Today's Reuters Technology News Headlines - Yahoo! News:
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Apple, Foxconn set new standard for China work conditions
Thu,29 Mar 2012 11:37 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc and its main contract manufacturing Foxconn agreed to tackle violations of conditions among the 1.2 million workers assembling iPhones and iPads in a landmark decision that could change the way Western companies do business in China. Taiwan's Foxconn Technology Group, whose subsidiary Hon Hai Precision Industry assembles Apple devices in factories in China, will hire tens of thousands of new workers, eliminate illegal overtime, improve safety protocols and upgrade workers' housing and other amenities. ...
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China's Alibaba tests social shopping with Pinterest clone
Thu,29 Mar 2012 09:40 PM PDT
Reuters - SHANGHAI (Reuters) - It is a marriage made in heaven for shopping addicts. Social shopping, the merger of social networking and e-commerce which has hooked millions of users in the United States, has now captured the attention of China's Internet giant. Alibaba Group's social shopping platform Fa Xian (http://faxian.etao.com), launched on a testing basis four weeks ago, is already luring 60,000 viewers a day. "Over the long run, social commerce in China has the potential to be bigger than the United States," said Hans Tung, managing director of venture capital firm Qiming Ventures. ... Full Story | Top |
Micron settles memory chip lawsuit with Oracle
Thu,29 Mar 2012 07:48 PM PDT
Reuters -  (Reuters) - Semiconductor manufacturer Micron Technology Inc said late on Thursday it has reached a deal with software giant Oracle to settle a lawsuit filed by Oracle over price increases for memory chips. The lawsuit accused Micron Technology of hatching a "conspiracy" to increase DRAM chip prices for the period from August 1, 1998, through at least June 15, 2002, and included a claim for damages. Micron said Oracle had agreed to a settlement and would release the company from all claims arising out of the litigation. Terms of the settlement were not disclosed. ...
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More U.S. clean tech IPOs come to market, amid skepticism
Thu,29 Mar 2012 07:40 PM PDT
Reuters - (Reuters) - Two U.S. clean tech companies plan to go public on Friday, as executives and bankers increasingly bet that high energy prices and more proven technology will make investors forget the sector's recent flameouts. Solar inverter company Enphase Energy priced shares at the low end of its range on Thursday night, while selling more shares than expected. Clean fuel company Luca Technologies is expected to price shares later in the day. Those offerings could pave the way for other, similar IPOs in coming months, analysts said. ... Full Story | Top |
Murdoch's media empire strikes back
Thu,29 Mar 2012 06:31 PM PDT
Reuters -  LONDON (Reuters) - Rupert Murdoch on Thursday declared war against "enemies" who have accused his pay-TV operation of sabotaging its rivals, denouncing them as "toffs and right wingers" stuck in the last century. Reports by the British Broadcasting Corporation and the Australian Financial Review newspaper this week said that News Corp's pay-TV smartcard security unit, NDS, had promoted piracy attacks on rivals, including in the United States. ...
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Apple labor plan to ripple through China factories
Thu,29 Mar 2012 06:25 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Apparel makers, toy companies and other manufacturers wrestling with rising wages in China now face new pressures after Apple Inc and main production partner Foxconn agreed to improve worker conditions at plants making its iPhones and other gadgets. In a major development for the way Western companies do business in China, Apple said on Thursday it agreed to work with Foxconn -- an affiliate of Taiwan's Hon Hai Precision Industry -- to curtail hours, substantially improve wages, and hire tens of thousands to compensate for the reduced hours. ... Full Story | Top |
RIM posts loss as new CEO begins to clean house
Thu,29 Mar 2012 05:53 PM PDT
Reuters -  TORONTO (Reuters) - Research In Motion posted a net loss and its first slump in BlackBerry shipments for its holiday quarter since 2006, as its new CEO announced the initial steps in a strategic overhaul and would not rule out an eventual sale of the company. RIM's shares dropped as much as 9 percent on Thursday after the company said it would no longer issue financial forecasts and was reviewing "strategic opportunities" such as partnerships and joint-venture licensing, and other ways to leverage its assets. ...
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Analysis: Disinflationary wave from China already waned
Thu,29 Mar 2012 05:23 PM PDT
Reuters - WASHINGTON (Reuters) - A big improvement in labor conditions at plants that produce Apple's iPhones, iPads and iPods in China, which was announced on Thursday, is unlikely to create much more than a ripple in prices across the West. While the reduced overtime hours, increased hiring and improved safety will raise labor costs for the gigantic contract manufacturer Foxconn that Apple uses in China, they are such a small part of the overall cost of the smart phones, tablets and music players that the shift can be largely absorbed, economists said. ... Full Story | Top |
Google to open online tablet store: report
Thu,29 Mar 2012 05:20 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc is planning to open an online store to sell tablet PCs directly to consumers, according to a report in The Wall Street Journal on Thursday. The online store would offer tablets made by Samsung Electronics Co and Asustek Computer Inc based on Google's Android software, according to the report, which cited anonymous sources and which Reuters was not able to confirm. Google declined to comment. ...
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Apple, Foxconn revamp China work conditions
Thu,29 Mar 2012 04:40 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - In a landmark development for the way Western companies do business in China, Apple Inc said on Thursday it had agreed to work with partner Foxconn to tackle wage and working condition violations at the factories that produce its popular products. Foxconn - which makes Apple devices from the iPhone to the iPad - will hire tens of thousands of new workers, clamp down on illegal overtime, improve safety protocols and upgrade worker housing and other amenities. The moves come in response to one of the largest investigations ever conducted of a U.S. ...
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Google to open online tablet store: report
Thu,29 Mar 2012 04:31 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Google Inc is planning to open an online store to sell tablet PCs directly to consumers, according to a report in The Wall Street Journal on Thursday. The online store would offer tablets made by Samsung Electronics Co and Asustek Computer Inc based on Google's Android software, according to the report, which cited anonymous sources and which Reuters was not able to confirm. Google declined to comment. ... Full Story | Top |
RIM CEO cleans house as BlackBerry maker posts loss
Thu,29 Mar 2012 03:47 PM PDT
Reuters -  TORONTO (Reuters) - Research In Motion on Thursday reported a quarterly loss as BlackBerry shipments slumped again and said former co-CEO Jim Balsillie stepped down as director, part of a shake-up of the company's senior ranks by its new chief executive. RIM's shares dropped as much as 9 percent after the company said it would no longer issue financial forecasts and is reviewing "strategic opportunities" such as partnerships and joint ventures licensing, and other ways to leverage its assets. ...
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Apple's Foxconn workers want to work more, dislike food
Thu,29 Mar 2012 03:38 PM PDT
Reuters - SAN FRANCISCO (Reuters) - The Chinese workers who assemble Apple Inc's iPads and iPhones are young, mostly male and a large number of them do not live in their employer Foxconn Technology Group's much-maligned dormitories. Maybe it's the food. The survey of more than 35,000 Foxconn workers revealed that 71 percent of them don't think the factory canteens serve good food, according to the results of an extensive survey of three of Foxconn's China factories undertaken by Washington, D.C.-based non-profit group Fair Labor Association. ... Full Story | Top |
INSTANT VIEW-RIM posts loss as BlackBerry slips further
Thu,29 Mar 2012 02:37 PM PDT
Reuters - (Reuters) - Research In Motion said on Thursday several senior executives resigned as the BlackBerry maker posted a quarterly loss, stung by slipping smartphone shipments and limited deliveries of its poor-selling PlayBook tablet. Here are remarks by analysts interviewed by Reuters after RIM's quarterly financial report, which came out on Thursday after the end of regular trading in Toronto and New York. ... Full Story | Top |
BlackBerry maker trims senior staff: report
Thu,29 Mar 2012 02:02 PM PDT
Reuters - TORONTO (Reuters) - Research In Motion began a fresh round of senior staff layoffs on Thursday, a Canadian newspaper reported citing a source close to the company. RIM's shares were halted in after-market trade pending news just minutes before the smartphone company is expected to report its fourth quarter results. The Globe and Mail report said sales and marketing staff, the target of an earlier round of layoffs, had been affected again. (Reporting by Alastair Sharp in Toronto) Full Story | Top |
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