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| Google's Schmidt plans North Korea trip: AP Wednesday, Jan 02, 2013 08:28 PM PST  SAN FRANCISCO (Reuters) - Google Inc's executive chairman, Eric Schmidt, will travel this year to reclusive North Korea, where Internet use is subject to some of the world's tightest controls, the Associated Press reported on Wednesday. Schmidt, one of the highest-profile leaders of the U.S. technology industry, could visit as early as this month, the AP said. The announcement was made days after North Korean leader Kim Jong-un, the third member of his family to rule the country since its inception in the Cold War, signaled a willingness to improve relations with South Korea. ... Full Story | Top |
| Microsoft acquires start-up id8: source Wednesday, Jan 02, 2013 04:29 PM PST  SAN FRANCISCO (Reuters) - Microsoft Corp bought start-up id8 Group R2 Studios Inc as it looks to expand further in technology focused on the home and entertainment, a person familiar with the situation said on Wednesday. id8 Group R2 Studios was started in 2011 by Silicon Valley entrepreneur and investor Blake Krikorian. It recently launched a Google Android application to allow users to control home heating and lighting systems from smartphones. Krikorian's Sling Media - which was sold to EchoStar Communications in 2007 - made the "Slingbox" for watching TV on computers. ... Full Story | Top |
| Google's executive chairman plans North Korea trip - AP Wednesday, Jan 02, 2013 03:52 PM PST  SAN FRANCISCO (Reuters) - Google Inc's executive chairman, Eric Schmidt, one of the highest-profile leaders of the U.S. technology industry, will travel to North Korea this year, the Associated Press reported on Wednesday. Schmidt's visit, which AP said might take place as soon as this month, comes after North Korean leader Kim Jong-un called this week for an end to confrontation with South Korea, with which the country is technically still at war. It was unclear whom Schmidt will meet or what his agenda might be, the AP reported. ... Full Story | Top |
| New FAA head among appointments approved by Senate Wednesday, Jan 02, 2013 02:42 PM PST WASHINGTON (Reuters) - The Senate late on Tuesday approved a number of key White House nominations to regulatory agencies, including the president's choice for the top job at Federal Aviation Administration that had been vacant for over a year. Michael Huerta was confirmed as FAA administrator for a five-year term after acting in that role since December 2011, when his predecessor resigned after being arrested and charged with drunk driving. ... Full Story | Top |
| Chipmaker AMD names new chief financial officer Wednesday, Jan 02, 2013 02:01 PM PST SAN FRANCISCO (Reuters) - Advanced Micro Devices said on Wednesday it promoted senior executive Devinder Kumar to chief financial officer after the struggling PC chipmaker announced in September its previous CFO was leaving. Kumar, a 28-year AMD veteran, had been standing in as CFO since AMD announced the departure of Thomas Siefert, who was liked by many on Wall Street. Since 2001, Kumar was corporate controller at AMD, which like other PC-related companies has been hit by a slump in demand as smartphones and tablets grow in popularity. ... Full Story | Top |
| Judge rejects part of Apple App Store suit vs Amazon Wednesday, Jan 02, 2013 10:05 AM PST  SAN FRANCISCO (Reuters) - A U.S. judge on Wednesday rejected part of Apple Inc's lawsuit against Amazon.com Inc's use of the term App Store, ruling Apple cannot bring a false advertising claim against the online retailer. U.S. District Judge Phyllis Hamilton in Oakland, California, granted Amazon's motion for partial summary judgment, which only challenged Apple's false advertising allegations. Apple leveled other claims against Amazon, including trademark infringement. An Apple spokeswoman declined to comment, and an Amazon representative could not be reached immediately. ... Full Story | Top |
| Apple testing new iPhone, iOS 7: report Wednesday, Jan 02, 2013 08:38 AM PST  (Reuters) - Apple Inc has started testing a new iPhone and the next version of its iOS software, news website The Next Web reported. The company's shares rose as much as 4.3 percent but eased a little to trade up 3 percent at $546.11 by mid-day on the Nasdaq. Application developers have found in their app usage logs references to a new iPhone identifier, iPhone 6.1, running iOS 7 operating system, the website reported. Apple's iPhone 5 bears the identifiers "iPhone 5.1" and "iPhone 5.2" and is powered by the iOS 6 operating system. ... Full Story | Top |
| Armed robbers hit Paris Apple store Wednesday, Jan 02, 2013 07:02 AM PST PARIS (Reuters) - Armed robbers targeted an Apple Inc store in central Paris on New Year's Eve, taking thousands of euros (dollars) worth of goods, a police official said on Tuesday. The robbery took place at about 9 p.m. (2.00 p.m. ET) on Monday, three hours after closing time at one of Apple's flagship stores behind the Paris Opera which sells products ranging from iPhones and iPads to Mac computers. The police official declined to comment on reports the thieves walked away with about 1 million euros ($1.32 million) of loot, saying the company was still evaluating the loss. ... Full Story | Top |
| Imation buys storage systems provider Nexsan for $120 million Wednesday, Jan 02, 2013 05:15 AM PST (Reuters) - Storage and data security company Imation Corp bought Nexsan Corp, a privately held provider of disk-based storage systems, for about $120 million in cash and stock. Imation will pay $105 million in cash and $15 million in stock, the company said in a statement. Shares of Imation closed at $4.67 on the New York Stock Exchange on Monday. (Reporting by Supantha Mukherjee in Bangalore; Editing by Joyjeet Das) Full Story | Top |
| T-Mobile confirms appeal over Austria telecom merger Wednesday, Jan 02, 2013 04:36 AM PST VIENNA (Reuters) - T-Mobile Austria confirmed it had filed an appeal against the allocation of radio frequencies that will result from Hutchison Whampoa's takeover of Orange Austria, in a move that could derail the 1.3 billion euro ($1.7 billion) deal. A source familiar with the matter had told Reuters last month that the Deutsche Telekom unit planned the appeal over fears it will be at a disadvantage to rivals who will have a head start of up to a year in building next-generation LTE networks. ... Full Story | Top |
| Leading Chinese firms eye Israeli technology investments Wednesday, Jan 02, 2013 04:32 AM PST TEL AVIV (Reuters) - Leading Chinese companies are looking for investments in Israeli technology to help boost their growth and development, similar to what U.S. companies have done in the past two decades. A delegation of senior Chinese business leaders visited Israel last month in search of opportunities, pressing ahead with the trip despite rockets that fell in the commercial centre of the country during fighting with Gaza militants. ... Full Story | Top |
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