Technology News

Wal-Mart, Amex launch prepaid card to better serve shoppers

Mon Oct 8, 2012 9:26am EDT (Reuters) - Wal-Mart Stores Inc and American Express Co have teamed up to provide financial services to customers who often do not have traditional bank accounts by offering a prepaid Bluebird card. The Bluebird will allow for deposits by smartphone and mobile bill paying, with no minimum balance or monthly, annual or overdraft fees, the companies said on ...

08 Oct 1:26 PM 0 Read More...

GM to add 1,500 information tech jobs in Michigan

Mon Oct 8, 2012 9:23am EDT (Reuters) - General Motors Co said on Monday it will create 1,500 jobs at a new software development center in Michigan as part of the U.S. automaker's previously announced plan to shift information technology work back into the company. GM said it will hire the software developers, database experts, analysts and other IT positions over the next four years...

08 Oct 1:23 PM 0 Read More...

Progress Software says CEO to resign, may see revenue slippage

Mon Oct 8, 2012 8:57am EDT (Reuters) - Database management software maker Progress Software Corp said it could see some revenue slippage in the current quarter as a result of the resignation of Chief Executive Jay Bhatt, sending its shares down 8 percent in premarket trading. The company had forecast revenue growth of 1 percent to minus 2 percent for the fourth quarter ending Novemb...

08 Oct 12:57 PM 0 Read More...

Polycom seeks edge over rivals with new videoconferencing product

Mon Oct 8, 2012 8:00am EDT (Reuters) - Polycom, which competes with Cisco in videoconferencing, hopes to move ahead of the pack with its new cloud-based product in a market it says will be worth $12 billion by 2015. Videoconferencing is on the brink of widespread adoption as technology moves from expensive and complex boardroom products to technology that allows video communication ...

08 Oct 12:00 PM 0 Read More...

China's Huawei, ZTE should be kept from U.S.: draft Congress report

By Jim Wolf and Lee Chyen Yee WASHINGTON/HONG KONG | Mon Oct 8, 2012 5:22am EDT WASHINGTON/HONG KONG (Reuters) - China's top telecoms gear makers should be shut out of the U.S. market as potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday. U....

08 Oct 9:22 AM 0 Read More...

China's Huawei, ZTE should be kept from U.S. : draft Congress report

By Jim Wolf WASHINGTON | Sun Oct 7, 2012 11:20pm EDT WASHINGTON (Reuters) - China's top telecommunications gear makers should be shut out of the U.S. market because potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday. U.S. intelligence must s...

08 Oct 3:20 AM 0 Read More...

Shopping or browsing on Main St? India's Big Data firms know

By Harichandan Arakali and Raju Gopalakrishnan BANGALORE | Sun Oct 7, 2012 5:23pm EDT BANGALORE (Reuters) - Shopping in a U.S. department store? Surveillance cameras may be watching, and not because you might be a shoplifter. In minutes, video of which aisles you visited, what products you picked up and put down, what you bought and the displays that caught your fan...

07 Oct 9:23 PM 0 Read More...

Zynga's weak pivot to mobile, loss of casual gamers turns serious

By Malathi Nayak and Gerry Shih SAN FRANCISCO | Sat Oct 6, 2012 2:20am EDT SAN FRANCISCO (Reuters) - Zynga Inc's inexorable decline over the past six months, capped by a sharp reduction in its 2012 outlook on Thursday, has sharpened interest in what Chief Executive Mark Pincus will do next. Wall Street's excitement over a game publisher once counted among the stars ...

06 Oct 6:20 AM 0 Read More...

Amazon pays top dollar to buy Seattle HQ

By Alistair Barr and Ilaina Jonas Fri Oct 5, 2012 7:27pm EDT (Reuters) - Amazon.com Inc said on Friday it will spend over $1 billion to buy its Seattle corporate headquarters in what will be the United States' biggest commercial real estate deal so far this year for a single property. The world's largest Internet retailer plans to buy 11 buildings in the trendy South Lake Un...

05 Oct 11:27 PM 0 Read More...

Amazon to spend $1.16 billion to buy Seattle HQ

By Alistair Barr and Bill Rigby Fri Oct 5, 2012 5:22pm EDT (Reuters) - Amazon.com Inc said on Friday that it will spend more than $1 billion to buy its corporate headquarters in Seattle from Microsoft Corp co-founder Paul Allen's investment firm. The world's largest Internet retailer plans to buy 11 buildings, comprising 1.8 million square feet of corporate office space, for...

05 Oct 9:22 PM 0 Read More...