Today's Reuters Technology News Headlines - Yahoo! News:
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Softbank unveils post-Fukushima radiation smartphone
Mon,28 May 2012 11:14 PM PDT
Reuters - TOKYO (Reuters) - Mobile phone operator Softbank Corp said on Tuesday it would soon begin selling smartphones with radiation detectors, tapping into concerns that atomic hotspots remain along Japan's eastern coast more than a year after the Fukushima crisis. Parts of northeastern Japan are still off-limits due to high radiation levels after the Fukushima nuclear plant was devastated by a huge earthquake and tsunami, triggering meltdowns and spewing radiation. ... Full Story | Top |
China moves to tame microbloggers amid censorship claims
Mon,28 May 2012 09:29 PM PDT
Reuters - SHANGHAI (Reuters) - China's Sina Corp has introduced a code of conduct for users of the local version of Twitter amid accusations of censorship to rein in what has grown into a raucous online forum to air political and social grievances. The code of conduct, first announced earlier this month, stipulates that users of Sina's Weibo microblogging site cannot post information that is against the principles of the constitution, cannot harm national unity, disclose state secrets or publish false information, among other rules. ... Full Story | Top |
Samsung Galaxy S3 gets head start on rival iPhone
Mon,28 May 2012 09:19 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co launches its latest Galaxy S smartphone in Europe on Tuesday, with the third generation model expected to be even more successful than its predecessor, which helped the South Korean company topple Apple Inc as the world's top smartphone maker. The S3, which tracks the user's eye movements to keep the screen from dimming or turning off while in use, hits stores in 28 European and Middle East countries, including Germany and Britain, as Samsung aims to widen the gap with Apple months ahead of its rival's new iPhone, expected in the third quarter. ...
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Panasonic mulls shrinking HQ workforce: source
Mon,28 May 2012 08:41 PM PDT
Reuters -  TOKYO (Reuters) - Panasonic Corp, which posted a record net loss in the business year just ended, is mulling fresh job losses on top of 17,000 recent lay-offs as the Japanese electronics conglomerate looks to engineer a profit rebound, a source said. Following restructuring at its plants and other facilities, next in line is the company's headquarters, the source with knowledge of the deliberations said. Rather than redundancies, however, staff may be shifted to other units, subsidiaries or affiliates, the source added. ...
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Huawei denies getting illegal Chinese subsidies
Mon,28 May 2012 06:51 PM PDT
Reuters -  HONG KONG (Reuters) - Huawei Technologies Co Ltd denied on Tuesday that it benefited from illegal Chinese government subsidies after a media report said the European Union planned to take action against Chinese telecom equipment makers in an anti-dumping case. The Financial Times quoted unidentified EU officials and executives as saying that the commission had been gathering evidence in a case against China-based Huawei and ZTE Corp. ...
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Powerful "Flame" cyber weapon found in Iran
Mon,28 May 2012 03:17 PM PDT
Reuters -  BOSTON (Reuters) - Security experts said on Monday a highly sophisticated computer virus is infecting computers in Iran and other Middle East countries and may have been deployed at least five years ago to engage in state-sponsored cyber espionage. Evidence suggest that the virus, dubbed Flame, may have been built on behalf of the same nation or nations that commissioned the Stuxnet worm that attacked Iran's nuclear program in 2010, according to Kaspersky Lab, the Russian cyber security software maker that took credit for discovering the infections. ...
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RIM's top lawyer joins parade of resignations
Mon,28 May 2012 12:57 PM PDT
Reuters -  TORONTO (Reuters) - The top lawyer at Research In Motion Ltd has resigned and will soon leave the struggling BlackBerry maker, RIM said on Monday, joining a parade of long-time company executives to depart since Thorsten Heins took over as CEO earlier this year. The loss of Chief Legal Officer Karima Bawa - who litigated numerous patent disputes and helped write many of RIM's commercial deals - follows the resignation of RIM's head of global sales, Patrick Spence, last week. "Thorsten Heins is reframing the RIM organization. ...
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Renesas outsources top-end chips to TSMC as shake-out looms
Mon,28 May 2012 02:52 AM PDT
Reuters -  TOKYO (Reuters) - Japan's Renesas Electronics will outsource its top-end chips to Taiwan Semiconductor Manufacturing Co to survive cut-throat global competition after falling behind in investment and as it grapples with a costly restructuring. Renesas, the world's fifth-largest chipmaker, and the rest of Japan's semiconductor industry face their biggest shake-out in a decade as more nimble rivals such as Samsung Electronics force them to tap the technical prowess of contract manufacturers such as TSMC, the world leader. ...
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China's Huawei, ZTE face EU action on telecom subsidies: FT
Sun,27 May 2012 06:28 PM PDT
Reuters - HONG KONG (Reuters) - The European Union is set to launch a major trade case against China's biggest telecom equipment makers, arguing that they have benefited from illegal government subsidies, the Financial Times said. The EU told member states it had been gathering evidence for an anti-dumping case against Huawei Technologies Co Ltd and ZTE Corp, saying that they had obtained illegal government subsidies and sold products in the EU below cost, the newspaper said, quoting unidentified EU officials and executives. ... Full Story | Top |
Analysis: Falling prices to kill off half of Chinese LED chipmakers
Sun,27 May 2012 02:34 PM PDT
Reuters -  HONG KONG (Reuters) - In China, surplus capacity and sliding prices are sounding the death knell for half of the companies making light emitting diode (LED) chips used in Samsung television panels and Sharp computer monitors, with only the large, state-backed players likely to pull through. Sluggish global sales of TVs and computers may further cut LED chip prices by 20 percent this year, and consolidation or closure are the only options for China's smaller LED players, analysts say. By contrast, Sanan Optoelectronics Co Ltd, China's top LED chipmaker with a market value of $2. ...
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SNB considers capital controls if euro falls apart
Sun,27 May 2012 02:09 AM PDT
Reuters -  ZURICH (Reuters) - Switzerland is drawing up plans for emergency measures including capital controls in case the euro collapses although it does not expect to need them and will continue to defend a cap on the franc in the meantime, the head of the central bank said. "We must be prepared just in case the currency union collapses, although I don't expect that," Swiss National Bank President Thomas Jordan, who predicted the euro zone crisis in his 1994 doctoral thesis, told the SonntagsZeitung newspaper. ...
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Renesas aims to sell chip plant, shed 12,000 jobs: source
Sat,26 May 2012 04:17 AM PDT
Reuters -  TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp plans to sell off loss-making operations and cut its payroll by at least 12,000, a source close to the matter told Reuters on Saturday, as the company battles high costs and nimbler foreign rivals. Sources also confirmed that Renesas, the world's largest maker of microcontroller chips for cars, aims to raise more than 100 billion yen ($1.3 billion) to pay for restructuring costs and will take the plan to Hitachi Ltd and its other major shareholders as early as next week. ...
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Facebook IPO is flashback to dot-com class action
Fri,25 May 2012 08:58 PM PDT
Reuters - This is not the first time investors in a hot tech company's initial public offering have alleged that underwriters favored their regular clients at the expense of the little guys. In the tech bubble of the late 1990s, IPO investors became suspicious of the steep run-up in prices that seemed inevitably to follow a stock's debut. Eventually, some 309 IPO shareholder class actions were rolled into a giant multidistrict lawsuit called In re: Initial Public Offering Securities Litigation. ... Full Story | Top |
DigitalGlobe, GeoEye jump on nod for imagery funding
Fri,25 May 2012 05:03 PM PDT
Reuters - WASHINGTON (Reuters) - DigitalGlobe Inc and GeoEye Inc on Friday welcomed a decision by the Senate Armed Services Committee to authorize continued funding for commercial imagery purchases, a move that sent the two companies' shares sharply higher. Shares of DigitalGlobe rose as much as 10 pct while those of GeoEye jumped 9 percent in response to the first positive news for the sector in quite a while. Both DigitalGlobe and GeoEye provide digital imagery services to U.S. military and intelligence agencies and are working on next-generation satellites to double their capacity. ... Full Story | Top |
SEC eyes Nasdaq compliance in Facebook debacle
Fri,25 May 2012 04:33 PM PDT
Reuters - WASHINGTON (Reuters) - Securities regulators are looking into whether Nasdaq violated any technical exchange rules when it botched Facebook Inc's market debut last week, according to people familiar with the matter. The review of potential technical violations is part of the Securities and Exchange Commission's broader look at how Nasdaq handled its part of the initial public offering, including its decision to proceed with trading despite glitches, these people said. The SEC is also reviewing Nasdaq's communications with market participants, one of those people added. ... Full Story | Top |
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