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| Yahoo sees revenue climb this year, but long road ahead Monday, Jan 28, 2013 06:54 PM PST  (Reuters) - Yahoo Inc forecast a modest uptick in revenue for the current year as it revamps its family of websites but Chief Executive Marissa Mayer warned it would be a long journey to revive the Internet company's fortunes. In Yahoo's first financial outlook since Mayer became CEO in July, the company outlined a plan to trigger a "chain reaction of growth" by overhauling a dozen of its online services to increase the amount of time users spent on its websites. It also pointed to strength in its search advertising business and progress made in improving its internal operations. ... Full Story | Top |
| Pervasive Software to be acquired by Actian for $161.9 million Monday, Jan 28, 2013 06:21 PM PST (Reuters) - Pervasive Software Inc said it had agreed to be acquired by Actian Corp, after the privately held big data management company raised its earlier offer by about 8 percent to $161.9 million. Actian will offer $9.20 in cash to Pervasive shareholders for each Pervasive share. The offer price represents a premium of 2 percent to Pervasive's closing price of $9.05 on Monday on the Nasdaq. Actian, headquartered in California, had raised its bid for Texas-based Pervasive twice. It initially offered $8.50 per share last August, and increased the price to $9.00 in November. ... Full Story | Top |
| As world of gadgets grows, online industry tunes in to video ads Monday, Jan 28, 2013 06:13 PM PST SAN FRANCISCO (Reuters) - Internet video ads, long a sideshow in the online advertising market, are gaining in importance to marketers and Web publishers as they look to capitalize on consumers' changing viewing habits and tap a $70 billion (44.5 billion pounds) television market. The ever-expanding array of gadgets that display online video, from tablets to Internet-connected TVs and DVD players, along with technology such as social media that facilitates distribution, has spurred new interest. ... Full Story | Top |
| Google pledges fight over government access to users' email Monday, Jan 28, 2013 05:19 PM PST  WASHINGTON (Reuters) - Google will lobby Washington in 2013 to make it harder for law enforcement authorities to gain access to emails and other digital messages. In a blog post on Monday, linked to Data Privacy Day, Google's chief legal officer, David Drummond, said the tech giant, in coalition with many other powerful tech companies, will try to convince Congress to update a 1986 privacy protection law. He cited data showing that government requests for Google's user data increased more than 70 percent since 2009. ... Full Story | Top |
| Yahoo revenue rises on search advertising Monday, Jan 28, 2013 03:41 PM PST  (Reuters) - Yahoo Inc posted a 4 percent gain in net revenue to $1.22 billion in the fourth quarter, when an increase in search advertising sales offset weakness in the Web portal's display ad business. The company forecast net revenue -- which excludes fees shared with partner websites -- of $1.07 billion to $1.1 billion in the current quarter, trailing the $1.1 billion that Wall Street analysts expect on average. Shares in Yahoo, which is trying to stave off declines across much of its business and revive growth, were up 1.5 percent in after hours trade. They had risen 4. ... Full Story | Top |
| Seagate results beat estimates; sees lower 3rd-qtr revenue Monday, Jan 28, 2013 03:20 PM PST (Reuters) - Seagate Technology Plc forecast third-quarter revenue below analysts' estimates, on muted demand for its hard disk drives as consumers pick smartphones and tablets over PCs, sending its shares down 4 percent after the bell. Worldwide PC shipments declined to 90.3 million units in the last three months of 2012, research firm Gartner said earlier in January, indicating that the sector was suffering from a shift in consumer habits as much as a weak global economy. ... Full Story | Top |
| VMware disappoints with 2013 outlook, to cut jobs Monday, Jan 28, 2013 02:42 PM PST (Reuters) - Software maker VMware Inc said on Monday it was cutting 900 jobs as part of a restructuring plan, and it gave a disappointing outlook for 2013. Its shares fell 13 percent in after-hours trade. VMware, a publicly traded division of data storage equipment maker EMC Corp, said in a filing that "to enable the company to focus its business on strategic areas" it planned "to streamline its operations." VMware did not elaborate in the filing but said it expected to complete the move by the end of the year and that it would take a charge of $90 million to $110 million. ... Full Story | Top |
| U.S. warns Antigua against "government-authorized piracy" Monday, Jan 28, 2013 02:40 PM PST WASHINGTON (Reuters) - The United States warned Antigua and Barbuda on Monday not to retaliate against U.S. restrictions on Internet gambling by suspending American copyrights or patents, a move it said would authorize the "theft" of intellectual property like movies and music. "The United States has urged Antigua to consider solutions that would benefit its broader economy. However, Antigua has repeatedly stymied these negotiations with certain unrealistic demands," said Nkenge Harmon, a spokeswoman for the U.S. Trade Representative's office. ... Full Story | Top |
| WhatsApp violates privacy laws over phone numbers: report Monday, Jan 28, 2013 09:35 AM PST AMSTERDAM (Reuters) - WhatsApp, one of the most popular apps in the world, contravenes international privacy laws because it forces users to provide access to their entire address book, Canadian and Dutch data protection authorities said. WhatsApp, which ranks as one of the world's top five best-selling apps, is an instant-messaging application for smartphones including Apple's iPhone and Research in Motion's Blackberry. The report comes at a time of increased criticism of internet companies, such as Facebook, over the storing and sharing of personal information. ... Full Story | Top |
| RIM names multiple BlackBerry 10 music, video partners Monday, Jan 28, 2013 07:59 AM PST  (Reuters) - Research In Motion Ltd has gathered a number of big-name music and video partners for its BlackBerry 10 storefront, ranging from Walt Disney Studios and Sony Pictures to Universal Music Group and Warner Music Group. RIM announced the partners on Monday, ahead of Wednesday's launch of its first phones based on its much-delayed BlackBerry 10 smartphone platform, which may be the company's last chance to regain ground it has lost to Apple Inc's iPhone. ... Full Story | Top |
| Siemens picks banks for two disposals: sources Monday, Jan 28, 2013 05:35 AM PST  FRANKFURT (Reuters) - Siemens AG has picked banks to organize the sale of two units as part of its efforts to streamline operations and stay competitive in a weak global economy, people familiar with the matter said. Goldman Sachs Group Inc will advise the German conglomerate on the sale of its Water Technologies units, while Rothschild will oversee the divestment of its smaller security products arm, which makes access card readers and technology for intruder detection and surveillance, the sources said on Monday. Siemens, Goldman and Rothschild all declined comment. ... Full Story | Top |
| App reveals chefs' favorite hot spots Monday, Jan 28, 2013 02:01 AM PST TORONTO (Reuters) - Where do top-rated chefs, sommeliers and bartenders hang out during their time off? A new app uncovers their favorite restaurants, bars and shops in cities around the world, from high-end eateries to dive bars. The app, Find. Eat. Drink., for iPhones provides recommendations from industry experts. It includes suggestions from Fergus Henderson, the English chef who popularized nose-to-tail dining and the Roca brothers, who run El Celler de Can Roca in Spain, which Restaurant magazine dubbed the second-best eatery in the world. ... Full Story | Top |
| China considering end to 13-year ban on video game consoles: report Sunday, Jan 27, 2013 10:31 PM PST SHANGHAI (Reuters) - China is considering lifting a decade-long ban on video game consoles, the official China Daily newspaper reported on Monday, sending shares of major hardware makers such as Sony Corp and Nintendo Co Ltd surging. In November, Sony's PlayStation 3 received a quality certification from a Chinese safety standards body, prompting speculation that Beijing would lift the ban, which the government said was imposed in 2000 to safeguard children's mental and physical development. ... Full Story | Top |
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