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| A wave of apps like Wavii and Summly serve news on the go Friday, Nov 30, 2012 06:58 PM PST SAN FRANCISCO (Reuters) - Silicon Valley may believe that mobile devices represent the future of information technology, but they've yet to come up with a slick and comprehensive way to read and process news. A growing group of technology entrepreneurs hopes to change that. This week, Wavii, a start-up founded by a former Microsoft Corp employee, Adrian Aoun, unveiled a free iPhone app that filters news stories from around the world, crunches them through a natural language processing algorithm and presents them in five- or six-word summaries. ... Full Story | Top |
| Chinese bid for A123 may raise security risks: Senators Friday, Nov 30, 2012 04:06 PM PST WASHINGTON (Reuters) - A Chinese company's attempt to take over government-backed battery maker A123 raises serious national security concerns, a bipartisan group of lawmakers said this week, adding to growing congressional opposition to the deal. China's Wanxiang Group Corp is currently competing with U.S.-based Johnson Controls Inc to buy bankrupt A123, which makes lithium ion batteries for electric cars. The government must ensure that any sale of A123's technology, which has also been used by the military and to support the U.S. ... Full Story | Top |
| Mexican court enters preliminary $2.7 billion judgment against Yahoo Friday, Nov 30, 2012 02:51 PM PST  SAN FRANCISCO (Reuters) - A civil court in Mexico entered a preliminary $2.7 billion judgment against Yahoo Inc for breach of contract involving a yellow pages listings service, Yahoo said on Friday. Yahoo said that it believes the claims are without merit and that it will vigorously pursue all appeals. Shares of Yahoo were off 1.7 percent at $18.45 in afterhours trading on Friday. The lawsuit was brought by Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. de C.V. against Yahoo and Yahoo de Mexico, Yahoo said. ... Full Story | Top |
| House votes to expand visas for high-tech workers Friday, Nov 30, 2012 12:57 PM PST WASHINGTON (Reuters) - A bill to create a permanent visa program for foreigners with advanced science and technical degrees cleared the House of Representatives on Friday, the latest salvo in the broader fight over U.S. immigration reform. The Republican-backed measure proposes reserving 55,000 permanent residence visas for foreign graduates of U.S. universities with master's and doctoral degrees in the "STEM" disciplines of science, technology, engineering and math. ... Full Story | Top |
| How a desperate HP suspended disbelief for Autonomy deal Friday, Nov 30, 2012 11:59 AM PST  SAN FRANCISCO/NEW YORK/LONDON (Reuters) - For Leo Apotheker, the former Hewlett-Packard CEO, a July 2011 meeting with Autonomy founder Mike Lynch at a chic seaside resort in France was pivotal to his effort to remake a storied technology giant. In the nine months since taking the helm at HP, Apotheker had tried furiously to find a way to move the lumbering company away from its low-margin computer hardware business and into the lucrative corporate software and services arena. ... Full Story | Top |
| EBay's double tax base prompts calls for investigation Friday, Nov 30, 2012 11:47 AM PST  LONDON (Reuters) - Britain and Germany may have missed out on a combined $1 billion in sales tax since online marketplace eBay picked a tiny Luxembourg office as its base for EU sales, a shift that lawmakers say should now be investigated. EBay's nomination of Luxembourg unit eBay Europe Sarl - with a staff of nine - as its provider of services to EU clients allows it to charge customers in Europe a low rate of sales tax, often known as Value Added Tax, helping it to compete against rivals. However, the unit doesn't actually receive the money from sales. ... Full Story | Top |
| Twitter in legal spat over data clampdown Friday, Nov 30, 2012 11:34 AM PST  SAN FRANCISCO (Reuters) - Twitter Inc's steadily tightening grip over the 140-character messages on its network has set off a spirited debate in Silicon Valley over whether a social media company should or should not lay claim over its user-generated content. That debate has now landed in court. ... Full Story | Top |
| Electronic braking system in vehicles saves thousands: U.S. study Friday, Nov 30, 2012 10:20 AM PST (Reuters) - Computer-controlled braking systems in cars and light trucks are saving thousands of lives in the United States, according to a three-year study released on Friday by federal safety regulators. The systems have been required on all light-duty trucks and passenger vehicles under a 2007 federal safety regulation. The requirement was phased in over the years covered by the U.S. National Highway Traffic Safety Administration study. It estimated that the technology saved more than 2,200 lives from 2008 through 2010, including 634 in 2008, 705 in 2009 and 863 in 2010. ... Full Story | Top |
| Zynga shares slide after privileged status with Facebook ends Friday, Nov 30, 2012 08:17 AM PST  (Reuters) - Shares of gaming company Zynga Inc fell as much as 10 percent, a day after the "Farmville" creator reached an agreement with Facebook Inc that reduces its dependence on the social networking giant. The companies reported in regulatory filings on Thursday that they have reached an agreement to amend a 2010 deal that was widely seen as giving Zynga privileged status on the world's No.1 social network. ... Full Story | Top |
| SAP co-founder sells shares worth 120 million euros Friday, Nov 30, 2012 08:02 AM PST FRANKFURT (Reuters) - SAP's co-founder Hasso Plattner sold shares in the German business software maker worth 120 million euros ($155.74 million), divesting a portion of his overall stake, the company said on Friday. To protect the stock price, a bank will place 10 million euros worth of the shares every month until no more are left. "The sale will be carried out at the bank's own discretion in the stock market or over the counter, for the first time in November 2012 and then again in the months January through November 2013," SAP said in a regulatory statement. ... Full Story | Top |
| Infosys to shift U.S. listing to NYSE Euronext Friday, Nov 30, 2012 06:27 AM PST  BANGALORE (Reuters) - IT services firm Infosys Ltd, the first Indian company to list on Nasdaq, will shift its American Depositary Shares to the NYSE Euronext in a move it said is intended to increase access to the stock for European investors. Infosys, India's second-largest software services provider, is also seeking listing of its ADS on the Paris and London boards of NYSE Euronext. The moves will not affect its float or capital structure, the company said on Friday. The company, which has been listed on the Nasdaq OMX Group Inc board since 1999, is the third most widely held Indian stock. ... Full Story | Top |
| EU set to fight Internet tax and "spying" at global summit Friday, Nov 30, 2012 03:19 AM PST BRUSSELS (Reuters) - European Union member states are preparing to fight as a bloc alongside the United States to prevent a move by Russia and countries in Africa to impose a levy on internet traffic and make it easier to track users' activities. The showdown over the policing and administration of the internet will take place at a meeting of the International Telecommunications Union in Dubai from December 3-14, when the ITU's 193 member countries will meet to debate new net rules. ... Full Story | Top |
| Exclusive: Philippines fixer paid $30 million by Okada's Universal - sources Thursday, Nov 29, 2012 10:44 PM PST  TOKYO/SAN FRANCISCO (Reuters) - Japanese billionaire Kazuo Okada's Universal Entertainment funneled at least $30 million to an ex-consultant for the Philippines gaming authority who is now at the center of a bribery investigation, according to sources and company records. The sum is six times the amount initially confirmed by Reuters and could, if found to be bribery, result in Okada being stripped of his firm's casino license in the Philippines and also jeopardize his gaming license in Las Vegas. ... Full Story | Top |
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