Today's Reuters Technology News Headlines - Yahoo! News:
|
|
Shares in Olympus dive on balance sheet worries
Wed,14 Dec 2011 07:30 PM PST
Reuters -  TOKYO (Reuters) - Shares in Japan's scandal-ridden Olympus Corp slumped almost 20 percent on Thursday after it corrected its accounts to reveal a dramatically weakened balance sheet, stoking talk that it might need to merge, sell assets or raise fresh capital. The maker of cameras and medical equipment ironed out its accounts on Wednesday, unwinding a 13-year book-keeping fraud that came to light in October, and showing that its net assets were $1.1 billion less than it had previously disclosed. For a graphic, click on http://link.reuters. ...
Full Story | Top |
Olympus aims for extraordinary shareholders' meeting March-April
Wed,14 Dec 2011 07:19 PM PST
Reuters - TOKYO (Reuters) - Disgraced Olympus Corp said on Thursday it aims to hold an extraordinary shareholders' meeting in March or April, as its scandal-tainted board faces pressure to step aside for the selection of new management to lead the 92-year-old firm. The camera and medical equipment maker, struggling to recover from a $1.7 billion accounting scandal, on Wednesday released restated accounts for the past five years and announced first-half results just in time to avoid an automatic delisting of its shares. (Reporting by Nobuhiro Kubo; Writing by Edmund Klamann; Editing by Edwina Gibbs) Full Story | Top |
Woodford says would recapitalize Olympus within few months
Wed,14 Dec 2011 06:10 PM PST
Reuters - TOKYO (Reuters) - Olympus Corp's ousted CEO Michael Woodford said on Wednesday he would recapitalize the camera and medical equipment maker within a few months if he returned and would favor investment by private equity or a rights issue to raise cash. He also told Reuters in an interview that if he went back to Olympus he would try to avoid taking it into any strategic alliance with another company. ... Full Story | Top |
Lam Research to buy Novellus Systems for $3.3 billion
Wed,14 Dec 2011 05:49 PM PST
Reuters - (Reuters) - Lam Research Corp , a supplier of wafer fabrication equipment, agreed to buy smaller rival Novellus Systems Inc for $3.3 billion in stock as it looks to gain cutting-edge technology and become more efficient. The deal is the latest acquisition in the semiconductor industry as manufacturers and chip-gear makers wrestle with cutthroat competition, waning PC sales growth and a weak economy. Under agreement's terms, Novellus stockholders will receive 1. ... Full Story | Top |
Analysis: Can Zynga break free from Facebook?
Wed,14 Dec 2011 04:08 PM PST
Reuters -  NEW YORK (Reuters) - "We generate substantially all of our revenue and players through the Facebook platform and expect to continue to do so for the foreseeable future," Zynga wrote in its IPO prospectus. Technically, the admission is called a risk factor. But since Zynga, the wildly popular maker of mobile and social games such as "Mafia Wars" and "FarmVille," generates about 95 percent of its revenue through Facebook, the worry for investors is that its relationship with Mark Zuckerberg's social network is less a risk factor than a business model. ...
Full Story | Top |
Glam Media moves closer to IPO, filing seen in Q2
Wed,14 Dec 2011 03:51 PM PST
Reuters - SAN FRANCISCO (Reuters) - Glam Media, the women's lifestyle online publishing and advertising company, is close to selecting bankers to lead an initial stock offering slated for 2012, according to people familiar with the matter. Investment banks Goldman Sachs and Morgan Stanley are in the running to lead Glam Media's IPO, the people said, following a selection process that involved presentations from roughly a dozen firms. ... Full Story | Top |
Amazon shares give up 2011 gains on profit concern
Wed,14 Dec 2011 03:35 PM PST
Reuters -  (Reuters) - Amazon.com Inc shares dropped to levels not seen since March Wednesday on concern that big spending and aggressive pricing by the No. 1 Internet retailer will hit profit during the crucial holiday season and well into next year. The shares slipped 30 cents to close at $180.21, but touched $170.25 earlier in the day. That put the stock at the lowest level since late March and left it in negative territory for the year. As recently as mid-October, the shares hit a record $246.71, up more than 35 percent for the year to date. ...
Full Story | Top |
Intel combines divisions in bid to boost mobile
Wed,14 Dec 2011 02:39 PM PST
Reuters -  SAN FRANCISCO (Reuters) - Chipmaker Intel is combining four divisions under a new mobile and communications unit in a bid to catch up in smartphones and tablets, where it has so far failed to gain traction. The new division combines Intel's netbook and tablets division, its ultra mobility division, the mobile communications division and the mobile wireless division, spokesman Robert Manetta told Reuters. "The ultimate goal is we want to speed up and improve the development process," he said. ...
Full Story | Top |
Sanchez, Gazit-Globe fail to impress on debut
Wed,14 Dec 2011 02:29 PM PST
Reuters - (Reuters) - Gazit-Globe and Sanchez Energy opened to a muted response on their trading debut, as companies without the dotcom tag find little favor with investors. IPOs of internet companies such as Groupon Inc, Angie's List Inc and Jive Software Inc had flying starts to their listings, while those of brick-and-mortar companies haven't managed to generate comparable investor interest. Earlier in the day, Luxfer Holdings, a maker of high-performance materials and gas cylinders, postponed its offering citing market conditions. ... Full Story | Top |
Graphic book reimagines key time in Steve Jobs' life
Wed,14 Dec 2011 01:52 PM PST
Reuters -  (Reuters) - Another new book about late Apple co-founder Steve Jobs is hitting bookshelves next month, this one a graphic narrative exploring the innovator's spiritual development, the publishers announced on Wednesday. "The Zen of Steve Jobs," by Forbes reporter Caleb Melby, is describe as a "thoroughly researched interpretation of a well-documented period" in Jobs' life which revolutionized technology and design, Forbes Media and John Wiley & Sons said. ...
Full Story | Top |
Telefonica cuts dividend target to focus on debt
Wed,14 Dec 2011 11:08 AM PST
Reuters -  MADRID (Reuters) - Spain's Telefonica SA trimmed its planned 2012 dividend on Wednesday in a move to keep its debt under control as the telecoms group battles sluggish economic growth in its home market and uncertainty in Europe. Spain's largest telephone company last month blamed a tough regulatory environment and challenging business conditions for a weak nine-month performance, but had promised to stick to its shareholder return targets. ...
Full Story | Top |
RIM investors fear more bad news on QNX
Wed,14 Dec 2011 10:59 AM PST
Reuters -  TORONTO (Reuters) - Research In Motion has already doled out a big helping of bad news ahead of its financial results on Thursday, but surprises could still await investors hungry for details about what many see as a new, make-or-break BlackBerry. Investors are desperate to know whether RIM will stand by its current timetable to switch its smartphones to the new QNX operating system by early next year. The transition is considered the Canadian company's last, best chance to reverse its declining fortunes. ...
Full Story | Top |
T-Mobile USA to aim Nokia phone at first-timers
Wed,14 Dec 2011 09:02 AM PST
Reuters - NEW YORK (Reuters) - T-Mobile USA, the No. 4 U.S. mobile service, plans to market the Lumia 710 phone from Nokia to first-time smartphone buyers as the two companies push to recoup market share losses of recent years. T-Mobile USA plans to sell the device, which runs on Microsoft Corp's, Windows operating system, for $49.99 from January 11, missing the key holiday-sales season. This will be the first smartphone to hit the U.S. market from an alliance Finland's Nokia forged with Microsoft earlier this year. The device will be a U.S. ... Full Story | Top |
Even market rocket scientists find euro crisis a challenge
Wed,14 Dec 2011 08:25 AM PST
Reuters - LONDON (Reuters) - Political turmoil in the euro zone is undermining the ability of computer-driven trading systems to cope with volatile market sentiment, challenging the "rocket scientists" who create them to seek new ways to guarantee returns. Some - many of whom started work as physicists rather than financiers - are looking outside the banking world to smarten up their systems. ... Full Story | Top |
Facebook launches tool to report suicidal behavior
Wed,14 Dec 2011 08:15 AM PST
Reuters - (Reuters) - Facebook launched a new suicide prevention tool on Tuesday, giving users a direct link to an online chat with counselors who can help, the company said. Friends are able to report suicidal behavior by clicking a report option next to any piece of content on the site and choosing suicidal content under the harmful behavior option, Facebook spokesman Frederic Wolens said. Facebook will then email the user in distress a direct link for a private online chat with a crisis representative from the National Suicide Prevention Lifeline as well as the group's phone number. ... Full Story | Top |
| |
|
No comments:
Post a Comment