Today's Reuters Technology News Headlines - Yahoo! News:
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Nokia links up with Groupon to promote deals on phone maps
Wed,1 Aug 2012 06:26 PM PDT
Reuters - CHICAGO (Reuters) - Nokia is promoting Groupon Inc offers on the maps on its Lumia smartphones as it tries to stand out in a crowded field vying for the attention of U.S. cellphone owners. The partnership with Groupon, announced on Wednesday, shows Groupon Now! offers on Nokia maps with a green "G" icon. U.S. users can buy offers from their phones and get directions to the locations to redeem the offers using Nokia's navigation system. Nokia is not sharing financial details of the partnership with Groupon. ... Full Story | Top |
Sharp considering cutting 5,000 jobs worldwide: source
Wed,1 Aug 2012 06:03 PM PDT
Reuters -  TOKYO (Reuters) - Japan's Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 percent of its consolidated workforce, a source close to the matter said on Thursday. The job cuts will be sought through early retirement and will also include reductions resulting from a plan to hive off ownership of its underused Sakai LCD factory in western Japan to Taiwan's Hon Hai Precision Industry, the source said. The maker of Aquos TVs posted a record net loss in the year ended March 31 on a plunge in demand for its TVs that left it saddled with a glut of LCD panels. ...
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U.S. court revives InterDigital lawsuit against Nokia
Wed,1 Aug 2012 01:40 PM PDT
Reuters -  WASHINGTON (Reuters) - A federal appeals court revived a patent infringement complaint filed by InterDigital Inc against Nokia, sending InterDigital's shares sharply higher on Wednesday. The U.S. Court of Appeals for the Federal Circuit said that the U.S. International Trade Commission erred in how it defined critical terms in the two patents in the complaint, and sent the case back to the ITC for reconsideration. InterDigital's shares closed up 14.2 percent to $31.18 on Wednesday. Both of the patents involve wireless cellular technology. ...
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California judge rules in favor of HP in Itanium server case
Wed,1 Aug 2012 01:21 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - A California state court judge ruled in favor of Hewlett-Packard and against Oracle Corp in a bitter lawsuit over Oracle's decision to end support for HP's Itanium-based servers. Santa Clara Superior Court Judge James Kleinberg wrote on Wednesday that a contract exists between HP and Oracle, and that Oracle is required to continue to offer its product suite on HP's Itanium server platform. Oracle is required to port its products to HP's Itanium-based servers without charge to HP, the judge ruled. (Reporting by Poornima Gupta and Dan Levine; Editing by Gary Hill)
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Analysis: Amazon pushes digital content on many gadgets
Wed,1 Aug 2012 11:26 AM PDT
Reuters -  (Reuters) - Amazon.com Inc is trying to get its digital music and video on as many gadgets as possible as the world's largest Internet retailer replicates a strategy that paid off for its Kindle e-book business. The theory is that if customers can play and watch Amazon music and video on all their existing devices, they are more likely to purchase the content from Amazon rather than competitors like Apple Inc's iTunes and Netflix. ...
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Zynga shakes up top management
Wed,1 Aug 2012 10:06 AM PDT
Reuters -  (Reuters) - Embattled Zynga Inc has shuffled its top management following a calamitous second quarter that left its stock in the gutter and spurred shareholder lawsuits. The game publisher said Chief Operating Officer John Schappert will no longer oversee game development. Those responsibilities have been shifted to Chief Mobile Officer David Ko and Executive Vice President of Games Steve Chiang, who will now report directly to Chief Executive Mark Pincus, the company said in a statement. ...
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Amazon launches Instant Video app for Apple's iPad
Wed,1 Aug 2012 07:46 AM PDT
Reuters -  (Reuters) - Amazon.com Inc launched a video application for Apple Inc's iPad on Wednesday, the latest effort by the world's largest retailer to get its digital content on as many gadgets as possible. The Amazon Instant Video app lets users stream or download movies and TV shows bought or rented from Amazon on their iPads. Amazon has more than 120,000 videos to rent or buy, it noted. Members of Amazon Prime, a free shipping program which costs $79 a year, can also stream more than 20,000 videos for free and the new iPad app gives these customers access to this content too, the company said. ...
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Lenovo executive dismisses Nokia bid talk as "joke"
Wed,1 Aug 2012 06:49 AM PDT
Reuters -  HELSINKI (Reuters) - A senior executive at Chinese personal computer maker Lenovo dismissed market speculation that the company was interested in buying struggling Finnish cellphone maker Nokia as a "joke." Shares in Nokia rose as much as 17 percent in heavy volumes earlier on Wednesday on market talk that Lenovo may be interested, but gave up the gains after executive Gianfranco Lanci's rebuttal. "This must be a joke," Lanci, who runs Lenovo's operations in Europe, Middle East and Africa, told Reuters. "There's nothing ongoing. ...
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Olympus stock slides on possible fresh wrongdoing
Wed,1 Aug 2012 01:52 AM PDT
Reuters -  TOKYO (Reuters) - Olympus Corp's shares slid on Wednesday after the scandal-battered endoscope and camera maker revealed it may have broken a U.S. law that bans corporations from offering bribes to win business in overseas markets. The 6.8 percent tumble in Olympus' stock also followed a surprise lawsuit by medical equipment maker Terumo Corp, which is vying with Sony Corp, FujiFilm Holdings and other companies to inject money into the cash-strapped company in return for a stake. Olympus in October told the U.S. Department of Justice about travel, meal and entertainment expenses paid by its U. ...
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Olympus says Terumo sues for $85 million over share loss
Wed,1 Aug 2012 01:29 AM PDT
Reuters -  TOKYO (Reuters) - Olympus Corp said on Wednesday it had received a lawsuit filed by Terumo Corp over loss of its shareholder value. Olympus said Terumo, a Japanese medical device maker, is demanding to be compensated for a loss of around 6.6 billion yen ($84.5 million) on its shareholding. The loss followed a plunge in Olympus's share price after an accounting scandal came to light last year. Camera and endoscope maker Olympus said it does not expect any other similar lawsuits. Terumo holds a 2.5 percent stake in Olympus and has proposed to invest 50 billion yen in cash-strapped Olympus. ...
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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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