Today's Reuters Technology News Headlines - Yahoo! News:
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Facebook to hire thousands, sees fast growth
Fri,2 Dec 2011 02:43 PM PST
Reuters -  NEW YORK (Reuters) - Facebook, the social networking giant that is preparing to go public, said it plans to hire thousands of employees over the next year to keep up with what it expects to be rapid growth. "We are growing very quickly and have been through the economy," Facebook Chief Operating Officer Sheryl Sandberg said at a press conference. When asked if she asked that continue, she said: "That's what we are betting on. ...
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Timeline: RIM, creator of mobile email, faces fresh challenges
Fri,2 Dec 2011 12:35 PM PST
Reuters - (Reuters) - Research In Motion capped a dismal year on Friday with a steep profit warning as it wrote down inventories of its PlayBook tablet. Here is a timeline of major milestones for the Canadian company. February 1985 - Mike Lazaridis and Douglas Fregin co-found Research In Motion as an electronics and computer science business based in Waterloo, Canada, where Lazaridis studied. 1989 - RIM develops a network gateway later introduced as RIMGate, a predecessor to its BlackBerry Enterprise Server. 1992 - Jim Balsillie joins RIM as co-CEO, mortgaging his house and investing $250,000. ... Full Story | Top |
Ubisoft dances through holiday sales season
Fri,2 Dec 2011 11:10 AM PST
Reuters -  PARIS (Reuters) - French video games maker Ubisoft said it was well-positioned for the Christmas season after Thanksgiving sales proved better than last year, helped by a dance game featuring pop group the Black Eyed Peas. "Our sales at Thanksgiving were exceptional in the United States," said Yves Guillemot, CEO of Ubisoft, at the Reuters Global Media Summit in Paris. "We don't know what December will bring, but the first signs we have are good. For now, we have not seen any impact from the euro crisis. ...
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Apple's Siri irks abortion rights advocates
Fri,2 Dec 2011 11:03 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc is facing its first major controversy over well-received voice software Siri, as the cutting-edge iPhone search service ran afoul of abortion rights advocates. Siri - one of the most popular features of Apple's new iPhone 4S - drew the ire of bloggers and the National Abortion and Reproductive Rights Action League when it could not locate abortion clinics when asked. ...
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Western Digital could regain market share quickly
Fri,2 Dec 2011 08:12 AM PST
Reuters - (Reuters) - Hard disk drive maker Western Digital Corp, the worst hit by the Thai floods, could recover the market share it has lost to smaller rival Seagate Technology faster-than-anticipated, analysts said. Western Digital on Friday said it partly resumed production ahead of schedule and raised its outlook for the December quarter, prompting at least three brokerages to raise their price targets on the stock. Seagate was the least hit among hard disk drive makers and its factories were running at full capacity after the floods. ... Full Story | Top |
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 |
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