Today's Reuters Technology News Headlines - Yahoo! News:
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House passes cyber bill despite veto threat
Thu,26 Apr 2012 06:36 PM PDT
Reuters - WASHINGTON (Reuters) - The U.S. House of Representatives passed a cybersecurity bill on Thursday that would allow the government and companies to share information about hacking, but which has raised privacy concerns and a veto threat from the White House. The House approved the bill 248-168, prompting the top Republican and Democrat on the intelligence committee who sponsored it to issue a joint statement lauding the bipartisan approval. ... Full Story | Top |
Samsung posts record $5.15 billion profit; mobile sales surge
Thu,26 Apr 2012 04:57 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit on Friday, as its Galaxy smartphones and Note phone/tablet helped it win market share from Nokia and as it outmuscled Japanese rivals in TVs and memory chips. Samsung did not break out its first-quarter smartphone and handset shipments, but analysts forecast it ended Nokia's 14-year leadership of the global cellphone market, outselling the struggling Finnish company for the first time. Nokia sold 83 million handsets in January-March, including 12 million smartphones. ...
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Amazon's streak of Fire ignites shares
Thu,26 Apr 2012 04:56 PM PDT
Reuters -  (Reuters) - Amazon.com Inc's quarterly results beat Wall Street's most bullish expectations as heavy spending by the world's largest Internet retailer began to pay off through sales of more digital products on its new Kindle Fire tablet. Amazon shares surged almost 15 percent, increasing the company's market value by more than $10 billion and boosting the stake of Chief Executive Jeff Bezos by almost $2.5 billion. Analysts cheered first-quarter earnings and revenue which comfortably exceeded their forecasts. ...
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Zynga beats estimates, boosted by OMGPOP acquisition
Thu,26 Apr 2012 03:12 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Zynga Inc posted first-quarter revenue of $321 million, beating Wall Street expectations on the back of strong performances from new titles, including "Hidden Chronicles" and "Slingo," as well as the acquisition of social gaming startup OMGPOP. In late March, Zynga made its biggest acquisition ever by paying $180 million in cash to acquire OMGPOP, a relatively obscure New York-based company that shot to prominence about six weeks ago when its "Draw Something" game became a sensation in the mobile market. ...
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Google disputes FCC claims of obstruction
Thu,26 Apr 2012 03:05 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google said it would have been of little help to U.S. regulators to give them access to the engineer who wrote a computer program that let its Street View cars collect emails, passwords and other personal data from people's home wireless networks. "The fact that the engineer was legally unavailable did not leave any significant factual questions unanswered," Google wrote in a letter to the Federal Communications Commission's Enforcement Bureau on Thursday. ...
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FTC taps outside counsel for Google antitrust probe
Thu,26 Apr 2012 02:45 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - The Federal Trade Commission has turned to a high-profile outside attorney to help run its antitrust investigation into whether Google Inc promotes search results that favor its business. FTC Chairman Jon Leibowitz said on Thursday his agency had gone outside its staff because of the importance of the case, which could have implications for not just Google's growth ambitions but also consumers' use of the Internet. ...
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Globalive wins court battle, eyes more funding
Thu,26 Apr 2012 02:19 PM PDT
Reuters - OTTAWA/TORONTO (Reuters) - The end of a long legal battle over whether Globalive's foreign backing precluded it from offering wireless service in Canada opens the door for the company to amass more foreign cash ahead of an auction of airwaves next year, its chief executive said. Canada's Supreme Court declined on Thursday to hear a challenge to a government decision to allow Globalive to operate in Canada despite close ties to a foreign company, initially Egypt's Orascom Telecom Holding SAE but now Russia's Vimpelcom Ltd. ... Full Story | Top |
Expedia tops profit estimates, shares up
Thu,26 Apr 2012 02:15 PM PDT
Reuters - (Reuters) - Online travel agency Expedia Inc posted a higher quarterly profit on an adjusted basis as revenue rose, and its shares gained more than 15 percent. "Overall it looks pretty strong," Morningstar analyst Dan Su said, noting a rise in domestic and international bookings. "You probably would expect some headwinds in the Western economies would be pressuring growth" but there was no sign of that in the Expedia report, she said. The company had a net loss of $3.3 million, or 2 cents a share, in the first quarter, compared with earnings of $52 million, or 37 cents a share, a year earlier. ... Full Story | Top |
Instant View: Amazon trounces Street targets, shares soar
Thu,26 Apr 2012 02:13 PM PDT
Reuters - (Reuters) - Amazon.com Inc reported quarterly earnings that beat Wall Street's most bullish expectations after the world's largest Internet retailer brought costs under control, sending its shares almost 10 percent higher. COMMENTARY: RONALD JOSEY, ANALYST, THINKEQUITY "What jumped out to me was the gross profit, growth as well as their overall operating income margins of 3 percent relative to where expectations were. Net, net is: a much better topline than we were expecting and a much, much better bottomline. "The company is certainly performing incredibly well. ... Full Story | Top |
Seagate expands buyback plan by $2.5 billion
Thu,26 Apr 2012 02:03 PM PDT
Reuters -  (Reuters) - Seagate Technology said its board approved a plan to buy back up to an additional $2.5 billion worth of common stock. The amount is equal to about 18 percent of the company's market capitalization. The disk drive company said the latest buyback plan increases its total current buyback authorization to $3.5 billion. Seagate said it expects to fund the share repurchase through a combination of cash on hand, future cash flow from operations and potential alternative sources of financing. Shares of the company were trading marginally down at $30.85 in extended trade. They closed at ...
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Trimble Navigation to buy Google's SketchUp
Thu,26 Apr 2012 07:29 AM PDT
Reuters -  (Reuters) - Trimble Navigation Ltd has agreed to buy SketchUp 3D modeling platform from Google Inc for an undisclosed price, the companies said. As part of the SketchUp platform, Trimble will partner Google in developing SketchUp's 3D Warehouse — an online repository where users can find, share, store and collaborate on 3D models, the companies said in a joint statement. Trimble, which makes surveying, mapping, and marine navigation equipment, said SketchUp will enhance the integration of its field presence with the wider enterprise. ...
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Nintendo faces hard choices for a soft landing
Thu,26 Apr 2012 01:53 AM PDT
Reuters - TOKYO (Reuters) - In 2006 Nintendo took video gaming out of the kids' room and into the living room, as its hit Wii created a new niche as the console the whole family could share. But with that Wii boom waning, the successor being prepared by the creator of Super Mario looks like a losing proposition as Apple Inc and other smartphone and tablet makers take gaming to the bathroom, the commuter bus and back to the bedroom. Nintendo reported on Thursday its first ever operating loss with a deficit of 37. ... Full Story | Top |
Samsung says new Galaxy phone to use its quad-core processor
Wed,25 Apr 2012 08:06 PM PDT
Reuters - SEOUL (Reuters) - Samsung Electronics Co said on Thursday it would mass-produce its faster, energy-saving quad-core mobile microprocessor to power the third generation of its flagship Galaxy S smartphone, due to be unveiled next week. Samsung said it is sampling the chips to major handset makers as it seeks to expand its customer base from Apple Inc to its handset rivals such as Nokia , HTC and Motorola. ... Full Story | Top |
Analysis: Still in the frame, the camera defies smartphone onslaught
Wed,25 Apr 2012 07:09 PM PDT
Reuters - SINGAPORE (Reuters) - While most attention in the gadget world is on the breakneck pace of innovation in mobile phones, tablets and computers, another device has resolutely refused to die: the camera. Despite the onslaught of camera phones — the iPhone 4 has this year become the most popular device for posting snaps to the photo-sharing website Flickr — cameras are still being sold. Japan, the world's largest manufacturer, shipped nearly three times as many cameras in January as it did in the same month of 2003, when the camera phone was still in its infancy. ... Full Story | Top |
FCC okays AT&T spectrum transfer to T-Mobile USA
Wed,25 Apr 2012 06:17 PM PDT
Reuters -  NEW YORK (Reuters) - AT&T Inc, the No. 2 U.S. mobile service provider, has received regulatory approval for its plan to give T-Mobile USA a big chunk of spectrum as part of its break-up offering in compensation for the failure of their efforts to merge. AT&T was left with an obligation to give wireless air waves and $3 billion cash to Deutsche Telekom AG unit T-Mobile USA after AT&T's $39 billion plan to buy its smaller rival failed late last year due to strong regulatory opposition. ...
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