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| Alvarion says Silicon Valley Bank seeks receiver for loan Thursday, Jul 11, 2013 12:14 PM PDT JERUSALEM (Reuters) - Israeli wireless broadband technology firm Alvarion Ltd said Silicon Valley Bank had requested a Tel Aviv court to enforce liens and appoint a receiver to collect a loan issued to the company. US-listed shares of the company fell 54 percent to 48 cents. Trading in the company's Tel Aviv-listed shares were halted earlier after Israeli newspapers reported that the bank had sought a receiver for Alvarion over a $3 million debt that the bank says the company cannot repay. ... Full Story | Top |
| French lawsuit targets NSA, FBI, tech firms over Prism Thursday, Jul 11, 2013 11:53 AM PDT  By Natalie Huet PARIS (Reuters) - Two French human rights groups filed a legal complaint on Thursday targeting the U.S. National Security Agency, the FBI and seven technology companies they say may have helped the United States snoop on French citizens' emails and phone calls. The complaint, which denounces U.S. spying methods revealed by former intelligence contractor Edward Snowden, is filed against "persons unknown" but names Microsoft, Yahoo, Google, Paltalk, Facebook, AOL and Apple as "potential accomplices" of the NSA and FBI. ... Full Story | Top |
| Factbox: The faces behind Microsoft's re-organization Thursday, Jul 11, 2013 11:50 AM PDT By Alexei Oreskovic SAN FRANCISCO (Reuters) - The reorganization Microsoft Corp announced on Thursday represents the most sweeping re-structuring of the world's largest software company since 2008, designed to better align Microsoft's operations with Chief Executive Steve Ballmer's stated goal of becoming a "devices and services" company. Microsoft's stronghold providing software for PCs is under threat as consumers and corporations increasingly turn to mobile devices, such as smartphones and tablets, and to Web-based software. ... Full Story | Top |
| Microsoft revamp unifies Windows for mobile era Thursday, Jul 11, 2013 11:50 AM PDT  By Alexei Oreskovic (Reuters) - Microsoft Corp launched its biggest internal restructuring in five years to unify development of its products including Windows, across an increasingly wide spectrum of ways to use them, from mobile devices to the cloud. The company is trying to address a lack of coordination and spark innovation within the $74 billion annual revenue, 98,000-employee organization. The flagship Windows operating system, developed separately for PCs and mobile devices, will now be folded into one group, for instance. ... Full Story | Top |
| New Russian video game takes aim at punk band riot Thursday, Jul 11, 2013 11:48 AM PDT By Thomas Grove MOSCOW (Reuters) - A Russian Orthodox youth group unveiled a video game on Thursday that gives players a chance to "kill" members of the punk band Pussy Riot, whose profanity-laden protest in a Moscow cathedral last year angered the church and offended some believers. Two women from Pussy Riot are serving two-year jail sentences for hooliganism motivated by religious hatred for the "punk protest", which the head of the Russian Orthodox Church has called part of a campaign to curb its post-Soviet revival. ... Full Story | Top |
| Nokia pins recovery hopes on advanced camera smartphone Thursday, Jul 11, 2013 11:45 AM PDT  By Sinead Carew and Ritsuko Ando NEW YORK/HELSINKI (Reuters) - Nokia on Thursday introduced a new smartphone, the Lumia 1020, with a powerful 41-megapixel camera in its latest bid to catch up with rivals Samsung Electronics Co Ltd and Apple Inc. Tech bloggers responded enthusiastically, saying the camera quality was the highest in the market. But analysts questioned whether it was enough to help Nokia, suffering a fall in cash reserves after years of poor sales, survive. ... Full Story | Top |
| Amazon shares hit another record on strong sales data Thursday, Jul 11, 2013 10:29 AM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc shares hit another record on Thursday after e-commerce firm ChannelAdvisor Corp released strong online sales data. ChannelAdvisor reported that client sales on Amazon.com jumped 30.6 percent in June, compared with the same month last year. That year-over-year growth rate was up from May's rate of 25.8 percent. "The 30.6 percent reading for June was above our expectations," said Shawn Milne, an analyst at Janney Capital Markets, who was expecting growth of 20 percent to 25 percent. ... Full Story | Top |
| Bidders line up for Siemens postal machines unit: sources Thursday, Jul 11, 2013 08:13 AM PDT  By Arno Schuetze FRANKFURT (Reuters) - Germany's Siemens has received tentative offers for the postal automation and baggage-handling division being sold in its effort to streamline operations and shed non-core assets, two sources familiar with the transaction said. The postal operation, which counts the U.S. Postal Service and Deutsche Post among its customers, has benefited from the growing number of consumers shifting to internet shopping. The baggage-handling side of the business makes both software to track luggage and mechanical equipment such as conveyor belts. ... Full Story | Top |
| EU court backs Austria in Amazon row over levies Thursday, Jul 11, 2013 03:26 AM PDT  By Michael Shields VIENNA (Reuters) - EU countries can under some circumstances collect a levy on blank recording media as a tool to ensure artists get fair rewards for their work, a levy that Amazon.com Inc had fought, the European Court of Justice ruled on Thursday. The case arose from an Austrian copyright collection agency's attempt to bill Amazon nearly 1.9 million euros ($2.4 million) for blank media such as cassette tapes, CDs, memory cards and MP3 players sold in Austria in the first half of 2004. ... Full Story | Top |
| Ofcom calls for cuts to BT's copper wire wholesale prices Thursday, Jul 11, 2013 02:15 AM PDT  LONDON (Reuters) - Britain's telecoms regulator said BT Group Plc should cut the prices it charges rival operators to access its network of copper wires, saying it wanted to increase competition in the provision of landline and broadband services. Regulator Ofcom said its proposals could lead to real-term price reductions for consumers, if providers such as Talk Talk and Sky pass on the cuts to their telephone and broadband customers. ... Full Story | Top |
| Hackers ask Feds to stay away from convention to defuse tension over Snowden Wednesday, Jul 10, 2013 11:25 PM PDT  By Jim Finkle BOSTON (Reuters) - The annual Def Con hacking convention has asked the federal government to stay away this year for the first time in its 21-year history, saying Edward Snowden's revelations have made some in the community uncomfortable about having feds there. "It would be best for everyone involved if the Feds call a 'time-out' and not attend Def Con this year," Def Con founder Jeff Moss said in an announcement posted Wednesday night on the convention's website. ... Full Story | Top |
| Tired of helping the CIA? Quit Facebook, Venezuela minister urges Wednesday, Jul 10, 2013 05:30 PM PDT  CARACAS (Reuters) - A Venezuelan government minister on Wednesday urged citizens to shut Facebook accounts to avoid being unwitting informants for the U.S. Central Intelligence Agency, referring to recent revelations about U.S. surveillance programs. Edward Snowden, a former U.S. National Security Agency contractor who is stuck in a Moscow airport while seeking to avoid capture by the United States, last month leaked details about American intelligence agencies obtaining information from popular websites including Facebook. ... Full Story | Top |
| T-Mobile US to allow phone upgrades every six months Wednesday, Jul 10, 2013 04:27 PM PDT  By Sinead Carew NEW YORK (Reuters) - T-Mobile US Inc said on Wednesday that customers will be allowed to upgrade phones every six months and it unveiled a family plan for prepaid customers that it hopes will lure customers away from its three bigger rivals. Verizon Wireless, AT&T Inc and Sprint Nextel Corp offer phone discounts in exchange for tying customers to two year contracts and typically do not allow phone upgrades during that period. ... Full Story | Top |
| Apple colluded on e-book prices, judge finds Wednesday, Jul 10, 2013 03:03 PM PDT  By Nate Raymond and Jonathan Stempel NEW YORK (Reuters) - In a sweeping rejection of Apple Inc's strategy for selling electronic books on the Internet, a federal judge ruled that the company conspired with five major publishers to raise e-book prices. U.S. District Judge Denise Cote in Manhattan found "compelling evidence" that Apple violated federal antitrust law by playing a "central role" in a conspiracy with the publishers to eliminate retail price competition and raise e-book prices. Wednesday's decision could expose Apple to substantial damages. It is a victory for the U.S. ... Full Story | Top |
| Global PC market shrank 11 percent in second quarter Wednesday, Jul 10, 2013 02:06 PM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - Global shipments of personal computers slumped 10.9 percent in the second quarter, the fifth straight quarterly decline in a market that has been devastated by the popularity of tablets, research firm Gartner said on Wednesday. Marking the longest decline in the PC industry's history, Hewlett-Packard in the June quarter lost ground to Lenovo, now the world's leading personal computer maker with a market share of 16.7 percent. ... Full Story | Top |
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