Today's Reuters Technology News Headlines - Yahoo! News:
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AOL not chasing Yahoo, but still gets top talent: CEO
Mon,28 Nov 2011 10:57 PM PST
Reuters -  NEW YORK (Reuters) - AOL Inc Chief Executive Tim Armstrong remains committed to keeping the company independent and is not looking at Yahoo's assets even as AOL's larger rivals seek to consolidate. Armstrong said during Reuters' Global Media Summit on Monday that AOL has not signed a nondisclosure agreement with Yahoo, its much larger competitor that is currently seeking a possible sale of its assets. Several potential bidders interested in Yahoo have signed confidentiality agreements in recent weeks. ...
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Activision CEO taunts EA, talks up "Skylanders"
Mon,28 Nov 2011 04:06 PM PST
Reuters -  NEW YORK (Reuters) - Activision Blizzard Chief Executive Bobby Kotick told Reuters that stores may face a shortage of its new children's game this holiday season and tried to cast doubt on a rival's upcoming game that analysts say could eat into Activision's user base. Activision, the biggest U.S. video game publisher by market capitalization, has been riding the success of its top franchises, "Call of Duty" and "World of Warcraft," but now analysts and investors are concerned about its lack of diversification. ...
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AOL not chasing Yahoo, will stay independent: CEO
Mon,28 Nov 2011 02:55 PM PST
Reuters -  NEW YORK November28 (Reuters) - AOL Inc does not plan to buy any of Yahoo's assets, AOL's chief executive said on Monday. Speaking at the Reuters Global Media Summit, AOL's Tim Armstrong reiterated the company's strategy of staying independent and growing its ailing brand, known for its dial-up services, into a media powerhouse dependent on advertising revenue. Since Armstrong took over as CEO of AOL in 2009, the company has made flashy acquisitions including political blog Huffington Post and the technology blog TechCrunch. ...
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Activision's "Skylanders" may face retail shortage
Mon,28 Nov 2011 01:14 PM PST
Reuters - NEW YORK (Reuters) - People looking for Activision Blizzard's new children's game "Skylanders" this holiday season may be out of luck after the game sold better than expected, the video game maker's top executive said on Monday. Activision Blizzard CEO Bobby Kotick said that there could be a shortage of the game at retail outlets. "(Skylanders) are in high demand. Retailers are across the board are concerned that they will be out of inventory well before Christmas," Kotick said. ...
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Twitter acquires mobile security start-up company
Mon,28 Nov 2011 11:16 AM PST
Reuters - (Reuters) - Twitter has acquired a start-up company that makes software to improve security and privacy for smartphones and other mobile devices. With its acquisition of Whisper Systems, Twitter gains technology to bolster security of its fast-growing microblogging service and gets a pair of highly-respected experts in the field of online security. Whisper Systems was co-founded last year by security experts Moxie Marlinspike and Stuart Anderson. "The Whisper Systems team is joining Twitter starting today," Twitter said in an emailed statement on Monday. ... Full Story | Top |
Court delays AT&T merger hearing
Mon,28 Nov 2011 11:01 AM PST
Reuters -  (Reuters) - The judge hearing the Justice Department's challenge of AT&T Inc's plan to buy Deutsche Telekom AG's T-Mobile USA unit has postponed a status conference set for this week until early December, the court said in an order issued on Monday. Judge Ellen Huvelle, who is hearing the case, said in a brief order that she was putting off a hearing set for Wednesday until December 9 "due to the court's scheduling conflict." AT&T has been pressing for a quick trial to resolve the Justice Department's antitrust challenge to its $39 billion deal. The trial is scheduled to start February 13. ...
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Government seizes websites accused of selling fake goods
Mon,28 Nov 2011 10:37 AM PST
Reuters - WASHINGTON (Reuters) - Some 150 websites allegedly selling counterfeit goods including shoes, purses, sunglasses and sports jerseys have been seized, authorities said on Monday, coinciding with the Cyber Monday holiday shopping day. U.S. authorities in the past few days slapped notices on the seized websites, including www.pumaoutlets.net, www.myjerseyshop.com, www.uggbootsclearanceoutletstores.com, in a bid to thwart sales of the counterfeit goods. ... Full Story | Top |
Apple beats Android in British market in October
Mon,28 Nov 2011 09:05 AM PST
Reuters - (Reuters) - The long-awaited iPhone 4S launch helped Apple Inc take top spot in the British smartphone market in October, overtaking phones using Google Inc's Android platform, data from research firm Kantar Worldpanel ComTech showed on Monday. "Apple took a whopping 42.8 percent share of all smartphone sales, giving it a significant lead over Android -- a feat many thought was impossible," Dominic Sunnebo, global consumer insight director at the firm, said in a statement. "With nearly a year and a half between iPhone launches there has been huge pent-up demand for a new Apple device," he ... Full Story | Top |
Lobby group wants EU to cut telcos' copper network fees
Mon,28 Nov 2011 09:03 AM PST
Reuters - BRUSSELS (Reuters) - European telecoms lobbying group ECTA urged EU regulators on Monday to cut fees charged by dominant operators for access to copper wire networks, arguing such firms enjoyed unfair subsidies. The call by the ECTA, which represents new entrants to the industry and internet service providers, could increase pressure on telecoms firms hostile to a tentative proposal by the EU's telecoms chief to cut the fees they charge rivals to use their copper-based networks. ... Full Story | Top |
Merge to launch cloud-based product in Q1, shares up
Mon,28 Nov 2011 07:45 AM PST
Reuters - (Reuters) - Merge Healthcare said it would launch its new cloud-based platform in the first quarter of 2012, sending the medical device maker's shares up 22 percent. The company unveiled its image-sharing product -- Merge Honeycomb -- at the Radiological Society of North America conference in Chicago. The company also announced its first application in the cloud that would allow free sharing of medical images from any web-enabled device. Shares of Merge, which rose as high as $5.40, later pared some of the gains to trade up 12 percent at $4.99 on Monday on Nasdaq. ... Full Story | Top |
HTC to tough out slowdown as strategy doubts grow
Mon,28 Nov 2011 07:32 AM PST
Reuters -  TAIPEI (Reuters) - HTC's promise of "competitive" new models early next year may not be enough of a strategy shift to convince investors it can regain the innovative streak that catapulted it from an obscure contract maker to the world's No.4 smartphone brand. HTC's Desire, Sensation and Wildfire models have lost ground to Apple Inc's iPhones and Samsung Electronics' Galaxy line-up, prompting calls for a change of tack in a fast-moving and fickle market. ...
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Nexon pushes ahead with IPO, hacking impact looms
Mon,28 Nov 2011 05:34 AM PST
Reuters - TOKYO (Reuters) - Online gaming firm Nexon Co said on Monday it would raise up to 98 billion yen ($1.3 billion) in an initial public offering this month, pushing ahead with its planned listing even as a massive hacking attack threatens to dampen excitement for the stock. Nexon, founded in South Korea in 1994 and now based in Japan, said in a statement on Monday that it had set the price range for the IPO at 1,200-1,400 yen per share, compared with a 1,360 yen tentative price announced earlier this month. ... Full Story | Top |
Google seeks EU approval for Motorola Mobility deal
Mon,28 Nov 2011 03:02 AM PST
Reuters - BRUSSELS (Reuters) - World No. 1 Internet search engine Google is seeking EU regulatory clearance of its planned purchase of handset maker Motorola Mobility Holdings, the European Commission said on its website on Monday. Google unveiled the $12.5 billion deal to boost its patent portfolio in August, seen as a defensive move against rivals such as Apple Inc.. The Commission will decide by January 10 whether to clear the deal, which was notified to the regulator last Friday, the Commission website showed. The Department of Justice is now assessing the proposed takeover. ... Full Story | Top |
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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