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| Apple software, retail chiefs out in overhaul Monday, Oct 29, 2012 05:45 PM PDT  SAN FRANCISCO (Reuters) - Apple Inc CEO Tim Cook on Monday replaced the heads of its software and retail units in the company's biggest executive shake-up in a decade following embarrassing problems with its new mapping program and unpopular store-related decisions. Software chief Scott Forstall, who oversaw the launch of the flawed mapping software and much criticized Siri voice-enabled assistant, will leave Apple next year. Forstall, seen as a polarizing figure inside Apple, had been billed as one of the future candidates to take the top job at Apple. ... Full Story | Top |
| PayPal cutting jobs as part of major reorganization Monday, Oct 29, 2012 04:26 PM PDT  SAN FRANCISCO (Reuters) - PayPal is cutting about 325 jobs as part of a major reorganization by its new president, David Marcus, designed to regain an innovative edge and head off rising competition. PayPal, the online payment pioneer owned by eBay Inc, said on Monday the full-time jobs would be eliminated as it combines nine product-development groups into one. The company is also cutting about 120 contractors. EBay will take a $15 million pretax restructuring charge in the fourth quarter related to the job reductions. ... Full Story | Top |
| Apple software, retail chiefs out in sweeping overhaul Monday, Oct 29, 2012 03:36 PM PDT SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook on Monday replaced the heads of its software and retail units in the company's most sweeping executive shake-up in a decade following embarrassing problems with its new mapping program and unpopular store-related decisions. Software chief Scott Forstall, who oversaw the launch of the flawed mapping software and much criticized Siri voice-enabled assistant, will leave Apple next year and serve as an advisor to Cook in the meantime. ... Full Story | Top |
| Security firm CrowdStrike hires U.S. Air Force info-warfare expert Monday, Oct 29, 2012 02:40 PM PDT SAN FRANCISCO (Reuters) - A high-profile cybersecurity company that has pledged to respond to hackers with unusual aggression has hired the former commanding officer of a top U.S. information-warfare unit to spearhead the most direct counter-attacks. CrowdStrike said the retired Air Force colonel, Mike Convertino, would coordinate the company's offensive operations on behalf of corporate clients, aiming in some cases to disrupt the infrastructure of their attackers. ... Full Story | Top |
| China search engine company Baidu posts slower revenue growth Monday, Oct 29, 2012 02:07 PM PDT  SAN FRANCISCO (Reuters) - Baidu Inc, China's largest search engine company, posted its slowest quarterly revenue growth in more than two years, hurt by slowing sales as economic growth slows. Baidu said on Monday that revenue in the third quarter was $994.6 million, up 49.7 percent from the year-ago period. For the fourth quarter, Baidu said it expects revenue of $979.3 million to $1.010 billion, below the average analysts' forecasts of $1.03 billion according to Thomson Reuters I/B/E/S. Baidu posted net income of $478. ... Full Story | Top |
| South Carolina governor seeks to calm taxpayers after security breach Monday, Oct 29, 2012 12:59 PM PDT  CHARLESTON, South Carolina (Reuters) - South Carolina Governor Nikki Haley sought on Monday to temper the anger and frustration of state taxpayers left wondering if their personal information was compromised by recent cyber attacks on computers belonging to the Department of Revenue. Some residents also questioned whether state officials took too long to disclose that as many as 3.6 million Social Security numbers and 387,000 credit and debit card numbers may have been exposed to a foreign hacker in the security breach. ... Full Story | Top |
| Sandy foils Facebook staffers' long-awaited stock sales Monday, Oct 29, 2012 12:50 PM PDT  SAN FRANCISCO (Reuters) - Facebook Inc's Silicon Valley headquarters are far away from the eye of Hurricane Sandy, yet for employees of the social networking company, the storm hit home. After nearly six months of watching helplessly as the value of Facebook's stock crumbled, Facebook employees finally got the greenlight to cash in some of their stock on Monday as the "lock-up" on trading them expired. ... Full Story | Top |
| Microsoft CEO says Windows 8 sales rate higher than Windows 7 Monday, Oct 29, 2012 12:03 PM PDT  SAN FRANCISCO (Reuters) - Microsoft Corp Chief Executive Steve Ballmer said on Monday sales of the company's new Windows 8 operating system, released to the public on Friday, were running at a higher rate than its last release, Windows 7. "We're above where we were with Windows 7," Ballmer told the audience at an event launching new phones running Microsoft's phone software called Windows Phone 8. Windows 7 is the best-selling version of Windows so far, selling more than 670 million licenses in three years since release in 2009. (Reporting By Malathi Nayak; Editing by Gerald E. McCormick) Full Story | Top |
| SEC taking deeper look at Nasdaq's Facebook plan Monday, Oct 29, 2012 11:57 AM PDT  WASHINGTON (Reuters) - Securities regulators are taking a closer look at Nasdaq OMX's $62 million plan to compensate brokers who suffered losses from the exchange operator's botched handling of Facebook's initial public offering. The U.S. Securities and Exchange Commission said it was instituting proceedings to more closely review the plan in light of the "legal and policy issues raised" by other market players. "The Commission believes that questions are raised as to whether Nasdaq's accommodation proposal... ... Full Story | Top |
| New app helps UK strip-club dancers know rights Monday, Oct 29, 2012 11:25 AM PDT LONDON (Reuters) - A new iPhone app offers workplace tips for exotic dancers to help them protect themselves against financial exploitation, abuse and a lack of safety. The "Dancers Information" application and a related website were conceived by researchers after findings from a study of the erotic-dance industry in England and Wales showed that current regulations of nightclubs in the sexual entertainment sector do not automatically address issues of employment status, welfare and security. ... Full Story | Top |
| Google unveils first 10-inch Nexus tablet Monday, Oct 29, 2012 11:05 AM PDT  SAN FRANCISCO (Reuters) - Google Inc unveiled a larger version of its Nexus-branded tablet computer on Monday, and updated its mobile gadget and online content offerings as competition with Apple Inc, Amazon.com Inc and Microsoft Corp heats up ahead of the holiday sales season. The device follows a spate of new product launches by the technology leaders in recent weeks, including Apple's iPad Mini last week and software-maker Microsoft's first-ever home-built tablet, the Surface. Google, the world's No. ... Full Story | Top |
| Halloween apps for a spooky and safe night Monday, Oct 29, 2012 08:16 AM PDT TORONTO (Reuters) - Whether it's tracking the safety of trick-or-treaters, finding a last-minute costume or giving your house a haunted vibe, there is a Halloween app for it. Although Hurricane Sandy will disrupt Halloween along the east coast of the United States, millions of children across the country are expected to celebrate the spooky holiday. While children are eager to go trick-or-treating, parents are concerned about the safety of their children. ... Full Story | Top |
| Verizon Wireless to sell Nokia's new Lumia smartphones Monday, Oct 29, 2012 05:59 AM PDT  HELSINKI (Reuters) - Verizon Wireless will begin selling Nokia's new Lumia smartphones this autumn, helping the Finnish company to fight back against Apple and Samsung in the United States The Nokia Lumia 822, which will run on Microsoft's Windows Phone 8 software, will include an 8 megapixel camera and allow for wireless charging, Nokia said on Monday. No details on pricing or exact sale dates were available. AT&T will start selling Nokia's high-end Lumia 820 and 920 phones in early November. ... Full Story | Top |
| In San Francisco, tech investor leads a political makeover Monday, Oct 29, 2012 02:23 AM PDT  SAN FRANCISCO (Reuters) - One morning in April, Ron Conway, the billionaire technology investor, sat in a conference room on the second floor of San Francisco's City Hall with about 50 representatives from the city's business community. On the agenda was a sweeping proposal by Mayor Ed Lee to reform the city's payroll tax, a plan that would favor companies with many employees but little revenue â€" tech start-ups, namely â€" while shifting the burden to the real estate and financial industries. ... Full Story | Top |
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