Today's Reuters Technology News Headlines - Yahoo! News:
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Preview: India IT firms to feel the heat of competition, U.S. election
Wed,11 Apr 2012 10:53 PM PDT
Reuters - BANGALORE (Reuters) - India's leading software exporters are expected to face a challenging year ahead due to growing competition, an uncertain global economy and rising U.S. rhetoric against shipping of jobs to low-cost locations ahead of the November presidential election. That may well take the shine off strong January-March results for companies such as Infosys and Tata Consultancy Services , which benefited from cost-conscious customers bumping up demand. The results are set to be released over the next few weeks. ... Full Story | Top |
Sony CEO to lay out revival strategy as losses pile up
Wed,11 Apr 2012 10:38 PM PDT
Reuters -  TOKYO (Reuters) - Kazuo Hirai's brief honeymoon as Sony Corp's new chief has ended abruptly as the struggling electronics giant doubled its annual loss forecast, sending its shares tumbling. On Thursday he will try to convince investors he has a strategy to fix Sony and its ailing TV unit, and turn around a brand that has been trampled on by consumer gadget leaders Apple Inc and South Korea's Samsung Electronics. ...
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Apple works on Mac malware fix but takes heat
Wed,11 Apr 2012 05:45 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - The cybersecurity community raked Apple Inc over the coals on Wednesday, saying the company had dragged its heels on eradicating malware that experts say may have infected up to 600,000 Macintosh computers and can be used to ferret out sensitive user information. The consumer electronics company said it was working on finding and ridding "Flashback" malware that exploits a flaw in Oracle Corp's Java software. Apple has issued patches and is now developing software to detect and eliminate Flashback, it said on its website. The company declined to elaborate. ...
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U.S. judge backs Microsoft in Motorola patent dispute
Wed,11 Apr 2012 05:37 PM PDT
Reuters -  SEATTLE (Reuters) - Microsoft Corp said on Wednesday it won a ruling in a Seattle court effectively preventing phone company Motorola Mobility from immediately obtaining an injunction in Germany that could stop Microsoft from selling its Xbox and other software products there, due to a patent disagreement. ...
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Wavii delivers morsels of news, five words at a time
Wed,11 Apr 2012 05:12 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Five years ago, Twitter's critics dismissed the idea that news could be transmitted in 140 characters. Now, Adrian Aoun thinks it can be done in just five or six words. Aoun, a 29-year old entrepreneur in Seattle, unveiled on Wednesday an automated, algorithm-driven news aggregator called Wavii that strips articles down to its bare essentials -- who did what -- and presents them in a customized, Twitter-like feed. In most news articles, Aoun said, "The 'what happened' and the analysis of what happened is coupled." "I want to separate that a little," he said. ... Full Story | Top |
Targeting the mobile market
Wed,11 Apr 2012 04:23 PM PDT
Reuters -  NEW YORK (Reuters) - It's not often that a two-year-old start-up becomes a $1 billion company. Yet Instagram, a popular smartphone application that allows users to tweak photos and share them with their friends, was paid that by Facebook Inc in a deal announced on Monday. The purchase of the San Francisco-based private company helps Facebook both strengthen its core photo-sharing services and take out a possible competitor all at once, analysts said. Venture capitalists that invested in Instagram before the Facebook deal reportedly doubled their money in the span of a few days. ...
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U.S. sues Apple, publishers in e-book price scheme
Wed,11 Apr 2012 04:11 PM PDT
Reuters -  WASHINGTON/SAN FRANCISCO (Reuters) - The U.S. government sued Apple Inc and five publishers, saying they conspired to fix the prices of electronic books, and reached a settlement with three of the publishers that could lead to cheaper e-books for consumers. The Justice Department accused Apple of colluding with the five publishers as the Silicon Valley giant was launching its iPad in early 2010 and was seeking to break up Amazon.com's low-cost dominance in the digital book market. ...
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Traders expect less drama for Google earnings
Wed,11 Apr 2012 03:26 PM PDT
Reuters -  (Reuters) - The options market is not expecting a wild ride for shares of Google Inc following the results from the Internet search giant on Thursday, but it is leaving investors vulnerable to surprises. Google, typically known for volatile post-earnings share moves, tends to report a day before monthly options expiration. But this time it is reporting first-quarter results a week before the April 20 options contracts expire. Wall Street has relatively muted expectations for Google's first-quarter results. ...
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Stronger demand in Europe boosts global PC demand
Wed,11 Apr 2012 03:08 PM PDT
Reuters - (Reuters) - Global PC shipments increased in the first quarter of 2012 as demand in Europe, Middle East and Africa was stronger than forecast on the back of robust demand by business, according to the research firm Gartner. The results exceeded Gartner's earlier projections of a 1.2 percent decline for the quarter, the firm said on Wednesday, as global shipments grew to 89 million units in the first three months of the year. PC shipments for businesses were above expectations across most countries, but consumer PC demand still varied greatly by country, Gartner said. ... Full Story | Top |
Nokia flagship smartphone's materials cost $209: IHS
Wed,11 Apr 2012 01:20 PM PDT
Reuters -  (Reuters) - Materials of Nokia's new flagship model smartphone, the Lumia 900, cost $209, some 46 percent of its retail price, with the Finnish firm saving on processor and memory cost, teardown analysis of research firm IHS iSuppli showed on Wednesday. "The Lumia 900 represents a make-or-break effort by Nokia and Microsoft to re-establish their foothold in the smartphone business," the researcher said. "While Nokia is willing to accept hardware lower margins to carve out smartphone market share, Microsoft also is pitching in on the operating system software side," it said. ...
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Court's Goldman programmer ruling limits prosecutors
Wed,11 Apr 2012 12:49 PM PDT
Reuters - NEW YORK (Reuters) - A federal appeals court set back government efforts to prosecute corporate espionage with an opinion that explained its recent decision to throw out the conviction of a former Goldman Sachs Group Inc computer programmer. The 2nd U.S. Circuit Court of Appeals in New York said on Wednesday the taking of source code by Sergey Aleynikov was not a crime under a 1996 law that makes it illegal to steal trade secrets. The court said the code did not qualify as stolen goods under another federal law. ... Full Story | Top |
Verizon Wireless to charge $30 fee for upgrades
Wed,11 Apr 2012 12:46 PM PDT
Reuters -  (Reuters) - Verizon Wireless will start charging customers a $30 fee for cellphone upgrades, on top of the price they pay for the new device, as the company looks to supplement its income to cover costs. The change at the biggest U.S. mobile provider follows a fourth-quarter decline in its wireless profit margins, which came under pressure from hefty subsidies it had to pay Apple Inc for the popular iPhone. Carriers pay such subsidies because devices like the iPhone help to attract new customers and boost revenue. ...
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Sony CEO to lay out revival strategy as losses pile up
Wed,11 Apr 2012 11:59 AM PDT
Reuters -  TOKYO (Reuters) - Kazuo Hirai's brief honeymoon as Sony Corp's new chief has ended abruptly as the struggling electronics giant doubled its annual loss forecast, sending its shares tumbling. On Thursday he will try to convince investors he has a strategy to fix Sony and its ailing TV unit, and turn around a brand that has been trampled on by consumer gadget leaders Apple Inc and South Korea's Samsung Electronics. ...
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Google view on mobile ads awaited at CEO's 1-year anniversary
Wed,11 Apr 2012 11:20 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc's advertising rates will get extra scrutiny as Wall Street ponders whether the proliferation of Internet-connected smartphones helps or hinders the money-making search engine that drives the company's profits. Google's first-quarter financial results, due after Thursday's market close, will mark co-founder Larry Page's first year back in the chief executive's seat. Page has moved aggressively to reposition the Web search leader in a shifting landscape where mobile gadgets and online social networking services are constantly vying for consumers. ...
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BBH Core Select fund picks Microsoft over Apple
Wed,11 Apr 2012 10:36 AM PDT
Reuters - (Reuters) - Brown Brothers Harriman (BBH) Core Select Fund prefers technology companies like Microsoft Corp, which sell mostly to businesses and have a stable customer base, to companies that depend on consumer demand, such as Apple Inc. The fund, which had assets of $1.3 billion, as of March 31, has invested 2.3 percent of its money in Microsoft. And while it has invested in Microsoft since 2005, it has stayed away from Apple, which makes the iPhone and iPad. ... Full Story | Top |
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