Today's Reuters Technology News Headlines - Yahoo! News:
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Fujifilm: still await Olympus decision on tie-up
Mon,3 Sep 2012 10:36 PM PDT
Reuters -  TOKYO (Reuters) - Japan's Fujifilm Holdings Corp is still waiting for Olympus Corp to make a decision on whether to accept its proposal for a tie-up, an executive said on Tuesday. "We are still awaiting a decision ... and there is no change in our proposal to them either," Kouichi Tamai, senior vice president and general manager of Fujifilm's medical system business division, told reporters. ...
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Sony won't compete on price in tablet market: executive
Mon,3 Sep 2012 10:15 PM PDT
Reuters -  TOKYO (Reuters) - Sony Corp won't be drawn into price competition in the tablet PC market amid a plethora of new cheap models from other makers, the executive in charge of the Japanese company's mobile devices division said on Tuesday. Sony is also lithe enough and has enough research and development capability to compete against rivals Apple Inc and Samsung Electronics in smartphones, Kunimasa Suzuki, an executive vice president at Sony, said at a press briefing in Tokyo. (Reporting by Reiji Murai, Writing by Tim Kelly; Editing by Chang-Ran Kim)
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Xerox investigated by Texas on Medicaid work: WSJ
Mon,3 Sep 2012 09:51 PM PDT
Reuters - (Reuters) - Xerox Corp and a wholly owned unit that contracted with the U.S. state of Texas to process dental claim forms are being investigated to see if they helped allow dentists to submit higher-than-required bills under the state's Medicaid system, the Wall Street Journal reported. The Texas Health and Human Services Commission is concerned that the unit, Affiliated Computer Services Inc, did not dedicate sufficient trained staff to audit the Medicaid requests, letting dentists get paid for procedures not covered by the program, the WSJ said. ... Full Story | Top |
Samsung to review 250 Chinese suppliers for labor violations
Mon,3 Sep 2012 03:57 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co said on Monday it would inspect 250 Chinese companies which make products for the South Korean firm to ensure no labor laws are broken after a U.S.-based group accused one of its suppliers of using child labor. Samsung also said its audit into working conditions at an HEG Electronics facility in Huizhou in southern China found no under-aged workers. New York-based China Labor Watch said last month seven children younger than 16 were working in the factory that makes phones and DVD players for Samsung. ...
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Oracle to appeal U.S. copyright damages case: SAP
Mon,3 Sep 2012 01:03 PM PDT
Reuters -  STUTTGART (Reuters) - U.S. business software maker Oracle has launched an appeal on a five-year long court case that could see SAP pay millions more in damages over copyright infringement. On Monday, a spokesman for SAP confirmed a report in the German daily Mannheimer Morgen to this effect, adding that "in the worst case the appeal could take two years," adding SAP was disappointed that Oracle continued to drag out the process. "We agreed to a reasonable arrangement, since we believe this case has already persisted long enough," the SAP spokesman said. ...
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Hon Hai chairman demands management role at Japan's Sharp
Mon,3 Sep 2012 02:55 AM PDT
Reuters -  TOKYO/TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd's chairman is demanding a management role at Sharp Corp as part of an equity tie-up, stepping up the pressure on the Japanese TV maker to give him greater influence in the company in return for badly needed cash. Debt-saddled Sharp has been in talks on a partnership that would give the Taiwanese company a 9.9 percent stake in the century-old Japanese firm. Hon Hai's Chairman Terry Gou visited Japan last week but unexpectedly left before a scheduled meeting with Sharp executives, fuelling uncertainty over the tie-up. ...
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China's Baidu to invest $1.6 billion to set up cloud computing centre
Mon,3 Sep 2012 01:00 AM PDT
Reuters -  BEIJING (Reuters) - China's largest search engine Baidu Inc will invest more than 10 billion yuan ($1.6 billion) to set up its cloud computing centre, Baidu's chief financial officer Jennifer Li said on Monday. Baidu, which unveiled its mobile Internet browser at its annual conference in Beijing, is pushing deep into cloud computing as the heart of its mobile strategy in order to capitalise on the booming sector. Cloud computing is a term used to describe data storage and processing done on the Web. (Reporting by Terril Jones; Writing by Melanie Lee; Editing by Kazunori Takada)
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Logitech says well set for holiday season sales
Mon,3 Sep 2012 12:06 AM PDT
Reuters - BERLIN (Reuters) - Swiss computer accessories maker Logitech's product range is strong ahead of key holiday sales season following product launches last week, president Bracken Darrell told Reuters in an interview on the sidelines of IFA, Europe's largest consumer electronics trade fair. Last week, Logitech unveiled new products, including its entrance to a $3 billion consumer headphone industry and an upgrade to its key hit product - a keyboard-cover for Apple's iPad. (Reporting By Tarmo Virki; Editing by Dan Lalor) Full Story | Top |
Samsung's crisis culture: a driver and a drawback
Sun,2 Sep 2012 03:04 PM PDT
Reuters -  SEOUL (Reuters) - In his 1997 book, Samsung Chairman Lee Kun-hee wrote that a successful company needs a "heightened sense of crisis", so that it always looks ahead even when it's doing well, and needs to be able to respond to change. It's a credo that has driven Samsung Electronics to become the world's biggest technology firm by revenue - it sells more televisions, smartphones and memory chips than anyone else - and makes the group a must-visit case study for a stream of Chinese firms seeking to tap the secrets of Korean success. But, in the wake of last month's damaging U.S. ...
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Kyrgyz acting PM resigns as new coalition takes shape
Sat,1 Sep 2012 05:45 AM PDT
Reuters - BISHKEK (Reuters) - Kyrgyzstan's acting prime minister resigned on Saturday after his party appeared to be frozen out of a new coalition to run the volatile former Soviet republic. Omurbek Babanov, a prominent businessman who had served as prime minister since December, will move into opposition ahead of the formation a new coalition government that is likely to comprise three of the five parties in parliament. "He asked to resign because the formation of a new coalition has practically been decided," said Babanov's spokesman, Sultan Kanazarov. ... Full Story | Top |
Apple targets more Samsung products in patent suit
Fri,31 Aug 2012 06:03 PM PDT
Reuters -  NEW YORK (Reuters) - Seeking to capitalize on a major legal victory over its rival Samsung Electronics Ltd, Apple Inc has asked a federal court in a separate case to find that four additional Samsung products, including the Galaxy S III, infringe Apple's patents. In February, Apple alleged that at least 17 Samsung products infringe its patents. In a court filing made in San Jose federal court on Friday, Apple added four more products to the list of allegedly infringing products that have been released beginning in August 2011 and continuing through this month. ...
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China won't challenge WTO ruling in U.S. bank card row
Fri,31 Aug 2012 03:26 PM PDT
Reuters - GENEVA/WASHINGTON (Reuters) - The United States welcomed China's decision on Friday not to appeal a trade panel ruling that Beijing discriminated against U.S. bank card suppliers such as Mastercard Inc and Visa Inc in favor of a state-owned enterprise, China UnionPay. "Fair and open financial services markets are critical to facilitating global trade," U.S. Trade Representative Ron Kirk said in a statement, noting that China now had 30 days to say how it would comply with the World Trade Organization's July 16 ruling. The U.S. ... Full Story | Top |
Facebook hits new low after price target cuts
Fri,31 Aug 2012 02:29 PM PDT
Reuters -  (Reuters) - Shares of Facebook Inc fell 4.5 percent to a new low on Friday after brokerages cut their price targets on the company's shares, saying several lock-up expirations over the next year will weigh on the stock. Early investors got the green light to sell Facebook shares for the first time on August 16, sending its stock down 6.3 percent and prompting price target cuts. About 243 million shares will become available for trading from mid-October, with November 14 being the big day when more than 1.2 billion shares will enter the market. ...
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Facebook cracks down on fake "Likes"
Fri,31 Aug 2012 02:26 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc is weeding out fake "Likes" on its social network that are being caused by spammers, malware and black marketeers as it strives to maintain credibility as an advertising platform. Facebook said the number of Likes, or endorsements by users, on corporate pages is likely to drop by less than 1 percent, on average, after the crackdown. "Newly improved automated efforts will remove those Likes gained by malware, compromised accounts, deceived users, or purchased bulk Likes," Facebook said in a post on its official blog on Friday. ...
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Exclusive: Walmart tests iPhone app checkout feature
Fri,31 Aug 2012 02:01 PM PDT
Reuters -  (Reuters) - Wal-Mart Stores Inc is testing a system that would allow shoppers to scan items using their iPhones and then pay at a self-checkout counter, a move that could trim checkout times and slash costs for retailers. If the "Scan & Go" test by the world's largest retailer is successful, it has the potential to change the way people shop and pay, making the process more personal and potentially faster. ...
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