Today's Reuters Technology News Headlines - Yahoo! News:
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Japan prosecutors charge key figures in Olympus scandal
Tue,6 Mar 2012 10:33 PM PST
Reuters - TOKYO (Reuters) - Tokyo prosecutors on Wednesday charged Olympus Corp and six key figures in the $1.7 billion accounting fraud at the camera and endoscope maker, tightening their case in the investigation of one of Japan's biggest corporate scandals. Prosecutors charged ex-chairman Tsuyoshi Kikukawa, former executive vice-president Hisashi Mori and former auditor Hideo Yamada with inflating the company's net worth in financial statements for the fiscal years ended March 2007 and 2008, in violation of the Financial Instruments and Exchange Law. ... Full Story | Top |
Hacking "mole" helps FBI arrest Anonymous leaders
Tue,6 Mar 2012 07:13 PM PST
Reuters -  NEW YORK (Reuters) - One of the world's most-wanted hackers secretly became an FBI informant last year, providing evidence that led to charges on Tuesday against five other suspected leaders of the Anonymous international hacking group. In a major blow to Anonymous, which has attacked the websites of government agencies and companies around the world, U.S. authorities revealed that a leading hacker "Sabu" was Hector Xavier Monsegur and that he was arrested at his small apartment in a Manhattan housing complex last June. ...
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Hacker "Sabu" was an FBI plant for months
Tue,6 Mar 2012 04:54 PM PST
Reuters - (Reuters) - Even as he urged tens of thousands of Twitter followers to rise up and attack government and law enforcement, the most wanted hacker on the planet was working for the FBI. New Yorker Hector Xavier Monsegur, 28, was exposed on Tuesday as the person behind Sabu, the colorful leader of Lulz Security, a much-feared and talented offshoot of the cyber-activist group Anonymous. Better known as LulzSec after its Twitter handle, the gang broke into computers at Sony Corp, an FBI-affiliated nonprofit agency in Atlanta, and a string of security companies with federal contracts. ... Full Story | Top |
Wanted computer hacker helps bring charges
Tue,6 Mar 2012 03:28 PM PST
Reuters - NEW YORK (Reuters) - One of the world's most-wanted cyber hackers secretly became an FBI informant last year and helped bring in five other suspected leaders of the loose-knit international Anonymous group who were charged with computer crimes on Tuesday. In a major blow to Anonymous, which has hacked the websites of government agencies and companies around the world, U.S. authorities said the hacker, Hector Xavier Monsegur, was arrested at his small apartment in a Manhattan housing complex last June. ...
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Chicago hacking suspect has troubled past
Tue,6 Mar 2012 03:24 PM PST
Reuters - CHICAGO (Reuters) - Jeremy Hammond, the Chicago man charged on Tuesday along with five other suspected members of the Anonymous hacking group, viewed his online activity as a legitimate way to fight for social justice and has served time in federal prison for his activism, according to the federal complaint against him. ... Full Story | Top |
Exclusive: Netflix in talks for cable partnership
Tue,6 Mar 2012 03:03 PM PST
Reuters -  (Reuters) - Netflix Chief Executive Reed Hastings has quietly met with some of the largest U.S. cable companies in recent weeks to discuss adding the online movie streaming service to their cable offerings, according to sources familiar with matter. In what would ratchet up its competition with HBO, the talks could lead to Netflix becoming available as another on-demand option for cable subscribers through their set-top boxes, according to three people familiar with the talks. ...
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Apple's next iPad may be a 4G game changer
Tue,6 Mar 2012 03:02 PM PST
Reuters -  SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc is betting a 4G-equipped iPad will tempt more U.S. consumers to pay extra to watch high-quality video on the go, and in turn, give Verizon Wireless and AT&T Inc a revenue boost. Until now, Apple's fan legion has been reluctant to shell out extra money even for iPads with 3G connections. The cheaper Wi-Fi-only model -- with more limited Web access -- is by far the top-selling one today. The newest iPad will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution network, according to a source familiar with the product. ...
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Intel launches high-end server chip for the cloud
Tue,6 Mar 2012 12:24 PM PST
Reuters -  SAN FRANCISCO (Reuters) - Intel Corp took the wraps off its newest "Xeon" server chip on Tuesday, seeking to capitalize on an explosion of Internet traffic sparked by Web-based cloud computing, social networking and growing smartphone and tablet computer use. The company's "Xeon E5-2600" family of processors delivers up to 80 percent better performance than previous platforms while consuming less energy, Diane Bryant, in charge of Intel's data center business, told reporters. ...
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Hacking payouts may drive up privacy damages in UK
Tue,6 Mar 2012 11:51 AM PST
Reuters - LONDON (Reuters) - Big payouts to victims of phone-hacking by Rupert Murdoch's now-defunct News of the World paper are set to drive up the damages awarded in privacy cases in Britain, according to a recent judgment and experts in media law. News International, the British newspaper arm of Murdoch's News Corp, has reached out-of-court settlements with dozens of people whose voicemails were illegally intercepted by the Sunday tabloid. Most of the payouts have been in a range of roughly 30,000-60,000 pounds ($44,000-$95,000) but a small number have been much higher. ... Full Story | Top |
Google recasts Android Market with new name
Tue,6 Mar 2012 10:10 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Google Inc is renaming its online storefront for music, books and digital goods, its latest move to raise its profile in the market for electronic content sales and to better compete with Apple Inc and Amazon.com Inc. The company has retired the Android Market name for its store that sells apps, videos, music and electronic books on the Web and on mobile devices. From Tuesday, the store will be rebranded as the Google Play Store. ...
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Qualcomm announces $4 billion share buyback plan, ups dividend
Tue,6 Mar 2012 08:38 AM PST
Reuters -  (Reuters) - Cellphone chip supplier Qualcomm Inc hiked its quarterly dividend by 16 percent and announced a new $4 billion share buyback program. The new stock buyback plan replaces the company's prior $3 billion program, which had $948 million of repurchase authority remaining. The new plan, with $3.5 billion of available authority, has no expiration date, Qualcomm said. At the end of last year, the company had 1.72 billion shares outstanding. The quarterly cash dividend will increase to 25 cents per share from 21.5 cents per share. ...
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Baird raises OmniVision on iPad contract, shares up
Tue,6 Mar 2012 07:09 AM PST
Reuters - (Reuters) - Baird upgraded OmniVision Technologies Inc a notch to "outperform" on indications that the company's camera sensors will be used in the next version of Apple Inc's iPad tablet. Apple is hosting a media event on Wednesday where it is expected to unveil a faster and better-equipped iPad to withstand competition from rivals such as Amazon.com Inc . OmniVision shares were up 8 percent at $17.09 in early trade on the Nasdaq. ... Full Story | Top |
Investors roll the dice as Apple's value booms
Tue,6 Mar 2012 06:35 AM PST
Reuters -  (Reuters) The world's most valuable company has turned into a bit of a casino stock. Since Apple Inc on February 29 became only the sixth company in U.S. history to top $500 billion in market capitalization, trading has become more volatile, indicating that more investors are tracking headlines and looking for quick gains. Apple has gained 32 percent since the beginning of the year, outstripping its gains for all of 2011. It accounts for more than 4 percent of the weight of the S&P 500 index, a kind of outsized standing that has caused its moves to dictate market direction on a daily basis. ...
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Nomura starts coverage of Google with buy
Tue,6 Mar 2012 05:44 AM PST
Reuters -  (Reuters) - Online advertising will continue to gain share at the expense of print-based media, Nomura said, starting coverage of Google Inc with its top rating. "We strongly prefer Google, as it continues to be a share gainer, driving the search and (increasingly) display markets, while Yahoo remains a laggard," said Nomura analysts, who also set a "neutral" rating on Yahoo. Over the next five years, online advertising, which accounted for about 17 percent of the global ad market last year, will grow at a compound annual growth rate of 11. ...
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In China, Apple faces its "Nike moment"?
Tue,6 Mar 2012 05:41 AM PST
Reuters -  BEIJING (Reuters) - As Apple Inc, the world's most valuable listed company, braces itself for a report into alleged poor working conditions among its army of low-cost suppliers in China, it could heed the lessons from another big-brand retailer that faced similar issues two decades ago. "Apple is facing its 'Nike moment'," said Teresa Cheng, international campaign coordinator for United Students Against Sweatshops (USAS), referring to accusations in the 1990s that suppliers to sportswear retailer Nike Inc mistreated workers. ...
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