Today's Reuters Technology News Headlines - Yahoo! News:
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Facebook deals may add a week to IPO timing: source
Tue,24 Apr 2012 06:29 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - A recent acquisition spurt by Facebook Inc may add about a week to the social network's journey to public markets, a source with knowledge of the situation said on Tuesday. Facebook recently agreed to buy photo-sharing start-up Instagram for about $1 billion and on Monday the company said it would pay $550 million for hundreds of patents from Microsoft Corp. The deals came weeks before Facebook was expected to enter the final stages of what will likely be the largest Silicon Valley initial public offering ever. ...
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Apple crushes Street targets, dispels iPhone fears
Tue,24 Apr 2012 04:27 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc's quarterly results beat Wall Street estimates on stronger-than-expected demand for the iPhone, especially in the greater China region where sales jumped five-fold. While iPad sales were a little lighter than expected, the overall results sent the stock up 7 percent, recouping some losses from the past two weeks that had stemmed from concerns about weakening sales growth for iPhones. Apple sold 35.1 million iPhones - which accounts for about half its revenue - in the March quarter, outpacing the 30 million or so expected by Wall Street analysts. ...
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Oracle confronts Google's Schmidt about Java
Tue,24 Apr 2012 03:47 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google's former CEO told jurors that he was confident that the Android smartphone platform was developed legally, and that top executives at Sun Microsystems did not object to the project now at the center of a high-stakes court battle. Eric Schmidt, now Google's executive chairman, took the stand on Tuesday in the trial of Oracle against Google over smartphone technology. Oracle, which acquired Sun in 2010, sued Google in August 2010, saying Android infringed on its copyrights and patents for the Java programming language. ...
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App aims to make "Hey Sexy" a sound of old New York
Tue,24 Apr 2012 03:19 PM PDT
Reuters -  NEW YORK (Reuters) - Exasperated by the wolf whistles and cat calls that seem to be the universal welcome for women passing construction sites? New York City is creating an app for that. City Council Speaker Christine Quinn, who is expected to run for mayor in 2013, said on Tuesday that $20,000 in city funding has been approved for development of a mobile-phone application to fight sexual harassment on the streets and subways. It will be developed by the creators of hollabacknyc.com, a website that asks people to use camera phones to take a photo or video of their harasser and post it online. ...
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Apple crushes Street targets, dispels iPhone fears
Tue,24 Apr 2012 03:17 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc's quarterly results beat Wall Street estimates on stronger-than-expected demand for the iPhone, especially in the greater China region where sales jumped five-fold. While iPad sales were a little lighter than expected, the overall results sent the stock up 7 percent, recouping some losses from the past two weeks that had stemmed from concerns about weakening sales growth for iPhones. Apple sold 35.1 million iPhones - which accounts for about half its revenue - in the March quarter, outpacing the 30 million or so expected by Wall Street analysts. ...
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Tech billionaires bankroll gold rush to mine asteroids
Tue,24 Apr 2012 02:58 PM PDT
Reuters -  CAPE CANAVERAL, Florida (Reuters) - Google Inc executives Larry Page and Eric Schmidt and filmmaker James Cameron are among those bankrolling a venture to survey and eventually extract precious metals and rare minerals from asteroids that orbit near Earth, the company said on Tuesday. Planetary Resources, based in Bellevue, Washington, initially will focus on developing and selling extremely low-cost robotic spacecraft for surveying missions. A demonstration mission in orbit around Earth is expected to be launched within two years, said company co-founders Peter Diamandis and Eric Anderson. ...
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LightSquared creditors unite against Phil Falcone
Tue,24 Apr 2012 01:42 PM PDT
Reuters -  NEW YORK (Reuters) - Hedge fund manager Philip Falcone will face a united front when negotiating with key investors that own bank debt sold by LightSquared, the money-losing wireless telecom company controlled by his fund. A number of LightSquared debt holders have joined together to retain high-powered bankruptcy attorney Thomas Lauria, who heads White & Case's global restructuring group, said two people familiar with the situation. ...
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Facebook deals may add week to IPO timing: source
Tue,24 Apr 2012 01:07 PM PDT
Reuters - SAN FRANCISCO (Reuters) - A recent acquisition spurt by Facebook Inc may add about a week to the social network's journey to public markets, a source familiar with the situation said on Tuesday. Facebook recently agreed to buy photo-sharing start-up Instagram for about $1 billion and on Monday the company said it would pay $550 million for hundreds of patents from Microsoft Corp. The deals came weeks before Facebook was expected to enter the final stages of what will likely be the largest Silicon Valley initial public offering ever. ...
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U.S. eyes broader cyber-threat pact with companies
Tue,24 Apr 2012 01:05 PM PDT
Reuters - ARLINGTON, Virginia (Reuters) - The U.S. government is close to completing rules for a long-awaited expansion of the number of defense contractors with which it swaps data on cyber threats, the Defense Department's chief information officer said on Tuesday. The number of companies would jump from 37 currently to 200, Teri Takai, the chief information officer, told a forum in Arlington, Virginia. Takai said she hoped that a federal rule-making process under way would wrap up within the next 60 days amid what she and other Pentagon officials describe as mounting cyber threats to U.S. ... Full Story | Top |
Ratings cut piles fresh agony on Nokia
Tue,24 Apr 2012 12:16 PM PDT
Reuters -  HELSINKI (Reuters) - Fitch ratings agency piled fresh agony on Nokia on Tuesday, cutting its debt rating to junk status for the first time and warning the struggling handset maker's cash position was under severe strain. Nokia's rating - already downgraded in recent weeks by Standard & Poor's and Moody's - was cut to BB+ from BBB- by Fitch which said this could be lowered further unless the company's business improved over the second half of 2012 and in 2013. ...
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Apple infringes on Motorola Mobility patent: ITC judge
Tue,24 Apr 2012 11:40 AM PDT
Reuters -  WASHINGTON (Reuters) - Apple Inc infringed on a Motorola Mobility Holdings Inc patent in making its popular iPhones, iPads and other products, a judge for the International Trade Commission ruled on Tuesday. ITC Judge Thomas Pender said in a preliminary ruling that Apple infringed on a patent for eliminating noise and other interference during voice and data transmissions. The full commission will now review the judge's decision and issue a final ruling in August. ...
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Analysis: As technology shifts, Asian giants wrestle for TV control
Tue,24 Apr 2012 11:22 AM PDT
Reuters -  TOKYO/TAIPEI (Reuters) - LG Electronics will steal a march on its rivals by bringing forward the launch of a 55-inch flat TV using next-generation technology, raising the stakes in a cut-throat battle for the living room between Asia's top tech powerhouses. The South Korean firm will introduce its organic light emitting display (OLED) TV in several European countries in May, well ahead of an original plan to launch in the second half, a source familiar with the matter told Reuters. ...
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HTC no longer to see U.S. as its top market
Tue,24 Apr 2012 02:12 AM PDT
Reuters - TAIPEI (Reuters) - Smartphone maker HTC Corp said on Tuesday the United States will no longer be its largest market from this year, and it won't return to the days of having 50 percent of its revenue from that market. The company made the remarks in a briefing to analysts on its second quarter outlook. (Reporting by Clare Jim) Full Story | Top |
Yahoo Japan, Yahoo Inc end talks on share buyback
Tue,24 Apr 2012 01:15 AM PDT
Reuters -  TOKYO (Reuters) - Yahoo Japan Corp's talks with key shareholder Yahoo Inc for a share buyback have ended with no agreement, but the companies left open the possibility of further negotiations, Yahoo Japan's chief financial officer Toshiki Ohya said on Tuesday. "We want to positively consider resuming negotiations if the conditions are right," Ohya told reporters. Yahoo Inc's chief executive, Scott Thompson, said last week the plan to sell its stake in Yahoo Japan has been plagued by a "valuation gap" that the parties have failed to bridge. ...
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Options market sees big earnings move for Apple
Tue,24 Apr 2012 01:07 AM PDT
Reuters -  NEW YORK (Reuters) - The wild ride in Apple shares this year could get even more interesting when the company reports quarterly results after the bell on Tuesday. Judging by trade in the options market, investors expect Apple shares to jump or fall by about 7.5 percent, a much greater swing than the average post-earnings move of about 4.25 percent in the past four quarters. Apple shares have experienced wild swings since touching an all-time high of $644 on April 10. The stock closed down 0.2 percent at $571.70 on Monday, but is up about 41 percent for the year. ...
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