Technology News

UK "snoopers charter" pits privacy against security

By Michael Holden and Kate Holton LONDON | Tue Mar 26, 2013 6:51am EDT LONDON (Reuters) - At the height of an investigation into a group of Islamists plotting al Qaeda-inspired bomb attacks across Britain in 2004, British spies analyzed more than 4,000 telephone contacts to build up a picture of what they were planning and with whom. The security services say the in...

26 Mar 10:51 AM 0 Read More...

Deadline for Hon Hai to invest in Sharp lapses with no deal

TOKYO | Tue Mar 26, 2013 4:28am EDT TOKYO (Reuters) - The deadline for Hon Hai Precision Industry Co to buy a stake in Sharp Corp lapsed Tuesday without any deal, ending an agreement forged last year that would have made the Taiwanese firm the No.1 shareholder in the Japanese TV maker. Talks for Hon Hai to purchase as much as a 9.9 percent stake stalled after Sharp balked a...

26 Mar 8:28 AM 0 Read More...

Japan's NEC to sell mobile unit for 70-80 billion yen: sources

TOKYO | Tue Mar 26, 2013 1:56am EDT TOKYO (Reuters) - Japan's NEC Corp will sell its mobile services subsidiary NEC Mobiling Ltd for 70 to 80 billion yen ($742 million - $848 million), sources said on Tuesday, as the company sheds non-core assets after two years of losses. Marubeni Corp's telecommunications unit and TD Mobile are vying for the 51 percent stake NEC Corp is p...

26 Mar 5:56 AM 0 Read More...

T-Mobile USA kicks off service pricing without phone subsidies

NEW YORK | Mon Mar 25, 2013 8:00pm EDT NEW YORK (Reuters) - T-Mobile USA is ditching phone subsidies under a new set of service plans, hoping to differentiate its offerings from bigger rivals by promising customers more flexibility. The No. 4 U.S. mobile network operator, owned by Deutsche Telekom, hopes to regain ground after heavy customer losses to rivals such as Verizon...

26 Mar 12:00 AM 0 Read More...

Baidu, China win dismissal of U.S. censorship lawsuit

By Jonathan Stempel Mon Mar 25, 2013 7:32pm EDT (Reuters) - Baidu Inc on Monday won the dismissal of a U.S. lawsuit brought by pro-democracy activists who claimed that China's largest search engine operator, as well as the country itself, should be punished for censoring them over the Internet. U.S. District Judge Jesse Furman in Manhattan said dismissal was proper because t...

25 Mar 11:32 PM 0 Read More...

Wall Street worries about PayPal's real-world expansion

By Alistair Barr SAN FRANCISCO | Mon Mar 25, 2013 7:25pm EDT SAN FRANCISCO (Reuters) - Wall Street is having second thoughts about following PayPal from its online roots into the physical world. PayPal, a leader online, launched a push in 2011 to become a payment option in brick-and-mortar stores. The move increases PayPal's potential market by a factor of at least ...

25 Mar 11:25 PM 0 Read More...

Icahn opens door to Blackstone tie-up on Dell bid

By Greg Roumeliotis and Soyoung Kim Mon Mar 25, 2013 6:21pm EDT (Reuters) - Two of the most prominent U.S. investors could upset Michael Dell's $24.4 billion buyout bid for Dell Inc, after billionaire Carl Icahn opened the door to an alliance with Blackstone Group to wrest control of the computer maker from its founder. Icahn said on Monday he has started preliminary talks w...

25 Mar 10:21 PM 0 Read More...

Dell suitors talk tie-ups as board lets in Icahn, Blackstone

By Greg Roumeliotis and Soyoung Kim Mon Mar 25, 2013 3:57pm EDT (Reuters) - A frenzy of backroom negotiations was poised to begin on Monday after Dell Inc invited billionaire investor Carl Icahn and Blackstone Group to make firm takeover offers, potentially turning an existing $24.4 billion take-private deal into a starting bid for the No. 3 PC maker. There were signs of beh...

25 Mar 7:57 PM 0 Read More...

U.S. approves Nasdaq payback plan for Facebook IPO, UBS unhappy

By John McCrank and Jennifer Saba Mon Mar 25, 2013 3:47pm EDT (Reuters) - Regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc's glitch-ridden market debut, a victory for the exchange operator that also set the stage for potential lawsuits from firms seeking more. The Nasdaq plan will give retail market makers far le...

25 Mar 7:47 PM 0 Read More...

Yahoo acquires mobile news start-up Summly

By Alexei Oreskovic and Paul Sandle SAN FRANCISCO/LONDON | Mon Mar 25, 2013 2:49pm EDT SAN FRANCISCO/LONDON (Reuters) - Yahoo Inc has snapped up mobile news aggregator Summly, the latest in a string of small acquisitions intended to bolster the Web portal's mobile services. Summly, founded by 17-year-old Nick D'Aloisio two years ago from his home in London, sorts ne...

25 Mar 6:49 PM 0 Read More...