Friday, November 2, 2012

Daily News Digest: Reuters Technology News Headlines - Yahoo! News

Friday, Nov 02, 2012 04:43 PM PDT

Facebook's Sandberg sells $7.4 million in stock 
Friday, Nov 02, 2012 04:43 PM PDT
Facebook COO Sandberg laughs at the Iab Mixx Conference and Expo in New YorkSAN FRANCISCO (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg and two other executives at the social networking company sold millions of dollars worth of stock this week as restrictions on insider trading expired. Sandberg netted about $7.44 million by selling roughly 353,000 Facebook shares on Wednesday, according to a filing with the SEC on Friday. Sandberg still owns roughly 20 million vested shares of Facebook stock, including shares held in her trusts, according to the filing. ...
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Apple iPad mini draws New Yorkers; crowds thin elsewhere 
Friday, Nov 02, 2012 03:18 PM PDT
Apple employees share high-fives with customers who has been waiting in line to purchase the new iPad minis at Apple Store Ginza in TokyoNEW YORK/SAN FRANCISCO (Reuters) - Apple Inc's iPad mini hit stores around the world on Friday, attracting sparser crowds than previous Apple launches, but the kickoff still drew hundreds of New Yorkers only days after one of the biggest storms to hit the United States. A proliferation of rival gadgets aimed at the holidays and cheaper tablets from Google Inc and Amazon.com Inc may have sapped interest in Apple's latest bet, resulting in shorter lines outside stores from Tokyo and Amsterdam to Sydney and Hong Kong. The 7. ...
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Twitter CEO lobbied against exiling Dorsey in 2008: investor 
Friday, Nov 02, 2012 03:15 PM PDT
Twitter's CEO Dick Costolo gestures during a conference at the Cannes LionsSAN FRANCISCO (Reuters) - Twitter CEO Dick Costolo lobbied against exiling Executive Chairman Jack Dorsey in a 2008 power struggle, according to an early investor who shed new light on the management turmoil that for years roiled one of Silicon Valley's drama-ridden companies. Chris Sacca, a former Google executive turned investor, said Costolo - another Twitter investor in 2008 - urged the board to keep hold of Dorsey, who is widely credited with inventing the 140-character messaging service. ...
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Google's Android software in 3 out of 4 smartphones 
Friday, Nov 02, 2012 01:06 PM PDT
Attendees gather at the Android developer sandbox during the Google I/O Conference in San FranciscoSAN FRANCISCO (Reuters) - Three out of every four smartphones sold in the third quarter featured Google Inc's Android mobile operating system, as the gap between Google and Apple Inc-based phones widened further, according to a new research report. Shipments of Android-based smartphones made by Samsung, HTC and other vendors nearly doubled in the third quarter, reaching 136 million units, according to industry research firm IDC. The strong sales boosted Android's share of the worldwide smartphone market to 75 percent, from 57.5 percent in the year-ago period. ...
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Over 20 million tweets sent as Sandy struck 
Friday, Nov 02, 2012 11:32 AM PDT
A man walks past a tree, which has fallen over during Hurricane Sandy, in Falls ChurchSAN FRANCISCO (Reuters) - Twitter users flocked to the micro-messaging network this week as Hurricane Sandy swept through the eastern U.S. seaboard, sending more than 20 million tweets about the storm between Saturday and Thursday, the company said. This far exceeds the 13.7 million tweets sent during the Super Bowl in February, typically the largest media event of the year. Founded in 2006, Twitter has sought to position itself as a "second screen" media product that users can pull up on their smartphones while watching events like the Super Bowl or the Olympics on television. ...
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Microsoft vs Google trial raises concerns over secrecy 
Friday, Nov 02, 2012 11:18 AM PDT
An employee rides her bike past a logo next to the main entrance of the Google building in ZurichSAN FRANCISCO (Reuters) - Two weeks before a high-stakes trial pitting Google's Motorola Mobility unit against Microsoft, Google made what has become a common request for a technology company fighting for billions of dollars: A public court proceeding, conducted largely in secret. Google and Microsoft, like rivals embroiled in smartphone patent wars, are eager to keep sensitive business information under wraps - in this case, the royalty deals they cut with other companies on patented technology. Microsoft asked for similar protections in a court filing late on Thursday. ...
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Sharp's stock falls, credit downgraded as worries mount 
Friday, Nov 02, 2012 04:29 AM PDT
To match Analysis ASIA-TECH-TVTOKYO/HONG KONG (Reuters) - Shares of Japan's Sharp Corp fell and Fitch Ratings downgraded its debt to junk status on Friday, a day after it warned of a $5.6 billion net loss for the year and said it might not be able to survive on its own. Sharp's stock fell 2.4 percent to 165 yen and has lost three-quarters of its value since the start of the year, the worst performer among 2,200 Asian large and midcap stocks, Thomson Reuters data shows. ...
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