Today's Reuters Technology News Headlines - Yahoo! News:
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Arrests in Olympus scandal could take weeks: lawyers
Tue,29 Nov 2011 11:52 PM PST
Reuters - TOKYO (Reuters) - Japanese authorities may take weeks to make any arrests over the accounting scandal at Olympus Corp, though initial findings by an investigative panel of experts are due to be released in days, lawyers said. The panel, set up by Olympus after the scandal broke in mid-October, is due to report its findings in early December, likely paving the way for criminal complaints against former executives, the lawyers said. ... Full Story | Top |
LG replaces appliances chief; mobile head stays despite losses
Tue,29 Nov 2011 08:40 PM PST
Reuters - SEOUL (Reuters) - South Korea's LG Electronics Inc has replaced the head of its home appliances division but kept its mobile chief despite the business posting six consecutive quarters of losses. Lee Young-ha, president of LG's home appliances division, will be replaced by its head of overseas marketing, Shin Moon-bum, an LG spokesman said. Park Jong-seok, who has been leading LG's mobile division since late last year, will stay in his role. The world's No.3 handset maker declined to elaborate on the changes. ... Full Story | Top |
New York City can't tax Expedia, Priceline fees: court
Tue,29 Nov 2011 04:17 PM PST
Reuters - NEW YORK (Reuters) - An appeals court on Tuesday struck down a 2009 New York City law imposing a tax on hotel-booking websites such as Expedia Inc and Priceline.com Inc , the latest legal development in a battle playing out in cities across the country. Reversing a trial court, the Appellate Division, First Department, ruled that the city had overstepped its bounds in extending a 6 percent occupancy tax to "online travel intermediaries," and declared the law unconstitutional. Sites such as Expedia, Priceline, Orbitz and Hotels. ... Full Story | Top |
HTC does not violate FlashPoint patent, ITC says
Tue,29 Nov 2011 03:42 PM PST
Reuters - (Reuters) - HTC Corp , the world's No. 5 smartphone maker, does not infringe patented technology owned by FlashPoint Technology in making its smartphones with digital cameras, the International Trade Commission said on Tuesday. An ITC judge said in July that HTC did not infringe the FlashPoint technology in making its Android and Windows smartphones. The full commission upheld that decision. The ITC said it terminated the investigation. FlashPoint had also accused Nokia , Research in Motion and LG Electronics of infringement, but the three companies settled. ... Full Story | Top |
Sirius CEO wants defined role if Liberty takes over
Tue,29 Nov 2011 02:54 PM PST
Reuters - NEW YORK (Reuters) - Sirius XM Radio Inc CEO Mel Karmazin admits that he doesn't like playing second fiddle, which could pose a problem in 2012 if Liberty Media Corp increases its stake in the satellite radio operator. John Malone's Liberty took a 40 percent stake in Sirius two years ago as part of deal to lend it $530 million so Sirius could stave off bankruptcy. Liberty has the option to increase its holding above 49.9 percent after March 2012. Most analysts believe that when the time comes that is exactly what Liberty will do. ... Full Story | Top |
RIM to offer security features for iPhone, Android
Tue,29 Nov 2011 01:54 PM PST
Reuters -  TORONTO (Reuters) - Research In Motion is introducing a software tool that gives corporate customers the option of linking employees' personal iPhones to the BlackBerry network without compromising security. The move, announced on Tuesday, is RIM's first tangible acknowledgment that it has lost its iron grip on the corporate smartphone market and must accommodate the growing preference of workers for Apple and Google's Android devices. Its battered shares jumped on the announcement. "It's not an admission of guilt - it's a necessary evil," Suquehanna analyst Jeff Fidacaro said. ...
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Olympus to review business structure amid scandal
Tue,29 Nov 2011 01:17 PM PST
Reuters -  TOKYO (Reuters) - Japan's Olympus Corp has launched a review of its business structure, according to an internal memo, amid speculation the 92-year-old company may have to sell assets in order to survive a massive accounting scandal. The maker of cameras and medical equipment is also looking to reform its corporate governance, and is setting up separate teams to supervise the two reviews, according to the November 28 memo, obtained by Reuters and later confirmed by the company. ...
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Cyber Monday sales hit record $1.25 billion
Tue,29 Nov 2011 01:09 PM PST
Reuters -  (Reuters) - Cyber Monday online sales set a record, led by department stores and home goods retailers, according to U.S. data released on Tuesday. Online sales reached $1.251 billion on Monday, up 22 percent from the same day last year, said comScore Inc, a closely watched Web tracking firm. IBM Benchmark, a unit of International Business Machines Corp, put the increase at 33 percent compared with Cyber Monday in 2010. Department stores saw online sales surge 60 percent this Cyber Monday, compared with last year, while sales of home goods rose 68 percent, IBM Benchmark added. ...
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Seagate shares jump on strong Q2 revenue outlook
Tue,29 Nov 2011 06:09 AM PST
Reuters - (Reuters) - Shares of Seagate Technology jumped 9 percent in pre-market trade on Tuesday after the hard disk drive maker forecast strong second-quarter revenue. Seagate has been benefiting from better pricing and capacity as its competitors were hit hard by the Thailand flooding, J P Morgan analysts said in a note to clients. They raised their price target on the stock to $17.50 from $15. ... Full Story | Top |
Global cloud data traffic growing rapidly: Cisco
Tue,29 Nov 2011 05:32 AM PST
Reuters - (Reuters) - Network equipment maker Cisco Systems Inc said global cloud data traffic will grow at a compound annual rate of 66 percent between 2010 and 2015, as consumers and businesses seek untethered access to content and applications. By mid-decade more than a third of all data center traffic will be based in the cloud, which allows data to be stored and accessed remotely, Cisco said in its first annual Global Cloud Index published on Tuesday. Gobal data center traffic overall will increase four-fold, a 33 percent compound annual growth rate between 2010 and 2015, according to Cisco. ... Full Story | Top |
EU court adviser: copyright doesn't protect software functions
Tue,29 Nov 2011 03:46 AM PST
Reuters - BRUSSELS (Reuters) - U.S. computer software company SAS Institute cannot claim copyright protection for the functions performed by its programs, which have been replicated by a rival, an adviser to Europe's highest court said. The case is seen as crucial for the European computer industry and could determine how companies create products that can work with rival services without breaching copyright rules. ... Full Story | Top |
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 |
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