet languished financially. Reddit estimates over 250,000 items have been purchased over the holiday, mostly as part of the 50 or so mostly geek-oriented Secret Santa gift exchanges - where zombie- or fantasy-themed presents, say, change hands - that users have created. Full Story | Top |
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