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| Yahoo to shut down seven products, including Blackberry app Friday, Mar 01, 2013 04:11 PM PST  SAN FRANCISCO (Reuters) - Yahoo Inc is shutting down seven products, including its mobile app for Blackberry smartphones, as new Chief Executive Marissa Mayer takes a page from Google Inc's play book by eliminating unsuccessful products en-masse. The product shutdowns, which Yahoo announced on its official company blog on Friday, are part of what the company said are regular efforts to evaluate and review its product line-up. ... Full Story | Top |
| Judge cuts Apple award vs Samsung, sets new damages trial Friday, Mar 01, 2013 03:59 PM PST  (Reuters) - Apple Inc had a major setback in its ongoing mobile patents battle with Samsung Electronics on Friday, as a federal judge slashed a $1.05 billion jury award by more than 40 percent and set a new trial to determine damages. Apple won the award last year against Samsung in what was the biggest and highest-profile of a number of legal trials around the world, centered on the use and alleged abuse of patents in a highly competitive mobile market. ... Full Story | Top |
| White House, lawmakers resume cybersecurity bill talks Friday, Mar 01, 2013 03:02 PM PST  SAN FRANCISCO (Reuters) - U.S. House Intelligence Committee Chairman Mike Rogers said on Friday negotiations with the White House on a new cybersecurity bill have resumed, and the two sides are not "that far apart" after making progress this week. The Michigan Republican told Reuters that both sides are "very close" on agreeing about the roles that the Department of Homeland Security and other government agencies would play to better defend against cyber attacks. ... Full Story | Top |
| Small cells go large to help meet data demand Friday, Mar 01, 2013 02:05 PM PST  BARCELONA (Reuters) - Small cell radio equipment that boosts network coverage is providing big opportunities for telecom operators as they face growing demand for smartphone Internet access in busy streets, shopping centers and stadiums. The devices - small radio nodes which provide network coverage over a range of between 32.80 and 656.16 feet - have been used by businesses and consumers to provide a signal in areas of poor coverage for years. ... Full Story | Top |
| German lawmakers back Internet copyright, Google critical Friday, Mar 01, 2013 02:02 PM PST  BERLIN (Reuters) - German lawmakers approved a bill on Friday that aims to protect publishers' copyright on the Internet but critics branded it too weak for failing to make search engines such as Google pay for displaying news snippets. The bill, which follows years of debate, comes as the newspaper industry in Germany, as elsewhere, struggles to find new sources of revenue as readers and advertisers move online in droves. ... Full Story | Top |
| Apple battle yet to bear much fruit for Einhorn fund Friday, Mar 01, 2013 12:15 PM PST  NEW YORK (Reuters) - In a month when outspoken hedge fund manager David Einhorn went to battle with Apple Inc over the best use of the tech company's cash, his $8.8 billion hedge fund appeared to gain little from the effort in terms of performance. Einhorn's Greenlight Capital rose a meager 0.3 percent in February, according to sources familiar with the number. Shares of Apple are have dropped roughly 5 percent since Greenlight went activist on the stock in early February. Meanwhile, the benchmark Standard & Poor's 500 stock index advanced 1.1 percent last month. ... Full Story | Top |
| Einhorn drops lawsuit versus Apple, ends challenge Friday, Mar 01, 2013 12:15 PM PST  SAN FRANCISCO (Reuters) - Hedge fund manager David Einhorn's Greenlight Capital withdrew its lawsuit against Apple Inc, after winning an injunction last week that blocked the iPhone maker from moving forward with a shareholder vote on a controversial proposal. Apple had sought to limit its ability to issue preferred shares without a shareholder vote, but Einhorn challenged that in court as part of an effort to unlock more of the company's $137 billion cash hoard. U.S. District Judge Richard Sullivan ruled in Einhorn's favor last week and on Friday granted the motion to withdraw his lawsuit. ... Full Story | Top |
| Facebook to showcase new look for newsfeed on March 7 Friday, Mar 01, 2013 11:18 AM PST  SAN FRANCISCO (Reuters) - Facebook Inc will unveil a new look for its popular "newsfeed" next week, the latest move by the Web company to revamp key elements of its 1 billion member social network. Facebook will showcase the newsfeed makeover at a media event on March 7 at its Menlo Park, California headquarters, the company said in an emailed invitation to reporters on Friday. The event will be Facebook's second high-profile product event this year, following the rollout of its social search feature in January. ... Full Story | Top |
| Facebook to showcase "new look" for newsfeed Friday, Mar 01, 2013 09:42 AM PST  SAN FRANCISCO (Reuters) - Facebook Inc will hold a media event on March 7 at its Menlo Park, California headquarters to showcase a "new look for newsfeed," the company said in an emailed invitation on Friday. (Reporting By Alexei Oreskovic) Full Story | Top |
| In telecommuting debate, Aetna sticks by big at-home workforce Friday, Mar 01, 2013 08:45 AM PST  (Reuters) - For more than six years, Tammy Saunders has woken at 5:30 a.m., showered, dressed and walked upstairs - to her office. A nurse practitioner, Saunders works as a case manager for Hartford, Connecticut-based health insurer Aetna Inc, helping college students recovering from accidents or surgery get the follow-up services they need. The bonuses? No ironing, no commute and no need for after-school care for the kids. Also, less chatting with other employees - so fewer distractions. ... Full Story | Top |
| Romania believes rival nation behind "MiniDuke" cyber attack Friday, Mar 01, 2013 07:47 AM PST  BUCHAREST (Reuters) - Romania believes another state was behind the "MiniDuke" cyber attack that hit its national security institutions as well as NATO and other European countries, its SRI secret service said on Friday. It did not say which foreign power it suspected. Earlier this week, Russia's Kaspersky Lab and Hungary's Laboratory of Cryptography and System Security, or CrySyS, said the targets of the campaign included government computers in the Czech Republic, Ireland, Portugal and Romania. ... Full Story | Top |
| German book retailers team up against Amazon with new eReader Friday, Mar 01, 2013 07:34 AM PST  FRANKFURT (Reuters) - German book retailers have teamed up with Deutsche Telekom to produce their own eReader to challenge the dominance of Amazon.com in the growing market for digital books. Thalia, Weltbild, Hugendubel and Club Bertelsmann will start selling the 'Tolino' eReader from March 7, with over 300,000 books available for download, to compete with Amazon's Kindle and Apple's tablets, the companies said in a joint statement on Friday. As in Britain, where chains like Waterstones have come under pressure from the likes of Amazon, German book retailers have also suffered. ... Full Story | Top |
| Alibaba to roll out credit payment service for e-commerce platforms: report Friday, Mar 01, 2013 03:30 AM PST  SHANGHAI (Reuters) - Alifinance, a unit of Alibaba Group, will soon roll out a credit-line service for businesses and consumers on its e-commerce platforms, the Sina Technology news website said on Friday. The credit will be provided via Alipay, the affiliated e-commerce payment unit of Alibaba Group. A pilot version of the program, which will be first available for users of Taobao Marketplace and Taobao Mall on mobile devices, will be rolled out in certain parts of China. An Alipay spokeswoman declined to comment. ... Full Story | Top |
| Twilio copies Facebook tactic: funding other startups Friday, Mar 01, 2013 02:03 AM PST  SAN FRANCISCO (Reuters) - Years before becoming a publicly traded internet juggernaut, Facebook tried an unorthodox tactic to expand its influence - giving start-ups money to build Facebook apps. Now, unlisted internet telephony firm Twilio and its financial backer are attempting to recreate Facebook's success. Twilio said on Friday it would start a fund in Europe to encourage software developers to build apps using its voice-over-IP technology. The company's cloud-based technology lets businesses digitize call centers and text capabilities. ... Full Story | Top |
| Foxconn to shift China retail focus online after Metro ends joint venture Friday, Mar 01, 2013 01:37 AM PST  TAIPEI (Reuters) - Foxconn Technology Group said it will shift its China retailing focus to online sales after a joint venture with German retailer Metro AG failed to gain traction in stiff competition among large consumer electronics stores. Foxconn will use a network of nearly 1,000 electronics shops that it runs separately in China to support its online store, Foxconn spokeswoman Laura Liu said. "We have seen sales in our physical retail stores dropping so we're putting more focus on our online business," Liu said. She added that the company would continue to open new small stores. ... Full Story | Top |
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