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| Student group plans to sue Facebook in Ireland Monday, Dec 03, 2012 11:34 PM PST  VIENNA (Reuters) - Facebook Inc privacy campaign group europe-v-facebook plans to sue the social network in Ireland, where the company has its international headquarters, it said on Tuesday. The Austrian student group has been campaigning for better data protection by Facebook for over a year and has won some concessions, notably pushing the world's biggest social network to switch off its facial recognition feature in Europe. ... Full Story | Top |
| On the run, software guru McAfee says left Belize, won't surrender Monday, Dec 03, 2012 05:22 PM PST  MEXICO CITY (Reuters) - U.S. anti-virus software guru John McAfee said on Monday he has left the Caribbean country of Belize where police want to question him in connection with a neighbor's murder, and will not turn himself in. "I am not in Belize. That is all I will say," McAfee told Reuters by telephone from an undisclosed location. "Every bordering country around Belize, for political, financial, legal reasons, is pretty much like Belize and our plan is ... to arrive in a safe country. ... Full Story | Top |
| Nokia Siemens services unit faces closure: paper Monday, Dec 03, 2012 04:03 PM PST  FRANKFURT (Reuters) - A service unit of Nokia Siemens Networks (NSN) in Germany faces closure after losing a contract with its biggest customer, German daily newspaper Sueddeutsche Zeitung reported. The newspaper cited company sources as saying workers at NSN Services would be told in a meeting on Wednesday that Deutsche Telekom has cancelled its contract with the Nuremberg-based company effective at the end of the month. The newspaper said talks for a new contract have failed. ... Full Story | Top |
| Yahoo sees several flaws in $2.7 billion Mexico ruling: source Monday, Dec 03, 2012 03:33 PM PST  SAN FRANCISCO (Reuters) - Yahoo Inc believes it has "numerous" grounds to appeal a Mexico City civil court's $2.7 billion preliminary judgment against the company, including both errors in procedure and in application of law, a person familiar with the matter told Reuters on Monday. The ruling in the case, which involves allegations of breach of contract related to an online yellow pages listings service, was made by the 49th Civil Court of the Federal District of Mexico City, Yahoo announced on Friday. The lawsuit was brought by Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. ... Full Story | Top |
| Oracle sends shareholders cash as tax uncertainty looms Monday, Dec 03, 2012 02:15 PM PST  SAN FRANCISCO (Reuters) - Oracle Corp said it would give over $800 million back to shareholders, joining a growing number of companies accelerating dividend payments or declaring special dividends because of uncertainty surrounding the U.S. government's fiscal plans. About $600 billion of automatic tax increases and spending cuts are scheduled to come into effect in the United States early next year, which could include higher rates for dividends. Congress and the White House are negotiating alternative ways to reduce the federal budget deficit but no agreement is in sight. ... Full Story | Top |
| Sharp, Qualcomm to jointly develop LCD panels: Nikkei Monday, Dec 03, 2012 09:58 AM PST (Reuters) - Sharp Corp and Qualcomm Inc reached a deal to jointly develop an energy-efficient LCD panel for smartphones using the Japanese company's display technology, the Nikkei reported. Sharp will provide its indium-gallium-zinc oxide technology, which greatly reduces a panel's power use. Full details are expected to be announced as early as Tuesday, the daily said. Sharp will receive 5 billion yen ($61 million) from the U.S. chipmaker by the end of this year through a private placement of new shares. ... Full Story | Top |
| Ericsson seeks U.S. import ban on Samsung products Monday, Dec 03, 2012 09:11 AM PST  STOCKHOLM (Reuters) - Swedish telecoms gear maker Ericsson has filed a request with the U.S. International Trade Commission to ban U.S. imports of products made by South Korean group Samsung, The request from Ericsson, which said on Monday the products infringe on its patents, came after it sued Samsung for patent infringement in a U.S. court last week. "The request for an import ban is a part of the process. An import ban is not our goal. Our goal is that they (Samsung) sign license agreements on reasonable terms," spokesman Fredrik Hallstan said. ... Full Story | Top |
| CSC to sell credit services unit to Equifax for $1 billion Monday, Dec 03, 2012 08:11 AM PST (Reuters) - U.S. technology services provider Computer Sciences Corp will sell its credit services unit to business information provider Equifax Inc for $1 billion in cash, and record after-tax proceeds of about $750 million to $800 million. CSC's shares were up about 4 percent at $39.54 on the New York Stock Exchange, and those of Equifax were also up about 4 percent at $53.59 on Monday morning. ... Full Story | Top |
| A wave of apps like Wavii and Summly serve news on the go Monday, Dec 03, 2012 07:40 AM PST SAN FRANCISCO (Reuters) - Silicon Valley may believe that mobile devices represent the future of information technology, but they've yet to come up with a slick and comprehensive way to read and process news. A growing group of technology entrepreneurs hopes to change that. This week, Wavii, a start-up founded by a former Microsoft Corp employee, Adrian Aoun, unveiled a free iPhone app that filters news stories from around the world, crunches them through a natural language processing algorithm and presents them in five- or six-word summaries. ... Full Story | Top |
| China's dot-com darlings tap cheap global credit Monday, Dec 03, 2012 06:19 AM PST  HONG KONG/SHANGHAI (Reuters) - Chinese search engine company Baidu Inc paid a lower interest rate than Google Inc when it sold $750 million in 10-year bonds last month. China's three dominant dot-com names - Baidu, Alibaba and Tencent Holdings Ltd - have successfully tapped global funding this year, stockpiling a combined $6 billion in debt despite investor skepticism about opaque Chinese companies. The big three plan to use the money to pad their industry advantage at home, to compete better abroad, and perhaps to buy cash-starved rivals. Ultra-low interest rates on U.S. ... Full Story | Top |
| Vatican unveils Pope's Twitter handle: @pontifex Monday, Dec 03, 2012 06:04 AM PST  VATICAN CITY (Reuters) - The secret's out. Pope Benedict's new handle on Twitter will be @pontifex, beating out other contenders that had been considered to showcase the thoughts of one of the world's most visible leaders. Benedict already has 1.2 billion "followers" in the standard sense of the word but next week he will have another type when he enters what for any 85-year old is the brave new world of Twitter. The Vatican said on Monday that the pope will start tweeting on December 12. "The handle is a good one. ... Full Story | Top |
| Nokia Siemens to sell optical networks unit Monday, Dec 03, 2012 06:02 AM PST  FRANKFURT (Reuters) - Mobile telecoms equipment joint venture Nokia Siemens Networks, which is focusing on its core business, is to sell its optical fiber unit to Marlin Equity Partners for an undisclosed sum. Up to 1,900 employees, mainly in Germany and Portugal, will be transferred to the new company, NSN said on Monday. The company, owned by Nokia and Siemens, has sold a number of product lines since it last year announced plans to divest non-core assets and cut 17,000 jobs, nearly a quarter of its total workforce. ... Full Story | Top |
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