Today's Reuters Technology News Headlines - Yahoo! News:
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Microsoft buys Nook stake, Barnes & Noble shares soar
Mon,30 Apr 2012 05:49 PM PDT
Reuters -  NEW YORK/SEATTLE (Reuters) - Microsoft Corp is jumping into the fast-growing e-books market by investing $605 million over five years in Barnes & Noble Inc's Nook e-reader and college business, as it looks to unlock Amazon.com and Apple Inc's grip on the exploding tablet computer market. The move comes just six months before the world's largest software maker is due to launch its new touch-enabled Windows 8 operating system, and the inclusion of a Nook app on Windows tablets should allow them to compete with Apple's iPad and Amazon's Kindle Fire. ...
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Google switches executive's payout from stock to cash
Mon,30 Apr 2012 03:54 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Google Inc canceled thousands of stock options and stock units awarded to its chief business officer earlier this month and said it would instead pay him $8 million in cash. Nikesh Arora, who oversees Google's revenue operations as well as marketing and partnerships, will receive the payment on May 11, according to a filing Google provided to the U.S. Securities and Exchange Commission on Monday. The change means Arora will not have to wait for the payout until 2015, when the stock units and options vested. Arora will also get a $3. ... Full Story | Top |
Shareholder sues Google to block stock split
Mon,30 Apr 2012 03:54 PM PDT
Reuters -  WILMINGTON, Delaware (Reuters) - Google Inc and its board were sued on Monday by a shareholder who wants to block the company's stock split plan because it entrenches the Web search company's co-founders Larry Page and Sergey Brin, according to court documents. Google announced the surprise stock split plan earlier this month, in which shareholders would get one new share of non-voting "Class C" stock for each existing "Class A" share. As a result, Google will be able to issue new shares for acquisitions and employee compensation without diluting the 56. ...
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Hitachi-LG exec to plead guilty to price fixing: U.S.
Mon,30 Apr 2012 02:28 PM PDT
Reuters - WASHINGTON (Reuters) - An executive with Hitachi-LG Data Storage has agreed to plead guilty and serve a prison sentence for rigging bids for optical disk drives for computers, the U.S. Department of Justice said on Monday. Senior sales manager Woo Jin Yang was accused of rigging bids for drives sold to Hewlett-Packard Co between 2006 and 2009, the Justice Department said. He faces four felony charges filed in the U.S. District Court for the Northern District of California, and has agreed to spend six months in prison and pay a fine of $25,000, the government said. ... Full Story | Top |
Microsoft eyes tablet lift via Barnes & Noble deal
Mon,30 Apr 2012 02:27 PM PDT
Reuters -  NEW YORK/SEATTLE (Reuters) - Microsoft Corp is jumping into the fast-growing e-books market by investing $605 million over five years in Barnes & Noble Inc's Nook e-reader and college business, as it looks to unlock Amazon.com and Apple Inc's grip on the exploding tablet computer market. The move comes just six months before the world's largest software maker is due to launch its new touch-enabled Windows 8 operating system, and the inclusion of a Nook app on Windows tablets should allow them to compete with Apple's iPad and Amazon's Kindle Fire. ...
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RIM may lose more ground in smartphone market: analyst
Mon,30 Apr 2012 02:26 PM PDT
Reuters - TORONTO (Reuters) - Struggling BlackBerry maker Research In Motion could well cede a much larger chunk of market share in coming months, RBC Capital Markets analyst Mark Sue warned on Monday, the eve of the company's annual showcase, BlackBerry World. "In the ever competitive smartphone market, Nokia, RIM, Motorola, Sony, LG, and a slew of others are donating market share, while Samsung and Apple continue to gain market share," Sue wrote in a note to clients. ... Full Story | Top |
It's not a BlackBerry World anymore
Mon,30 Apr 2012 01:43 PM PDT
Reuters -  ORLANDO, Florida (Reuters) - When Mike Lazaridis and Jim Balsillie were running Research In Motion, BlackBerry World was a chest-thumping celebration of RIM's successes and a showcase for the innovations that would assure its continued dominance. Their successor Thorsten Heins will preside over a very different event. Three months after replacing the longstanding co-CEOs, Heins desperately needs more time to right the now-struggling company and he likely has next to nothing concrete to offer his restless audience in terms of new products and services. ...
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Copyright case in Oracle vs. Google goes to jury
Mon,30 Apr 2012 01:40 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Jurors began deliberating on Monday about whether Google Inc violated Oracle Corp's copyright on parts of the Java programming language, part of a high stakes trial over smartphone technology with more than $1 billion in play. Oracle is suing Google in federal court, claiming the search engine giant's Android mobile platform violated its patents and copyright to Java, and is seeking roughly $1 billion in copyright damages. Two years ago Oracle paid about $7. ...
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Russia, China on top copyright pirates list again-USTR
Mon,30 Apr 2012 12:57 PM PDT
Reuters -  WASHINGTON (Reuters) - The United States on Monday again put Russia and China on its annual list of countries with the worst records of preventing the theft of copyrighted material and other intellectual property (IP), the U.S. Trade Representative's office said. Argentina, Canada and India were also put on the "priority watch list," along with Algeria, Chile, Indonesia, Israel, Pakistan, Thailand, Ukraine and Venezuela. "This year's Special 301 Report is more significant than ever in light of recent U.S. ...
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Hon Hai's plunge exposes poor end of Apple value chain
Mon,30 Apr 2012 11:46 AM PDT
Reuters -  TAIPEI (Reuters) - Shares in Hon Hai Precision Industry Co Ltd took a beating on Monday after lackluster quarterly profits, in sharp contrast with the booming fortunes of its main client, Apple Inc, highlighting one of the main downsides of life as a maker of others' high-end products. The chasm between the two companies' margins illustrates the challenges facing contract makers that specialize in quick and reliable turnaround but have no brand cachet of their own, because of increasing competition and pressure from electronics companies to decrease manufacturing costs. ...
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Social gifting: the new buzzword in e-commerce
Mon,30 Apr 2012 08:24 AM PDT
Reuters -  (Reuters) - Last year, the buzzword in e-commerce was Groupon Inc and its myriad of competitors that offered daily online coupons to entice shoppers in a down economy. Now, the latest fashion in retail is social gifting, where people get together on Facebook to buy each other gifts. Start-ups such as Sweden-based Wrapp, which is launching its U.S. business on Monday, are getting millions of dollars in venture-capital funding, and retailers like Best Buy Co Inc, Gap Inc and Starbucks Corp are scurrying to be a part of it. ...
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Nokia in talks to sell luxury Vertu unit: source
Mon,30 Apr 2012 03:13 AM PDT
Reuters -  LONDON (Reuters) - Cellphone maker Nokia is in talks to sell its UK luxury subsidiary Vertu, which hand makes some of the world's most expensive mobile phones, a source familiar with the company's strategy said on Monday. Earlier the Financial Times reported that talks with private equity group Permira were at an advanced stage on a possible sale which would raise about 200 million euros ($265 million). Vertu's cellphones can feature crystal displays and sapphire keys, costing more than 200,000 pounds ($320,000) due to the precious metal components. ...
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Falcone gets extension in LightSquared creditor talks
Mon,30 Apr 2012 12:04 AM PDT
Reuters -  NEW YORK (Reuters) - Hedge fund manager Philip Falcone's LightSquared is avoiding a default for now on about $1.6 billion of debt after creditors of the upstart wireless telecom company agreed to extend negotiations for a week, source familiar with the matter said. The holders of LightSquared's debt, who include billionaire investor Carl Icahn and hedge fund manager David Tepper, had given Falcone's Harbinger Capital until 10 a.m. Monday to strike a deal for restructuring Harbinger's 96 percent equity control of LightSquared, the source said. ...
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Nokia in advanced talks to sell luxury Vertu unit: FT
Sun,29 Apr 2012 02:58 PM PDT
Reuters -  LONDON (Reuters) - Cellphone maker Nokia is in advanced talks to sell its UK subsidiary Vertu to private equity group Permira , the Financial Times reported. Nokia, which last week had its credit rating cut to "junk" status by ratings agency Standard & Poor's, will raise about 200 million euros ($265.19 million) from a potential sale, the FT said in a piece published on its website on Sunday. People familiar with the talks were cited as saying Goldman Sachs was advising to oversee the sale, but said the outcome was not yet certain. Vertu and Permira were not available for comment. ...
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Apple, Google could join Dow index: Barron's
Sun,29 Apr 2012 01:44 PM PDT
Reuters -  (Reuters) - The Dow Jones Industrial Average stock index is due for an overhaul, and new-tech giants like Apple Inc and Google have good arguments for joining the elite 30 companies at the expense of old-industry stalwarts like Alcoa Inc, Barron's said on Sunday. The business weekly said the Dow has no timetable, but a new company or two could be added in the next year. The three most likely stocks to be replaced in the index are aluminum maker Alcoa, Bank of America and Hewlett-Packard, Barron's said in its latest edition. ...
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