Today's Reuters Technology News Headlines - Yahoo! News:
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Politics, economics weigh on moguls' minds at Sun Valley
Sat,14 Jul 2012 03:22 PM PDT
Reuters - SUN VALLEY, Idaho (Reuters) - The 30th edition of the renowned Allen & Co media conference came to a close on Saturday with executives focused on the impending U.S. election as they heard from business and political leaders, including a finale with Oprah Winfrey and Warren Buffett. The annual summer retreat in Sun Valley is typically a venue for dealmaking among media and technology companies, but the transactions can take months to come to light. ... Full Story | Top |
Symantec anti-virus update makes some PCs inoperable
Fri,13 Jul 2012 09:08 PM PDT
Reuters -  BOSTON (Reuters) - A bug in an update of Symantec Corp's anti-virus software caused some Windows PCs to crash late this week, making machines inoperable until they were serviced in an embarrassing episode that angered some customers. The company disclosed the problem on its website, saying that an update to its widely used Symantec Endpoint Protection 12.1 and Norton anti-virus software for businesses caused some PCs running Microsoft Windows XP software to crash repeatedly, showing what is known as the "blue screen of death. ...
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RIM hit with $147.2 million verdict in wireless patent lawsuit
Fri,13 Jul 2012 08:17 PM PDT
Reuters - SAN FRANCISCO (Reuters) - A northern California jury directed Research in Motion Ltd to pay $147.2 million in patent litigation over a remote management system for wireless devices, according to an attorney for the plaintiff, Mformation Technologies Inc. The verdict on Friday in a San Francisco federal court comes at a bad time for RIM, whose stock has fallen more than 70 percent in the past year as customers abandon the BlackBerry in favor of Apple's iPhone and a slew of devices using Google Inc's Android software. ... Full Story | Top |
Exclusive: HP's $600 million GM services deal at risk: sources
Fri,13 Jul 2012 03:22 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - General Motors' decision to bring much of its information technology work in-house threatens an IT service deal worth some $600 million a year to Hewlett Packard Co, two sources with knowledge of the matter told Reuters. It is unclear how much of the HP agreement would be affected. But the GM contract is one of the bigger contracts at the IT company, one of the sources said, adding that the loss of a significant amount of that business would be a "big deal." The sources spoke on condition of anonymity because the details of the arrangement are private. ...
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Google's Nexus tablet selling fast across retail chains
Fri,13 Jul 2012 02:09 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc's "Nexus 7" tablet is off to an encouraging start, with major retailers running out of the gadgets as the Internet company's first entry in an increasingly crowded market showed up in U.S. stores on Friday. GameStop said on Friday it had already run through its first two allocations of the tablet, co-developed by Google and Taiwan's Asustek that starts at $199 and has drawn glowing reviews from major gadget reviewers. ...
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Could Wii nunchuks make screen time healthier?
Fri,13 Jul 2012 02:01 PM PDT
Reuters -  NEW YORK (Reuters Health) - Active video games might help people burn more calories than couch-based screen time, but those who play active games tend to undo most of the difference if there's junk food available, says a new study. Those active gamers tended to eat more calories than they spent dancing, playing hockey, and drumming. They took in an average of 376 more calories than they burned, compared to about a 650-calorie surplus among the inactive groups. Although small, these differences can mean a lot in terms of energy balance when they are multiplied over days, weeks and years, Dr. ...
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Lexmark's outlook warning pulls down printer makers
Fri,13 Jul 2012 01:55 PM PDT
Reuters - (Reuters) - Shares of laser and inkjet printer makers fell on Friday, after Lexmark International Inc joined a host of technology companies that warned of falling sales in Europe. Lexmark's stock slid as much as 17 percent, making it one of the biggest losers on the New York Stock Exchange and dragging down rivals Xerox Corp and Hewlett-Packard. Deteriorating economic conditions in Europe and a stronger dollar have led to bleak forecasts from several American technology companies, including Advanced Micro Devices and Applied Materials. ... Full Story | Top |
AT&T extends contract for 7,000, labor battle continues
Fri,13 Jul 2012 01:17 PM PDT
Reuters - NEW YORK (Reuters) - AT&T Inc has agreed to a one-year extension for a labor contract covering nearly 7,000 workers even as it continues negotiations indefinitely for thousands more workers. The extension, until June 22, 2013, of the contract with the International Brotherhood of Electrical Workers came without any changes to the existing terms, AT&T said on Friday. Both AT&T and its rival Verizon Communications are engaged in tough labor negotiations this year as they look to reduce costs to help offset the decline of their traditional home phone businesses. ... Full Story | Top |
Apple rejoins green registry, admits exit was mistake
Fri,13 Jul 2012 11:51 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc rejoined the EPEAT environmental ratings system on Friday, acknowledging that its decision to stop participating in a program that rates the green credentials of electronic products was a mistake. The about-face came after reports that various government agencies and schools that use the EPEAT (Electronic Product Environmental Assessment Tool) certification system were considering dropping Apple's products, which include Macintosh computers and iPads. ...
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EU set to okay Cisco's $5 billion NDS deal: source
Fri,13 Jul 2012 09:01 AM PDT
Reuters - BRUSSELS (Reuters) - U.S. network equipment maker Cisco is expected to gain unconditional EU approval for its $5 billion purchase of TV software developer NDS after regulators indicated the deal would not pose any serious competition concerns, a person familiar with the matter said on Friday. The NDS acquisition will be Cisco's biggest deal and comes after its $3.3 billion purchase of Norwegian conferencing company Tandberg in 2009. NDS is 51 percent owned by private equity fund Permira and the rest by News Corp. ... Full Story | Top |
E2open sees IPO priced at $15-$17 a share
Fri,13 Jul 2012 04:55 AM PDT
Reuters - (Reuters) - Cloud-based software maker E2open Inc said it expects its initial public offering of 4.7 million shares to be priced at $15 to $17 each. At the midpoint of the expected price range, the company expects to raise $75 million from the IPO, E2open said in an amended filing with the U.S. Securities and Exchange Commission. The company, which makes supply chain software and has clients such as Boeing Co , Cisco Systems , Dell Inc and IBM , had filed to raise up to $86 million in February. ... Full Story | Top |
IGate profit falls short of expectations
Fri,13 Jul 2012 04:09 AM PDT
Reuters - (Reuters) - Outsourcing company iGate Corp posted a modestly lower- than-expected second-quarter profit. Net income attributable to common shareholders was $5.4 million, or 7 cents per share, compared with a net loss of $1.8 million, or 2 cents per share, a year ago. Excluding items, the company earned 28 cents per share, below analysts' estimates of 29 cents per share, according to Thomson Reuters I/B/E/S. (Reporting by Sayantani Ghosh in Bangalore; Editing by Supriya Kurane) Full Story | Top |
FBI probes China's ZTE over Iran tech deals: report
Fri,13 Jul 2012 03:46 AM PDT
Reuters -  LONDON/SHANGHAI (Reuters) - The FBI has opened a criminal investigation into ZTE Corp's sale of banned U.S. computer equipment to Iran, a website reported, as the Chinese telecoms gear maker warned its first half net profit could fall as much as 80 percent. The federal investigations stem from a Reuters report in March that Shenzhen-based ZTE sold Iran's largest telecoms firm a powerful surveillance system capable of monitoring landline, mobile and Internet communications, the Smoking Gun website reported. ...
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Insight: Despite sanctions, Apple gear booms in Iran
Fri,13 Jul 2012 01:02 AM PDT
Reuters -  DUBAI (Reuters) - At its gleaming store, RadanMac offers the latest Apple gear - the new iPad, iPhones, iPods, laptops, all-in-one desktop computers and more. But this is no ordinary Apple store. It's in Tehran, where Apple and other U.S. computer products are banned under U.S. sanctions that have been in place for years. Despite the embargo, RadanMac is one of an estimated 100 stores in the Iranian capital that openly sell Apple products, often at little more than U.S. prices. "Business has been booming for the last three years," said Majid Tavassoli, the store's owner, in a phone interview. ...
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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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