Today's Reuters Technology News Headlines - Yahoo! News:
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Insight: Intel's plans for virtual TV come into focus
Thu,7 Jun 2012 09:43 PM PDT
Reuters -  NEW YORK/SAN FRANCISCO (Reuters) - Intel is counting on facial-recognition technology for targeted ads and a team of veteran entertainment dealmakers to win over reluctant media partners for its new virtual television service. But so far it's proving a challenge to get the service off the ground, thanks to an unwillingness on the part of major media content providers to let Intel unbundle and license specific networks and shows at a discount to what cable and satellite partners pay. ...
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Renesas seeks loan guarantees from shareholders: report
Thu,7 Jun 2012 09:20 PM PDT
Reuters - TOKYO (Reuters) - Japan's Renesas Electronics Corp is asking major shareholders to provide loan guarantees after they balked at a plan to inject fresh capital, the Mainichi newspaper reported, tempering fears over the chipmaker's future. Shares of Renesas, the world's fifth-largest chipmaker, spiked nearly 20 percent on the news as investors took comfort that the alternative proposal would keep Renesas afloat, forcing short-sellers who had sold down the stock aggressively to cover their positions. ... Full Story | Top |
U.S. judge cancels Apple-Google phone patent trial
Thu,7 Jun 2012 05:34 PM PDT
Reuters -  (Reuters) - A federal judge canceled a scheduled June 11 trial between Apple Inc and Google Inc's Motorola Mobility unit over patents related to mobile phones and tablet computers, and expects to dismiss the case because neither can prove damages. In a "tentative" order, U.S. Circuit Judge Richard Posner in Chicago on Thursday said each company's case should be dismissed with prejudice, meaning it cannot be brought up again. He said neither Apple nor Motorola Mobility had enough admissible evidence of damages to withstand dismissal. ...
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LinkedIn works with FBI on password theft
Thu,7 Jun 2012 04:36 PM PDT
Reuters -  (Reuters) - LinkedIn Corp is working with the FBI as the social network for job seekers and professionals investigates the theft of 6.4 million member passwords, the company said on Thursday. The company does not know of any accounts that were taken over as a result of the security violations, according to LinkedIn spokesman Hani Durzy. A spokeswoman with the FBI declined to comment. LinkedIn is still in the early stages of the investigation. Durzy said it was not yet determined whether the email addresses that corresponded to the hacked passwords were also stolen. ...
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CACI International sees FY13 profit above estimates
Thu,7 Jun 2012 04:12 PM PDT
Reuters - (Reuters) - Information technology provider CACI International Inc forecast 2013 earnings ahead of market estimates and said Daniel Allen, who heads the company's U.S. operations, will take over as chief executive next month. CACI International, whose main client is the U.S. government, said it expects to earn between $6.60 and $6.90 per share for 2013 on revenue of $3.8 billion to $4.0 billion. Analysts on average had been expecting earnings of $5.69 per share, excluding items, on revenue of $3.9 billion, according to Thomson Reuters I/B/E/S. "We are confident that direct labor growth ... ... Full Story | Top |
Apple may seek to stop U.S. launch of Galaxy phone
Thu,7 Jun 2012 04:07 PM PDT
Reuters -  SAN JOSE, California (Reuters) - An Apple Inc lawyer said the iPhone and iPad maker may seek a legal order stopping the launch of Samsung Electronics Co Ltd's Galaxy S III phone in the United States later this month. At a hearing on Thursday in a San Jose, California federal court, Apple attorney Josh Krevitt said the company could file for a temporary restraining order against Samsung as early as Friday. "Once sales are made, the harm is irreparable," Krevitt said. However, U.S. District Judge Lucy Koh said she has many other cases. ...
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Facebook, Microsoft said shopping Manhattan space
Thu,7 Jun 2012 03:21 PM PDT
Reuters - NEW YORK (Reuters) - Facebook Inc and Microsoft Corp are shopping for more office space in Manhattan, sources say, underscoring New York's stature as a must-have location for top tech companies who need to be "book-ended" on both the west and east coasts. Facebook, based in Menlo Park, California, has browsed several locations in the city including the former New York Times Building at 229 West 43rd Street, two people familiar with the search said. The social-networking company's New York staff is primarily in sales, although there are also some marketing and engineering personnel in the city. ... Full Story | Top |
Reckoning arrives for Schilling's video game firm
Thu,7 Jun 2012 03:20 PM PDT
Reuters -  BOSTON/NEW YORK (Reuters) - 38 Studios, the video game company owned by former Boston Red Sox pitcher Curt Schilling, filed bankruptcy papers on Thursday, less than two years after it won a $75 million loan guarantee from Rhode Island, and now faces a federal and state investigation. The Chapter 7 filing indicates that the Providence-based company plans to liquidate. Last month, 38 Studios decided to lay off most of its roughly 400 employees. It recently had its funding cut off by Rhode Island, which had been its major financial benefactor but declined to provide additional support. ...
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Barnes & Noble says e-books settlement hurts public
Thu,7 Jun 2012 02:37 PM PDT
Reuters - (Reuters) - Barnes & Noble Inc has objected to the U.S. government's proposed settlement of its price-fixing lawsuit against top publishers, saying it would harm book sellers and "millions and millions" of book buyers. The top U.S. bookstore chain, which has been battling with Amazon.com Inc in the growing e-books market, said in a complaint filed with the U.S. Justice Department on Thursday that the settlement would lead to "higher overall average e-book and hardback prices and less choice, both in how to obtain books and in what books are available. ... Full Story | Top |
Nintendo's new Wii fires up two-screen game debate
Thu,7 Jun 2012 01:58 PM PDT
Reuters - LOS ANGELES (Reuters) - Nintendo's new holiday-ready "Wii U" gaming console marks the biggest bet so far on a concept that two screens are better than one. Sony, Microsoft and Nintendo touted features at the industry's biggest annual gathering this week that let gamers employ a separate display in tandem with their TVs. Publishers like Ubisoft are designing games that will make use of this second screen - like a companion display you can glance at while the main action proceeds on your TV. ... Full Story | Top |
Sprint prepaid unit Virgin to sell iPhone
Thu,7 Jun 2012 01:27 PM PDT
Reuters - (Reuters) - Sprint Nextel Corp said on Thursday its Virgin Mobile prepaid business would start selling Apple Inc's iPhone later this month, pitching it against smaller prepaid rival Leap Wireless International Inc. Sprint shares closed up almost 1 percent after it said the addition of the iPhone to its Virgin brand would not hurt its 2012 earnings and would help it reach its overall $15.5 billion commitment to Apple for a certain phone volume over a few years. ... Full Story | Top |
Google dips toe into customer service business
Thu,7 Jun 2012 01:06 PM PDT
Reuters -  CHICAGO (Reuters) - Google Inc is dipping its toe into the customer-service business as the world's largest Internet search company steps up competition with e-commerce giant Amazon.com Inc. Google rolled out a new certification service called Google Trusted Stores on Thursday that helps shoppers see which online merchants ship quickly and reliably and which ones offer great customer service. Google has been testing the free service with online retailers including Wayfair, Timbuk2 and Beau-coup. It is open to all U.S. merchants starting on Thursday. ...
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App allows tracking of New York police "stop-and-frisk"
Thu,7 Jun 2012 12:40 PM PDT
Reuters - NEW YORK (Reuters) - Determined to keep tabs on New York City police officers' "stop-and-frisk" campaign? There's an app for that. A new smartphone app created by the New York Civil Liberties Union, "Stop and Frisk Watch," allows witnesses of the controversial New York City Police Department tactic to video and report incidents. ... Full Story | Top |
RIM discards 16 GB PlayBook tablet
Thu,7 Jun 2012 12:35 PM PDT
Reuters -  TORONTO (Reuters) - BlackBerry maker Research In Motion Ltd will no longer produce the cheapest version of its poorly selling PlayBook tablet, but it said it remains committed to a tablet computer market it has struggled to break into. RIM said it would phase out the 16 GB model of the PlayBook once stock currently with retailers is depleted. The company will continue to produce 32 and 64 GB versions of the device, which can hold more music, video and other content and which likely boast better margins. ...
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Facebook IPO mishandling hurt investor confidence: TD Ameritrade
Thu,7 Jun 2012 11:07 AM PDT
Reuters -  NEW YORK (Reuters) - The mishandling of Facebook's initial public offering in May has rattled the confidence of retail investors, who were already leery of financial markets following a string of crises over the past several years, Fred Tomczyk, chief executive of TD Ameritrade, said on Thursday. ...
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