Daily News: Reuters Technology News Headlines - Under pressure Infosys recalls Narayana Murthy as chairman

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Saturday, Jun 01, 2013 07:14 AM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Under pressure Infosys recalls Narayana Murthy as chairman DirecTV, two others bid over $1 billion for Hulu: source Trade panel delays decision in Apple-Samsung fight Yelp open to partnering with Facebook's rival offering: CFO Apple joins other foreign brands in raising prices in Japan

Under pressure Infosys recalls Narayana Murthy as chairman  Saturday, Jun 01, 2013 07:14 AM PDT By Prashant Mehra and Harichandan Arakali MUMBAI/BANGALORE (Reuters) - India's No. 2 IT services firm Infosys Ltd, grappling with disappointing results and loss of market share, has recalled founder and former chairman N.R. Narayana Murthy to act as executive chairman for five years. He replaces current chairman K.V. Kamath, who will become lead independent director. Current co-chairman S. Gopalakrishnan will become executive vice chairman, while CEO S.D. Shibulal remains in his position, Infosys said. ... Full Story	Top
DirecTV, two others bid over $1 billion for Hulu: source  Saturday, Jun 01, 2013 05:23 AM PDT By Ronald Grover and Liana B. Baker (Reuters) - Satellite operator DirecTV and two other bidders have offered more than $1 billion apiece to buy Hulu, a source with knowledge of the bidding process said on Friday, increasing the likelihood that owners News Corp and Walt Disney Co will be able to shed the video streaming service they failed to sell in 2011. Hulu board members, who are being advised by Guggenheim Partners on the auction, fielded at least seven buyout offers last week, the source said. ... Full Story	Top
Trade panel delays decision in Apple-Samsung fight  Friday, May 31, 2013 03:44 PM PDT WASHINGTON (Reuters) - The U.S. International Trade Commission, which hears many patent fights, on Friday extended its deadline for ruling on whether Apple Inc infringes patents owned by Samsung Electronics Co Ltd in making the iPod Touch, iPhone and iPad. The ITC had said it would make a decision on Friday but delayed it until Tuesday, June 4. It gave no reason for the extension. An administrative law judge at the ITC had said in a preliminary ruling in September that Apple was innocent of violating the patents. The next step is for the full commission to weigh in. ... Full Story	Top
Yelp open to partnering with Facebook's rival offering: CFO  Friday, May 31, 2013 03:37 PM PDT By Chandni Doulatramani (Reuters) - Consumer review aggregator Yelp Inc, which analysts say could face intense competition from Facebook Inc's "graph search", is open to partnering with the social networking website's latest offering, Yelp's Chief Financial Officer Rob Krolik told Reuters. Facebook, in January, unveiled its graph search feature, available in a beta version, letting users trawl their network of friends to find everything from restaurants to movie recommendations, bringing it into direct competition with Yelp. ... Full Story	Top
Apple joins other foreign brands in raising prices in Japan  Friday, May 31, 2013 01:04 PM PDT TOKYO (Reuters) - Apple Inc raised prices of iPads and iPods in Japan on Friday, becoming the highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes profit. Some U.S. companies have inoculated themselves at least temporarily against the yen's fall through financial hedging instruments, while others are charging customers more. The yen has fallen more than 20 percent against the U.S. ... Full Story	Top

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