Today's Reuters Technology News Headlines - Yahoo! News:
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Asia's virtual masters eye Zynga's real lunch
Wed,3 Oct 2012 10:05 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - A decade ago, a developer from Korean gamemaker Nexon threw a few lines of code together to create an image of a flower to present to his girlfriend, buying himself more videogame time as she sat impatiently by his side at an Internet cafe. And, so the industry legend goes, the "virtual good" was born. In the years since, digitally created items for games and social media - from beers on Facebook to weapons in role-playing worlds - have grown into a $15 billion globe-spanning business. ...
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HP's outlook disappoints, shares hit nine-year low
Wed,3 Oct 2012 09:30 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Hewlett-Packard Co's shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software. Wall Street had hoped for quicker signs of progress on Whitman's turnaround plan, which centers on transforming the former industry powerhouse into an enterprise computing corporation that can take on IBM and Dell Inc. ...
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Merged T-Mobile USA, MetroPCS to face tech challenges
Wed,3 Oct 2012 04:55 PM PDT
Reuters -  FRANKFURT/NEW YORK (Reuters) - T-Mobile USA, which plans to merge with MetroPCS, will have to overcome technology hurdles to be able to take on bigger rivals Verizon Wireless, AT&T Inc and Sprint Nextel Corp. MetroPCS and T-Mobile USA, a Deutsche Telekom unit, said on Wednesday they hope to set themselves up as the leading provider of wireless services to cost-conscious U.S. customers by combining their assets. But as their networks are incompatible, they will have to convince MetroPCS customers to move to T-Mobile's network with the aim of shutting down the MetroPCS network by the end of ...
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FTC settles with company that made Bieber, other fan websites
Wed,3 Oct 2012 03:09 PM PDT
Reuters - WASHINGTON (Reuters) - The company that makes fan websites for such tween favorites as Justin Bieber, Selena Gomez and Rihanna has agreed to pay $1 million to settle charges that it illegally collected data about more than 100,000 children. The Federal Trade Commission, in a complaint filed in a New York district court on Tuesday, had accused Artist Arena LLC of failing to get parental consent before collecting data like names and email addresses of children. FTC spokeswoman Claudia Bourne Farrell said the company agreed to settle for $1 million. ... Full Story | Top |
HP's outlook disappoints, driving shares to 9-year low
Wed,3 Oct 2012 02:59 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Hewlett-Packard Co's shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software. Wall Street had hoped for quicker signs of progress on Whitman's turnaround plan, which centers on transforming the former industry powerhouse into an enterprise computing corporation that can take on IBM and Dell Inc. ...
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Chip gear maker Applied Materials to cut jobs
Wed,3 Oct 2012 02:42 PM PDT
Reuters - (Reuters) - Applied Materials Inc said it would cut its workforce by between 6 percent and 9 percent to reduce costs as it struggles with a slowdown in its chip manufacturing equipment business and troubles at its solar and display groups. The Santa Clara, California, company is implementing a voluntary retirement program and other measures to eliminate between 900 and 1,300 positions, it said in a statement on Wednesday. ... Full Story | Top |
Andreessen Horowitz invests $15 million in website Rap Genius
Wed,3 Oct 2012 01:54 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Venture capitalist Ben Horowitz is famous for starting his blog posts with rap lyrics. Now, he will be putting his money into the mix. His firm, Andreessen Horowitz, announced Wednesday a $15 million investment in Rap Genius, a website using crowdsourcing to dig into and explain arcane details of rap lyrics. Think of Rap Genius as the Talmud, Horowitz said in a phone interview on Wednesday, referring to the Jewish text that interprets the Old Testament. As an example, Horowitz cited a Lil Wayne lyric, "real G's move in silence like lasagna. ...
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HP expects enterprise services revenue to fall in 2013
Wed,3 Oct 2012 01:34 PM PDT
Reuters -  (Reuters) - Hewlett-Packard Co forecast revenue at its enterprise services unit to fall between 11 percent and 13 percent in 2013. The company expects 2013 adjusted earnings per share of $3.40 to $3.60 per share. Shares of the company fell more than 8 percent to $15.75 on the New York Stock Exchange. (Reporting by Sayantani Ghosh in Bangalore)
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Google denied summary judgment in patent dispute with Vringo
Wed,3 Oct 2012 01:32 PM PDT
Reuters -  (Reuters) - Mobile phone software maker Vringo Inc's shares jumped 39 percent on Wednesday after a judge denied Google Inc a motion for summary judgment in a patent dispute. Google was sued by Innovate/Protect Inc, which was acquired by Vringo. Vringo is seeking an award of at least $696 million from Google, financial website iStockAnalyst reported. "Having carefully reviewed the parties' pleadings, the court finds that summary judgment is inappropriate at this time as there are genuine issues of material fact in dispute," U.S. District Judge Raymond Jackson said in his order. ...
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Facebook lets U.S. users pay to boost visibility of postings
Wed,3 Oct 2012 12:23 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc is letting users in the United States pay a fee to boost the visibility of their postings on the social network, the company's latest effort to look beyond advertisers for revenue. The promoted-posts-for-users feature, which Facebook began offering as a test on Wednesday to a limited number of its U.S. users, ensures that a comment or photo shared by a Facebook member gets prominent billing in their friends' newsfeeds. ...
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U.S. works to shut down tech support scams that have cost millions
Wed,3 Oct 2012 11:44 AM PDT
Reuters -  WASHINGTON (Reuters) - The United States has taken steps to shut down several fake tech support scams that have cost consumers tens of millions of dollars, the Federal Trade Commission said on Wednesday. In the scheme, six separate rings of scam artists, most in India, call people in the United States, Canada, Australia and elsewhere, identify themselves as working for reputable companies and ask the victim to check his or her computer. The consumers are then told their computer has a virus that can be removed for a fee of $49 to $450. ...
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Cyber attackers disrupt Internet in Iran: official
Wed,3 Oct 2012 05:55 AM PDT
Reuters -  DUBAI (Reuters) - Cyber attackers have targeted Iranian infrastructure and communications companies, disrupting the Internet across the country, a state official was quoted as saying on Wednesday. Iran, the world's No. 5 oil exporter, has tightened cyber security since its uranium enrichment centrifuges were hit in 2010 by the Stuxnet computer worm, which Tehran believes was planted by arch-adversaries Israel or the United States. ...
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Sensata temporarily suspends operations at South Korea unit
Wed,3 Oct 2012 04:25 AM PDT
Reuters - (Reuters) - Netherlands-based Sensata Technologies Holding N.V. temporarily suspended manufacturing operations at its South Korean unit due to a recent fire in a building at the site. The company confirmed that there were no on-site injuries as a result of the fire. Sensata supplies sensing, electrical protection, control and power management products. The company expects to take a charge of about $3 million to $5 million in the current quarter for loss of inventory, equipment and damage to the building, it said in a statement. It also expects some loss of revenue in the fourth quarter. ... Full Story | Top |
Citrix, Palo Alto Networks strike strategic partnership
Wed,3 Oct 2012 04:11 AM PDT
Reuters - (Reuters) - Business software maker Citrix Systems and security software company Palo Alto Networks have entered a strategic partnership to offer joint application delivery and security products. The goal is to take advantage of increasing customer demand for efficient and reliable delivery of business applications that need to be secured against cyber attacks, Nir Zuk, co-founder and Chief Technology Officer of Palo Alto Networks said. ... Full Story | Top |
Renesas to post $1.1 billion special loss on job redundancy scheme
Tue,2 Oct 2012 11:37 PM PDT
Reuters -  TOKYO (Reuters) - Ailing Japanese chipmaker Renesas said on Wednesday that it will post a 85 billion yen ($1.1 billion) extraordinary loss in the July-September quarter after a larger-than-expected number of employees volunteered for its redundancy scheme. Renesas said about 7,500 employees volunteered to resign with compensation. The firm had aimed to attract about 5,000 workers for the scheme. The implementation of the scheme will reduce costs by 54 billion yen per year, Renesas said. ($1 = 78.04 Japanese yen) (Reporting by Shinichi Saoshiro; Editing by Edwina Gibbs)
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