Today's Reuters Technology News Headlines - Yahoo! News:
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DirecTV complains to FCC over Tribune dispute
Mon,2 Apr 2012 02:57 PM PDT
Reuters - (Reuters) - DirecTV filed a complaint with the Federal Communications Commission on Monday against Tribune Broadcasting Co for reneging on an agreement they had reached over carrying 23 local stations. More than 5 million DirecTV customers lost access to Tribune's 23 stations in 19 cities on midnight on Saturday. DirecTV, the largest satellite TV provider in the United States, said it had reached an agreement in principle with Tribune by phone on Thursday after negotiating for months. Tribune later reneged on the deal, according to DirecTV's Monday filing with the FCC. ... Full Story | Top |
Apple's iPad tops Consumer Reports' list despite heat issue
Mon,2 Apr 2012 02:46 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc's new iPad topped Consumer Reports' list of tablets despite the influential watchdog's having earlier stoked doubts about the latest iteration of the best-selling tablet by saying it threw off more heat when used heavily. The widely followed group that reviews a broad range of services and products -- including electronics and cars -- said on Monday it conducted additional tests on a number of tablets running Google Android software, including Samsung's Galaxy Tab 10.1, and found higher temperatures common and not a cause for concern. ...
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NYSE to open new CFD derivatives market
Mon,2 Apr 2012 02:07 PM PDT
Reuters - (Reuters) - NYSE Euronext plans to launch a new electronic retail derivatives market in the first quarter of 2013 with products based on commodities, currency pairs, equities and indexes, a top executive at the company said on Monday. The initial targets for the so called CFD, or 'contract for differences' market, will be retail and professional clients, as well as brokers and liquidity providers, in the United Kingdom and Europe, Garry Jones, head of global derivatives, said in a presentation during NYSE's investor day. ... Full Story | Top |
Loeb's hedge fund launches site in war with Yahoo
Mon,2 Apr 2012 01:24 PM PDT
Reuters -  NEW YORK (Reuters) - Hedge fund manager Daniel Loeb has intensified his firm Third Point's proxy battle with Yahoo Inc, launching a website calling for a management shakeup at the online media company. ValueYahoo.com, which went live on Monday, also boasts a blog, links to articles covering the proxy fight and biographies of four proposed board nominees, including Loeb himself. Loeb is using the website to line up support for Third Points' positions ahead of Yahoo's annual meeting expected to take place in June. ...
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Japan's Olympus promotes Nambu to top financial role
Mon,2 Apr 2012 10:47 AM PDT
Reuters - TOKYO/LONDON (Reuters) - Japan's scandal-hit Olympus Corp has promoted Akihiro Nambu to its top financial role just months after some of the firm's largest shareholders called for him to resign over a $1.7 billion accounting fraud. Nambu, who headed the investor relations division at the endoscope and camera maker, has taken over as the firm's most senior financial officer responsible for compiling financial statements, Olympus said in a statement late last week, a key role in improving the company's corporate governance. ... Full Story | Top |
Microsoft shuts German distribution center in patent dispute
Mon,2 Apr 2012 10:22 AM PDT
Reuters -  MUNICH/AMSTERDAM (Reuters) - Microsoft is moving its European software distribution to the Netherlands from Germany after being caught up in patent disputes with mobile phone and tablet maker Motorola Mobility Inc . "We would have preferred to keep our European distribution center in Germany, where it has been for many years. But unfortunately the risk from disruptions from Motorola's patent litigation is simply too high," Microsoft spokesman Thomas Baumgaertner said on Monday. He said the move was already in progress. So far, the U.S. ...
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Global Payments quarterly results miss estimates
Mon,2 Apr 2012 07:28 AM PDT
Reuters - (Reuters) - Payment processor Global Payments Inc, which on Friday reported a cyber intrusion that could affect millions of cardholders, posted third-quarter cash earnings that missed analysts' estimates on higher expenses. The Atlanta-based company posted net income of $57.92 million, or 73 cents per share, compared with $47.78 million, or 59 cents per share, a year ago. Revenue rose 17 percent to $533.5 million. Excluding items it earned 83 cents a share. Analysts, on average, were expecting the company to earn 84 cents on revenue of $529.3 million, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
Wealthy smartphone users less likely to play games, tweet
Mon,2 Apr 2012 07:26 AM PDT
Reuters - TORONTO (Reuters) - Wealthier smartphone users are less likely to play games or tweet and will opt for news, travel or finance apps, according to a new study. The research by The Luxury Institute focused on app usage among wealthy consumers, who earn an annual income of $150,000 or more. They tend to be older, with a mean age of 52. "As you get older and have family and significant others, aging parents, and a lot more assets and investments, you're going to need apps for far more relevant things than playing games and chatting with your peers," said Milton Pedraza, CEO of The Luxury ... Full Story | Top |
Lenovo picks former Acer CEO Lanci to head Europe
Mon,2 Apr 2012 07:21 AM PDT
Reuters -  (Reuters) - Former Acer Chief Executive Gianfranco Lanci was appointed on Monday as chief of Lenovo's operations in Europe, Middle East and Africa, and said he aims to break into the top three in the region by next year. Lanci said in a statement he sees the rise of tablet computers and other gadgets such as thin Ultrabooks, creating many new opportunities for Lenovo. "EMEA is a strategically critical market for us," Lanci said, adding that the company would focus on keeping its position in enterprise sales, while significantly expanding consumer and smaller business sales in the region. ...
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Australia settles patent suit in U.S. wi-fi case
Sun,1 Apr 2012 08:01 PM PDT
Reuters - CANBERRA (Reuters) - Australia's scientific research agency has reached a multi-million dollar out-of-court settlement in the United States over the use of its wireless internet technology which underpins wi-fi platforms worldwide. The government-run Commonwealth Scientific and Industrial Research Organization (CSIRO) said the settlement for the Wireless local area networking (WLAN) patent was worth more than A$220 million ($229 million). ... Full Story | Top |
Foxconn chairman pledges to raise pay in China, invest in Hainan
Sun,1 Apr 2012 03:41 PM PDT
Reuters -  BOAO, China (Reuters) - Foxconn Technology Group will keep on increasing worker salaries in China and cutting the hours of work, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads. As part of its efforts to relieve the pressure on its existing factories in Chinese cities such as Shenzhen and Chengdu, Gou said Foxconn would be building high-tech manufacturing facilities in Hainan, as well as expanding operations in Brazil. ...
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Chatter may boost Salesforce.com products: Barron's
Sun,1 Apr 2012 09:31 AM PDT
Reuters - NEW YORK (Reuters) - Chatter, Salesforce.com Inc's social networking product for the workplace that customers usually get for free, could help boost Salesforce's top line, as an entryway for the sales automation software company to sell its other products and services, according to an article in Barron's. Currently, there are about 150,000 Chatter networks, bundled for free with the company's other products, according to Barron's April 2 edition. In particular, Chatter may help Salesforce.com compete against SAP and Oracle in the cloud-based human-resource services arena, the article said. ... Full Story | Top |
China shuts websites, detains six for spreading online rumors
Sat,31 Mar 2012 08:46 AM PDT
Reuters - SHANGHAI (Reuters) - Chinese authorities shut 16 websites and detained six people accused of spreading rumors of unusual military vehicle movements in Beijing, state media reported, after the political downfall of one of the ruling communist party's senior leaders. Authorities closed the websites for spreading rumors of "military vehicles entering Beijing and something wrong going on in Beijing," Xinhua news agency said late on Friday, citing a spokesman with the State Internet Information Office (SIIO). ... Full Story | Top |
E-books settlement talks advancing: sources
Fri,30 Mar 2012 01:26 PM PDT
Reuters - WASHINGTON (Reuters) - The Justice Department could reach a settlement in the next few weeks with Apple Inc and some of the major publishers suspected of colluding to push up electronic book prices, according to two people close to the negotiations. While negotiations are still fluid, the settlement is expected to eliminate Apple's so-called "most favored nation" status, which had prevented the publishers from selling lower-priced e-books through rival retailers such as Amazon.com Inc or Barnes & Noble Inc , the people said. ... Full Story | Top |
EU's Almunia: may probe Motorola, Apple, Microsoft dispute
Fri,30 Mar 2012 12:15 PM PDT
Reuters - BRUSSELS (Reuters) - EU antitrust regulators may open an investigation into a patent dispute between Apple Inc , Microsoft Corp and Motorola Mobility Holdings Inc to ensure patent holders do not thwart rivals, the EU's antitrust chief said on Friday. Last month Microsoft took its case to the European Commission, saying Motorola Mobility was charging too much for use of its patents in Microsoft products. Motorola Mobility said Apple had also complained to the EU watchdog about its patents. ... Full Story | Top |
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