Today's Reuters Technology News Headlines - Yahoo! News:
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LG Electronics to launch Google TV in U.S. in late May: executive
Sun,6 May 2012 08:17 PM PDT
Reuters -  SEOUL (Reuters) - LG Electronics Inc, the world's No.2 TV maker, plans to launch Internet-enabled TV based on Google's platform in the United States in the week of May 21, as the South Korean firm seeks to gain a larger share of the emerging Internet TV market, a senior LG executive said on Monday. The second version of Internet TV by Google, which hopes to replicate the success of its Android mobile software in the TV market, comes after its previous model, unveiled in 2010, failed to catch on with consumers. ...
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Micron wins Elpida bidding with $2.5 billion offer: source
Sun,6 May 2012 07:54 PM PDT
Reuters -  TOKYO (Reuters) - Micron Technology has won the right to negotiate exclusively to buy failed Japanese chip maker Elpida Memory Inc after offering more than 200 billion yen ($2.5 billion) for the company, a person familiar with the transaction said. In the final round of bidding to buy Elpida, which closed last Friday, the chipmaker also offered to keep the company's two main factories in Japan open and to guarantee jobs for current employees for the time being, the person said. ...
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Nokia's woes might call for Microsoft aid
Sun,6 May 2012 02:03 AM PDT
Reuters -  LONDON (Reuters) - Addressing Nokia Oyj employees in January 2011, Chief Executive Stephen Elop - at that point only four months into the job - dramatized the company's predicament by comparing it to standing on a burning platform. Nearly a year and a half on, and with Nokia's Lumia mobile phone range failing so far to revive sales, its position still looks frail. Its shares have lost 90 percent in five years and its debt is rated junk by two of the three major ratings agencies. ...
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Yahoo in talks to sell 15-25 percent of Alibaba: source
Fri,4 May 2012 06:10 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Yahoo Inc could be weeks away from selling 15 to 25 percent of Alibaba Group's stock back to China's largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties' previous negotiations, a person familiar with the matter said. The two companies have been in talks for a month, the person said, but cautioned that there is no guarantee a deal will be reached. Numerous discussions have been held in recent years about a deal for Alibaba to reclaim some or all of the 40 percent stake in the company that Yahoo acquired in 2005. ...
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Sprint CEO to take pay cut as iPhone costs pinch
Fri,4 May 2012 05:36 PM PDT
Reuters -  (Reuters) - Sprint Nextel chief Daniel Hesse said he would take a cut in pay this year, after coming under fire from some shareholders disappointed with the hit the company's results took from subsidizing Apple's popular iPhones. Hesse said his 2012 salary would be cut to repay about $346,000 in incentive pay that he has already received and forfeit additional amounts that he was eligible to receive under his 2011 and 2012 incentive plans. ...
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Sprint CEO to take pay cut as iPhone costs pinch
Fri,4 May 2012 04:57 PM PDT
Reuters - (Reuters) - Sprint Nextel chief Daniel Hesse said he would take a cut in pay this year, after coming under fire from some shareholders disappointed with the hit the company's results took from subsidizing Apple's popular iPhones. Hesse said his 2012 salary would be cut to repay about $346,000 in incentive pay that he has already received and forfeit additional amounts that he was eligible to receive under his 2011 and 2012 incentive plans. ...
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U.S., German auto companies agree on fast charging system
Fri,4 May 2012 04:54 PM PDT
Reuters -  DETROIT (Reuters) - Seven automakers, including General Motors Co and Ford Motor Co, have agreed to adopt a fast-charging system that can charge electric vehicles and plug-in hybrids in as little as 15 minutes. The group's goal is to make charging an electrified car as simple as filling a gas tank. Chrysler Group LLC is the latest automaker to join the consortium, which also includes members from Volkswagen AG and its luxury Audi brand, Daimler AG, Porsche and BMW. ...
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Wedbush starts Facebook with outperform rating
Fri,4 May 2012 02:38 PM PDT
Reuters - (Reuters) - As Facebook Inc prepares to market its $10.6 billion initial public offering to U.S. fund managers next week, brokerage Wedbush Securities set a $44-per-share price target that implies a potential capital gain of about 40 percent for IPO investors. Facebook on Thursday set an indicative IPO price range of $28 to $35 a share, which would value the world's largest online social network at $77 billion to $96 billion. Depending on how the roadshow for investors go, Facebook could begin trading on Nasdaq as soon as May 18. ... Full Story | Top |
Judge urges more deliberations in Android case
Fri,4 May 2012 01:59 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - A judge urged jurors to resume deliberating Oracle Corp's copyright claims against Google over the Android mobile platform, after they indicated there was unanimous agreement on all but one of the questions they must decide. "It's worth you going home over weekend," District Judge William Alsup told the jurors, adding that deliberations in the federal court in San Francisco should continue next week. Oracle sued Google in August 2010, saying Android infringes on its intellectual property rights to the Java programming language. ...
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Third Point demands Yahoo fire CEO by Monday
Fri,4 May 2012 11:18 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Activist hedge fund investor Third Point demanded that internet company Yahoo Inc fire its chief executive, Scott Thompson, by Monday for padding his resume. The hedge fund's CEO Daniel Loeb, who has been waging a public battle to place his company's nominees on Yahoo's board, also called for the resignation of board member Patti Hart, whom he had accused of claiming false degrees on her resume. ...
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Facebook plans to raise $10.6 billion in mega IPO
Fri,4 May 2012 10:49 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's. The eight-year-old social network that began as Mark Zuckerberg's Harvard dorm room project indicated an initial public offering price range of between $28 and $35 a share on Thursday, which would value the company at $77 billion to $96 billion. ...
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EBay, Wal-Mart search for revved-up search engines
Fri,4 May 2012 09:35 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - EBay Inc and Wal-Mart Stores Inc are developing new Web search engines to better compete against Amazon.com Inc in the fast-growing e-commerce market. As more people shop online, they often end up at the top of a website typing in a product name. If they cannot find what they want quickly, they will likely go to a rival website or venture into a physical store. "Amazon is on version 8.0 of search," said Scot Wingo, chief executive of ChannelAdvisor, which helps merchants sell more online. "EBay is at 2.0, but they are thinking about how they make this huge leap to ...
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Micron likely winner in bid for Japan's Elpida-NHK
Fri,4 May 2012 06:56 AM PDT
Reuters - SEOUL/TOKYO (Reuters) - U.S.-based Micron Technology is the likely winner in the bidding for Elpida Memory Inc, Japan's public broadcaster NHK reported on Friday, in a deal that would help the failed Japanese chipmaker sustain operations and repay creditors. Elpida filed for bankruptcy protection in February with 448 billion yen ($5.6 billion) in liabilities - a record for a Japanese manufacturer - after being hit by a strong yen and a slide in prices of DRAM chips for personal computers. ... Full Story | Top |
U.S. mobile industry faces spectrum, deal paralysis
Fri,4 May 2012 04:02 AM PDT
Reuters - NEW YORK (Reuters) - Complaints about the shortage of wireless frequencies and a need for U.S. mobile carriers to consolidate will dominate the industry's largest annual gathering next week, but regulatory uncertainty may leave the sector powerless to deal with its most pressing issues anytime soon. U.S. wireless operators argue that too many competitors are fighting over a mature market and that they urgently need more spectrum to cope with increasing demand for bandwidth-hungry services such as video and social networking. ... Full Story | Top |
Almunia says won't rush Google antitrust decision
Fri,4 May 2012 02:56 AM PDT
Reuters -  BRUSSELS (Reuters) - EU regulators are in no rush to decide any antitrust charges against Google, in a complicated investigation into complaints by rivals about its search results, the EU's competition chief said on Friday. The European Commission launched a probe into Google in November 2010 after rivals, including Microsoft, accused the company of manipulating search results and promoting its own services, while demoting theirs. "We are not yet there. This is a complex case," EU Competition Commissioner Joaquin Almunia told Reuters on the sidelines of a competition conference. ...
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