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| Icahn opposes voting rule change proposed by Dell founder Monday, Jul 29, 2013 04:54 AM PDT  (Reuters) - Activist investor Carl Icahn urged Dell Inc's special committee to not change voting rules, as proposed by the company's founder Michael Dell, which would make it easier for a CEO-led group to take the personal computer maker private. The CEO and partner Silver Lake last week raised their $24.4 billion bid by less than 1 percent hours before it was to be put to a vote, and added on a controversial demand to change voting rules to make it easier for his group to take the company private. Icahn, who has amassed an 8. ... Full Story | Top |
| In new apps, hand gestures control the action Monday, Jul 29, 2013 02:01 AM PDT By Natasha Baker TORONTO (Reuters) - Like waving a wand, new apps are bringing a bit of magic to computers, enabling users to zoom, pan and control the action with hand gestures. A new app store called Airspace, launched by San Francisco-based company Leap Motion last week, has 75 apps that are all controlled with the wave of the hand. "Right now in front of your computer, there's dead space. You're only using your desktop, where your keyboard and mouse rest, and the surface of your monitor," said Michael Zagorsek, vice president of product marketing for Leap Motion. ... Full Story | Top |
| Siemens CEO to fight for his job: paper Monday, Jul 29, 2013 01:54 AM PDT  FRANKFURT (Reuters) - Siemens Chief Executive Peter Loescher plans a probably doomed fight for his job at Wednesday's supervisory board meeting, a German newspaper said, after the German industrial group said at the weekend it would sack him. Pressure had been mounting on Loescher after he repeatedly misjudged demand development in the group's main markets, and last week appeared to provide the final straw when Siemens scrapped its 2014 profit margin targets. ... Full Story | Top |
| IBM to receive 21 million euros state-aid for Romania investment: report Monday, Jul 29, 2013 12:24 AM PDT  BUCHAREST (Reuters) - IBM, the world's largest technology services company, will receive 21 million euros ($27.86 million) state-aid from the Romanian government for investment that will generate 900 jobs, daily Ziarul Financiar reported on Monday. "IBM Romania will receive 21 million euros to develop an information technology consultancy project in Bucharest and Brasov," the finance ministry said. Under Romanian law, state aid is given for large investments that create new jobs. The investment project is worth a total 51.2 million euros. (Reporting by Ioana Patran; Editing by Luiza Ilie) Full Story | Top |
| Apple-supplier Pegatron violates China workers' rights: China Labor Watch Monday, Jul 29, 2013 12:21 AM PDT  By Paul Carsten BEIJING (Reuters) - Pegatron Corp, a Taiwanese company that makes Apple Inc products, is violating workers' rights at its Chinese factories in Shanghai and Suzhou, New York-based rights group China Labor Watch said in a report on Monday. Pegatron, which assembles iPads and iPhones at its China factories, is forcing employees to work unpaid overtime in poor working and living conditions, among other violations of Chinese regulations, China Labor Watch said. ... Full Story | Top |
| Amazon unveils new hiring spree ahead of Obama visit Sunday, Jul 28, 2013 09:03 PM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc unveiled a new hiring spree on Monday ahead of a visit by President Barack Obama to one of the Internet retailer's giant distribution warehouses this week. Amazon said it is looking to fill more than 5,000 new full-time jobs at 17 of its fulfillment centers across the United States. That's roughly a 25 percent increase in full-time fulfillment center staff, which currently number more than 20,000 in the country. ... Full Story | Top |
| Apple's Mansfield no longer in exec team, moves to special projects Sunday, Jul 28, 2013 08:59 PM PDT  (Reuters) - Apple Inc said on Sunday it will shift Bob Mansfield, senior vice president of technologies, out of its executive team to work on special projects. Mansfield, who has led the development of a number of Apple devices including the popular MacBook Air laptop, had at one stage announced his plan to retire last year as head of hardware engineering but stayed on to lead Apple's semiconductor and wireless teams. Mansfield is the latest addition to Chief Executive Tim Cook's "special projects" team. ... Full Story | Top |
| India's Wipro shares rally on dollar revenue guidance Sunday, Jul 28, 2013 08:57 PM PDT  MUMBAI (Reuters) - India's Wipro Ltd shares surged as much as 5.9 percent on Monday, after the software services exporter issued dollar revenue guidance that was above estimates. Wipro said on Friday it expects revenue from IT services business for the current quarter that ends September 30 to range between $1.62 billion and $1.65 billion, a sequential increase of 2 percent to 3.9 percent. Most analysts were expecting the company to say sales in the current quarter would rise 1-3 percent. Wipro does not give an annual forecast. ... Full Story | Top |
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