Technology News

Sina ad revenue rises 12 percent in second-quarter

SAN FRANCISCO | Wed Aug 15, 2012 7:36pm EDT SAN FRANCISCO (Reuters) - Chinese Internet company Sina Corp reported a 12 percent increase in advertising revenue in the second quarter and grew its profit due to a gain from an equity investment. Shares of Sina were up 4.5 percent at $53.20 after hours on Wednesday.Sina, which makes most of its revenue from online advertising, h...

15 Aug 11:36 PM 0 Read More...

Judge urges Apple, Samsung to settle before verdict

By Dan Levine SAN JOSE, California | Wed Aug 15, 2012 7:16pm EDT SAN JOSE, California (Reuters) - A U.S. judge asked that the chief executives of Apple Inc and Samsung Electronics Co Ltd speak to each other at least once on the phone before a jury begins deliberating next week in the high-stakes patent trial between the two tech companies. "It's time for peace," U.S...

15 Aug 11:16 PM 0 Read More...

Nokia fuels hopes of phone launch ahead of Apple

By Balazs Koranyi and Sinead Carew OSLO/NEW YORK | Wed Aug 15, 2012 5:40pm EDT OSLO/NEW YORK (Reuters) - Mobile phone maker Nokia Oyj said on Wednesday it will hold a joint media event with Microsoft Corp in New York on September 5, boosting hopes that it will unveil its long-awaited Windows smartphone upgrade before rival Apple Inc rolls out its next iPhone. The Fi...

15 Aug 9:40 PM 0 Read More...

Cheap and cheerful, Chinese phones outsmart Apple

By Melanie Lee SHANGHAI | Wed Aug 15, 2012 5:17pm EDT SHANGHAI (Reuters) - In China's booming smartphone market, which is set this year to overtake the United States as the world's largest, a host of little-known local firms are primed with cheap phones to squeeze market share from U.S. giant Apple Inc's iPhone. In the latest local challenge to the iPhone, Xiaomi Te...

15 Aug 9:17 PM 0 Read More...

Cisco raises dividend, 4th quarter results beat Street

Wed Aug 15, 2012 4:38pm EDT (Reuters) - Cisco Systems Inc raised its dividend as it reported quarterly revenue and earnings that beat estimates, thanks to cost savings and an ongoing restructuring program. "I'm pleased we are increasing our quarterly dividend for the first quarter of fiscal 2013 by 75 percent to $0.14 per share," Chief Financial Officer Frank Calderoni said in a sta...

15 Aug 8:38 PM 0 Read More...

Big retailers team up on mobile payments plan

Wed Aug 15, 2012 4:06pm EDT (Reuters) - A group of big retailers that includes Wal-Mart Stores Inc, Target Corp and Japan's 7-Eleven is developing a mobile payment network, adding to the proliferation of options that let consumers pay with smartphones. The system, known as Merchant Customer Exchange, is a retailer-led initiative that would match similar services from Google Inc, whi...

15 Aug 8:06 PM 0 Read More...

Analysis: Facebook insider lockup ending, share impact seen muted

By Doris Frankel Wed Aug 15, 2012 4:01pm EDT (Reuters) - A deluge of Facebook shares are set to hit the market Thursday as a lockup period preventing some insider sales comes to an end, but this may not trigger more pain for an already battered stock. The largest social media network went public in May in one of the most anticipated initial public offerings in years, with an...

15 Aug 8:01 PM 0 Read More...

Judge urges Apple and Samsung to settle ahead of verdict

By Dan Levine SAN JOSE, California | Wed Aug 15, 2012 12:42pm EDT SAN JOSE, California (Reuters) - A U.S. judge asked that the chief executives of Apple Inc and Samsung Electronics Co Ltd speak to each other at least once on the phone before a jury begins deliberating next week in the high-stakes patent trial between the two tech giants. "It's time for peace," U.S. ...

15 Aug 4:42 PM 0 Read More...

Reuters blogging platform hacked, false Saudi blog posted

DUBAI | Wed Aug 15, 2012 8:25am EDT DUBAI (Reuters) - The blogging platform of the Reuters News website was hacked on Wednesday and a false posting saying Saudi Arabia's Foreign Minister Prince Saud al-Faisal had died was illegally posted on a Reuters journalist's blog, the company said. Reuters News did not report the f...

15 Aug 12:25 PM 0 Read More...

Nokia promises new Windows phone coming soon

OSLO | Wed Aug 15, 2012 5:44am EDT OSLO (Reuters) - Nokia Chief Executive Stephen Elop promised to unveil a new smartphone using Microsoft's latest Windows 8 software soon, raising the prospect it will be launched in early September before rival Apple promotes its new iPhone. The Finnish company, which is fighting for survival after losing out to rivals in the lucrative sma...

15 Aug 9:44 AM 0 Read More...