Today's Reuters Technology News Headlines - Yahoo! News:
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LG, Toshiba, AUO to settle display panel price-fixing case
Wed,11 Jul 2012 04:59 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Toshiba Corp, LG Electronics Inc and AU Optronics Corp have agreed to pay a combined $571 million to settle a lawsuit over price fixing in the liquid crystal display panel market, according to an attorney for the plaintiffs. Joseph Alioto, a San Francisco attorney who was co-lead counsel for a class of consumers suing the companies, said the amount includes $27.5 million in civil penalties for eight state governments. Seven other LCD manufacturers had reached an earlier settlement for $538.5 million, which was approved on Wednesday by U.S. District Judge Susan ...
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Judge steps away from Facebook privacy lawsuit
Wed,11 Jul 2012 01:36 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - A judge recused herself from overseeing a privacy lawsuit against Facebook over the social networking service's "Sponsored Stories" feature, one day before she was set to hold a hearing on a proposed settlement. District Judge Lucy Koh in San Jose, California, federal court did not provide a reason for the recusal in a brief order on Wednesday. ...
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No getting lost at Smithsonian with app
Wed,11 Jul 2012 01:10 PM PDT
Reuters - (Reuters) - With nearly 20 museums, galleries and the National Zoo, the Smithsonian Institution in Washington, D.C. can be a daunting experience, but new maps on an app may make it less confusing and easier for visitors to maneuver. After collaborating with Google Inc, the Smithsonian - the world's largest museum and research complex - has this week released new data to help its millions of annual visitors explore the interior of its many buildings. ... Full Story | Top |
Analysis: Is Twitter building ad business at expense of innovation?
Wed,11 Jul 2012 11:20 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Is Twitter a technology platform, a media company -- or both? With Twitter's recent moves pointing toward "media company," there is a growing concern among technologists that a trend for greater content control will compromise both innovation and Twitter's future in favor of short-term profits. The days of fledging start-up are gone for six-year-old Twitter, which is now a major player in the big battles shaping the future of the Internet. ...
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Groupon shares hit new low on Europe concern
Wed,11 Jul 2012 11:14 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Groupon Inc shares hit a record low on concerns about economic weakness in Europe, where the leading online daily deal company gets about one-quarter of its revenue, analysts said on Wednesday. Groupon was down 5.5 percent to $7.85 during afternoon trading on Wednesday after hitting a record low of $7.72. "Europe is a concern obviously," said Sameet Sinha, an analyst at B. Riley & Co. Citi Research analyst Mark Mahaney cut his price target on Groupon shares to $19 from $22 in an Internet earnings preview note that came out late Tuesday. ...
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Push in U.S. for fewer sales bans for patent infringement
Wed,11 Jul 2012 11:00 AM PDT
Reuters - WASHINGTON (Reuters) - Companies that hold the most important patents needed to build smartphones, tablets and other devices should only rarely be granted sales bans on rivals as a punishment for infringement, U.S. government officials told lawmakers on Wednesday. Since a 2006 Supreme Court decision known as eBay v. MercExchange, it has been unusual for U.S. district courts to issue injunctions banning sales of an infringing product. But the U.S. International Trade Commission is not subject to that legal precedent, and still orders sales bans. ... Full Story | Top |
Youku, Tudou shares fall on China content crackdown
Wed,11 Jul 2012 10:26 AM PDT
Reuters - (Reuters) - Shares of online video companies Youku.com Inc and Tudou Holdings Ltd fell on what some analysts said was a reaction to a planned crackdown by the Chinese government on what it considers to be inappropriate content. China plans to target material on websites, including pornographic and violent videos, according to media reports. Youku's shares were down 6 percent at $17.86 in early afternoon trading on the New York Stock Exchange, while Tudou was down 9 percent at $26.67 on the Nasdaq. ... Full Story | Top |
RIM's Australian chief leaves BlackBerry maker
Wed,11 Jul 2012 10:18 AM PDT
Reuters - TORONTO (Reuters) - The head of Research In Motion Ltd's Australian and New Zealand operations has stepped down just months after being promoted to the job, becoming the latest senior executive to depart since Thorsten Heins took over as the BlackBerry maker's CEO. Ray Gillenwater left RIM to pursue other interests, RIM said in a statement on Wednesday. Matthew Ball, who joined the company a year ago to manage its Australian marketing efforts, has replaced him. ... Full Story | Top |
Bernstein downgrades Staples, Office Depot
Wed,11 Jul 2012 08:30 AM PDT
Reuters - (Reuters) - Bernstein Research downgraded office supplies chains Staples Inc and Office Depot Inc to "market-perform" from "outperform," citing stalling employment trends in the United States and a broadening recession in Europe. The research firm expects Staples' full-year revenue to decline and said that its cost-cutting initiatives will not significantly add to its earnings. Growing competition from online retailer Amazon Inc could also hurt profits, Bernstein analyst Colin McGranahan said in a note to clients. ... Full Story | Top |
Tech Data to buy out partner's stake in Europe joint venture
Wed,11 Jul 2012 07:25 AM PDT
Reuters - (Reuters) - Tech Data Corp will buy out Brightstar Corp's 50 percent holding in their joint venture Brightstar Europe Ltd, a distributor of mobile devices, for $165.6 million in cash. Dwindling PC sales and sluggish global IT spending are forcing technology products distributors to expand in new growth areas such as smartphones and tablets. Tech Data's deal comes days after rival Ingram Micro Inc said it would buy BrightPoint Inc to boost its presence in the higher-margin mobile devices market. ... Full Story | Top |
Russia-focused online games developer eyes new markets
Wed,11 Jul 2012 05:47 AM PDT
Reuters -  HERZLIYA, Israel (Reuters) - Israel-based online games developer Plarium, whose multi-player game Total Domination has attracted 20 million users in just a year, expects revenue to double annually in coming years as it launches new games and enters new markets such as the United States. "We are growing very fast," Plarium CEO Avi Shalel told Reuters. "Since the beginning we have doubled revenue every year and we expect this pace to continue. ...
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Analysis: Tech Inc's invincible aura fades
Tue,10 Jul 2012 09:48 PM PDT
Reuters -  (Reuters) - Hopes are evaporating that leading technology companies will offer a safe harbor this year from the economic storms swirling across Europe, Asia and the United States. Investors should brace for some of the biggest names in U.S. software and hardware -- from Microsoft Corp and IBM to Intel Corp -- to disappoint when Big Tech begins reporting quarterly earnings next week, analysts said. The trio's shares are all in the red for July, in the wake of earnings warnings over the past week from smaller peers, including Advanced Micro Devices Inc, Applied Materials Inc and Informatica ...
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Megaupload tycoon offers to go to U.S. to answer piracy charges
Tue,10 Jul 2012 08:14 PM PDT
Reuters -  WELLINGTON (Reuters) - Kim Dotcom, the Internet tycoon at the centre of a U.S. investigation into online piracy and fraud, said on Wednesday he was willing to go to the United States to clear his name, offering to forego a pending extradition hearing in New Zealand. Dotcom, the founder of the Megaupload file-sharing site, challenged the U.S. Federal Bureau of Investigation to a fair trial, and said he was willing to face them in court in the United States if they agreed to certain conditions. "Hey DOJ (Department of Justice), we will go to the US. ...
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Canadian Solar CEO: could build 700-MW factory in China
Tue,10 Jul 2012 05:54 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Canadian Solar Inc is expected to decide within months whether to build a factory that could produce 700 megawatts per year of new, more efficient solar cells, the firm's head said on Tuesday, with any facility likely to be in China. Chief Executive Shawn Qu said at a conference in San Francisco that there was a good chance the company, which already carries out most of its production in China, would take the step despite oversupply in the solar equipment market. He declined to comment on the potential cost. ... Full Story | Top |
CEO vows to turn RIM into "lean, mean machine"
Tue,10 Jul 2012 05:09 PM PDT
Reuters -  WATERLOO, Ontario (Reuters) - Research In Motion Ltd's new CEO vowed on Tuesday to turn around the embattled company with the new generation of BlackBerry devices coming next year, saying he would transform RIM into a "lean, mean, hunting machine." But Thorsten Heins, presiding over his first annual meeting since taking the helm, offered little to disgruntled shareholders beyond his faith in the power of the BlackBerry 10 line to reverse RIM's fortunes. Its battered stock fell another 5 percent after he spoke. ...
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