Today's Reuters Technology News Headlines - Yahoo! News:
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Slow connection: Myanmar test for IT crowd
Thu,1 Mar 2012 09:52 PM PST
Reuters -  (Reuters) - Myanmar has fewer phones per capita than any other country and probably the fewest Internet connections, and that has regional telecoms and IT companies licking their lips. But behind those statistics lies more than simply a virgin market waiting to be tapped. Myanmar has been run by generals for decades, leaving not only pent-up demand for connectivity, but also a complex web of interests and a unique ecosystem of technological make-do. All of which will require careful navigation by would-be investors. ...
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Yelp prices IPO above expected range: underwriter
Thu,1 Mar 2012 05:49 PM PST
Reuters - (Reuters) - Yelp Inc, which offers online reviews of local businesses and services, priced its initial public offering at $15 a share, above its indicated price range, according to an underwriter. The IPO generated $107.3 million in proceeds. The company had planned to sell shares in the offering at between $12 and $14 a share. The offering consisted of 7.1 million shares being sold by Yelp, with the rest being sold by a stockholder. Yelp shares are expected to begin trading on Friday on the New York Stock Exchange under the symbol "YELP. ... Full Story | Top |
Republicans introduce softer cyber security bill
Thu,1 Mar 2012 04:41 PM PST
Reuters - WASHINGTON (Reuters) - Eight top Republicans introduced a cybersecurity bill on Thursday aimed at stopping an overarching, bipartisan measure proposed earlier this month in order to better protect critical infrastructure. The measure, introduced by the top Republicans on eight committees, would require federal contractors to inform the government about cyber threats and make it easier for government regulators and corporations to communicate about threats. "We believe that ensuring our nation's cybersecurity is critical. ... Full Story | Top |
Frenchman sues over Google Views urination photo
Thu,1 Mar 2012 04:39 PM PST
Reuters - NANTES, France (Reuters) - A Frenchman took Google to court Thursday over a photo published online by its Street View application showing him urinating in his front yard which he believes has made him the laughing stock of his village in rural northwest France. The man, who is aged around 50 and lives in a village of some 3,000 people in the Maine-et-Loire region, is demanding the removal of the photo, in which locals have recognized him despite his face being blurred out. He also wants 10,000 euros ($13,300) in damages. ... Full Story | Top |
Microsoft hires ex-FTC Google expert as lobbyist
Thu,1 Mar 2012 04:09 PM PST
Reuters - WASHINGTON (Reuters) - Microsoft Corp hired as one of its lobbyists a former Federal Trade Commission lawyer who had access to "thousands" of confidential Google Inc documents, according to a source close to the situation. The software maker took on Randall Long, who led the FTC's investigation into Google's acquisition of AdMob, to be a lobbyist in its Washington office, according to both Google and Microsoft. The hiring, first reported by the Wall Street Journal, is the latest salvo in Microsoft's ongoing battle with Google for dominance of the high-tech world. ... Full Story | Top |
AT&T standardizes data throttling practices
Thu,1 Mar 2012 03:35 PM PST
Reuters - NEW YORK (Reuters) - AT&T Inc has standardized rules for subscribers with unlimited data service plans after a public outcry about its practice of slowing down speeds for its heaviest users, but the change also drew sharp criticism. The No. 2 U.S. mobile service provider said on Thursday that instead of varying its speed throttling practices from location to location, it will now slow down services for all unlimited-use customers who have used a specific amount of data. ... Full Story | Top |
Exclusive: Facebook seeking bigger credit line: sources
Thu,1 Mar 2012 02:57 PM PST
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company's plans. The world's largest social media network, which boosted its borrowing capacity by two-thirds just six months ago, is taking advantage of its strong position to get more financing for its phenomenal growth, the sources said. The sources spoke on condition of anonymity because they are not authorized to speak publicly about such plans. ...
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Kodak to sell photo services website to Shutterfly
Thu,1 Mar 2012 02:47 PM PST
Reuters - (Reuters) - Eastman Kodak Co, which filed for bankruptcy protection in January, said it agreed to sell its on-line photo services business to "stalking horse" bidder Shutterfly Inc for $23.8 million. A "stalking horse" bid is used as a starting bid or minimally accepted offer that other interested bidders must surpass if they want to buy the company. Shutterfly shares rose 18 percent to $31.70 in extended trade, following the news. The stock had closed at $26.91 on Thursday on the Nasdaq. The company said it will transfer Kodak Gallery customer accounts and images in the U.S. ... Full Story | Top |
LivingSocial to launch its first credit card
Thu,1 Mar 2012 02:07 PM PST
Reuters - SAN FRANCISCO (Reuters) - LivingSocial, the second-largest daily deal company behind Groupon Inc , plans to launch its first credit card in coming months to help merchants attract repeat customers, Chief Financial Officer John Bax said on Thursday. The card, with no annual fee, will be offered with Chase, part of JPMorgan Chase & Co , and Visa Inc to all LivingSocial's U.S. subscribers, he told Reuters in an interview. Card holders who make 10 purchases a month with the card will earn 10 credits known as Deal Bucks. ... Full Story | Top |
Zynga seeks own game space away from Facebook
Thu,1 Mar 2012 02:05 PM PST
Reuters -  (Reuters) - Zynga Inc is launching a new games service that allows users to play on the company's website instead of Facebook, potentially driving traffic away from the world's No. 1 social network that is its biggest partner. The service is the online game company's boldest move yet to create a presence outside of Facebook, where it makes 93 percent of its revenue. Investors sent Zynga's shares up 10 percent to $14.48. "Zynga is building their own web-based platform, which makes them a bit more independent and creates a brand for them outside of Facebook. ...
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What you should know about Twitter's data sales
Thu,1 Mar 2012 01:08 PM PST
Reuters -  (REUTERS) - Twitter users are about to become major marketing fodder, as two research companies get set to release information to clients who will pay for the privilege of mining the data. Boulder, Colorado-based Gnip Inc and DataSift Inc, based in the U.K. and San Francisco, are licensed by Twitter to analyze archived tweets and basic information about users, like geographic location. DataSift announced this week that it will release Twitter data in packages that will encompass the last two years of activity for its customers to mine, while Gnip can go back only 30 days. ...
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Monster soars as CEO mulls "strategic alternatives"
Thu,1 Mar 2012 12:33 PM PST
Reuters - (Reuters) - Monster Worldwide Inc Chief Executive Sal Iannuzzi told investors on Thursday that the operator of the job-search website was considering all "strategic alternatives," sending the company's shares up more than 17 percent. "Our shareholders deserve a better return," Iannuzzi told an investor conference. "The board and the management is also focused on pursuing all strategic alternatives to increase shareholder value." Iannuzzi did not specify what alternatives the company was considering. ... Full Story | Top |
Republicans introduce softer cyber security bill
Thu,1 Mar 2012 12:17 PM PST
Reuters - WASHINGTON (Reuters) - Eight top Republicans introduced a cybersecurity bill on Thursday aimed at stopping an overarching, bipartisan measure proposed earlier this month in order to better protect critical infrastructure. The measure, introduced by the top Republicans on eight committees, would require federal contractors to inform the government about cyber threats and make it easier for government regulators and corporations to communicate about threats. "We believe that ensuring our nation's cybersecurity is critical. ... Full Story | Top |
Trend Micro hires cyber security expert Kellermann
Thu,1 Mar 2012 10:40 AM PST
Reuters - (Reuters) - Anti-virus software maker Trend Micro Inc has hired a prominent expert on cybersecurity policy to help boost its sales to the U.S. government. The Japanese company said it named Tom Kellermann to the newly created post of vice president for cybersecurity U.S. He will be based in Washington. In addition to addressing the federal market, Kellermann will also work to increase Trend Micro's profile with state and local governments as well monitor emerging technologies and forge strategic partnerships, said Trend Micro spokesman Michael Sweeney. ... Full Story | Top |
RIM may warn on BlackBerry shipments, analyst says
Thu,1 Mar 2012 10:24 AM PST
Reuters -  (Reuters) - Shares of Research In Motion dropped nearly 5 percent on Thursday after an influential analyst said RIM would likely warn that it came up short on BlackBerry shipments this quarter and offer an even bleaker outlook for its flagship smartphone. The latest version of the smartphone - using the legacy BlackBerry 7 operating system that RIM will replace later this year - has failed to impress demanding U.S. consumers, Jefferies analyst Peter Misek wrote in a note to clients. ...
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