Today's Reuters Technology News Headlines - Yahoo! News:
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China share market fall partly due to panic: regulator
Tue,31 Jul 2012 06:33 PM PDT
Reuters - SHANGHAI (Reuters) - The fall in China's stock markets, which saw the Shanghai index slumping to a 3-1/2-year low, is partly driven by panic, the country's securities regulator said, adding that pessimism over a slowdown in the domestic economy may have been overdone. The China Securities Regulatory Commission (CSRC) said Chinese stocks still have very good investment value, with the average dividend rate rising in recent years to be nearly on par with those in developed markets, state-run Xinhua reported late on Tuesday, citing an unidentified official from the commission. ... Full Story | Top |
Apple, Samsung launch salvos as smartphone trial heats up
Tue,31 Jul 2012 05:46 PM PDT
Reuters -  SAN JOSE, California (Reuters) - Samsung Electronics Co Ltd told jurors that its products are not copycats of Apple Inc's iPhone but rather an example of legitimate American-style competition from the South Korean company. Lawyers for both tech giants faced off on Tuesday for opening statements in the highly anticipated U.S. patent trial, where Apple has accused Samsung of stealing iPhone features like scrolling and multi-touch. ...
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Apple designer: iPhone crafters are "maniacal"
Tue,31 Jul 2012 05:44 PM PDT
Reuters -  SAN JOSE, California (Reuters) - Apple Inc's celebrated industrial design team is a group of around 16 "maniacal" individuals from all over the world who spend a lot of time brainstorming around a kitchen table. The world's most valuable technology corporation on Tuesday allowed a rare glimpse into a zealously guarded internal hardware design process that has produced some of the world's most celebrated consumer electronics. In a high-profile U.S. ...
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Zynga hit by twin lawsuits after stock carnage
Tue,31 Jul 2012 05:33 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Zynga Inc was hit by a pair of lawsuits from shareholders accusing the "FarmVille" creator of failing to warn about declines in user and revenue growth before disastrous results sent its shares into a tailspin last week. Two California law firms filed lawsuits seeking class-action status on behalf of stockholders this week, taking the company to task for allegedly concealing threats to its business and sales growth, such as Facebook platform changes that made it easier for users to find rival games. ...
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Microsoft revamps Hotmail as social-friendly Outlook
Tue,31 Jul 2012 04:36 PM PDT
Reuters -  SEATTLE (Reuters) - Microsoft Corp unveiled a revamped, Facebook-friendly version of its free, online email service on Tuesday in an attempt to reverse market share losses to Google Inc's fast-growing Gmail. The world's largest software company is renaming its Hotmail service Outlook, giving it a sharp new look, social network links and new features for handling the tide of junk and mass mail that swamps many users. ...
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Google delays widely-panned "Nexus Q" orb gadget
Tue,31 Jul 2012 03:59 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc is postponing the launch of the Nexus Q, the Internet giant's first self-designed and marketed consumer electronics device, in a smudge on its budding hardware credentials. The company announced the indefinite delay of the orb-shaped media player device in an email on Tuesday to customers who had pre-ordered the made-in-America gadget, saying it wanted to add more features and functions. It offered a "preview version" of the streaming device for free instead. ...
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Twitter reinstates British journalist after outcry
Tue,31 Jul 2012 01:05 PM PDT
Reuters -  (Reuters) - Twitter Inc reinstated a British journalist's account on Tuesday and apologized after an outcry over his suspension for posting an NBC-Universal executive's email address on the service threatened to tarnish the company's reputation. Twitter banned Guy Adams, a Los Angeles correspondent for The Independent newspaper, on Monday after he tweeted the work email address of NBC's Olympics division president Gary Zenkel. ...
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Google acquires social ad start-up Wildfire
Tue,31 Jul 2012 01:05 PM PDT
Reuters -  (Reuters) - Google Inc said on Tuesday it acquired marketing start-up Wildfire to help the world's largest Internet search company expand further into social media. Google paid about $250 million for the business, according to a person familiar with the deal. The source is not authorized to speak publicly about the transaction and requested anonymity. Wildfire provides software that links to Facebook Inc, Twitter, LinkedIn Corp, Pinterest and other social networks, allowing customers to manage their online brand and presence. Wildfire's clients include Sony Corp and Amazon.com Inc. ...
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FTC backs $22.5 million Google settlement over Safari
Tue,31 Jul 2012 01:03 PM PDT
Reuters -  WASHINGTON (Reuters) - U.S. regulators will require Google Inc to pay a civil penalty of $22.5 million to settle charges that it bypassed the privacy settings of customers using Apple Inc's Safari browser, two people familiar with the matter said on Tuesday. Members of the Federal Trade Commission voted to approve a consent decree that will allow Google to settle the agency's investigation but admit no liability, said one of the sources, who was not authorized to speak on the record. An official announcement is expected within days, the second source said. ...
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Seagate shares tumble as slowing PC sales hit outlook
Tue,31 Jul 2012 12:23 PM PDT
Reuters - (Reuters) - Seagate Technology Plc's shares fell as much as 8 percent on Tuesday, after the hard disk drive (HDD) maker projected first-quarter revenue below estimates on slowing sales of personal computers. The company has been hit by slowing economic growth and shaky sales of PCs as consumers shift toward tablets and smartphones. FBN Securities cut its price target on Seagate's stock to $32, saying selling prices had started to decline from their peak levels after the Thailand floods last year and inventory had started rising. ... Full Story | Top |
Mobile internet demand boosts Allot second-quarter profit
Tue,31 Jul 2012 11:25 AM PDT
Reuters - JERUSALEM (Reuters) - Allot Communications , which supplies technology that allows telecoms operators to monitor and allocate bandwidth, posted a forecast-beating rise in quarterly profit as revenues rose more than 40 percent, helped by surging demand for fast internet on mobile devices. However, the initial positive reaction that sent Allot's Tel Aviv shares 2.7 per cent higher by the close was tempered by concern over deal flow and the company's simultaneous announcement of its second acquisition in four months. Allot's Nasdaq-listed shares slid 7 percent to $22. ... Full Story | Top |
Law firm accuses Zynga of failing to disclose key data
Tue,31 Jul 2012 10:38 AM PDT
Reuters - SAN FRANCISCO (Reuters) - A California law firm representing a stockholder has filed a class-action lawsuit against Zynga Inc, accusing the game publisher of failing to disclose a rapid decline in users and revenue. The social gaming giant behind "Farmville" and a plethora of other Facebook games last week stunned Wall Street by reporting quarterly results well below expectations and slashing its 2012 revenue forecast. Its stock plummeted 42 percent to a record low and analysts cut their recommendations on the stock. Zynga's results also cast a pall over Facebook Inc because the No. ... Full Story | Top |
Apple may be considering stock split: Bernstein
Tue,31 Jul 2012 07:17 AM PDT
Reuters -  NEW YORK (Reuters) - Bernstein Research on Tuesday wrote that Apple Inc may be considering a stock split, a move that could lead to the pricy company's inclusion in the Dow Jones Industrial Average . The firm gave no reason for why Apple might take such a move, which would double the number of Apple shares while halving the price. Calls to Bernstein were not returned. In a note to clients, senior analyst A.M. Sacconaghi wrote that a split would enable Apple to be considered for inclusion in the 30-company index, which he described as under-representing technology companies. ...
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Twitter suspends reporter's account for NBC tweet
Tue,31 Jul 2012 06:41 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Twitter Inc and NBC Universal's move to suppress a British reporter's tweets related to the network's Olympics coverage may have backfired after the incident became fodder for Twitter chatter around the world on Monday. The microblogging service suspended Guy Adams, the Los Angeles correspondent for London-based daily The Independent, after he sent a tweet on Friday revealing NBC Olympics President Gary Zenkel's email address. ...
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Olympics fans find ways to circumvent NBC's online control
Tue,31 Jul 2012 06:34 AM PDT
Reuters -  NEW YORK (Reuters) - It took Jason Legate, a Walnut Creek, California-resident, all of 10 minutes to connect his computer to a London-based server and access BBC's coverage of the Olympics Saturday, thereby circumventing NBC's lock on coverage in the United States. The 31-year-old system administrator said he has watched at least 12 hours of live BBC coverage (his favorite sport so far - judo) since he set up a virtual private network (VPN) connection to send all his Internet traffic to a server in London. ...
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