Today's Reuters Technology News Headlines - Yahoo! News:
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LG Elec says joins Google to roll out Google TV
Thu,5 Jan 2012 10:54 PM PST
Reuters -  SEOUL (Reuters) - LG Electronics Inc said on Friday it would unveil its first Google TV next week, joining Sony Corp and Samsung Electronics Co in partnering with the search giant to get a foothold in the emerging Internet TV market. Google hopes to replicate the success of its Android mobile software in the TV market, but its attempt to conquer the living room has seen limited success so far due to a lack of web content and support from hardware manufacturers. Google TV allows consumers to access online videos and websites on their TVs, as well as specialized apps such as video games. ...
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Kanye West floods Twitter with "train of thoughts"
Thu,5 Jan 2012 03:49 PM PST
Reuters -  LOS ANGELES, JAN 5 - Rapper Kanye West had the Twitterverse buzzing on Thursday after posting a series of more than 80 tweets in a "train of thoughts" that left many fans and critics scratching their heads. The "Watch The Throne" rapper spent more than three hours posting numerous tweets discussing his struggles in the fashion industry, his views on politics and infrastructure, and being inspired by his late mother Donda to start a design company in her name. ...
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Olympus ex-CEO Woodford to brief media
Thu,5 Jan 2012 03:41 PM PST
Reuters - TOKYO (Reuters) - Michael Woodford, the ousted CEO of Olympus Corp, said on Friday he will hold a press conference at 0600 GMT to explain the reasons behind his decision to give up his three-month battle to replace the management of the scandal-tainted Japanese endoscope maker. (Reporting By Nobuhiro Kubo; Editing by Joseph Radford) Full Story | Top |
Analysis: Molly, Crackers and consumer power gone viral
Thu,5 Jan 2012 03:32 PM PST
Reuters - (Reuters) - Corporate America's worst nightmare lives in a tiny one-bedroom apartment, loves browsing in flea markets and has a lop-eared brown and white pet rabbit named Crackers. Meet Molly Katchpole. The 22-year-old Washington, D.C. resident has recently tangled with a couple of billion-dollar corporations, and cowed them into submission without breaking a sweat. Take Verizon Wireless, which had planned a $2 "convenience" charge for the privilege of paying a bill by phone or online. ... Full Story | Top |
Zynga releases first mobile game since IPO
Thu,5 Jan 2012 12:36 PM PST
Reuters -  (Reuters) - Online game developer Zynga Inc is releasing a new mobile word game called "Scramble with Friends" on Thursday to expand its user base beyond Facebook and catch up with rivals in the handheld market. Zynga shares have fallen below their initial public offering price since the company began trading on the Nasdaq stock exchange on December 16. On Thursday, the shares were trading at $9.04, about 10 percent below the IPO price. ...
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MetroPCS subscriber numbers disappoint
Thu,5 Jan 2012 07:11 AM PST
Reuters - (Reuters) - MetroPCS reported fourth-quarter net subscriber growth that missed analyst expectations even as it posted a smaller-than-expected customer cancellation rate. MetroPCS, a provider of wireless services to cost-conscious consumers, said it added 197,000 subscribers in the quarter on a net basis, compared with expectations ranging from 214,000 to 250,000 net additions from three analysts' research notes. However, churn, a measure of customer attrition, was 3.7 percent for the period. This was worse than 3.5 percent in the year-ago period but well ahead of expectations for 3. ... Full Story | Top |
Nokia prospects brighten as chairman search narrows
Thu,5 Jan 2012 07:04 AM PST
Reuters -  HELSINKI/TAIPEI (Reuters) - Struggling phone maker Nokia Oyj basked in brightening prospects for its much-hyped Windows phone on Thursday as it prepared to strengthen the hand of new boss Stephen Elop by replacing its old-guard chairman. Shares in the Finnish company, which has been losing ground to rivals in the fast moving market for "smart" mobile phones, topped the gainers board in the FTSEurofirst 300 index, standing 4.8 percent higher at 4.076 euros by 1415 GMT. ...
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Comcast, Disney ink 10-year carriage deal for TV, Web
Wed,4 Jan 2012 11:42 AM PST
Reuters - (Reuters) - Comcast Corp, the largest U.S. cable operator, and Walt Disney Co on Wednesday said they had reached a comprehensive 10-year programming carriage deal for TV, Web and handheld devices. The agreement covers Disney's various networks including ABC and ESPN, and will allow Comcast's Xfinity TV customers to watch those networks live or on-demand on multiple devices. The deal gives a big boost to the cable TV industry's push for programmers and distributors to reach agreements that will enable paying subscribers to watch their favorite shows anytime. ... Full Story | Top |
Groupon grew while major rival shrank in November: report
Wed,4 Jan 2012 08:43 AM PST
Reuters -  (Reuters) - Groupon Inc's main business grew in November as the largest daily deal company extended its lead over rival LivingSocial, according to estimates released on Wednesday. Groupon's gross billings totaled $154 million in November, up 6 percent from the $145 million it collected in October, Yipit estimated. LivingSocial's gross billings declined 5 percent to $52 million in November, versus the previous month, Yipit also estimated. Gross billings are a closely watched measure of how much money Groupon and other daily deal companies collect from the offers they run with merchants. ...
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Twitter embarrassed by fake Wendi Murdoch account
Wed,4 Jan 2012 05:44 AM PST
Reuters -  (Reuters) - Twitter, the popular microblogging site, apologized on Tuesday for incorrectly verifying a false account for Wendi Deng, the wife of News Corp Chief Executive Rupert Murdoch. The fake account with the handle @Wendi_Deng popped up on Sunday soon after a real Twitter account was started by the media mogul on New Year's eve. News Corp communications staff confirmed that the Murdoch account was genuine. ...
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Progress Q1 outlook misses street view, shares down 9
Tue,3 Jan 2012 04:56 PM PST
Reuters - (Reuters) - Business software maker Progress Software Corp forecast first-quarter earnings below analyst expectations, as some of its customers continue to delay investments amid macroeconomic uncertainties, sending its shares down as much as 9 percent in trading after the bell. "The company is facing execution challenges and its markets are softening, also it is trying to be conservative in its guidance," Analyst Steve Koenig of Longbow Research said. Progress Software expects to post earnings per share of 25 cents, on revenue of $120 million, for the first quarter ending Feb 29. ... Full Story | Top |
AT&T to pay TiVo to settle patent dispute
Tue,3 Jan 2012 03:51 PM PST
Reuters -  (Reuters) - AT&T Inc has agreed to pay TiVo Inc a minimum of $215 million and additional monthly licensing fees to settle a patent infringement dispute, sending shares in TiVo up 15 percent in afterhours trade. The settlement is the second big win in recent months for video-recording technology pioneer TiVo, which expects fees from AT&T to "significantly exceed" the guaranteed minimum payment. TiVo also prevailed in a similar case against Dish Network and Echostar Corp in May. ...
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RIM close to stripping CEOs of chairmanship: report
Tue,3 Jan 2012 01:57 PM PST
Reuters -  TORONTO (Reuters) - Research In Motion is close to a decision on stripping its co-chief executives of their other shared role as chairman of the board, a newspaper said on Tuesday, a change that could meet a key demand from angry and disillusioned investors. The National Post newspaper, citing "sources familiar with events," said Barbara Stymiest, currently an independent member of RIM's board, is leading the race to replace Mike Lazaridis and Jim Balsillie in the chairmanship. ...
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Rambus raises quarterly revenue outlook, shares jump
Tue,3 Jan 2012 01:30 PM PST
Reuters - (Reuters) - Rambus Inc raised its fourth-quarter revenue outlook, despite losing a major lawsuit late last year, sending its shares up 10 percent in early trading Tuesday. The technology licensing company said it expects to report fourth-quarter revenue that is well above its previously announced target. Rambus said it anticipates revenue of about $83 million, compared with its previously announced target range of $66 million to $71 million. The two analysts who follow Rambus, according to Thomson Reuters I/B/E/S, were on average expecting $69 million in revenue for the three-month period. ... Full Story | Top |
Micron jumps on report of DRAM consolidation
Tue,3 Jan 2012 12:40 PM PST
Reuters - (Reuters) - Shares of Micron Technology Inc jumped as much as 11 percent on a report that one its biggest competitors, Elpida Memory, may merge with Toshiba Corp, in a sign of consolidation in an industry hurt by cut-throat competition. On Tuesday, DigiTimes reported that the Japanese government was brokering talks between the troubled DRAM (dynamic random access memory chips) maker and Toshiba to merge operations. "The Elpida news is a definite sign of consolidation which could lead to significantly better pricing in the industry," Nomura analyst Sidney Ho told Reuters. Micron -- the only ... Full Story | Top |
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