Technology News

Harman International raises full-year forecast; shares rise

By Sruthi Ramakrishnan Thu May 2, 2013 11:29am EDT (Reuters) - Audio systems maker Harman International Industries Inc, whose brands include JBL and Harman Kardon, raised its earnings forecast for the year ending June, and said it will shift more jobs to lower-cost countries in the next five years. Shares of the company jumped 14 percent to a year-high of $50.52 in morning t...

02 May 3:29 PM 0 Read More...

Intel elects insider Brian Krzanich as chief executive

NEW YORK | Thu May 2, 2013 10:33am EDT NEW YORK (Reuters) - Intel Corp said on Thursday that its board had elected its Chief Operating Officer Brian Krzanich as the chipmaker's next chief executive, replacing Paul Otellini. Intel shares fell slightly in early trade after the news.Krzanich, who has worked at Intel since 1...

02 May 2:19 PM 0 Read More...

Chipmaker Infineon says auto orders help lift outlook

By Harro Ten Wolde FRANKFURT | Thu May 2, 2013 6:45am EDT FRANKFURT (Reuters) - German chipmaker Infineon brightened its gloomy outlook for this year, citing orders from carmakers hoping sales of higher-spec models in China will offset flagging demand in Europe. The company, whose chips activate airbags, enable cruise control and cut emissions among other functions,...

02 May 10:45 AM 0 Read More...

HTC marketing blitz to squeeze 2013 margins

By Clare Jim TAIPEI | Thu May 2, 2013 6:12am EDT TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp will struggle to improve its margins this year as it increases marketing spend for its latest model in a bid to catch up to rivals Samsung Electronics Co Ltd and Apple Inc. HTC on Thursday forecast strong sales of its flagship HTC One smartphone to lift second-qua...

02 May 10:12 AM 0 Read More...

Google, other investors put $125 million into Lending Club

SAN FRANCISCO | Thu May 2, 2013 6:08am EDT SAN FRANCISCO (Reuters) - Investors including Google Inc are putting $125 million into Lending Club, a service that matches people seeking loans with people willing to make them, Lending Club said. The cash is going to existing venture investors rather than into the company in a financing structure known as a secondary transaction,...

02 May 10:08 AM 0 Read More...

Siemens curbs outlook on weak industry demand

By Maria Sheahan FRANKFURT | Thu May 2, 2013 3:20am EDT FRANKFURT (Reuters) - German industrial bellwether Siemens AG took a more pessimistic stance on the rest of the year as industry demand remained weak and project charges weighed on quarterly earnings. Siemens, which makes products ranging from fast trains and gas turbines to hearing aids, is heavily exposed to ...

02 May 7:20 AM 0 Read More...

HTC expects second-quarter revenue to jump 63.6 percent

TAIPEI | Thu May 2, 2013 3:05am EDT TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp expects revenue to jump 63.6 percent in the second quarter compared to the previous three months, in line with analysts forecast, boosted by strong demand for its latest flagship model, the HTC One. HTC, struggling to compete against dominant smartphone makers Samsung Electronics Co L...

02 May 7:05 AM 0 Read More...

Lehman Brothers sues Intel over $1 billion in seized collateral

Thu May 2, 2013 1:36am EDT (Reuters) - Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed. Under the swap agreement, executed days before Lehman filed for bankruptcy in 2008, Intel gave $1 billion to a derivatives unit of Lehman Brothers in exchange for 50.5 mi...

02 May 5:36 AM 0 Read More...

Dish chairman asserts U.S. advantage in Sprint bid

NEW YORK | Wed May 1, 2013 11:12pm EDT NEW YORK (Reuters) - Dish Network Corp Chairman Charlie Ergen escalated the war of words with Japan's SoftBank Corp over the future of U.S. mobile company Sprint Nextel Corp, saying Sprint's network needed modernization best performed by English-speaking employees from a U.S. company. In an interview on Wednesday with USA Today, the co...

02 May 3:12 AM 0 Read More...

Pentagon may soon clear use of Apple, Samsung, BlackBerry devices

By David Alexander WASHINGTON | Wed May 1, 2013 7:29pm EDT WASHINGTON (Reuters) - The Pentagon is expected to clear Apple, Samsung and BlackBerry mobile devices for use on Defense Department networks in the next few weeks, part of an effort to ensure the military has access to the latest communications technology, a spokesman said on Wednesday. The decision will set...

01 May 11:29 PM 0 Read More...