Today's Reuters Technology News Headlines - Yahoo! News:
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Manila says arrested hackers funded by Saudi group
Sat,26 Nov 2011 05:17 PM PST
Reuters - MANILA/BOSTON (Reuters) - Philippine police and the FBI have arrested four people over a hacking operation that targeted customers of U.S. telecommunications giant AT&T to funnel money to a Saudi-based militant group. Those arrested on Wednesday in Manila were paid by the same group the Federal Bureau of Investigation accuses of having funded the November 2008 attacks in Mumbai, the Philippines' Criminal Investigation and Detection Group (CIDG) said. The hacking activity resulted in almost $2 million in losses incurred by AT&T, the CIDG said in a statement. ... Full Story | Top |
In twist, blocking AT&T deal could hurt rivals
Sat,26 Nov 2011 05:03 AM PST
Reuters - NEW YORK (Reuters) - Driven by antitrust concerns, U.S. regulators are fighting hard to block AT&T's $39 billion deal to buy Deutsche Telekom's T-Mobile USA. But, in an ironic twist, smaller U.S. wireless rivals may suffer more if the deal is blocked than if it is approved. T-Mobile USA would emerge as a stronger, scrappier competitor thanks in large part to the hefty breakup fee it is entitled under the AT&T deal. ... Full Story | Top |
Philippines say arrested hackers funded by Saudi group
Fri,25 Nov 2011 11:52 PM PST
Reuters - MANILA/BOSTON (Reuters) - Philippine police and the FBI have arrested four people that Manila said were paid by a militant Saudi Arabian-based group to hack into U.S. telecom AT&T's system, but the company said it was neither targeted nor breached. The Philippines' Criminal Investigation and Detection Group (CIDG) said those arrested in Wednesday's operation in Manila with the Federal Bureau of Investigation were paid by the same group the FBI said had funded the November 2008 attacks in Mumbai. ... Full Story | Top |
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. ... Full Story | Top |
Black Friday draws crowds, but spending in doubt
Fri,25 Nov 2011 11:32 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. ... Full Story | Top |
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. ... Full Story | Top |
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. ... Full Story | Top |
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. ... Full Story | Top |
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. ... Full Story | Top |
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. ... Full Story | Top |
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. ... Full Story | Top |
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. ... Full Story | Top |
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. ... Full Story | Top |
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 |
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