Today's Reuters Technology News Headlines - Yahoo! News:
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Sharp may close Europe, U.S. solar units to secure financing: sources
Wed,26 Sep 2012 05:54 PM PDT
Reuters - TOKYO (Reuters) - Japan's Sharp Corp has offered to shut its solar panel businesses in Europe and the United States as a further cost cutting measure to persuade banks to extend $2.7 billion of the fresh financing it needs to stay in business. Lenders led by Mizuho Financial Group and Mitsubishi UFJ Financial Group are likely to approve a new batch of loans to prop up the ailing display maker as early as Thursday, sources earlier told Reuters. That 210 billion yen of lending will be on top of 150 billion yen ($1. ... Full Story | Top |
Amazon seeks to throw out Apple "app store" advertising claim
Wed,26 Sep 2012 05:37 PM PDT
Reuters -  (Reuters) - Amazon.com Inc has asked a federal judge to throw out Apple Inc's false advertising claim in a lawsuit challenging the online retailer's use of the "app store" name. The claim is part of a March 2011 trademark lawsuit in which Apple, which this year became the world's largest company ever by market value, accused Amazon of misusing its "App Store" name to solicit developers for a mobile software download service. ...
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Google exec questioned over Brazil election video
Wed,26 Sep 2012 04:59 PM PDT
Reuters -  SAO PAULO (Reuters) - Google Inc's most senior executive in Brazil was questioned by police and released on Wednesday after the company failed to take down a YouTube video attacking a mayoral candidate in alleged violation of electoral law. Google is appealing the charges against Fábio José Silva Coelho, who was brought in by federal police in São Paulo and released after he agreed to cooperate with the case, according to a police statement. "Google is providing clarification to legal authorities," a spokesman for the company in São Paulo said on Wednesday. ...
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Sharp may withdraw solar panel unit from Europe, U.S. : sources
Wed,26 Sep 2012 04:27 PM PDT
Reuters - TOKYO (Reuters) - Japan's Sharp Corp may pull its solar panel business out of Europe and the United States and as the cash-strapped company looks for ways to withdraw from money-losing businesses and cut costs, two sources told Reuters. The proposal to shrink the solar panel business is part of a business contingency plan the maker of Aquos televisions has submitted to banks in a bid to secure loans it needs to stay in business, the sources said on condition they were not identified. ... Full Story | Top |
Yahoo CEO fleshes out plans, new CFO named
Wed,26 Sep 2012 02:47 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - New Yahoo Inc CEO Marissa Mayer laid out broad goals for the Internet giant in her first companywide address Tuesday, and received an enthusiastic reception from a workforce that has faced years of uncertainty and management turmoil. Mayer mainly sketched broad visions rather than concrete details for her turnaround strategy, according to several people familiar with what was said in the tightly controlled meeting. ...
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Taylor & Martin to raise up to $180 million in IPO
Wed,26 Sep 2012 02:05 PM PDT
Reuters - (Reuters) - Taylor & Martin Group Inc, which helps companies cash their excess inventory and assets, said it expects to sell 15 million common shares for $10 to $12 each in an initial public offering, raising up to $180 million. The IPO proceeds will be used to pay down debt and to purchase partner companies, Taylor & Martin said in the filing. After the IPO, the stake of majority shareholder SABA Group LLC, which is controlled by Taylor & Martin's CEO Rod Cutsinger, will get diluted to 27 percent from about 97 percent, the company said in a filing with the U.S. ... Full Story | Top |
Progress Software profit beats estimates on cost cuts
Wed,26 Sep 2012 02:04 PM PDT
Reuters - (Reuters) - Database management software maker Progress Software Corp reported a third-quarter profit that beat analysts' estimates, helped by cost cuts. The company's net income from continuing operations fell to $5.8 million, or 12 cents per share, from $9.1 million, or 14 cents per share, a year earlier. Excluding items, it earned 31 cents per share. Revenue fell 14 percent to $107.2 million. Analysts expected earnings of 24 cents per share on revenue of $112.3 million, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
Getting in tune; Samsung to shop for software
Wed,26 Sep 2012 01:54 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics, which has vaulted the value chain on the strength of its hardware, will go out and buy mobile content providers, a senior executive told Reuters, to compete with Apple, Google and Amazon.com in a global digital music market worth nearly $9 billion. The South Korean electronics giant has muscled its way to global leadership in TVs, smartphones, chips and display screens - packing internally sourced state-of-the-art components into consumer gadgets - but software remains a weak link. ...
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Barnes & Noble unveils its first hi-definition tablets
Wed,26 Sep 2012 12:53 PM PDT
Reuters -  NEW YORK (Reuters) - Barnes & Noble Inc's first hi-definition tablets, unveiled on Wednesday, were well received by analysts who said the devices keep the bookseller in the fight with Amazon.com Inc, Apple Inc and Google Inc - for now. The largest U.S. bookstore chain introduced a $199 7-inch Nook HD tablet that will go up against similar, recently launched products by Google and Amazon.com this holiday season. The company also unveiled a $269 9-inch Nook HD+ tablet that will compete with the Apple iPad. ...
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RIM shares rally as new BlackBerry inspires hope
Wed,26 Sep 2012 11:01 AM PDT
Reuters -  TORONTO (Reuters) - Shares of Research In Motion rose more than 5 percent on Wednesday after the struggling BlackBerry maker announced better-than-expected subscriber numbers and assured wary investors its new smartphone will go on sale in early 2013. Waterloo, Ontario-based RIM will announce quarterly results on Thursday and analysts had expected the company, for the first time in its history, to report that it had started to lose subscribers. But at a developer event on Tuesday, RIM said its subscriber base grew by 2 million in the quarter ended Sept 1. ...
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Google buys wind power for Oklahoma data center
Wed,26 Sep 2012 10:26 AM PDT
Reuters - (Reuters) - U.S. Internet company Google Inc on Wednesday agreed to buy 48 megawatts (MW) of wind energy for its Oklahoma data center from the Canadian Hills wind power project in Oklahoma, which is expected to enter service later this year. In a release, Google said it has been working with its local utility, the Grand River Dam Authority, to procure additional renewable energy since plugging in the Oklahoma data center in 2011. ... Full Story | Top |
IBM aims for Amazon, Salesforce.com with midsize cloud plan: WSJ
Wed,26 Sep 2012 07:22 AM PDT
Reuters -  (Reuters) - International Business Machines Corp will announce on Wednesday that it will ramp up efforts to sell cloud computing services to midsize businesses, the Wall Street Journal reported on Tuesday. The move by IBM, a bellwether for the IT industry because of its global span and breadth of businesses, is aimed at grabbing market share from companies like Amazon.com Inc and Salesforce.com Inc, which have been successful in the mid-market, the paper said. For Armonk, N.Y.-based IBM, midsize companies refer to those with less than 1,000 employees, the newspaper said. ...
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Middle East telcos mull alliance in Facebook fight
Wed,26 Sep 2012 07:10 AM PDT
Reuters -  DUBAI (Reuters) - Middle East telecommunications firms are discussing the idea of creating a pan-Arab online platform that would earn them more revenue from their networks by challenging Facebook and other Internet behemoths of the West. The ambitious project faces technical and financial obstacles and may never be implemented on a large scale. But proponents argue the common language and culture shared by the world's more than 350 million Arabic speakers, plus the webs of affiliated companies which Gulf operators own across the Middle East and North Africa, could make the project viable. ...
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Chinese ministries test-drive China-made electric cars: Xinhua
Wed,26 Sep 2012 07:10 AM PDT
Reuters - BEIJING (Reuters) - Eleven Chinese ministries and government agencies are test-driving China-made electric cars and more will follow suit, state news agency Xinhua said, in the latest show of state support for the country's fledging green vehicle industry. Staff at the ministries will drive a fleet of 23 electric cars from Warren Buffett-backed BYD Co Ltd and Anhui Jianghuai Automobile Co, or JAC Motors, as their official vehicles in a one-year trial, Xinhua said on Wednesday. ... Full Story | Top |
Angry Birds maker hopes Bad Piggies will help it fly again
Wed,26 Sep 2012 07:04 AM PDT
Reuters -  HELSINKI (Reuters) - Angry Birds-maker Rovio Entertainment will be hoping to prove it's no one-hit wonder when it launches Bad Piggies on Thursday, just as players seem to be tiring of the game they've been addicted to for the past three years. The new game will feature pigs which strike back at the birds who attacked them with slingshots in Angry Birds. A hit on app stores would give the Finnish company a boost as it looks to a possible stock market flotation next year. ...
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