Today's Reuters Technology News Headlines - Yahoo! News:
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HTC sells back part of stake in audio firm Beats
Sun,22 Jul 2012 05:47 PM PDT
Reuters -  TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp has sold 25 percent of its holding in audio technology firm Beats Electronics back to Beats' founders, but said it will continue to work closely with the maker of high-end headphones and speakers. HTC bought 51 percent of Beats Electronics, which was founded by U.S. rapper and music producer Dr. Dre and Beats' current CEO Jimmy Iovine, for $309 million in August last year, a move to fend off rising competition and enhance its products and branding. ...
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Nokia looks to revamp marketing strategy: FT
Sun,22 Jul 2012 05:07 PM PDT
Reuters -  LONDON (Reuters) - Nokia is considering ripping up its traditional mass marketing strategy ahead of the unveiling of its new Windows 8 smartphone in the autumn, the Financial Times reported on Monday. The mobile phone maker has entered secret negotiations with European operators about forming an exclusive opportunity to launch a smartphone using the Windows 8 platform from Microsoft. Operators that have held talks with Nokia include France Telecom, although no deal has yet been struck, according to the FT. ...
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Apple heads into choppy waters as new iPhone awaited
Sun,22 Jul 2012 02:36 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc faces an unusual phenomenon when reporting earnings this time around: low expectations. Few are expecting the world's most valuable technology company -- which surpasses Wall Street expectations with near regularity -- to deliver a bumper quarter once more on Tuesday. The main reason: consumers holding out for the new iPhone. Apple may still surprise market watchers, but many Wall Street analysts and investors remember how chatter over the launch of a new iPhone last year caused Apple to miss quarterly expectations in the fall, for the first time in years. ...
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Kodak loses patent case vs. Apple, RIM; plans appeal
Sun,22 Jul 2012 11:55 AM PDT
Reuters -  (Reuters) - Eastman Kodak Co has lost an appeal of a patent dispute over digital image preview technology with Apple Inc and Research In Motion Ltd, which could set back the onetime photography giant's efforts to raise money in bankruptcy by selling patents. The U.S. International Trade Commission on Friday upheld a May 21 ruling by Judge Thomas Pender of that agency that neither Apple nor RIM had violated Kodak's rights in the so-called '218 patent, which covers how digital cameras preview images. "The investigation is thus terminated," the agency said. ...
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Nasdaq to unveil Facebook compensation plan next week: report
Sat,21 Jul 2012 02:09 AM PDT
Reuters -  NEW YORK (Reuters) - Nasdaq OMX Group Inc plans next week to release its compensation plan for firms that lost money in the bungled Facebook initial public offering, the FOX Business channel reported on Friday. The deal being discussed will be all cash, and likely more than the $40 million originally proposed, though nothing had been finalized, the report said, citing sources. Nasdaq is working with the U.S. Securities and Exchange Commission on a second draft of the proposal, according to the report. One source told the network the new proposal could be as high $100 million, all cash. ...
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EU wants Google concessions for all platforms: sources
Fri,20 Jul 2012 10:29 PM PDT
Reuters -  BRUSSELS (Reuters) - EU regulators, investigating Google for alleged anti-competitive behavior, want the internet search giant to offer concessions that cover all platforms, including computers, tablets and mobile devices, two people familiar with the issue said on Friday. If Google is not able to provide satisfactory concessions, it will face charges and potentially severe fines, the EU's competition commissioner, Joaquin Almunia, has said. Almunia wants remedies for all computing devices that have access to the Internet and provide a search capability, one of the people said. ...
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New deal restores Viacom shows to DirecTV subscribers
Fri,20 Jul 2012 11:39 AM PDT
Reuters -  (Reuters) - DirecTV Group's 20 million U.S. subscribers are getting back their favorite shows after the satellite TV provider reached a deal to restore Viacom Inc's networks, but the size and scope of the high-profile dispute may have changed the nature of future programming battles. The loss of 26 networks to 20 million homes for nine full days means the size, length and scope of this programming blackout was unprecedented to date in the U.S. pay-TV industry. ...
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Kayak Software shares debut 16 percent above initial price
Fri,20 Jul 2012 09:43 AM PDT
Reuters - (Reuters) - Shares of online travel company Kayak Software Corp opened 16 percent above their initial price in their market debut on Friday and posted further gains in the first consumer-oriented Internet IPO since Facebook Inc . The Norwalk, Connecticut-based company opened NASDAQ trading at $30.10 after 3.5 million shares priced at $26.00. Kayak raised $91 million in its offering. Shares continued rising and were at $32.83 in morning trading. Kayak, which filed to go public in November 2010, was originally slated to launch its offering following Facebook's IPO in May. ... Full Story | Top |
Palo Alto shares soar 31 percent on NYSE debut
Fri,20 Jul 2012 08:12 AM PDT
Reuters - (Reuters) - Shares of Palo Alto Networks Inc soared 31 percent on their market debut on the New York Stock Exchange on Friday, as investors bet on the growth of the enterprise software market. The Santa Clara, California-based company, which makes security software for businesses, opened to trade at $55.15, after shares were priced at $42 apiece a day earlier, above their expected range. In late morning trading Friday, shares gained even more, adding 33 percent to $56.03. Palo Alto's 6.2 million shares were priced late Thursday, raising $260.4 million. ... Full Story | Top |
Analysts raise Verizon price target on wireless growth
Fri,20 Jul 2012 06:53 AM PDT
Reuters - (Reuters) - Several brokerages raised their price target on Verizon Communications Inc's stock, upbeat on the company's potential in its mobile phone business as a growing number of customers switch to high-margin smartphones. On Thursday, Verizon posted quarterly profits in line with analysts' estimates as it added more wireless subscribers than anticipated. Analysts said Verizon's leadership in its U.S. mobile phone market will continue to drive growth and help it gain a larger share of the postpaid market with growing adoption of the Long Term Evolution (LTE) mobile standard. ... Full Story | Top |
Google shares rise as strong ad business eases macro fears
Fri,20 Jul 2012 05:35 AM PDT
Reuters -  (Reuters) - Shares of Google Inc rose 3 percent in premarket trade on Friday after the company posted a healthy gain at its online advertising business, reassuring the Wall Street that it was performing well despite a slow economy. A slew of analysts reiterated their ratings and price targets on Google's stock, saying there were no real surprises and that the positives had offset the negatives in the quarter. ...
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Nokia revival hopes fade as analysts cut targets
Fri,20 Jul 2012 05:24 AM PDT
Reuters - HELSINKI, July 20 - Analysts cut their price targets on Nokia to little more than the value of its cash and patents on Friday as hopes fade that phones using new Microsoft software can revive the ailing mobile company anytime soon. The launch of new Lumia smartphones, expected to start in September, has turned into a make-or-break event for Nokia boss Stephen Elop, the architect of a tie-up with Microsoft which has so far done little to resurrect the firm's challenge to the dominance of Apple's iPhone and Samsung's Galaxy models. ... Full Story | Top |
Analysts positive on Microsoft despite first quarterly loss
Fri,20 Jul 2012 04:50 AM PDT
Reuters - (Reuters) - Wall Street analysts stayed positive on Microsoft Corp after the company posted its first quarterly loss as a public company, focusing on impending product launches. The world's largest software company posted a fourth-quarter loss but beat analysts' estimates, excluding an expected multibillion-dollar write-down and factoring in some deferred Windows revenue. "Over recent years, Microsoft has demonstrated that it can manage its operations appropriately and this quarter was a good example of that," J.P. Morgan Securities analysts wrote in a note to clients. ... Full Story | Top |
China mobile subscribers up 1.1 percent in June to 1.05 billion
Fri,20 Jul 2012 02:42 AM PDT
Reuters - HONG KONG (Reuters) - China, the world's largest mobile phone market, saw a 1.14 percent monthly increase in mobile subscribers to 1.05 billion in June, data from the country's three telecommunications operators showed. The number of mobile subscribers in China has been growing steadily, with handset vendors such as Apple Inc , Samsung Electronics Co Ltd , Huawei Technologies Co Ltd and ZTE Corp clamoring for more market share. China Mobile Ltd , the country's largest mobile carrier, said its mobile subscribers in June increased to 683.08 million, including 67.08 million 3G subscribers. ... Full Story | Top |
Romania PM plagiarized thesis, university says
Fri,20 Jul 2012 02:21 AM PDT
Reuters -  BUCHAREST (Reuters) - Romanian Prime Minister Victor Ponta plagiarized a large part of his doctoral thesis, a panel of academics at Bucharest University which awarded the qualification, said on Friday. "Plagiarism elements were identified in the doctoral thesis of Mr. Victor Pinta especially in chapters one and three," said Marian Popescu, president of Bucharest University's ethics commission. Ponta denies the charges and says only an education ministry panel, which cleared him of plagiarism, is entitled to judge the case. ...
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