Today's Reuters Technology News Headlines - Yahoo! News:
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AT&T says AMC's new rates too steep
Wed,27 Jun 2012 09:45 PM PDT
Reuters -  (Reuters) - AT&T Inc said AMC Networks is seeking an "excessive rate increase" to renew its U-verse TV contract, which the mobile service provider believes is unreasonable. "AMC Networks is asking that AT&T pay nearly double what we believe other competitors pay - including a smaller-sized competitor," the company said in a statement late on Wednesday. AT&T's U-verse provides TV, Internet, and digital home phone services to about 4 million customers, and the company pays fees to AMC Networks for the right to package and sell the AMC, IFC and WE tv channels on the service. ...
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Stratfor to settle class action suit over hack
Wed,27 Jun 2012 07:37 PM PDT
Reuters - NEW YORK (Reuters) - The global security analysis company Strategic Forecasting Inc will settle a class action lawsuit brought by one of its customers over a crippling attack by hackers who stole data of clients including Henry Kissinger, court documents show. U.S. District Judge Denis Hurley in Central Islip on New York's Long Island earlier this month gave his stamp of approval to a proposed settlement in a case that was filed in January. ... Full Story | Top |
Google goes up against Amazon, Apple with Nexus tablet
Wed,27 Jun 2012 04:53 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc will sell its first tablet from mid-July for $199, hoping to replicate its smartphone success in a hotly contested market now dominated by Amazon.com Inc's Kindle Fire and Apple Inc's iPad. By taking a greater role in the tablet market, Google hopes to ensure that its various online services remain front-and-center to consumers amid a changing technology landscape in which tablets by Apple and Amazon are increasingly becoming gateways to the Web and Web-based content such as movies and music. ...
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U.S. lawmakers seek review of broadband data caps
Wed,27 Jun 2012 03:11 PM PDT
Reuters - WASHINGTON (Reuters) - Two Democratic lawmakers said Congress should examine whether major wireless carriers and cable companies are stifling the growth of online video services like Netflix Inc and Hulu by limiting the amount of content Internet subscribers can download each month. Online video providers have argued that data caps are keeping more Americans from accessing their programming as they worry bandwidth-heavy shows and movies could interrupt their Internet service. ... Full Story | Top |
Comcast to pay $800,000 to resolve FCC probe
Wed,27 Jun 2012 03:09 PM PDT
Reuters - WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Wednesday that Comcast Corp would pay $800,000 to resolve an investigation of its broadband-related merger conditions. The FCC said it began the probe after it was tipped that Comcast was not properly marketing its standalone broadband services, violating a condition of its merger with NBC Universal that requires the cable operator to offer reasonably priced Internet services to consumers who do not subscribe to its cable offerings. ... Full Story | Top |
Not all of Wall Street "friending" Facebook
Wed,27 Jun 2012 02:56 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc may be having trouble connecting with Wall Street. Banks behind Facebook's initial public offering kicked off formal coverage of the social network on Wednesday by warning about its uncertain business model, margin pressures and a difficult transition to mobile technology. Of 17 brokerages that issued research reports, only eight recommended that investors buy Facebook shares, including Morgan Stanley, Goldman Sachs and JP Morgan - the Internet company's three lead underwriters. Eight brokerages gave neutral ratings and one had a "sell" rating. ...
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EU, U.S., Japan seek WTO steps on China rare earths
Wed,27 Jun 2012 01:49 PM PDT
Reuters -  BRUSSELS (Reuters) - The European Union, the United States and Japan on Wednesday requested a dispute settlement panel at the World Trade Organization (WTO) after failing to resolve a battle over China's export restrictions on rare earth minerals. The move followed a complaint the three trade powers took to the WTO in March, the first they have launched jointly, and comes amid a series of clashes with China over economic issues, including the value of the Chinese currency. ...
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Sprint to launch high-speed service in 5 cities
Wed,27 Jun 2012 01:47 PM PDT
Reuters -  (Reuters) - Sprint Nextel Corp Chief Executive Dan Hesse said he plans to kick off a high-speed wireless service in five U.S. cities on July 15, a move that could be crucial in its efforts to compete with bigger rivals Verizon Wireless and AT&T Inc. Sprint, the No. 3 U.S. mobile service, is upgrading its network with the same Long Term Evolution (LTE) high-speed technology its rivals are adopting, but is about a year-and-a-half behind Verizon Wireless and about 10 months behind AT&T. ...
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T-Mobile USA CEO calls it quits after two years
Wed,27 Jun 2012 01:08 PM PDT
Reuters -  NEW YORK, June 27 - Barely two years after signing on as chief executive with T-Mobile USA, Philipp Humm is leaving the company and will be succeeded on an interim basis by Jim Alling. T-Mobile USA, owned by German parent Deutsche Telekom, said on Wednesday that Humm was leaving for personal reasons to spend more time with his family - echoing the statement released in May 2010 when Robert Dotson announced he would be leaving and that Humm would take over. ...
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Gunmen ram van into Microsoft's Greek headquarters
Wed,27 Jun 2012 08:14 AM PDT
Reuters -  ATHENS (Reuters) - Gunmen rammed a van packed with gas canisters into Microsoft's Greek headquarters in Athens and then set the vehicle on fire, causing damage but no injuries, police said on Wednesday. At least two people wielding pistols and a machine gun kept security guards away as they carried out the attack at about 0145 GMT, police said. Arson attacks against banks, foreign firms and local politicians have become more frequent in Greece in recent years as the country battles soaring unemployment and struggles through a recession deepened by austerity policies imposed by foreign lenders. ...
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Entropic raises outlook; shares jump
Wed,27 Jun 2012 08:10 AM PDT
Reuters - (Reuters) - Chipmaker Entropic Communications Inc raised its outlook for the current quarter as it resolved some supply-chain issues at its recently acquired set-top box business, sending its shares up as much as 32 percent. The company, which earlier in the quarter expected the set-top box business to be a drag on its sales, said on Wednesday that sales will now be better than it anticipated. ... Full Story | Top |
Microsoft loses EU battle, fine trimmed by 4.3 percent
Wed,27 Jun 2012 07:44 AM PDT
Reuters -  LUXEMBOURG (Reuters) - Microsoft Corp lost its appeal against an EU decision penalizing it for defying an antitrust ruling, bringing nearer to an end a decade-long battle with the European Commission over the U.S. software group's business practices. Antitrust experts said the verdict by the General Court, Europe's second-highest, may strengthen the Commission's hand in ongoing cases against Google, Samsung Electronics and Motorola Mobility related to their patents. Judges at the General Court reduced Microsoft's fine by 4.3 percent to 860 million euros ($1. ...
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Judge halts U.S. sales of Samsung Galaxy Tab
Wed,27 Jun 2012 01:34 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - A U.S. judge on Tuesday backed Apple Inc's request to stop Samsung Electronics selling its Galaxy Tab 10.1 tablet in the United States, giving the iPhone maker a significant win in the global smartphone and tablet patent wars. Samsung's Galaxy touchscreen tablets, powered by Google's Android operating system, are considered by many industry experts to be the main rival to the iPad, though they are currently a distant second to Apple's device. Microsoft and Google are also preparing tablet offerings. U.S. ...
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Planned Google tablet to rival Amazon: Asustek exec
Wed,27 Jun 2012 01:04 AM PDT
Reuters -  TAIPEI (Reuters) - Google Inc will soon unveil a tablet co-branded with Taiwan's Asustek Computer Inc and priced to compete with Amazon's Kindle Fire device, an Asustek executive said on Wednesday. Amazon's Kindle Fire, which runs a version of Google's Android operating system, sells for $199. Through it users can access Amazon content including books, music and video. "It's targeting Amazon. The Kindle is based on Google's platform but with its own service, so Google has to launch its own service, too," said the executive of the device. ...
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Sony CEO tells shareholders revival plan will work
Tue,26 Jun 2012 11:16 PM PDT
Reuters -  TOKYO (Reuters) - Sony Corp's new CEO, Kazuo Hirai, on Wednesday defended retaining his predecessor, Howard Stringer, as chairman of the board and promised his turnaround strategy will save Japan's troubled consumer electronics giant. Hirai outlined the revival plan, first announced in April, that stakes Sony's future on mobile devices such as the Xperia smartphone, gaming and digital imaging, while developing new businesses, including a medical unit. Hurt by mounting losses in its TV business, Hirai said the plan will expand group sales by a third to 8.5 trillion yen ($106. ...
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