Today's Reuters Technology News Headlines - Yahoo! News:
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Wireless carriers to create database to fight phone theft
Mon,9 Apr 2012 09:55 PM PDT
Reuters - WASHINGTON (Reuters) - Wireless carriers representing 90 percent of subscribers will on Tuesday announce the creation of a database of unique cell phone IDs to help prevent theft and reactivation of stolen or lost devices, which often contain sensitive personal data. The shared database will be up and running in the United States in six months and the carriers plan to expand it globally over 18 months, said the Federal Communications Commission, which along with the carriers will unveil the scheme. ... Full Story | Top |
Sharp seeks more partners for struggling LCD plant: source
Mon,9 Apr 2012 07:55 PM PDT
Reuters - TOKYO (Reuters) - Sharp Corp, Japan's last major fabricator of liquid crystal displays for televisions, is seeking more partners to buy stakes in its main Sakai plant in a bid to spin off the LCD production subsidiary, a source familiar with the matter said. Sharp, which in March agreed to issue shares worth 66.9 billion yen ($821.97 million) to Taiwan's Hon Hai Precision Industry in return for an 11 percent shareholding, has asked suppliers Toppan Printing and Dai Nippon Printing to invest in the Sakai facility, the source told Reuters on condition he wasn't identified. ... Full Story | Top |
Microsoft trumps Amazon, others for AOL patents
Mon,9 Apr 2012 01:43 PM PDT
Reuters -  (Reuters) - Microsoft trumped Amazon, eBay and other tech giants with its more than $1 billion purchase of the majority of AOL Inc's patent trove. AOL said it was selling more than 800 patents related to advertising, search, e-commerce and mobile to Redmond, Wash-based company, surprising investors with the size of the deal and sending AOL shares up more than 40 percent. The sale includes technology rights from AOL's current and former businesses, ranging from Netscape, ICQ and MapQuest to CompuServe, Advertising.com and others, according to a source close to the matter. ...
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Court revives Rosetta Stone suit vs Google
Mon,9 Apr 2012 12:58 PM PDT
Reuters -  (Reuters) - A federal appeals court on Monday revived the bulk of language-software maker Rosetta Stone Inc's trademark infringement lawsuit against Google Inc. The opinion is the first appellate decision to address whether Google's sale of other companies' trademarks for sponsored links could give rise to liability for trademark infringement. In a lawsuit filed in 2009, Rosetta Stone accused Google of committing trademark infringement by selling the language-software maker's trademarks to third-party advertisers for use as search keywords. ...
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Facebook to buy Instagram for $1 billion
Mon,9 Apr 2012 12:48 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public. The price was stunning for an apps-maker without any significant revenue, even with soaring startup valuations in Silicon Valley, as Facebook sought to absorb a potential rival or at least prevent it from falling into the hands of a major competitor like Twitter or Google. ...
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Global business groups press India on technology plan
Mon,9 Apr 2012 12:33 PM PDT
Reuters - WASHINGTON (Reuters) - Global business groups urged Indian Prime Minister Manmohan Singh on Monday to rescind new government rules for technology purchases that they said unfairly discriminate against foreign firms and potentially violate World Trade Organization rules. The letter is the second time in recent weeks that international business groups have written to Singh to complain about new Indian government policies. ... Full Story | Top |
Splunk sees IPO priced at $8-$10 per share
Mon,9 Apr 2012 06:11 AM PDT
Reuters - (Reuters) - Splunk Inc, which makes software that collects and indexes data, said it expects its initial public offering of 13.5 million shares to be priced between $8 and $10 apiece. In a filing with the U.S. Securities and Exchange Commission, the company said it plans to sell about 12.5 million shares, with its selling stockholders offering the rest. At the top of its expected price range, the company would have a market value of about $925.3 million. Splunk's revenue has nearly doubled each year for the last five years, but the company has not posted a full-year profit in the period. ... Full Story | Top |
"Anonymous" says plans more attacks against China sites
Mon,9 Apr 2012 03:37 AM PDT
Reuters -  SHANGHAI (Reuters) - The activist hacker group Anonymous plans to launch further attacks on Chinese government websites in a bid to uncover corruption and lobby for human rights, a member of the group said on Monday. Anonymous, a loosely knit group that has attacked financial and government websites around the world, hacked into Chinese government websites last week, defacing several, media reports said. The group used the Twitter account "Anonymous China" to publicize the attacks, posting links to data files that contained passwords and other personal information from the hacked websites. ...
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New app transfers money with the tap of a phone
Mon,9 Apr 2012 02:07 AM PDT
Reuters - TORONTO (Reuters) - Splitting the bill at a restaurant or settling road trip expenses can be as simple as tapping two phones together to transfer the funds. Bump Pay is a new app for person-to-person mobile payments developed by Bump, the makers of the app of the same name that allows the instant transfer of contact information and photos. "You type in the amount you want to send, you bump your phones together and you'll be immediately taken to the PayPal confirmation page," explained David Lieb, the co-founder and CEO of Bump. ... Full Story | Top |
UK government website disrupted by hacker attack
Sun,8 Apr 2012 08:02 AM PDT
Reuters - LONDON (Reuters) - A British government website was disrupted on Sunday by an attack thought to be by activist hacker group Anonymous, whose previous high-profile targets have included the Vatican. The website of Britain's Home Office, or interior ministry, (homeoffice.gov.uk) was out of action for several hours overnight and problems continued on Sunday, when visitors found the message "page not found". "The Home Office website was the subject of an online protest last night," a spokeswoman for the ministry said. ... Full Story | Top |
Thousands of AT&T workers to stay on job as talks continue
Sun,8 Apr 2012 01:02 AM PDT
Reuters -  NEW YORK (Reuters) - More than 40,000 employees at AT&T Inc will keep working under the terms of an expired labor contract while their union continues negotiations with the telephone company, averting a potentially costly strike for now. The workers in AT&T's traditional wireline telephone business and some other units voted recently to give their union, the Communications Workers of America, authority to call a strike ahead of the expiration of four separate labor contracts at midnight local time April 7. ...
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Support for peace talks growing, Afghan diplomat says
Sat,7 Apr 2012 11:18 PM PDT
Reuters -  KABUL (Reuters) - Support is building among Afghanistan's regional neighbors for a comprehensive peace process with the Taliban, but Pakistan's backing and access to insurgent leaders are crucial to getting stalled talks on track, a top Afghan diplomat said. Jawed Ludin, the deputy foreign minister and senior negotiator in talks with Washington on an Afghan-U.S. strategic pact, also said the two allies were near agreement on a deal to curb controversial night raids by NATO troops on Afghan homes. ...
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UK probes Apple iPad marketing over 4G access
Sat,7 Apr 2012 08:37 AM PDT
Reuters -  LONDON (Reuters) - Britain's advertising regulator is deciding whether to launch an inquiry into Apple Inc's marketing of its latest iPad following what some customers said were misleading claims about access to 4G, which is not available in the country. Fourth-generation or 4G technology enables users to access faster Internet broadband services. "We have received 24 complaints about claims on Apple's website about 4G on the iPad. We are assessing whether there are grounds for investigation," a spokesman for the Advertising Standards Authority said on Saturday. ...
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Marine who criticized Obama on Facebook should be dismissed: panel
Sat,7 Apr 2012 07:54 AM PDT
Reuters -  SAN DIEGO (Reuters) - A Marine who posted on Facebook that he would not follow orders from President Barack Obama should be dismissed from the military with a less-than-honorable discharge, a Marine Corps review board ruled. Gary Stein, 26, did not comment on the ruling issued late Thursday, one day after his lawyers unsuccessfully sought to delay the review board by seeking an injunction in federal court in San Diego. The Marines' recommendation to administratively discharge Stein came after a 13-hour hearing and an hour of deliberation by the panel. ...
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Ex-Intel employee pleads guilty to theft charges
Fri,6 Apr 2012 04:15 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - A former Intel Corp employee who allegedly stole from the chipmaker documents worth hundreds of millions of dollars pleaded guilty on Friday to five counts of wire fraud. Federal prosecutors in Boston had alleged that Biswamohan Pani, 36, downloaded some of Intel's "most valuable" design and manufacturing documents in June 2008, in his final days as an engineer in a Massachusetts facility. ...
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