Today's Reuters Technology News Headlines - Yahoo! News:
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Banks stake $4.6 billion on Sharp bailout to recoup money
Thu,27 Sep 2012 09:22 PM PDT
Reuters - TOKYO (Reuters) - Japan's Sharp Corp confirmed it had won a $4.6 billion bailout led by Mizuho Financial Group and Mitsubishi UFJ Financial Group, a deal that ends Sharp's immediate debt crisis but fails to resolve doubts about its future. Sharp said it has signed syndicated loan agreements with Mizuho and Mitsubishi UFJ for a 180 billion yen ($2.32 billion) term loan and a loan facility of an equal amount. The two banks will invite other lenders to join a syndicate to spread the risk, with life insurer Resona Holdings likely to join, a banking source told Reuters on condition of anonymity. ... Full Story | Top |
U.S. cyber warrior accuses China of targeting Pentagon
Thu,27 Sep 2012 06:23 PM PDT
Reuters - WASHINGTON (Reuters) - The U.S. Cyber Command's top intelligence officer accused China on Thursday of persistent efforts to pierce Pentagon computer networks and said a proposal was moving forward to boost the cyber command in the U.S. military hierarchy. "Their level of effort against the Department of Defense is constant" while alleged Chinese attempts to steal corporate trade secrets has been growing, Rear Admiral Samuel Cox, the command's director of intelligence, told Reuters after remarks to a forum on the history of cyber threats. ... Full Story | Top |
RIM surprises with cash boost and resilient sales; shares surge
Thu,27 Sep 2012 06:17 PM PDT
Reuters -  TORONTO (Reuters) - Research In Motion Ltd reported a narrower-than-expected loss on Thursday and the struggling BlackBerry maker bolstered its cash reserves, sparking optimism ahead of the launch of its make-or-break line of next-generation smartphones. Shares of RIM surged 20 percent in after-hours trade on indications the company will have plenty of cash to ramp up production of its new BlackBerry 10 devices and mount a robust marketing campaign for the revamped line, due in early 2013. ...
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U.S. group studying breach at Schneider unit
Thu,27 Sep 2012 04:45 PM PDT
Reuters - BOSTON (Reuters) - An organization that regulates U.S. electric utilities is looking into a security breach at a Calgary, Alberta-based maker of software that big energy companies use to manage production and distribution of electricity. Calgary-based Telvent, which is owned by France's Schneider Electric SA, quietly warned customers about the sophisticated attack, which affected its operations in the United States, Canada and Spain, the cyber security news site KrebsOnSecurity.com reported on Wednesday. It is the latest in a string of breaches targeting the energy sector. ... Full Story | Top |
Google obeys Brazilian court order, blocks YouTube political video
Thu,27 Sep 2012 04:18 PM PDT
Reuters - RIO DE JANEIRO (Reuters) - The Brazilian unit of Google, the world's No. 1 Internet search engine, said on Thursday it had obeyed a court order to remove a video attacking a candidate in Brazilian municipal elections from its YouTube service after legal appeals were exhausted. ... Full Story | Top |
RIM delivers pleasant surprise to investors; shares surge
Thu,27 Sep 2012 04:12 PM PDT
Reuters -  TORONTO (Reuters) - Research In Motion Ltd reported a narrower-than-expected loss on Thursday and the struggling BlackBerry maker bolstered its cash reserves, sparking optimism ahead of the launch of its make-or-break line of next-generation smartphones. Shares of the RIM surged 20 percent in after-hours trade on indications the company will have plenty of cash to ramp up production of its new BlackBerry 10 devices and mount a robust marketing campaign for the revamped line, due in early 2013. ...
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Intel zeroes in on enterprise customers with first tablet wave
Thu,27 Sep 2012 04:08 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Intel Corp roped in device makers such as Samsung Electronics Co Ltd and Hewlett Packard Co on Thursday to showcase tablets powered by its new "Atom" processor - a chip it hopes will help it biannually break into that crowded market. Intelinitially brushed off any threat from tablets such as Apple Inc's iPad, but now hopes the combination of a low power consuming processor with touch friendly Microsoft Corp Windows 8 software will win over enterprise customers looking to deploy tablets, but keep PC-based software and hardware. ...
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Amazon offering loans to its online sellers
Thu,27 Sep 2012 04:00 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Amazon.com Inc is launching a new business offering loans to some of its online sellers, a move that could boost the growth of its Internet marketplace while exposing it to potential credit risks. The new program is called Amazon Lending and sellers on the company's marketplace have been sent emails offering loans from Amazon Capital Services Inc, a unit of Amazon, according to a merchant who received such an email from the company recently. The merchant did not want to be identified because Amazon has not announced the program publicly. ...
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Micron misses estimates on weak chip sales
Thu,27 Sep 2012 03:50 PM PDT
Reuters - (Reuters) - Micron Technology Inc posted lower-than-expected quarterly results as weak PC sales continue to weigh on its chip business. DRAM (dynamic random access memory) makers such as Micron are heavily dependent on the PC industry, which consumes close to 50 percent of the total output. They are now looking at mobile and server markets to lower their reliance on PC makers. "I think for (DRAM) prices to stabilize we would have to see good demand pull through which we are not seeing. ... Full Story | Top |
Accenture bets on outsourcing business to drive growth
Thu,27 Sep 2012 03:46 PM PDT
Reuters - (Reuters) - Accenture Plc forecast full-year earnings ahead of analyst estimates as it bolsters its outsourcing business to offset a slowdown in consulting, sending its shares up 5 percent in after-market trading. Outsourcing revenue rose 10 percent to $3.1 billion while consulting revenue fell 4 percent to $3.74 billion in the fourth quarter. Accenture, which has about 257,000 employees worldwide, expects revenue growth in its outsourcing business to continue to outpace that of consulting, Chief Financial Officer Pamela Craig said on a conference call. "They're clearly gaining market share ... Full Story | Top |
California schools, employers banned from social media snooping
Thu,27 Sep 2012 03:04 PM PDT
Reuters -  SACRAMENTO (Reuters) - Californians who use social media like Twitter and Facebook have a little more privacy protection from employers or universities who may want access to usernames or passwords after the governor signed two bills into law on Thursday. Job applicants and employees will have protection from employers who demand their login credentials to social media platforms or personal e-mail accounts, according to one of the bills, authored by Assembly member Nora Campos, a Democrat from San Jose. ...
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Demand for Apple's iPhone 5 lights up China's online market
Thu,27 Sep 2012 02:40 PM PDT
Reuters -  SHANGHAI (Reuters) - Chinese gadget fans are scouring the Internet grey market to locate Apple Inc's new iPhone 5, giving an early indication of robust demand in Apple's second-biggest global market. Although smuggled iPhones are available offline, it is online, on platforms like Taobao Marketplace where about 150 million people shop, that is drawing the most interest. ...
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Real gifts sold on Facebook as site taps commerce potential
Thu,27 Sep 2012 02:25 PM PDT
Reuters -  MENLO PARK, California (Reuters) - Facebook Inc is taking a small step toward becoming an e-commerce platform by launching a feature for users to buy and send real gifts worth as much as hundreds of dollars. As of Thursday, users can purchase and ship products from more than a hundred "Facebook Gifts" vendors with a few clicks on the company's website. The products include eyeglasses by Warby Parker, Starbucks coffee, and pastries from New York-based Magnolia Bakery. ...
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Instant view: RIM reports quarterly loss but cash pile grows
Thu,27 Sep 2012 02:16 PM PDT
Reuters - (Reuters) - Research In Motion Ltd reported a smaller-than-expected quarterly loss on Thursday and the struggling BlackBerry maker managed to increase its cash pile in the run-up to the launch of its make-or-break line of next generation devices. Having sufficient cash on hand is seen as crucial to a successful launch of RIM's line of revamped smartphones that will run on its new BlackBerry 10, or BB10, operating system. The company has staked its future on BB10. ... Full Story | Top |
U.S. and Russian experts turn up volume on cybersecurity alarms
Thu,27 Sep 2012 01:14 PM PDT
Reuters -  WASHINGTON (Reuters) - Uncontrolled security threats on the Internet could return much of the planet to an era without electricity or automated transportation, top U.S. and Russian experts said on Thursday. Former National Security Agency Director Michael Hayden warned that the United States had yet to resolve basic questions about how to police the Internet, let alone how to defend critical infrastructure such as electric generation plants. ...
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