Today's Reuters Technology News Headlines - Yahoo! News:
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Japan reconsiders boardroom rules amid Olympus scandal
Fri,25 Nov 2011 08:41 PM PST
Reuters -  TOKYO (Reuters) - A Japanese government panel will propose mandatory appointments of outside directors on boards of large firms in the hope of averting the kind of accounting scandal that has engulfed Olympus Corp. But expectations of meaningful change are not high, and experts say the process in which companies pick outside directors may also need regulatory adjustment. The British ex-CEO of Olympus, Michael Woodford, emerged from a meeting of directors on Friday convinced its board would eventually quit. ...
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Black Friday draws crowds, but spending in doubt
Fri,25 Nov 2011 07:16 PM PST
Reuters -  (Reuters) - Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season. The Brooklyn, New York teacher, one of hundreds of thousands of shoppers jostling for deals around the country, said he ended up spending about 25 percent more than he planned, even while worrying about the state of the economy. ...
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Analysis: Sprint network upgrade may curb unlimited data
Fri,25 Nov 2011 01:39 PM PST
Reuters -  NEW YORK (Reuters) - Sprint Nextel may be forced to abandon the biggest advantage it has over its rivals - unlimited data services for a flat fee - because of heavy data users and a shortage of wireless airwaves. Moreover, the increasing likelihood that AT&T's plan to buy T-Mobile USA, the nation's fourth-largest mobile operator, will fail may have the paradoxical result of making Sprint's position even more untenable, according to analysts who follow all three companies. ...
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AT&T braces for T-Mobile deal collapse
Fri,25 Nov 2011 11:19 AM PST
Reuters -  LONDON/FRANKFURT (Reuters) - AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators who say it would destroy jobs and curb competition. The U.S. telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the $39 billion takeover from the U.S. Department of Justice, but withdrew applications to the industry regulator, for now at least. ...
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Factbox: FCC has options in answering AT&T, T-Mobile
Fri,25 Nov 2011 11:19 AM PST
Reuters - (Reuters) - AT&T and T-Mobile USA owner Deutsche Telekom are withdrawing their application with the Federal Communications Commission to focus on defending their $39 billion deal from a lawsuit brought by the U.S. Justice Department. "We have every right to withdraw our merger from the FCC, and the FCC has no right to stop us," Wayne Watts, AT&T's general counsel, said in a statement on Friday. "Any suggestion the agency might do otherwise would be an abuse of procedure which we would immediately challenge in court," he said. ... Full Story | Top |
IPOs stoke San Francisco housing market
Fri,25 Nov 2011 08:51 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Adam Holm has been looking to sell his three-bedroom Victorian house in San Francisco's Potrero Hill neighborhood all year, but he needs one thing to happen first: gaming-company Zynga's initial public offering. "It seems foolish to put it on the market before when there are a thousand people down the street who are about to make a million dollars," said Holm. His place is within walking distance of Zynga's headquarters, and he expects prices in the neighborhood to rise significantly in the wake of the IPO. ...
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IPOs stoke San Francisco housing market
Thu,24 Nov 2011 09:27 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Adam Holm has been looking to sell his three-bedroom Victorian house in San Francisco's Potrero Hill neighborhood all year, but he needs one thing to happen first: gaming-company Zynga's initial public offering. "It seems foolish to put it on the market before when there are a thousand people down the street who are about to make a million dollars," said Holm. His place is within walking distance of Zynga's headquarters, and he expects prices in the neighborhood to rise significantly in the wake of the IPO. ...
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Alibaba.com posts slowest quarterly growth in almost 2 years
Thu,24 Nov 2011 04:36 AM PST
Reuters -  SHANGHAI (Reuters) - Alibaba.com, China's largest e-commerce firm, posted an 11.9 percent rise in quarterly net profit, its slowest growth in nearly two years, with the company raising concerns due to a weak trade outlook stemming from debt woes in Europe and the United States. The third-quarter results missed analyst forecasts and were attributed to a weak macroeconomic climate that led to a slower pace of customer additions. ...
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Thailand's surreal industrial park: crocodiles but no chips
Thu,24 Nov 2011 02:51 AM PST
Reuters -  AYUTTHAYA, Thailand (Reuters) - Knee-deep in foul-smelling water, workers are piling office equipment, documents and food onto fiber boats that ferry them from one building on Hana Microelectronics' 12-acre company site to another with more space on higher floors. It has been six weeks since Thailand's worst flooding in decades turned its industrial heartland into a real-life 'Waterworld' and the water is going down 20 cm a day. But it reached 2 meters at one point and will take time to clear, said General Manager Bruce Stromstad. ...
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HTC cuts Q4 revenue growth forecast; shares tumble
Wed,23 Nov 2011 05:37 PM PST
Reuters -  TAIPEI (Reuters) - Taiwan's HTC Corp cut its revenue forecast for the fourth quarter to no growth over the same period a year earlier from around 20 percent to 30 percent year on year growth previously, surprising the market and sending its shares tumbling 7 percent. The world's No.4 smartphone maker has been facing a slowdown in shipment growth in the second half of this year after growth more than doubled in the first half, as competition from bigger rival such as Apple Inc and Samsung intensifies and the global economy weakens. ...
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Merck said to hijack German rival's Facebook page
Wed,23 Nov 2011 01:42 PM PST
Reuters -  (Reuters) - German drugmaker Merck KGaA accused U.S. rival Merck & Co of hijacking its Facebook page and said it plans to sue to get it back. Merck KGaA asked a New York judge to force Facebook Inc to turn over information to help determine how the German company lost the page, http://www.facebook.com/merck , and the ability to administer it. According to a Monday filing with a New York state court in Manhattan, Merck KGaA contracted with Facebook in March 2010 for exclusive use of the page, but discovered last month that the unrelated Merck & Co was using it. ...
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No regrets from Best Buy on stocking RIM PlayBook
Wed,23 Nov 2011 12:09 PM PST
Reuters - NEW YORK (Reuters) - Big-box electronics retailer Best Buy has no regrets about stocking Research In Motion's PlayBook tablet, despite the product's poor reception and subsequent sharp discounting. The BlackBerry maker relied heavily on retailers like Best Buy and Office Depot to sell its response to Apple's iPad, but it has barely dented Apple's dominance of the tablet market. "We don't regret trying any new product that our vendors bring into the marketplace," Best Buy's president for the Americas, Mike Vitelli, told Reuters in an interview on Wednesday. ... Full Story | Top |
Nokia Siemens Networks to slash staff by quarter
Wed,23 Nov 2011 08:27 AM PST
Reuters -  HELSINKI (Reuters) - Nokia Siemens Networks, the world's second-largest maker of mobile phone network equipment, is axing 17,000 jobs, nearly a quarter of its workforce, to help save about 1 billion euros ($1.35 billion) a year. NSN, which has struggled to make a profit since being set up in 2007, did not say where it would make the cuts, part of wider changes that analysts said looked aimed at gearing up the company for an initial public offering. ...
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Google quits plans to make cheap renewable energy
Wed,23 Nov 2011 06:24 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Google Inc has abandoned an ambitious project to make renewable energy cheaper than coal, the latest target of Chief Executive Larry Page's moves to focus the Internet giant on fewer efforts. Google said on Tuesday that it was pulling the plug on seven projects, including Renewable Energy Cheaper than Coal as well as a Wikipedia-like online encyclopedia service known as Knol. The plans, which Google announced on its corporate blog, represent the third so-called "spring cleaning" announcement that Google has made since Google co-founder Page took the reins in April. ...
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Netflix shares hurt by bleak 2012 outlook
Tue,22 Nov 2011 04:31 PM PST
Reuters -  (Reuters) - Netflix Inc's shares dropped as much as 7 percent on Tuesday after it warned of a loss for 2012, a move the prompted several Wall Street analysts to cut their price targets for the online video and DVD rental company. Analysts at Caris, Janney, UBS and Wedbush Securities all slashed their price targets for Netflix, citing the company's outlook. It had previously said it anticipates a loss only in the first quarter of 2012. ...
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