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| Japan's Softbank plans $8.8 billion in capex this fiscal year Tuesday, Oct 30, 2012 11:50 PM PDT  TOKYO (Reuters) - Japan's Softbank said on Wednesday it plans 700 billion yen ($8.8 billion) if capital expenditure in the year to next March 31. Softbank, which announced this month it would buy a 70 percent stake in Sprint Nextel Corp, the third-largest U.S. carrier, said it plans capex of 550 billion yen ($6.9 billion) in following year to March 2014. (Reporting by Mari Saito; Editing by Michael Watson) Full Story | Top |
| In hurricane, Twitter proves a lifeline despite pranksters Tuesday, Oct 30, 2012 09:51 PM PDT  SAN FRANCISCO (Reuters) - As Hurricane Sandy pounded the U.S. Atlantic coast on Monday night, knocking out electricity and Internet connections, millions of residents turned to Twitter as a part-newswire, part-911 hotline that hummed through the night even as some websites failed and swathes of Manhattan fell dark. But the social network also became a fertile ground for pranksters who seized the moment to disseminate rumors and Photoshopped images, including a false tweet Monday night that the trading floor at the New York Stock Exchange was submerged under several feet of water. ... Full Story | Top |
| Storm knocks down some web sites, but most stay online Tuesday, Oct 30, 2012 06:27 PM PDT SAN FRANCISCO (Reuters) - Despite outages at a few well-known web sites and ripple effects that occasionally slowed communications around the country, the Internet came through the massive storm that swamped New York and New Jersey with relatively minor problems. Built for resiliency and buttressed by the adoption of cloud computing, the Internet functioned largely as it was supposed to, industry experts said, routing around major disruptions in one of its central network locations, New York City. ... Full Story | Top |
| Electronic Arts Q3 forecast disappoints as "Medal" seen lagging Tuesday, Oct 30, 2012 06:16 PM PDT  SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc forecast third-quarter earnings below Wall Street targets on Tuesday after its just-released "Medal of Honor: Warfighter" title failed to wow gamers ahead of a crowded holiday season. Poor reviews for the latest installment in the first-person shooter franchise released last week and the postponement of its "NBA Live 13" will hurt current-quarter sales, analysts say. A clutch of new sports games, such as the popular "FIFA 13," did not seem able to take up the slack, they say. ... Full Story | Top |
| Disney to buy "Star Wars" producer for $4.05 billion Tuesday, Oct 30, 2012 04:16 PM PDT  LOS ANGELES (Reuters) - Walt Disney Co agreed to buy filmmaker George Lucas's Lucasfilm Ltd and its "Star Wars" franchise for $4.05 billion in cash and stock, a blockbuster deal that includes the surprise promise of a new film in the series in 2015. Disney Chief Executive Bob Iger told analysts on Tuesday that the plan is to release a new movie in the series every two to three years thereafter. The last "Star Wars" picture was "Revenge of the Sith" in 2005, and Lucas has in the past denied any plans for more. ... Full Story | Top |
| ARM unveils chip designs for future smartphones, servers Tuesday, Oct 30, 2012 03:40 PM PDT LONDON/SAN FRANCISCO (Reuters) - British chip designer ARM on Tuesday launched processors to power a new generation of smartphones and also offer low-energy solutions for servers, increasing its incursion into a market dominated by Intel. The Cambridge-based company, whose technology is in Apple's iPhone 5 and Samsung Electronics' Galaxy S3, said its latest blueprints would deliver three times today's processing power using the same amount of energy. ... Full Story | Top |
| Electronic Arts third-quarter forecast disappoints as "Medal" lags Tuesday, Oct 30, 2012 03:16 PM PDT SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc forecast third-quarter earnings below Wall Street targets on Tuesday after its "Medal of Honor: Warfighter" title fell short of expectations for a crowded holiday season. The company reported fiscal second-quarter earnings - excluding certain items - of 15 cents per share, beating the Street view of 11 cents per share as cost cuts took effect. But it forecast third-quarter earnings in the range of 50 cents to 60 cents, lower than the Street's view of 71 cents, according to Thomson-Reuters I/B/E/S. ... Full Story | Top |
| Hurricane Sandy disrupts Northeast U.S. telecom networks Tuesday, Oct 30, 2012 02:38 PM PDT  NEW YORK (Reuters) - Power outages and flooding caused by Hurricane Sandy disrupted telecommunications services in Northeastern states on Tuesday, resulting in spotty coverage for cellphones, television, home telephones and Internet services. While all the region's telecom service providers were having problems, Verizon Communications, which serves many of the states in the hurricane's path, may have suffered some of the worst damage from the storm to its wireline network. ... Full Story | Top |
| Spectra says two NJ compressor stations down Tuesday, Oct 30, 2012 02:10 PM PDT NEW YORK (Reuters) - Spectra Energy on Tuesday said that two of its natural gas compressor stations in New Jersey were shut down when power was lost due to Hurricane Sandy, but the outages were not expected to impact gas supplies to customers. "The Linden Compressor station and Franklin Compressor Station in New Jersey experienced emergency shut downs when they lost commercial power during the storm and the back-up generator did not come on as intended," company spokeswoman Caitlin Currie said in an email. ... Full Story | Top |
| Instant View: Disney to buy Lucasfilm, plans new "Star Wars" movies Tuesday, Oct 30, 2012 01:36 PM PDT (Reuters) - Walt Disney Co will buy George Lucas' Lucasfilm Ltd for $4.05 billion and plans to add three more films to the "Star Wars" franchise starting 2015. Commentary: MICHAEL CORTY, ANALYST, MORNINGSTAR "From Disney's point of view it adds more valuable franchises to their portfolio essentially, with Star Wars being the key asset in this deal. There is already one movie scheduled to be made. It has potential for future movies, merchandising and with their parks franchises, spreading Star Wars across Disney, is where the upside would be for Disney. ... Full Story | Top |
| Apple in safe hands with bigger role for Ive: analysts Tuesday, Oct 30, 2012 12:31 PM PDT  (Reuters) - The exit of Apple Inc's longtime mobile software products chief may be a surprise, but a band of able executives led by Tim Cook and a bigger role for design boss Jonathan Ive meant the company was in good hands, analysts said on Tuesday. Ive, Apple's celebrated industrial design chief will now look into both hardware and software designs, following the departure of Scott Forstall after years of friction with other top executives. ... Full Story | Top |
| Acer delays Windows RT tablets after Microsoft moves into market Tuesday, Oct 30, 2012 11:40 AM PDT  LONDON (Reuters) - Taiwanese computer maker Acer is putting off the launch of tablets using Microsoft's new Windows RT operating system to give itself time to see how Microsoft's own Surface tablet fares. The world's No. 4 PC vendor by shipments initially planned to roll out Windows RT tablets based on ARM chips early next year. However, the launch of Microsoft's tablet last week and the mixed reviews it has drawn has prompted Acer to wait and see until at least the second quarter of 2013. ... Full Story | Top |
| Microsoft CEO says four million Windows 8 upgrades since Friday Tuesday, Oct 30, 2012 10:01 AM PDT  SEATTLE (Reuters) - Microsoft Corp Chief Executive Steve Ballmer said on Tuesday the company has sold 4 million upgrades to Windows 8, signaling a strong start for its new operating system which launched on Friday. Ballmer, speaking at a meeting for software developers at Microsoft's headquarters near Seattle, said hundreds of millions of Windows systems would be sold over the next year, and the company was seeing strong interest from business users. Ballmer already said on Monday that Windows 8 was outselling the previous version, Windows 7, at the same stage after launch three years ago. ... Full Story | Top |
| ARM unveils 64-bit designs for future smartphones, servers Tuesday, Oct 30, 2012 09:23 AM PDT LONDON (Reuters) - British chip designer ARM on Tuesday launched its first 64-bit processors to power the next generation of smartphones and tablets and offer low-energy solutions for servers. The Cambridge-based company, whose technology is in Apple's iPhone 5 and Samsung's Galaxy S3, said its latest blueprints would deliver three times today's processing power using the same amount of energy. The move to 64-bit architecture, from ARM's current 32-bit designs, will give ARM-based chips increased processing power but retain the energy efficiency central to its technology, the company said. ... Full Story | Top |
| EE launches Britain's first 4G services Tuesday, Oct 30, 2012 06:38 AM PDT  LONDON (Reuters) - Mobile operator EE launched its 4G network in 11 cities on Tuesday, giving it a head start on disgruntled rivals to take British consumers into the superfast broadband era where they can watch video and quickly surf the Internet on the move. The launch comes just weeks after the joint venture between France Telecom's Orange and Deutsche Telekom's T-Mobile businesses got the go-ahead to provide the new service while its rivals Vodafone, Telefonica's O2 and Hutchison's Three have to wait until next year. "We're investing 1. ... Full Story | Top |
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