Today's Reuters Technology News Headlines - Yahoo! News:
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China shuts websites, detains six for spreading online rumors
Sat,31 Mar 2012 08:46 AM PDT
Reuters - SHANGHAI (Reuters) - Chinese authorities shut 16 websites and detained six people accused of spreading rumors of unusual military vehicle movements in Beijing, state media reported, after the political downfall of one of the ruling communist party's senior leaders. Authorities closed the websites for spreading rumors of "military vehicles entering Beijing and something wrong going on in Beijing," Xinhua news agency said late on Friday, citing a spokesman with the State Internet Information Office (SIIO). ... Full Story | Top |
E-books settlement talks advancing: sources
Fri,30 Mar 2012 01:26 PM PDT
Reuters - WASHINGTON (Reuters) - The Justice Department could reach a settlement in the next few weeks with Apple Inc and some of the major publishers suspected of colluding to push up electronic book prices, according to two people close to the negotiations. While negotiations are still fluid, the settlement is expected to eliminate Apple's so-called "most favored nation" status, which had prevented the publishers from selling lower-priced e-books through rival retailers such as Amazon.com Inc or Barnes & Noble Inc , the people said. ... Full Story | Top |
EU's Almunia: may probe Motorola, Apple, Microsoft dispute
Fri,30 Mar 2012 12:15 PM PDT
Reuters - BRUSSELS (Reuters) - EU antitrust regulators may open an investigation into a patent dispute between Apple Inc , Microsoft Corp and Motorola Mobility Holdings Inc to ensure patent holders do not thwart rivals, the EU's antitrust chief said on Friday. Last month Microsoft took its case to the European Commission, saying Motorola Mobility was charging too much for use of its patents in Microsoft products. Motorola Mobility said Apple had also complained to the EU watchdog about its patents. ... Full Story | Top |
Yahoo layoffs to begin next week: report
Fri,30 Mar 2012 11:56 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not take place all at once, will mostly affect Yahoo's product, research and marketing groups, according to the report in the blog AllThingsD, which cited anonymous sources. Under a plan still being finalized, Yahoo would reorganize its business to create a global media division, while product development would move to decentralized units. ...
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Analysis: RIM CEO's brave face masks limited options
Fri,30 Mar 2012 11:04 AM PDT
Reuters - TORONTO (Reuters) - A candid diagnosis of the troubles facing Research In Motion delivered by freshman Chief Executive Thorsten Heins was a welcome change for its stakeholders, but his prescription for returning the BlackBerry maker to health might be hard to swallow. RIM recorded its first quarterly loss in seven years on Thursday and said it would no longer issue financial forecasts. A prolonged slump in sales of its smartphones shows no signs of abating, it said, at least until it can launch its next-generation line-up later this year. ... Full Story | Top |
RIM posts loss as new CEO begins to clean house
Fri,30 Mar 2012 11:04 AM 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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BlackBerry maker trims senior staff: report
Fri,30 Mar 2012 07:25 AM 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 |
INSTANT VIEW-RIM posts loss as BlackBerry slips further
Fri,30 Mar 2012 07:25 AM 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 |
RIM's first loss in 7 years dims outlook further: analysts
Fri,30 Mar 2012 07:25 AM PDT
Reuters - (Reuters) - Research in Motion faces a tough year ahead as competition heightens for its products, warned analysts as they slashed price targets on the stock, after the company posted a loss and said BlackBerry shipments fell for the holiday quarter. On Thursday, RIM recorded its first quarterly loss since the fourth quarter of fiscal 2005 and said it would no longer issue financial forecasts. ... Full Story | Top |
Apple, Foxconn set new standard for Chinese workers
Fri,30 Mar 2012 06:12 AM 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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Apple supplier Foxconn cuts working hours, workers ask why
Fri,30 Mar 2012 03:19 AM PDT
Reuters -  LONGHUA, China (Reuters) - When Chinese worker Wu Jun heard that her employer, the giant electronics assembly company Foxconn, had given employees landmark concessions her reaction was worry, not elation. Wu, 23, is one of tens of thousands of migrants from the poor countryside who staff the production lines of Foxconn's plant in Longhua, in southern China, which spits out made-to-order products for Apple Inc and other multinationals. Foxconn's concessions, including cutting overtime for its 1. ...
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Murdoch's media empire strikes back
Fri,30 Mar 2012 12:28 AM 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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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. ...
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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. ...
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