Today's Reuters Technology News Headlines - Yahoo! News:
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FBI probes China's ZTE over Iran tech deals: report
Thu,12 Jul 2012 07:25 PM PDT
Reuters -  LONDON (Reuters) - The FBI has opened a criminal investigation into ZTE Corp over the Chinese company's sale of banned U.S. computer equipment to Iran and its alleged subsequent attempts to cover it up and obstruct a Department of Commerce probe, the Smoking Gun website reported. The federal investigations stem from a Reuters report in March that Shenzhen, China-based ZTE, a telecommunications equipment maker, sold Iran's largest telecom firm a powerful surveillance system capable of monitoring landline, mobile and Internet communications. ...
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Google CEO Page recovering, was in office this week
Thu,12 Jul 2012 06:43 PM PDT
Reuters -  SUN VALLEY, Idaho (Reuters) - Google Inc CEO Larry Page, absent from the Internet company's biggest public events for weeks, is recovering from an unspecified ailment that caused him to lose his voice and was in the office on Monday, Executive Chairman Eric Schmidt said. Page has stayed out of the public eye since last month, when he was a no-show at an annual shareholders' meeting after having "lost his voice," Schmidt explained at the time. His prolonged absence has raised questions about the health of the 39-year-old Google co-founder. ...
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LG to pay $380 million to settle display panel price-fixing case
Thu,12 Jul 2012 05:48 PM PDT
Reuters - SAN FRANCISCO (Reuters) - South Korea's LG Electronics Inc has agreed to pay $380 million to resolve a civil lawsuit over price fixing in the liquid crystal display market, the largest amount paid among the ten companies who similarly settled the litigation, a court filing showed on Thursday. A class action lawsuit alleged a detailed conspiracy from the late 1990s through 2006 to fix LCD prices, resulting in higher costs for buyers of televisions, laptops and other electronics. Several companies also pleaded guilty to separate criminal charges and paid fines. ... Full Story | Top |
Lam Research sees mostly stable demand for chip gear
Thu,12 Jul 2012 04:13 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Chip manufacturing equipment maker Lam Research's chief executive said he has not seen any major deterioration in demand from customers concerned about a downturn in global technology spending. LAM Research CEO Martin Anstice's comments stood in contrast to rival Applied Materials , which this week slashed its full-year targets due to a sudden drop in orders in its biggest market towards the end of the current quarter. Applied Materials' warning stoked fears of a drop in technology spending and hit shares of Asian chip firms. ... Full Story | Top |
After years of decline, the popular website Digg is sold
Thu,12 Jul 2012 03:12 PM PDT
Reuters - SAN FRANCISCO (Reuters) - New York tech incubator Betaworks acquired the website Digg on Thursday in a deal that included the remaining brand assets, a humble close to what was once a celebrated online property that heralded the social media era. Launched in 2004 by then 27-year old Kevin Rose, Digg rose to prominence as an aggregator of online content, becoming at one point one of the more highly-trafficked stops on the Internet. The site let users vote up - or "Digg" - links, an early precursor to how Facebook and Twitter help spread "viral" content today. ... Full Story | Top |
Yahoo breach puts users of other sites at risk
Thu,12 Jul 2012 02:30 PM PDT
Reuters -  BOSTON (Reuters) - More than 400,000 Yahoo Inc user names and passwords were stolen and published on the Web, putting other websites at risk as well, after hackers exploited a vulnerability in Yahoo's computer systems. Some logins for Google Inc, AOL Inc and Microsoft Corp services were among those compromised. The three companies said they required affected users to reset passwords for sites including Gmail, AOL, Hotmail, MSN and Live.com. ...
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Adobe, NBC team up to stream Olympics to mobile devices
Thu,12 Jul 2012 11:00 AM PDT
Reuters - (Reuters) - Adobe Systems Inc and NBC Olympics have joined forces to stream events live from the Olympic Summer Games in London to mobile users in the United States, for free. NBC Olympics, a division of NBC Sports Group, launched two applications built and run by Adobe technology, the companies said on Thursday. NBC Olympics will use Adobe technologies to measure user traffic and monetize content on the applications for more targeted advertising, the companies said. ... Full Story | Top |
Analysis: Cisco's loss is Palo Alto Networks' gain
Thu,12 Jul 2012 10:28 AM PDT
Reuters -  NEW YORK (Reuters) - When Cisco Systems Inc decided years ago to drop a network-security project known internally as "Apollo," little did it know it had paved the way for a startup to blossom into a formidable competitor. That company, Palo Alto Networks, is one of the leaders today in the multibillion-dollar market for corporate Internet firewalls. Founded in 2005, Palo Alto Networks debuts next week in an initial public offering that could value the firm at more than $2 billion. ...
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Groupon India drops rogue deals on American Eagle, Abercrombie
Thu,12 Jul 2012 10:24 AM PDT
Reuters - CHICAGO (Reuters) - Groupon India has removed at least two deals for clothes by retailers American Eagle Outfitters Inc and Abercrombie & Fitch from its web site, because it did not have the rights to sell them, the company told Reuters. "The retailer is not authorized to sell this product, we will investigate the situation to determine appropriate next steps," American Eagle Outfitters spokesperson Rachel DiCarlo told Reuters in an email. She said the company could not be specific at this time about whether it will pursue legal charges. Crazeal. ... Full Story | Top |
NTT Docomo: expects to hit smartphones sales target
Thu,12 Jul 2012 10:02 AM PDT
Reuters -  TOKYO (Reuters) - Japan's biggest mobile carrier NTT Docomo Inc has sold 2.8 million smartphones since April and expects to achieve its sales target of 13 million smartphones in the year to next March, its president told Reuters. NTT Docomo, which competes with Softbank Corp and KDDI Corp in the domestic market, has seen a sharp decline in users as more switch mobile carriers to buy Apple Inc's iPhone. "We believe that by offering a varied lineup of smartphones with high levels of services we will be able to compete with our rivals," said Kaoru Kato, who took over as Docomo president in June. ...
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Liberty's Malone says he should get premium in Sirius deal
Thu,12 Jul 2012 09:16 AM PDT
Reuters - SUN VALLEY, Idaho (Reuters) - Liberty Media Corp Chairman John Malone has a message for Sirius XM Radio boss Mel Karmazin: "Don't forget about me." The two men have been locked in a battle for control of Sirius, the satellite radio company that Karmazin runs, but where Liberty ranks as controlling shareholder, with a 46 percent stake. In late May, Liberty told the U.S. Federal Communications Commission that it intended to take control of Sirius' 13-seat board. The FCC had rejected the first application for control from Liberty, which currently holds five board seats, on May 4. ... Full Story | Top |
EU sides with big telcos on fiber broadband plan
Thu,12 Jul 2012 08:45 AM PDT
Reuters - BRUSSELS/PARIS (Reuters) - European regulators backed away from forcing big telecom operators to charge smaller rivals less for renting space on their networks, changing tack in their efforts to spur the buildout of fiber broadband. The European Commission had argued that the only way to get telcos to pick up the pace of building faster fiber networks was to make renting old copper lines less lucrative. The idea triggered months of public sniping between regulators and major telecoms, with Telecom Italia CEO Francesco Bernabe calling the proposal "simply crazy". ... Full Story | Top |
SAP defies tech gloom with strong software sales
Thu,12 Jul 2012 08:43 AM PDT
Reuters - FRANKFURT (Reuters) - Germany's SAP, the world's largest maker of business software, delivered a stronger-than-expected rise in profits led by robust sales, defying a weakening trend that has hit rivals. SAP said its software revenues, when measured by IFRS accounting standards, rose 19 percent to a record 1.06 billion euros ($1.3 billion) for the second-quarter. It had previously predicted a 15-20 percent increase at constant currencies. Quarterly operating profit before special items rose 15 percent to 1.17 billion euros, above the Thomson Reuters I/B/E/S average analyst estimate of 1. ... Full Story | Top |
Infosys cuts outlook; TCS profit tops forecasts
Thu,12 Jul 2012 07:40 AM PDT
Reuters -  BANGALORE/MUMBAI (Reuters) - Indian IT heavyweight Infosys has cut its sales forecast more deeply than expected after global economic uncertainty eroded tech spending, hitting both its shares and hopes for a second-half recovery. While Infosys's June quarter net profit rose 33 percent as expected, market leader Tata Consultancy Services exceeded forecasts by posting a 38 percent annual jump in quarterly profit. ...
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China preempts Apple on iPhone 5 launch
Thu,12 Jul 2012 06:44 AM PDT
Reuters -  SHANGHAI (Reuters) - Apple Inc's next-generation iPhone has not even been released yet, but opportunistic sellers on China's largest e-commerce platform, Taobao, are already accepting pre-orders, complete with mock-up pictures and purported technical specifications. The hotly anticipated iPhone 5 is widely expected to be released sometime between August and October this year, although Apple itself has been tight-lipped about it. ...
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