Today's Reuters Technology News Headlines - Yahoo! News:
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Mexico's Slim hits back at overcharging claim
Tue,31 Jan 2012 04:39 PM PST
Reuters - MEXICO CITY (Reuters) - Mexican businessman Carlos Slim disputed on Tuesday an OECD report that Mexicans have been overpaying billions of dollars per year for telephone and Internet services. The Organization for Economic Co-operation and Development said in a report on Monday that Mexicans were overcharged $13.4 billion a year between 2005 and 2009 for fixed-phone, mobile and broadband services, a market dominated by Slim companies. In total, overcharging cost the Mexican economy $25.8 billion a year over the period, the international economic and social organization estimated. ... Full Story | Top |
Panasonic, Samsung to propose tie-up with Olympus: report
Tue,31 Jan 2012 04:22 PM PST
Reuters -  TOKYO (Reuters) - Japan's Panasonic Corp and South Korea's Samsung Electronics have each decided to propose capital ties with disgraced medical equipment maker Olympus Corp, the Mainichi newspaper reported on Wednesday. Other firms are already jostling to partner with Olympus, which has a 70 percent share of the global market for diagnostic endoscopes. Fujifilm Holdings Corp has proposed an alliance while medical equipment maker Terumo Corp has said it wants to strengthen ties. Electronics giant Sony Corp is also interested, sources have said. ...
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Mexico broadband project stuck in stalemate
Tue,31 Jan 2012 04:00 PM PST
Reuters - MEXICO CITY (Reuters) - An ambitious private project to unlock wireless access across Mexico appears to be stuck in a stalemate with the developer and the government unable to agree on terms. At the heart of the debate is 190 megahertz (MHz) of bandwidth owned by MVS Comunicaciones that could be used to deploy a next-generation LTE (Long Term Evolution) network in Mexico. The bandwidth, briefly used to transmit radio using microwaves in the 1990s, has been dormant for most of the last decade, sparking calls from competitors for it to be put up for grabs again. ... Full Story | Top |
Mexico broadband project stuck in stalemate
Tue,31 Jan 2012 03:59 PM PST
Reuters - MEXICO CITY (Reuters) - An ambitious private project to unlock wireless access across Mexico appears to be stuck in a stalemate with the developer and the government unable to agree on terms. At the heart of the debate is 190 megahertz (MHz) of bandwidth owned by MVS Comunicaciones that could be used to deploy a next-generation LTE (Long Term Evolution) network in Mexico. The bandwidth, briefly used to transmit radio using microwaves in the 1990s, has been dormant for most of the last decade, sparking calls from competitors for it to be put up for grabs again. ... Full Story | Top |
Panasonic, Samsung to propose tie-up with Olympus: report
Tue,31 Jan 2012 03:39 PM PST
Reuters - TOKYO (Reuters) - Japan's Panasonic Corp and South Korea's Samsung Electronics have each decided to propose capital ties with Olympus Corp, the Mainichi newspaper reported on Wednesday. Among the firms jostling to partner with the scandal-hit endoscope and camera maker, Fujifilm Holdings Corp has already proposed an alliance while Terumo Corp has said it wants to strength ties. Sony Corp is also interested, sources have said. In addition to Panasonic and Samsung, another Japanese firm which was not identified will also make a proposal, the Mainichi said. ...
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Facebook to file $5 billion IPO Wednesday: IFR
Tue,31 Jan 2012 03:29 PM PST
Reuters -  NEW YORK (Reuters) - Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR. The company founded by Mark Zuckerberg in a Harvard dorm room in 2004 picked Morgan Stanley to take the coveted "lead left" role in what is expected to be the largest IPO ever to emerge from Silicon Valley. The $5 billion is a preliminary target and could be ramped up in coming months in response to investor demand, IFR added. ...
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Seagate Technology Q2 beats Street on margins
Tue,31 Jan 2012 03:23 PM PST
Reuters -  (Reuters) - Hard drive maker Seagate Technology's posted better-than-expected quarterly earnings on strong margins, and followed rival Western Digital Corp in signaling a recovery from the floods in Thailand. Last year's flooding in Thailand, the country's worst in decades, disrupted production at the world's No. 2 exporter of hard drives as factories and industrial estates were inundated. On January 23, Western Digital -- worst hit of the two from the floods -- reported better-than-expected quarterly results and forecast a strong current quarter. ...
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Apple hires Dixons chief to drive global retail
Tue,31 Jan 2012 03:20 PM PST
Reuters -  LONDON/SAN FRANCISCO (Reuters) - Apple Inc has hired Dixons Chief Executive John Browett, who revived the British electronics retailer by emphasizing customer service, to lead the iPad maker's global retail expansion. Apple chief Tim Cook, making his first high-profile hire since taking the helm of the world's largest technology company, lured the well-regarded industry executive to fill a critical post once held by Ron Johnson, another outsider who left Target Corp to join Apple in 2000. Johnson resigned from Apple last November to join retailer J.C. Penney Co Inc as chief executive. ...
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Analysis: Patent plaintiffs target Facebook as IPO approaches
Tue,31 Jan 2012 12:38 PM PST
Reuters -  SAN FRANCISCO (Reuters) - As it prepares for one of the biggest IPOs ever, Facebook is coming under the same fierce attacks being waged against other big technology companies: patent lawsuits. Last year, Facebook was named as a defendant in 22 lawsuits accusing it of patent infringement, double the number from 2010, according to a Reuters analysis of court documents on legal database Westlaw, a Thomson Reuters unit. Among the lawsuits is one alleging Facebook violated a patent that covers the core ability to transmit messages to large networks of users. ...
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Kodak employee sues company directors over stock
Tue,31 Jan 2012 12:24 PM PST
Reuters -  (Reuters) - An Eastman Kodak employee filed a civil lawsuit against Kodak's board members and other fiduciaries of the photography companies' retirement plans, saying they breached their duties as the company was spiraling toward bankruptcy. Mark Gedek, who continues to work at Kodak, said in the lawsuit that he is a participant in the Kodak Employees Savings and Investment Plan as well as the Kodak Employee Stock Ownership Plan. The board members and directors of those plans continued to sell shares to employees and invest in them ahead of the bankruptcy, he said. ...
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Sharp to halve LCD panel output at Osaka
Tue,31 Jan 2012 11:38 AM PST
Reuters -  (Reuters) - Sharp Corp will halve its LCD panel output at its Sakai facility in Osaka in Japan, marking its second deep production cut in a year, hurt by slumping television demand, the Nikkei business daily said. The reduced rate of production, which will continue for a month or more, is likely to hurt Sharp's earnings and the company is expected to report a group net loss for the fiscal year ending March 31, its first in three years, the newspaper reported. ...
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Andreessen Horowitz raises $1.5 billion fund
Tue,31 Jan 2012 11:21 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Venture capital fund Andreessen Horowitz raised $1.5 billion for a new fund, bringing the firm's assets under management to $2.7 billion and cementing the firm's position among the venture-capital elite. "It's a very opportunity-rich environment right now," said Marc Andreessen, the firm's co-founder, who said the firm planned to stick to its strategy of investing in companies with the potential to upend an industry, often around the software theme, which he sees playing out for some time. ...
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Google defends change to privacy policies
Tue,31 Jan 2012 10:47 AM PST
Reuters -  WASHINGTON (Reuters) - Planned changes to Google Inc's privacy policies that have caught the attention of U.S. lawmakers would not take away the control its customers have over how data is collected and used, the company said in a blog post on Tuesday Google, whose offerings include its flagship search engine, Gmail, YouTube and Google+ products, announced last week that it was unifying 60 of its privacy policies. ...
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Hitachi's Q3 operating profit may fall 33 percent: report
Tue,31 Jan 2012 10:37 AM PST
Reuters -  (Reuters) - Japanese conglomerate Hitachi Ltd might post a 33 percent fall in its operating profit for the three months ended December, hurt by a strong yen and weak sales, business daily The Nikkei reported. The company is expected to report operating profit of about 80 billion yen ($1.05 billion) for the quarter, the daily said. It had posted a 9 percent dip in its operating profit in the quarter ended September 2011, the paper said. For the nine months ended December, operating profit may decline by 26 percent to 250 billion yen ($3.28 billion), the newspaper said. ...
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Lexmark cutting 625 jobs
Tue,31 Jan 2012 08:43 AM PST
Reuters - (Reuters) - Printer maker Lexmark International Inc said it is slashing 625 jobs globally as part of a restructuring plan and forecast weaker sales and earnings in the current quarter. The company also reported lower fourth-quarter results on Tuesday, but adjusted earnings topped expectations. Lexmark has been phasing out printers targeted at the consumer market in recent years and is now focused on selling to corporate clients that print more pages and consume more supplies such as ink and toner. ... Full Story | Top |
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