Today's Reuters Technology News Headlines - Yahoo! News:
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Australia court extends Samsung Galaxy Tab sales ban
Thu,1 Dec 2011 05:46 PM PST
Reuters -  SYDNEY (Reuters) - An Australian court on Friday extended a ban on sales of Samsung Electronics' latest Galaxy tablet in the country by at least a week, further delaying the South Korean technology firm's attempt to sell the device to Christmas shoppers. Samsung is locked in legal battle with Apple Inc over patents and the latest court decision is a small victory for the U.S. firm in its bid to prevent the sale of the Galaxy Tab 10.1, considered one of the main alternatives to Apple's Ipad. The Australian ban was set to expire by 4 p. ...
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Insight: Apple vs Samsung lawsuit full of secret combat
Thu,1 Dec 2011 03:58 PM PST
Reuters -  (Reuters) - The biggest legal battle for the technology industry is playing out in a federal court in Silicon Valley, where Apple is trying to stop Samsung from selling Galaxy phones and tablets in the United States. In the lawsuit, filed in April, Apple accuses Samsung of "slavishly" ripping off its designs for the iPad and iPhone. Although there is worldwide interest in the case, the proceedings have largely been shrouded behind a veil of secrecy: most of the court papers are sealed, meaning they can't be viewed by the public. ...
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Berlin's fears over T-Mobile's U.S. disposal grow: FT
Thu,1 Dec 2011 03:52 PM PST
Reuters - LONDON (Reuters) - The German government, Deutsche Telekom AG's biggest shareholder, is growing increasingly worried the company's disposal of its T-Mobile USA subsidiary may run aground over antitrust concerns, the Financial Times reported on Thursday. In its online edition, the newspaper cited government officials as saying Berlin was all but resigned to the deal with U.S. telecommunications group AT&T Inc falling through or to Deutsche Telekom attempting to reconfigure it. ... Full Story | Top |
Senator demands privacy info from software firm
Thu,1 Dec 2011 03:40 PM PST
Reuters - (Reuters) - Senator Al Franken asked software maker Carrier IQ to respond to claims by an independent security researcher that its products collect and transmit potentially sensitive data about millions of mobile phone users. Carrier IQ makes software that companies including AT&T Inc and Sprint Nextel install in mobile devices. It runs in the background, transmitting data that the software maker says its customers use to better understand their devices and networks, which allows them to improve their service. ... Full Story | Top |
EU, tech firms link up to protect children online
Thu,1 Dec 2011 11:26 AM PST
Reuters - BRUSSELS (Reuters) - The European Commission joined forces with major technology firms including Apple, Facebook and Google on Thursday to improve the protection of children online. The coalition, which includes 28 companies, will develop an age-based online ratings system and aims to strengthen privacy settings. It also plans by the end of next year to make it easier to report inappropriate content. Other measures include improving parental controls and enhancing cooperation among law enforcement and hotline authorities to remove online material showing sexual abuse. ... Full Story | Top |
Ireland/Iceland Atlantic cable aims for data jobs
Thu,1 Dec 2011 10:57 AM PST
Reuters - DUBLIN (Reuters) - Ireland and Iceland are seeking to fuel their hard-hit economies and exploit their position on the western edge of Europe with new data centers to be connected via a new, $300 million transatlantic telecoms cable by 2013. Irish Prime Minister Enda Kenny unveiled the project -- which Ireland hopes will help in its ambition in becoming a global hub for cloud computing -- on Thursday at Dublin Castle. ... Full Story | Top |
Disney CEO Iger buys $1 million worth of Apple stock
Thu,1 Dec 2011 09:46 AM PST
Reuters -  (Reuters) - Apple Inc's newest board member, Walt Disney Co Chief Executive Officer Bob Iger, bought about $1 million worth of the iPhone maker's shares earlier this week, a symbolic gesture of confidence in the prospects of the company. Iger, who was appointed to Apple's board on November 15, bought 2,670 Apple shares on the open market on Tuesday at an average price of $375 each, according to a U.S. Securities and Exchange Commission filing. Iger's wife also owns 75 Apple shares, the filing said. ...
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Costly Kindle fight hurting Barnes & Noble
Thu,1 Dec 2011 09:29 AM PST
Reuters -  (Reuters) - Barnes & Noble Inc's expensive investments to keep its Nook e-reader competitive with Amazon's Kindle led to an unexpected quarterly loss for the bookseller, sending its shares down as much as 24 percent on Thursday. The No. 1 U.S. bookstore chain, which has bet its future on the Nook as book sales shrivel, said sales from the Nook group of devices, including content like e-books, rose 85 percent to $220 million in its fiscal second quarter ended October 29. ...
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Blackstone, Bain plan Yahoo bid: source
Thu,1 Dec 2011 06:56 AM PST
Reuters -  NEW YORK (Reuters) - Blackstone Group and Bain Capital are preparing a bid for all of Yahoo Inc with Asian partners in a deal that could value the Internet company at about $25 billion, a source familiar with the matter said on Wednesday. The potential bid by the consortium, which would include China's Alibaba Group and Japan's Softbank Corp, has not yet been finalized, the source and two other people familiar with the matter said. ...
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Exclusive: Trulia hires PayPal executive as CFO
Thu,1 Dec 2011 02:52 AM PST
Reuters - (Reuters) - Real estate website Trulia Inc said on Thursday it hired veteran finance executive and deal-maker Sean Aggarwal from eBay Inc's PayPal to help manage a business that has grown significantly in the past year. Aggarwal, formerly vice president of finance at PayPal and chief financial officer of eBay's U.S. category, is joining Trulia as the company's CFO. Trulia, backed by venture capital firms Accel Partners and Sequoia Capital, also hired Scott Darling, former general counsel of Imperva Inc, a data-security software company that went public last month. ... Full Story | Top |
Groupon fourth quarter off to strong start: Yipit
Thu,1 Dec 2011 02:21 AM PST
Reuters - (Reuters) - Groupon Inc's fourth quarter got off to a strong start in October as the largest daily deal company's growth outpaced that of its closest rival, LivingSocial, industry data tracker Yipit said on Thursday. Groupon's gross billings totaled $176 million in October, up 22 percent from the previous month, Yipit said. LivingSocial gross billings totaled $54.9 million in October, down 8 percent from September. The previous month was boosted by a national deal LivingSocial did with Whole Foods Market. ... Full Story | Top |
Maxim says end of chip correction unclear
Wed,30 Nov 2011 05:07 PM PST
Reuters - SUNNYVALE, California (Reuters) - Short lead times from manufacturing customers are making it tough to predict end demand for microchips and hard to say whether an inventory correction is bottoming out, the chief executive of Maxim Integrated Products said. Struggling economies in the United States and Europe have crimped demand for electronics and in recent months pushed many manufacturers to reduce high inventories of chips and other components. Investors are looking for signs of whether the inventory adjustment is ending or could drag on due to economic uncertainty. ... Full Story | Top |
Borrowing from cable, game cos. seek subscribers
Wed,30 Nov 2011 04:38 PM PST
Reuters - NEW YORK (Reuters) - Video game companies want to turn gamers from one-time purchasers into subscribers who generate a steady and predictable revenue stream to boost business and protect against economic uncertainty. That was the message from top video game executives, including Activision Blizzard Chief Executive Bobby Kotick, Take Two Interactive CEO Strauss Zelnick and THQ Inc CEO Brian Farrell, who spoke at the Reuters Global Media Summit this week. Despite being forecast to grow 5 percent to $67. ... Full Story | Top |
AT&T, Deutsche Telekom eyed fallback venture: WSJ
Wed,30 Nov 2011 04:23 PM PST
Reuters - NEW YORK (Reuters) - AT&T Inc and T-Mobile USA's parent Deutsche Telekom have discussed options including forming a joint venture to pool the wireless operators' network assets if AT&T's proposed $39 billion plan to buy T-Mobile USA fails, the Wall Street Journal reported. However, the story, which cited unnamed people familiar with the matter, said the talks were "not advanced" and were "a plan the companies have on the back burner. ... Full Story | Top |
Financial strain, trauma for Olympus ex-CEO
Wed,30 Nov 2011 03:46 PM PST
Reuters -  NEW YORK (Reuters) - A six-week-long fight with Olympus Corp in one of Japan's biggest corporate scandals ever is taking its toll on the whistleblower -- former CEO Michael Woodford. Woodford, 51, who said he had been getting only a few hours of sleep a night since the Olympus scandal broke last month, told Reuters the fight proved to be emotionally traumatizing for him and his family, and had significantly strained his finances. ...
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