Today's Reuters Technology News Headlines - Yahoo! News:
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T-Mobile USA in $2.4 billion tower deal with Crown Castle
Fri,28 Sep 2012 09:32 AM PDT
Reuters - NEW YORK (Reuters) - T-Mobile USA is selling the rights to operate 7,200 of its wireless broadcast towers for $2.4 billion to Crown Castle International Corp to help fund a network upgrade and reduce debt at its parent Deutsche Telekom. Crown Castle has the option to pay another $2.4 billion to buy the towers outright from T-Mobile USA at the end of the lease term for each tower - between 2025 and 2048 - under the deal announced on Friday. Analysts said it was a good deal for T-Mobile USA, which is spending $4 billion on a network upgrade. ... Full Story | Top |
Appeals court sends Galaxy Tab injunction back to trial judge
Fri,28 Sep 2012 09:29 AM PDT
Reuters -  (Reuters) - A U.S. appeals court granted Samsung Electronics Co Ltd's request that a lower court judge should consider whether to dissolve a sales ban against the Galaxy Tab 10.1, which had been won by Apple Inc. The ruling on Friday came from the Federal U.S. Circuit Court of Appeals in Washington. (Reporting By Dan Levine in San Francisco; Editing by Lisa Von Ahn)
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Apple's Cook apologizes for Maps flaws, recommends rivals
Fri,28 Sep 2012 08:52 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook apologized Friday to customers frustrated with glaring errors in its new Maps service, and, in an unusual move for the consumer giant, directed them to rival services instead, such as Google Inc's Maps. The rare apology follows Apple's launch of its own mapping service earlier this month, when it began selling the iPhone 5 and rolled out iOS 6, the highly anticipated update to its mobile software platform. ...
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Kodak to stop selling inkjet printers from 2013
Fri,28 Sep 2012 08:25 AM PDT
Reuters - (Reuters) - Eastman Kodak Co said it plans to stop selling inkjet printers from 2013 as it winds down most of its consumer businesses and focuses on commercial printing. Printer makers are struggling with falling sales as companies cut costs and people increasingly use mobile devices to take snaps and share them digitally. Lexmark International Inc said last month that it will stop making inkjet printers and focus on its more profitable imaging and software businesses. ... Full Story | Top |
Tablets, Turtles make "most wanted" holiday toy list
Fri,28 Sep 2012 07:44 AM PDT
Reuters -  NEW YORK (Reuters) - Tablet computers, turtles and a new take on a furry old-timer are the hot toys retailers and manufacturers hope will spark a rebound from a dismal 2011 holiday season, according to a closely watched "Most Wanted" list released on Friday. The industry is not just counting on best-selling toys to generate joy at the cash register. Major retailers are pushing more attractive layaway plans to lure shoppers into stores before they go elsewhere this holiday season. Competition will be stiff over layaway: who's the earliest, with no fee or just a small fee. ...
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RIM buys itself breathing room for BB10 launch
Fri,28 Sep 2012 07:10 AM PDT
Reuters -  (Reuters) - Research In Motion Ltd, after buying itself breathing room on Thursday by delivering stronger-than-expected quarterly results, still faces the formidable task of delivering a make-or-break line of new BlackBerry devices early next year. The more stable cash position that RIM achieved during its fiscal quarter ended September 1 will give the company a fighting chance to market the new BlackBerry 10 effectively while ramping up full production of the revamped line, analysts said. ...
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Nokia cuts smartphone prices before new models arrive
Fri,28 Sep 2012 05:58 AM PDT
Reuters -  HELSINKI (Reuters) - Struggling phone maker Nokia has knocked 10-15 percent off the prices of two of its top of the range smartphones, hoping to boost sales before newer models arrive in markets in November. Nokia has cut the price of the Lumia 800 by around 15 percent and the Lumia 900 by 10 percent in Europe, according to device pricing data compiled by British research firm CCS Insight. Nokia declined to comment. Earlier this month, Nokia launched Lumia 820 and 920, which many see as crucial for the Finnish company's survival. ...
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Exclusive: Groupon reshuffles execs, seeks to fix Europe business
Fri,28 Sep 2012 05:28 AM PDT
Reuters -  (Reuters) - Groupon Inc , the world's largest online daily deals provider, is reshuffling senior management roles in an attempt to fix its struggling European business -- a shake-up that will also include the departure of its chief of international business. According to an internal memo obtained by Reuters, Chris Muhr, SVP of sales, will now head the Europe, Middle East and Africa region, while Veit Dengler, SVP International, will be leaving the company. The memo did not give any reason for Dengler's departure. ...
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Sharp says making adequate volumes of display used in iPhone5
Fri,28 Sep 2012 03:41 AM PDT
Reuters -  TOKYO (Reuters) - Sharp Corp is making "adequate volumes" of displays it is known to supply for Apple Inc's new iPhone5, a company executive said, indicating that a possible bottleneck in supplies of screens may have eased. Analysts had blamed a shortfall in supplies of display for leaving Apple with too few iPhones to meet burgeoning demand at its launch this month. At the end of August three weeks before the new iPhone went on sale, Sharp, which was supposed to be mass producing at its Kameyama plant in central Japan, had fallen behind schedule, a source earlier told Reuters. ...
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Japanese banks stake $6 billion on electronics bailouts
Fri,28 Sep 2012 01:35 AM PDT
Reuters -  TOKYO (Reuters) - Japanese banks have staked more than $6 billion on two of the country's ailing electronics companies, Sharp Corp and Renesas Electronics Corp, loans that resolve the firms' immediate cash crises but fail to end doubts about their future. Chipmaker Renesas last month forecast its worst-ever annual loss as a result of sinking prices and a strong yen, and sources say 100-year-old Sharp expects to lose over 100 billion yen ($1.29 billion) this business year as it struggles against rivals including South Korea's Samsung Electronics Co Ltd. ...
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U.S. cyber warrior accuses China of targeting Pentagon
Thu,27 Sep 2012 06:23 PM PDT
Reuters - WASHINGTON (Reuters) - The U.S. Cyber Command's top intelligence officer accused China on Thursday of persistent efforts to pierce Pentagon computer networks and said a proposal was moving forward to boost the cyber command in the U.S. military hierarchy. "Their level of effort against the Department of Defense is constant" while alleged Chinese attempts to steal corporate trade secrets has been growing, Rear Admiral Samuel Cox, the command's director of intelligence, told Reuters after remarks to a forum on the history of cyber threats. ... Full Story | Top |
RIM surprises with cash boost and resilient sales; shares surge
Thu,27 Sep 2012 06:17 PM PDT
Reuters -  TORONTO (Reuters) - Research In Motion Ltd reported a narrower-than-expected loss on Thursday and the struggling BlackBerry maker bolstered its cash reserves, sparking optimism ahead of the launch of its make-or-break line of next-generation smartphones. Shares of RIM surged 20 percent in after-hours trade on indications the company will have plenty of cash to ramp up production of its new BlackBerry 10 devices and mount a robust marketing campaign for the revamped line, due in early 2013. ...
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U.S. group studying breach at Schneider unit
Thu,27 Sep 2012 04:45 PM PDT
Reuters - BOSTON (Reuters) - An organization that regulates U.S. electric utilities is looking into a security breach at a Calgary, Alberta-based maker of software that big energy companies use to manage production and distribution of electricity. Calgary-based Telvent, which is owned by France's Schneider Electric SA, quietly warned customers about the sophisticated attack, which affected its operations in the United States, Canada and Spain, the cyber security news site KrebsOnSecurity.com reported on Wednesday. It is the latest in a string of breaches targeting the energy sector. ... Full Story | Top |
Google obeys Brazilian court order, blocks YouTube political video
Thu,27 Sep 2012 04:18 PM PDT
Reuters - RIO DE JANEIRO (Reuters) - The Brazilian unit of Google, the world's No. 1 Internet search engine, said on Thursday it had obeyed a court order to remove a video attacking a candidate in Brazilian municipal elections from its YouTube service after legal appeals were exhausted. ... Full Story | Top |
RIM delivers pleasant surprise to investors; shares surge
Thu,27 Sep 2012 04:12 PM PDT
Reuters -  TORONTO (Reuters) - Research In Motion Ltd reported a narrower-than-expected loss on Thursday and the struggling BlackBerry maker bolstered its cash reserves, sparking optimism ahead of the launch of its make-or-break line of next-generation smartphones. Shares of the RIM surged 20 percent in after-hours trade on indications the company will have plenty of cash to ramp up production of its new BlackBerry 10 devices and mount a robust marketing campaign for the revamped line, due in early 2013. ...
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