Today's Reuters Technology News Headlines - Yahoo! News:
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HTC says to tough out downturn, new models coming
Sun,27 Nov 2011 07:23 PM PST
Reuters -  TAIPEI (Reuters) - HTC Corp promised competitive new models early next year and said it would stick to its strategy in the face of its biggest challenge since rising to prominence in the smartphone market. HTC has become the worst performer among global smartphone shares this year, falling over 30 percent in the last eight sessions alone, as investors worried it may have lost the innovative touch that propelled it from contract maker to must-have brand in only a few years. ...
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Analysis: Sprint network upgrade may curb unlimited data
Sun,27 Nov 2011 08:50 AM 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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Exclusive: Key figure in Olympus scandal found in Hong Kong
Sun,27 Nov 2011 06:21 AM PST
Reuters -  HONG KONG (Reuters) - Reuters found a Japanese banker who is a key figure in the Olympus Corp accounting scandal at a luxury apartment block in Hong Kong on Sunday, where he exploded in anger at finally being tracked down. Akio Nakagawa's boutique U.S. investment firm earned a $687 million fee from Olympus for a 2008 deal that made it the biggest advisory payment in history, and which the Japanese camera maker now admits was used to hide investment losses. The whereabouts of the former PaineWebber banker had been unknown until Sunday. ...
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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. ...
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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. ...
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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. ...
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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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