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| Samsung, BlackBerry devices cleared for use on U.S. defense networks Thursday, May 02, 2013 08:41 PM PDT  By David Alexander WASHINGTON (Reuters) - The Pentagon on Thursday cleared BlackBerry and Samsung mobile devices for use on Defense Department networks, a step toward opening up the military to a wide variety of technology equipment makers while still ensuring communications security. Lieutenant Colonel Damien Pickart, a Pentagon spokesman, said the department cleared the use of BlackBerry 10 smart phones and BlackBerry PlayBook tablets using its Enterprise Service 10 system, as well as Samsung's Android Knox. ... Full Story | Top |
| New Zealand's internet bad boy wants to see top U.S. lawman Thursday, May 02, 2013 05:40 PM PDT  By David Ingram and Naomi Tajitsu WASHINGTON/WELLINGTON (Reuters) - A trip to New Zealand will put America's chief prosecutor on the same soil as a flashy internet mogul who is fighting extradition to the United States on charges he assisted massive piracy of copyrighted movies and music. U.S. Attorney General Eric Holder visits New Zealand next week for an annual meeting of a "quintet" of attorneys general from mostly English-speaking countries - and not to meet up with the entrepreneur Kim Dotcom. ... Full Story | Top |
| Microsoft goes mainstream to win phone share Thursday, May 02, 2013 04:50 PM PDT  By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's phone chief hates to call the new Nokia Lumia 521 cheap, but the lower-priced smartphone launching in the United States is the company's boldest move yet to win mass market share from leaders Apple Inc and Samsung Electronics. The world's largest software company has so far focused on putting its Windows Phone software into expensive, high-end devices - chiefly from Nokia and HTC Corp. ... Full Story | Top |
| LinkedIn second-quarter revenue forecast falls short of targets Thursday, May 02, 2013 03:30 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - LinkedIn Corp shares fell 10 percent on Thursday after disappointing revenue forecasts suggested that a revamped mobile app and other new products designed to keep smartphone users engaged will not deliver on advertising growth as quickly as anticipated. The social network that targets professional users and specializes in recruiting services has in past months trotted a series of enhancements such as news content for mobile devices, to keep users signed in longer and sell more advertising. ... Full Story | Top |
| Intel picks insider as CEO, dashing hopes for shakeup Thursday, May 02, 2013 02:52 PM PDT  By Noel Randewich and Sinead Carew SAN FRANCISCO/NEW YORK (Reuters) - Intel Corp chose veteran insider Brian Krzanich as chief executive, disappointing some investors who hoped an outsider would push for aggressive changes to help the world's largest chipmaker catch up in the mobile revolution. The company also announced on Thursday that software honcho Renée James, 48, had been elevated to the post of president. ... Full Story | Top |
| Warren Buffett joins Twitter, gains 1,000 followers a minute Thursday, May 02, 2013 02:12 PM PDT (Reuters) - Warren Buffett accumulates Twitter followers even faster than he makes money. The 82-year-old "Oracle of Omaha" joined the service and sent his first tweet on Thursday, picking up more than 45,000 followers in just under 45 minutes. "Warren is in the house," Buffett said under the handle "@WarrenBuffett." The handle was not officially verified by Twitter, but was confirmed by Fortune magazine, which hosted Buffett for a live webcast Thursday. It was billed as the first social media event for the notoriously technology-averse billionaire. ... Full Story | Top |
| Weebly refreshes its website publishing tools Thursday, May 02, 2013 01:37 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - For futurists in Silicon Valley, the question is fundamental, almost philosophical: In the coming years, will the humble website still be the dominant way we interact with the Internet? For David Rusenko, the 27-year-old founder and chief executive of global website builder Weebly, the answer is: Of course! On Thursday, Weebly unveiled a refresh of its publishing suite, which allows people to simply drag and drop page elements like images and headlines onto a canvas to build a site. ... Full Story | Top |
| Twitter hires Morgan Stanley banker with IPO, M&A background Thursday, May 02, 2013 10:47 AM PDT  SAN FRANCISCO (Reuters) - Twitter has hired Cynthia Gaylor from Morgan Stanley to run its corporate development team, bringing in a veteran investment banker with experience in acquisitions and initial public offerings. Twitter, which announced Gaylor's hiring in a tweet on Thursday, is expected to be the next big IPO to emerge from Silicon Valley. But executives have kept quiet about the company's precise plans. ... Full Story | Top |
| Facebook's mobile business expands in first quarter Thursday, May 02, 2013 08:57 AM PDT  By Alexei Oreskovic (Reuters) - Facebook Inc's mobile advertising revenue growth gained momentum in the first three months of the year as the social network sold more ads to users on smartphones and tablets, partially offsetting higher spending which weighed on profits. New types of ads designed for smartphones, particularly ads aimed at enticing Facebook users to install mobile apps on their phones, helped lift revenue while traffic to the social network remained strong. ... Full Story | Top |
| Harman International raises full-year forecast; shares rise Thursday, May 02, 2013 08:29 AM PDT By Sruthi Ramakrishnan (Reuters) - Audio systems maker Harman International Industries Inc, whose brands include JBL and Harman Kardon, raised its earnings forecast for the year ending June, and said it will shift more jobs to lower-cost countries in the next five years. Shares of the company jumped 14 percent to a year-high of $50.52 in morning trade on the New York Stock Exchange on Thursday. They were later trading at $47.49, up 7.4 percent. ... Full Story | Top |
| Analyst View: Intel names COO Krzanich as new CEO Thursday, May 02, 2013 07:33 AM PDT (Reuters) - Intel Corp on Thursday promoted Chief Operating Officer Brian Krzanich to CEO, effective May 16. The company surprised investors last November by suggesting it would consider the possibility of an outside CEO, though even at that time Krzanich was still considered a strong candidate for the job. Following are analyst reactions to the news: CODY ACREE, ANALYST, WILLIAMS FINANCIAL GROUP "It's probably the smoothest transition they could ask for. Brian is very well rounded and very in tune with where Intel is today. ... Full Story | Top |
| Siemens CFO says no industry recovery in sight yet Thursday, May 02, 2013 06:09 AM PDT FRANKFURT (Reuters) - Siemens finance chief Joe Kaeser said while he expects the industry business to reach its bottom in the current quarter it was uncertain when it would start recovering. "We assume that we will see the bottom in the third quarter, with revenue levels in industry coming in flattish from the second quarter. But the jury is out on whether there will be a rebound in the fourth quarter," Kaeser told analysts after the company published quarterly financial results. "We do not see a coherent picture that end-markets are picking up," he added. (Reporting by Maria Sheahan) Full Story | Top |
| Siemens curbs outlook on weak industry demand Thursday, May 02, 2013 06:09 AM PDT  By Maria Sheahan FRANKFURT (Reuters) - German industrial bellwether Siemens AG lowered its profit outlook for this year due to weak demand from industry and delays in delivering high speed trains and connecting offshore wind farms. Siemens also stepped up cost cutting efforts to cope with the global economic slowdown, although it said four big deals had pushed orders back to growth after six quarters of declines. ... Full Story | Top |
| Chipmaker Infineon says auto orders help lift outlook Thursday, May 02, 2013 03:45 AM PDT  By Harro Ten Wolde FRANKFURT (Reuters) - German chipmaker Infineon brightened its gloomy outlook for this year, citing orders from carmakers hoping sales of higher-spec models in China will offset flagging demand in Europe. The company, whose chips activate airbags, enable cruise control and cut emissions among other functions, said it expected 2013 revenue to drop by five percent on last year instead of up to 9 percent. Infineon said it expected its 2013 revenue to come in at the high end of its previous target range of 3.56-3.71 billion euros. ... Full Story | Top |
| HTC marketing blitz to squeeze 2013 margins Thursday, May 02, 2013 03:12 AM PDT  By Clare Jim TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp will struggle to improve its margins this year as it increases marketing spend for its latest model in a bid to catch up to rivals Samsung Electronics Co Ltd and Apple Inc. HTC on Thursday forecast strong sales of its flagship HTC One smartphone to lift second-quarter revenues by almost two-thirds to T$70 billion ($2.37 billion). Operating margins were also expected to widen to between 1 and 3 percent from the previous quarter's 0.1 percent, as HTC spends more on a campaign to improve its brand image. ... Full Story | Top |
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