Today's Reuters Technology News Headlines - Yahoo! News:
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Sharp predicts net profit it needs to win bank bailout: Kyodo
Mon,24 Sep 2012 07:50 PM PDT
Reuters - TOKYO (Reuters) - Cash-strapped Sharp Corp is predicting a net income of 15 billion yen ($188 million) for the next business year, part of a plan to return to the profit it needs to win a bailout from its main banks, Kyodo news reported on Tuesday. Sharp has to repay as much as 360 billion yen of short-term commercial paper loans and needs a credible plan to secure financing from lenders led by Mizuho Financial Group and Mitsubishi UFJ Financial Group. ... Full Story | Top |
Olympus and former executives plead guilty in fraud trial
Mon,24 Sep 2012 07:38 PM PDT
Reuters -  TOKYO (Reuters) - Three former executives of Japanese camera and endoscope maker Olympus Corp, and the company itself, pleaded guilty on Tuesday after being charged in connection with a $1.7 billion accounting cover-up in one of Japan's biggest corporate scandals. Prosecutors charged ex-chairman Tsuyoshi Kikukawa, former executive vice-president Hisashi Mori and former auditor Hideo Yamada with inflating the company's net worth in financial statements for the fiscal years ended March 2007 and 2008, in violation of the Financial Instruments and Exchange Law. ...
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White House said to plan executive order on cybersecurity
Mon,24 Sep 2012 07:16 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - The White House is preparing to direct federal agencies to develop voluntary cybersecurity guidelines for owners of power, water and other critical infrastructure facilities, according to people who said they had seen recent drafts of an executive order. ...
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Sony set for $642 million investment in Olympus: sources
Mon,24 Sep 2012 06:36 PM PDT
Reuters - TOKYO (Reuters) - Sony Corp will likely approve a plan this week to invest 50 billion yen ($642 million) in cash-strapped Olympus Corp, becoming its biggest shareholder with around a 10 percent stake, three sources familiar with the deal told Reuters. Sony will set up a joint business with Olympus to develop new medical equipment, and next year will send an executive to join its board of directors, the sources said on condition they were not identified. Sony wants to nurture new businesses, including medical equipment, to increase revenue as it draws back from loss-making televisions. ... Full Story | Top |
Foxconn's Taiyuan plant reopened, says no impact on supply
Mon,24 Sep 2012 06:26 PM PDT
Reuters -  TAIPEI (Reuters) - Foxconn Technology Group's plant in Taiyuan in northern China has resumed production on Tuesday morning after a riot that involved 2,000 workers had forced the company to close the factory on Monday. Foxconn spokesman Louis Woo said he saw no impact on supply to clients after the one-day closure. "We have 79,000 people working in Taiyuan campus, and we always have spare inventory," Woo told Reuters by phone. Foxconn is the trading name of Hon Hai Precision Industry Co, and is the world's largest contract maker of electronic goods. ...
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Huawei sees smartphones leading growth in consumer devices
Mon,24 Sep 2012 06:04 PM PDT
Reuters -  SHENZHEN, China (Reuters) - Huawei Technologies Co Ltd, the world's sixth-biggest maker of mobile phones, is looking to its smartphones to outpace global growth rates and drive a consumer gadgets business that will rival its flagship telecoms gear in revenue. The Shenzhen-based company founded 25 years ago by former People's Liberation Army soldier Ren Zhengfei is currently number-two globally in communication networks, a business that last year brought in close to three-quarters of total revenue. ...
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HP loses tax case over valuing U.S. research credit
Mon,24 Sep 2012 03:28 PM PDT
Reuters -  WASHINGTON (Reuters) - Hewlett-Packard Co on Monday lost a legal bid to expand its benefits from the research tax credit after the U.S. Tax Court ruled the company could not exclude certain types of income when calculating the tax break. It was unclear from the court documents how much in taxes HP would now owe, but according to the ruling, the amounts under dispute involved tens of millions of dollars. HP had challenged an Internal Revenue Service ruling on the matter. The IRS had said the computer maker owed taxes in cases where it tried to claim the credit between 1999 and 2003. ...
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Foxconn China plant closed after 2,000 riot
Mon,24 Sep 2012 01:13 PM PDT
Reuters -  TAIYUAN, China/TAIPEI (Reuters) - About 2,000 Chinese employees of an iPhone assembly company fought a pitched battle into the early hours of Monday, forcing the huge electronics plant where they work to be shut down. Authorities in the northern city of Taiyuan sent 5,000 police to restore order after what the plant's Taiwanese owners Foxconn Technology Group said was a personal dispute in a dormitory that erupted into a mass brawl. ...
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Apple sells over 5 million iPhone 5, supply constraints loom
Mon,24 Sep 2012 12:50 PM PDT
Reuters -  (Reuters) - Apple Inc sold over 5 million iPhone 5 smartphones in the three days since it hit stores, but shares sagged as the company struggled to meet demand. While sales were solid, the company said on Monday it had run out of its initial supply and many pre-orders were scheduled to go out in October. Apple Chief Executive Tim Cook said the company is "working hard to build enough iPhone 5s for everyone." Expectations for new Apple products were so high - some analysts forecast Apple selling as many as 10 million phone over the weekend - that Wall Street was not wowed by the latest numbers. ...
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Toys R Us sued over kids tablet trade secrets
Mon,24 Sep 2012 12:27 PM PDT
Reuters -  (Reuters) - The maker of the Nabi tablet computer for children sued Toys R Us Inc on Monday, saying the world's largest toy retailer stole trade secrets in preparing to introduce the rival Tabeo tablet this month. The lawsuit filed in federal court in San Diego, California, seeks to stop Toys R Us from selling Tabeo ahead of the all-important holiday season. Nabi creator Fuhu Inc contends that Toys R Us agreed to become the exclusive seller of the Nabi last year to learn product secrets before bringing Tabeo to market. ...
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Google shares hit record high, find favor on Street
Mon,24 Sep 2012 10:45 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc shares set an all-time high on Monday, with the Web giant's reliable advertising business back in vogue among Wall Street investors disenchanted with younger social media companies. The stock reached $748.90 in afternoon trading, inching past a previous record set in November 2007 of $747.24. It traded below $300 in 2009 during the global economic crisis and remained under pressure in the ensuing years as investors worried that Google's best years were behind it. The world's No. ...
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U.S. poised to hand over $197 million to another solar panel start-up
Mon,24 Sep 2012 09:31 AM PDT
Reuters -  LOS ANGELES (Reuters) - A tiny solar company named SoloPower will flip the switch on production at a U.S. factory Thursday, a major step toward allowing it to tap a $197 million government loan guarantee awarded under the same controversial program that supported failed panel maker Solyndra. SoloPower has initiated a strategy to differentiate it from struggling commodity players in the solar panel industry. Still, there are several similarities between SoloPower and Solyndra - which became a lightning rod in the U.S. ...
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Verizon to pay more than $250 million in TiVo settlement
Mon,24 Sep 2012 08:54 AM PDT
Reuters - (Reuters) - TiVo Inc will receive at least $250.4 million from Verizon Communications Inc as part of a patent litigation settlement, the video recorder pioneer said on Monday, sending its shares up more than 4 percent. TiVo, whose brand is synonymous with digital video recorders, has had to turn to litigation to generate revenue from licensing fees as it struggles to fight competition from low-cost rivals. ... Full Story | Top |
Smile please! Click-free camera will capture a day in your life
Mon,24 Sep 2012 07:58 AM PDT
Reuters - LONDON (Reuters) - A groundbreaking camera that decides itself when to take a shot will go on sale in Britain in November, in the first consumer application of technology developed by the British maker OMG Plc. The device, called the Autographer, uses five in-built sensors and software developed by Microsoft Corp to chose the best moment to capture an image without any intervention from the user. The high-resolution pictures, which can number 2,000 in a day, can then be combined to create a visual record of an event like a party, a music festival or a typical day in the life of the owner. ... Full Story | Top |
New app helps drivers find private parking spots
Mon,24 Sep 2012 06:26 AM PDT
Reuters - TORONTO (Reuters) - It is a challenge for every urban driver -- finding reasonably priced parking. But before taking another loop around the block, it might be wise to consult a new mobile app. Parking Panda is a parking reservation service that allows drivers to find and book parking spots directly through their smartphones. It also lets those with empty driveways earn extra cash by renting theirs out. ... Full Story | Top |
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