Today's Reuters Technology News Headlines - Yahoo! News:
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EU orders Google to change mobile services: report
Thu,19 Jul 2012 06:23 PM PDT
Reuters - LONDON (Reuters) - EU regulators are demanding that Google makes broad changes to its mobile services as talks to settle an antitrust investigation enter their final days, the Financial Times reported on Friday. EU Competition Commissioner Joaquin Almunia favors reaching a settlement with the world's most popular search engine, which may face formal charges if concessions about its business practices are not made. The newspaper cited people briefed on the case in Brussels as saying the talks are on a "knife-edge" and Almunia is expected to decide next week whether they are worth continuing. ... Full Story | Top |
Verizon wireline disappoints, shares off 2.9 percent
Thu,19 Jul 2012 04:33 PM PDT
Reuters -  (Reuters) - Weakness in Verizon Communications Inc's enterprise business offset a better-than-expected wireless quarter, sending the telephone company's shares down 2.9 percent. After pushing Verizon's shares up 14 percent so far this year, investors focused in on the wireline miss on Thursday even as Verizon handily beat Wall Street estimates for wireless subscriber growth and profitability. While earnings per share (EPS) met Wall Street expectations for the quarter, analyst said that wasn't enough. ...
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Dell aims to create $5 billion software business
Thu,19 Jul 2012 04:21 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Dell Inc's new software chief plans to increase the size of the business five-fold, a target that could eventually account for at least 25 percent of the No. 3 personal computer maker's profits. John Swainson, the former chief executive of CA Technologies who joined Dell in February, said software is a higher margin business than most of the company's other units, but is not big enough to make a difference right now. ...
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Mayer gets $70 million pay package to lead Yahoo
Thu,19 Jul 2012 03:58 PM PDT
Reuters -  (Reuters) - New Yahoo Chief Executive Marissa Mayer's compensation package could total more than $70 million in salary, bonuses, restricted stock and stock options over five years, according to a regulatory filing made by the company Thursday. Mayer's pay package is broken out into $1 million in annual salary, as much as $2 million in an annual bonus, and $42 million in stock options and other awards, as well as $14 million in "make whole restricted options" for forfeiture of compensation from Google Inc. ...
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Microsoft posts quarterly loss but beats Wall Street
Thu,19 Jul 2012 03:31 PM PDT
Reuters -  NEW YORK (Reuters) - Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales. Excluding the multibillion-dollar write-down, which was signaled earlier this month, and factoring in some deferred Windows revenue, the world's largest software company actually exceeded Wall Street's expectations, boosting its shares in after-market trading. ...
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RIT Capital buys stake in Corsair
Thu,19 Jul 2012 03:13 PM PDT
Reuters - NEW YORK (Reuters) - RIT Capital Partners , an investment trust chaired by Lord Jacob Rothschild, has bought a stake in private equity firm Corsair Capital. The companies, which announced the stake on Thursday, did not disclose the size of RIT's investment in Corsair or the size of its stake in the buyout firm, which specializes in financial services investments. RIT said it plans to issue $7.5 million of new shares as part of its payment for the investment in Corsair. It will end up owning a minority stake in Corsair's general partner, the companies said in a statement. ... Full Story | Top |
Yahoo CEO Mayer stands to make over $40 million
Thu,19 Jul 2012 02:50 PM PDT
Reuters -  (Reuters) - Marissa Mayer, Yahoo Inc's new chief executive officer will make $1 million in annual salary, $12 million in restricted stock and stock options, and one-time retention and performance awards of $30 million vesting over five years. As Google Inc's first female engineer and one of the earliest employees, Mayer's net worth is already estimated to be as much as $300 million. (Reporting By Jennifer Saba; editing by Andre Grenon)
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FCC says Internet providers are lifting their game
Thu,19 Jul 2012 02:33 PM PDT
Reuters - WASHINGTON (Reuters) - An annual report card on how well Internet service providers meet or exceed advertised broadband speeds has placed Verizon Communications Inc and Cablevision Systems Corp at the top of the class. Overall, the 13 top U.S. broadband providers, representing four-fifths of all U.S. landline broadband connections, are coming much closer to consistently delivering their advertised speeds, the Federal Communications Commission said on Thursday. U.S. ... Full Story | Top |
Zynga appoints former Yahoo executive to board
Thu,19 Jul 2012 02:28 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Zynga Inc has named former Yahoo executive Ellen Siminoff to its board of directors, the San Francisco-based social game publisher said on Thursday. Siminoff, currently chief executive of education company Shmoop University Inc, will join a board that includes several early investors in Zynga and film producer Jeffrey Katzenberg. Siminoff previously helmed Efficient Frontier, an advertising technology company that was acquired by Adobe earlier this year. ... Full Story | Top |
Nokia's cash reserves hold up despite big loss
Thu,19 Jul 2012 02:19 PM PDT
Reuters -  HELSINKI (Reuters) - Ailing mobile maker Nokia is not burning through its cash as quickly as feared, it revealed on Thursday, as it turned in another thumping loss. As the company tries to arrest a decline in a smartphone market dominated by Apple's iPhone and Samsung's Galaxy models, it has been burning through money at a rate that would clean it out in a couple of years. But at the end of the second quarter alongside a 1.53 billion euros loss, Nokia said it had net cash of 4.2 billion euros ($5.2 billion), compared with a market estimate of 3.7 billion euros. ...
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Facebook, Wal-Mart chiefs meet to "deepen" relationship
Thu,19 Jul 2012 01:29 PM PDT
Reuters - (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg is about to add the biggest retail players to his list of friends. Zuckerberg and his senior management team will spend two days at Wal-Mart Stores Inc's Bentonville, Arkansas home office this week, meeting with executives of the world's largest retailer and discussing ways to "deepen" their relationship. The Facebook team will meet with Wal-Mart CEO Mike Duke and his lieutenants on Friday, in the first such meeting between the two corporations' senior management teams. ... Full Story | Top |
Analysts upbeat on eBay, shares soar
Thu,19 Jul 2012 10:35 AM PDT
Reuters - (Reuters) - EBay Inc shares rose as much as 10 percent as several brokerages raised their price targets on the stock after growth at the company's online marketplaces and PayPal payment service allowed it to report stronger-than-expected quarterly earnings. The company's shares rose to $44.44, their highest in more than seven years. Rival Amazon.com Inc's shares rose about 5 percent. ... Full Story | Top |
OCZ shares surge on buyout report
Thu,19 Jul 2012 08:34 AM PDT
Reuters - (Reuters) - Shares of OCZ Technology Group Inc spiked as much as 21 percent in early trade on a report that larger rival Seagate Technology Plc has offered to buy out the solid-state hard drive maker. Fudzilla.com, a hardware industry blog, reported on Thursday that Seagate is considering acquiring OCZ to boost its solid-state drive (SSD) product portfolio. The website said a deal could be announced as early as next week. Seagate declined to comment on the report and OCZ could not immediately be reached. ... Full Story | Top |
Sprint to offer auto insurers tracking technology
Thu,19 Jul 2012 08:31 AM PDT
Reuters - (Reuters) - U.S. wireless carrier Sprint said on Thursday it will move into the hot market for tracking technology that lets auto insurers monitor how, where and when their customers drive. Sprint said its new Integrated Insurance Solutions unit would let companies offer what are known as "usage-based insurance" programs. Such programs, most notably Progressive Corp's "Snapshot", track variables such as driver speed, location and braking via a diagnostic device plugged into the car. Insurers analyze the data and use it to offer the best drivers discounts. ... Full Story | Top |
RIM updates developer tools ahead of BlackBerry 10 launch
Thu,19 Jul 2012 08:07 AM PDT
Reuters -  TORONTO (Reuters) - Research In Motion Ltd has updated the tools it is providing for independent developers to build applications for its twice-delayed BlackBerry 10 platform, the company said on Thursday. The updates will help apps interact with one another and make use of the BlackBerry network to push notifications to devices. RIM also opened its App World to enable developers using a test device available since May to share their work among themselves. Building a strong library of applications for the new BlackBerry platform is crucial to its success. ...
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