Today's Reuters Technology News Headlines - Yahoo! News:
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Nokia suffers second cut to "junk" as S&P downgrades
Fri,27 Apr 2012 11:18 PM PDT
Reuters -  HELSINKI/LONDON (Reuters) - Cellphone maker Nokia Oyj had its credit rating cut to "junk" status by ratings agency Standard & Poor's on Friday, its second downgrade to non-investment grade status this week as the company battles falling sales and doubts over its product strategy. ...
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Greed may be good, but it doesn't matter to judge
Fri,27 Apr 2012 11:11 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Greed does not matter when it comes to the legal battle of two Silicon Valley icons, a federal judge told jurors who are hearing the lawsuit Oracle filed against Google. "There has been a suggestion made that greed is at work here," U.S. District Judge William Alsup said on Friday. "That doesn't matter." His remarks served as a caution to the seven women and five men who are expected to begin their deliberations on Oracle's copyright claims next week. ...
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Greed may be good, but it doesn't matter to judge
Fri,27 Apr 2012 02:05 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Greed does not matter when it comes to the legal battle of two Silicon Valley icons, a federal judge told jurors who are hearing the lawsuit Oracle filed against Google. "There has been a suggestion made that greed is at work here," U.S. District Judge William Alsup said on Friday. "That doesn't matter." His remarks served as a caution to the seven women and five men who are expected to begin their deliberations on Oracle's copyright claims next week. ... Full Story | Top |
Apple courts EPIX for upcoming TV: sources
Fri,27 Apr 2012 01:51 PM PDT
Reuters -  LOS ANGELES (Reuters) - Apple Inc began talks earlier this year to stream films owned by EPIX, which is backed by three major movie studios, on devices including a long-anticipated TV, according to two people with knowledge of the negotiations. Apple, which now sells a $99 set-top box that hooks up to a television set and lets users stream online content from Netflix and the MLB channel, opened discussions with three-year-old EPIX, created by Lions Gate Entertainment Corp, MGM and Viacom's Paramount Pictures. ...
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Space shuttle Enterprise lands in New York atop jet
Fri,27 Apr 2012 12:33 PM PDT
Reuters -  NEW YORK (Reuters) - The space shuttle Enterprise flew to New York from Washington on Friday piggybacking atop a Boeing 747 and made a dramatic flight along the Hudson River past the Statue of Liberty to the delight of observers. En route to John F. Kennedy International Airport, the retired shuttle flew at low altitude along the river, giving residents of New York and New Jersey an extraordinary view of the craft, which will be put on display at a New York museum. ...
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Groupon gets new "Goods" chief from eBay: memo
Fri,27 Apr 2012 11:58 AM PDT
Reuters -  (Reuters) - Groupon Inc has hired another former eBay Inc executive to head its discount retailing arm Groupon Goods starting Monday, according to an internal email obtained by Reuters on Friday. The online coupon company named Faisal Masud to head the unit. Masud, who was head of global delivery experience at eBay, will report to Kal Raman, whom Groupon named head of its Americas region on Thursday. Masud takes over from Rajen Ruparell, who was in charge of the division and will move into a global sales leadership role, Chief Executive Andrew Mason said in the email. ...
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Amazon soars as digital sales boost margins
Fri,27 Apr 2012 10:01 AM PDT
Reuters -  (Reuters) - Amazon.com Inc's stellar quarterly results are helping convince skeptics on Wall Street that a bout of intense spending is beginning to pay off for an Internet retailer trying to transform itself into a technology company. Shares in Amazon leapt 15 percent on Friday after it reported first-quarter earnings and margins well above investors' most bullish expectations, tacking on some $10 billion in market value and marking its biggest single-day gain since October of 2009. ...
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Workers protest at Foxconn plant in China
Fri,27 Apr 2012 07:13 AM PDT
Reuters -  TAIPEI (Reuters) - Workers at a Chinese factory owned by Foxconn, Apple Inc's main manufacturer, threatened to jump off the roof of a building in a protest over wages just a month after the two firms announced a landmark agreement on improving working conditions. The protest happened in the central city of Wuhan at one of Foxconn's plants. The company employ some 1.2 million workers in China assembling iPhones and iPads, among other products. It involved some 200 workers, the Hong-Kong based activist group Information Centre for Human Rights said. ...
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Aware to sell patents to Intel for $75 million, shares surge
Fri,27 Apr 2012 06:35 AM PDT
Reuters - (Reuters) - Software maker Aware Inc said it will sell some patents related to WiFi and 4G LTE to Intel Corp for about $75 million, sending its shares up 70 percent. Aware, which sells software for biometrics and imaging applications, also declared a special cash dividend of $1.15 per share, or about $24 million, to be paid on May 25. Shares of the company were up $2.61 in early trade at $6.35 on Friday on the Nasdaq. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das, Saumyadeb Chakrabarty) Full Story | Top |
Allscripts shares plunge on weak outlook, board changes
Fri,27 Apr 2012 06:24 AM PDT
Reuters - (Reuters) - Allscripts Healthcare Solutions Inc's shares plunged 42 percent in premarket trade on Friday, after the company forecast weak full-year earnings, hurt by software development costs and weaker bookings. On Thursday, the healthcare information technology provider reported a lower-than-expected quarterly profit and also announced the resignation of its CFO, three directors and board Chairman Phil Pead. Citigroup analyst George Hill said the results were strongly disappointing and downgraded the company's stock to "neutral" from "buy. ... Full Story | Top |
Samsung sees Q2 global handset market growing slightly from Q1
Fri,27 Apr 2012 03:38 AM PDT
Reuters - SEOUL (Reuters) - South Korea's Samsung Electronics Co forecast on Friday global handset shipments would grow slightly in the second quarter and said it expected to outgrow the market. The firm expected the global handset market to grow by a high single digit percentage this year from a year ago, Robert Yi, Samsung's senior vice president, told analysts. ... Full Story | Top |
Galaxy phones power Samsung to record $5.2 billion profit
Fri,27 Apr 2012 03:38 AM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics made a record $5.2 billion profit in the first quarter, overhauling Nokia as the world's top mobile phone seller, and its Galaxy smartphones outstripped Apple's iPhone at the high end of the market. The South Korean group's handset division shifted more than 20,000 Galaxy phones an hour in the quarter and contributed most of its operating profit. That company's shares hit a lifetime high after the results, pushing its market value to $190 billion, 11 times that of Japanese rival Sony, though still only a third of Apple's, the world's most valuable company. ...
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Sharp to eke out profit on washing machines and printers
Fri,27 Apr 2012 01:34 AM PDT
Reuters - TOKYO (Reuters) - Japan's Sharp Corp predicted it will post a meager operating profit this business year as it looks to offset continued losses in its televisions and liquid crystal display business with earnings from household appliances and printers. The manufacturer of Aquos LCD TVs expects to earn an operating profit of 20 billion yen ($248 million)in the year that started in April compared with a 45 billion yen operating loss in the business year just ended. Sharp's problems mirror the grim performances at Japan's other major TV makers, Sony Corp and Panasonic Corp. ... Full Story | Top |
China state news portal jumps on debut after $219 million IPO
Fri,27 Apr 2012 01:30 AM PDT
Reuters - SHANGHAI (Reuters) - China's People.cn Co Ltd finished 74 percent higher on its first day of trading in Shanghai after a $219 million IPO as investors flocked to the state-backed news portal, giving it a bigger market value than the New York Times. Demand for People.cn shares were so high that the stock was suspended for most of the afternoon, after triggering multiple stock exchange circuit breakers. "Investors are scrambling for People.cn due to its scarcity. ... Full Story | Top |
F-Secure cuts growth outlook, shares drop
Fri,27 Apr 2012 12:56 AM PDT
Reuters - HELSINKI (Reuters) - Top European security software maker F-Secure Oyj cut its 2012 sales forecast and said a weak global economy could hurt its newly-launched data storage business, hitting its shares. F-Secure said it sees now its 2012 sales rising 5-10 percent from a year, lower than its February forecast of around 10 percent forecast and the market's average expectation for 11 percent growth. "As overall uncertainty in the global economy and financial markets is expected to continue, this may have an impact on operators' interest to invest in new services," the company said in a statement. ... Full Story | Top |
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