Today's Reuters Technology News Headlines - Yahoo! News:
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Third Point CEO to continue fight over Yahoo board
Wed,28 Mar 2012 03:46 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Daniel Loeb, chief executive of hedge fund Third Point, said he would continue to push to revamp Yahoo Inc's board of directors following Yahoo's decision to reject him as a board member. In a letter to Yahoo CEO Scott Thompson on Wednesday, Loeb blasted Yahoo for excluding shareholders from its board and accused the company of "making a mockery" of sound corporate governance principles. Third Point, Yahoo's largest institutional shareholder with a 5.8 percent stake, has launched a proxy fight to appoint four directors to the Internet company's board of directors. ...
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Online advertisers cautioned against privacy blunders
Wed,28 Mar 2012 03:27 PM PDT
Reuters - WASHINGTON (Reuters) - Online advertisers facing scrutiny from governments wanting to give Internet users more control over personal data online were urged at an industry conference on Wednesday to avoid privacy blunders that could undermine calls for self-regulation. The White House and Federal Trade Commission have unveiled privacy frameworks that rely heavily on voluntary commitments by the advertisers to address lack of controls over the collection and trading of vast amounts of detailed information about the online activities and real-life identities of consumers. ... Full Story | Top |
Google proposes Android revenue for Oracle: filing
Wed,28 Mar 2012 02:50 PM PDT
Reuters -  (Reuters) - Google proposed to pay Oracle a percentage of Android revenue if Oracle could prove patent infringement of the mobile operating technology at an upcoming trial, but Oracle rebuffed the offer as too low, according to a court filing late on Tuesday. Oracle Corp sued Google Inc in 2010, claiming the Internet search leader's Android technology infringed Oracle's Java patents. A trial is set for April 16 before District Judge William Alsup in San Francisco. Oracle also sued for alleged copyright infringement. ...
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Facebook halts secondary market trading, plans for May IPO
Wed,28 Mar 2012 02:18 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Social-networking site Facebook is halting the sale of its shares on secondary markets effective next week as the company prepares to hold its initial public offering in May, according to a person familiar with the matter. Facebook recently asked firms that arrange trading of its privately held shares to stop doing so, a move intended to reduce churn in its valuation that could complicate matters as it sets an IPO price, according to another person familiar with the matter. ...
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Amazon Kindle store buy buttons vanish for hours
Wed,28 Mar 2012 12:38 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Maybe Lord Voldemort put a spell on Amazon.Com Inc. On the same day that Amazon started selling Harry Potter e-books in a landmark deal, buy buttons on the company's dominant Kindle e-book store disappeared for several hours. Top-selling e-books, including The Hunger Games series and the Fifty Shades trilogy, instead had bigger green buttons saying "This title is not available for customers from: United States." Several Amazon customers complained on Tuesday about the mysterious button disappearance on the company's online Kindle forum. ...
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Silicon Valley startup gala spurs feeding frenzy
Wed,28 Mar 2012 10:00 AM PDT
Reuters - MOUNTAIN VIEW, California (Reuters) - The most popular show in Silicon Valley moved to the big stage this week, and the money followed. A record 450 investors, entrepreneurs and reporters squeezed into a packed hall in the Computer History Museum in Mountain View to hear pitches from 66 teams: the latest class of the Y Combinator incubator program, deemed one of the most selective and closely watched startup boot camps in the world. ... Full Story | Top |
Cyber-centre to shield EU against online crime
Wed,28 Mar 2012 08:13 AM PDT
Reuters - BRUSSELS (Reuters) - The European Commission laid out plans on Wednesday for a centre to combat illegal online activity and shield the EU against cyber-crime, a rapidly expanding enterprise that costs global business an estimated $380 billion a year. The EU cyber-crime centre, to be based in the Netherlands, is expected to be running by January 2013, pending approval by the budgetary authority of Europol, the pan-European police force. The centre would be co-located with Europol in The Hague. ... Full Story | Top |
Nokia seeks to retake China market share
Wed,28 Mar 2012 07:25 AM PDT
Reuters -  BEIJING/HELSINKI (Reuters) - Nokia will start to sell smartphones using Microsoft software in China from April, seeking to claw back market share gobbled up by Apple Inc and Samsung Electronics Co. China has become one of the hottest markets for smartphone makers, with Apple Chief Executive Tim Cook in Beijing this week for talks with government officials amid problems ranging from labor issues to a contested iPad trademark. Nokia's push in China will be an important test for the Windows Phone, which has so far had limited success in Europe and the United States. ...
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China to boost intellectual property rights: Xinhua
Wed,28 Mar 2012 06:50 AM PDT
Reuters -  BEIJING (Reuters) - China's vice premier promised Apple Chief Executive Officer Tim Cook that the country would boost intellectual property protection, state media said on Wednesday, in Cook's second day of meetings in the company's biggest potential market. China is the world's largest mobile market and already Apple's second-biggest market overall, but its growth there is clouded by issues ranging from a contested iPad trademark to treatment of local labor. ...
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China to Apple's Cook: we will boost intellectual property rights: Xinhua
Wed,28 Mar 2012 06:38 AM PDT
Reuters -  BEIJING (Reuters) - China's vice premier promised Apple Chief Executive Officer Tim Cook that the country would boost intellectual property protection, state media said on Wednesday, in Cook's second day of meetings in the company's biggest potential market. China is the world's largest mobile market and already Apple's second-biggest market overall, but its growth there is clouded by issues ranging from a contested iPad trademark to treatment of local labor. ...
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EU's Almunia to decide on Google probe after Easter
Wed,28 Mar 2012 04:54 AM PDT
Reuters -  BRUSSELS (Reuters) - The EU's antitrust chief said on Wednesday that he would decide only after April 8 whether to formally charge Google or drop an ongoing investigation and that he would not bow to pressure to push out a decision more quickly. The European Commission opened an investigation into the world's most popular search engine in November 2010 after rivals, including Microsoft, accused Google of abusing its dominant position in the market for web search engines. ...
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Face time with Facebook CEO stirs concerns on Wall Street
Wed,28 Mar 2012 04:12 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Mark Zuckerberg wants at least $5 billion from Wall Street investors, but those investors will not be getting much face time in return. The Facebook co-founder and CEO made that clear when he skipped the social networking company's first major briefing for analysts and bankers last week. The meeting was the first of many that will take place in the run-up to an IPO that could value the company at close to $100 billion. ...
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Nokia says aims to sell Windows phones via all China carriers
Wed,28 Mar 2012 02:09 AM PDT
Reuters - BEIJING (Reuters) - Finnish mobile phone maker Nokia Oyj plans to sell smartphones running Microsoft Corp's Windows operating system through all three of China's telecommunications carriers, Colin Giles, its sales chief, said on Wednesday, without giving a timeframe. Nokia said earlier that it would start selling its new range of smartphones in China from April, initially through China Telecom Corp Ltd, the country's third-largest operator. (Reporting by Terril Yue Jones; Writing by Lee Chyen Yee; editing by Chris Lewis) Full Story | Top |
Apple offers refund to Australian buyers of new iPad
Wed,28 Mar 2012 01:09 AM PDT
Reuters -  MELBOURNE (Reuters) - Apple Inc will email all buyers of its new iPad in Australia to offer them a refund, a lawyer for the company said on Wednesday, after the nation's consumer watchdog accused it of misleading advertising over one key aspect of the product. The Australian Competition and Consumer Commission has taken legal action to ensure Apple makes consumers aware its third-generation iPad cannot connect to a 4G mobile data network in Australia due to technical incompatibility. ...
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Sony: won't invest further in Sharp's Sakai plant
Tue,27 Mar 2012 07:24 PM PDT
Reuters - TOKYO (Reuters) - Sony Corp said on Wednesday it will not make any further investments in Sharp Corp's main Sakai plant in Osaka. Sony holds a 7.04 percent stake in the LCD production plant. Sharp said on Tuesday it will form a tie-up with Taiwan's Hon Hai Precision Industry on LCD production, in which the Japanese manufacturer will sell a 46.48 percent stake in Sakai plant to the Taiwanese maker. (Reporting by Miki Kayaoka) Full Story | Top |
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