Technology News

Microsoft pushes U.S. Customs to enforce phone import ban

WASHINGTON | Fri Jul 12, 2013 5:15pm EDT WASHINGTON (Reuters) - Microsoft Corp, which won a ban last year on importing some phones made by a Google Inc subsidiary, filed a motion in a U.S. court on Friday asking the U.S. Bureau of Customs and Border Protection to enforce the measure. The U.S. International Trade Commissi...

12 Jul 9:15 PM 0 Read More...

Preview: Nokia's buyout chances in focus ahead of results

By Ritsuko Ando HELSINKI | Fri Jul 12, 2013 12:06pm EDT HELSINKI (Reuters) - Next week could be crunch time for Nokia Oyj and its Chief Executive Stephen Elop in their battle to prove the Finnish mobile phone company can survive on its own. Investors will be scrutinizing second-quarter results to see whether there's enough cash to stay with a turnaround plan which E...

12 Jul 4:06 PM 0 Read More...

Amazon criticized over low German tax bill

By Tom Bergin LONDON | Fri Jul 12, 2013 10:07am EDT LONDON (Reuters) - Amazon.com Inc's main German unit paid income tax of just 3 million euros in 2012 after the group channeled sales to German clients of $8.7 billion via Luxembourg units, prompting one lawmaker to call for an investigation of the company. Accounts for Amazon.de GmbH filed with Germany's companies ...

12 Jul 2:07 PM 0 Read More...

Icahn sweetens bid for Dell by adding warrants

Fri Jul 12, 2013 9:33am EDT (Reuters) - Billionaire investor Carl Icahn and Southeastern Asset Management Inc sweetened their bid for Dell Inc by adding warrants they say would increase the value of the offer to a range of $15.50 to $18.00 per share from $14.00. Under the new offer, Dell shareholders would get $14.00 per share and a warrant for every four shares held. The warrant wo...

12 Jul 1:33 PM 0 Read More...

Infosys revives pursuit of outsourcing deals, retains revenue target

By Harichandan Arakali BANGALORE | Fri Jul 12, 2013 4:49am EDT BANGALORE (Reuters) - Infosys Ltd hopes a return to aggressively chasing deals, even those with low margins, will help it regain lost market share but cut-throat competition and a possible change in U.S. visa rules may derail its plans. A focus on proprietary software at the expense of IT outsourcing con...

12 Jul 8:49 AM 0 Read More...

Infosys first-quarter net profit up 3.7 percent, meets estimates

Thu Jul 11, 2013 11:28pm EDT (Reuters) - Infosys, India's second-largest software services exporter, posted a 3.7 percent year-on-year increase in its first-quarter net profit, matching estimates, after contract wins and foreign exchange gains boosted earnings. Consolidated net profit for the quarter ended June 30 rose to 23.74 billion rupees from 22.89 billion rupees in the same ye...

12 Jul 3:28 AM 0 Read More...

Level 3 says Global Crossing deal with U.S. did not allow for snooping

Thu Jul 11, 2013 6:38pm EDT (Reuters) - Fiber optic network provider Level 3 Communications Inc said a 2003 network security agreement signed by its unit Global Crossing did not include any provision for unauthorized surveillance by U.S. government agencies. The Washington Post reported last week that the deal allowed Team Telecom, a c...

11 Jul 10:38 PM 0 Read More...

Microsoft aims to power mobile effort in major overhaul

By Alexei Oreskovic SAN FRANCISCO | Thu Jul 11, 2013 6:32pm EDT SAN FRANCISCO (Reuters) - Microsoft Corp launched its biggest internal overhaul in five years to streamline the development of products from Windows to tablets, hoping to catch nimbler rivals in mobile and cloud computing. Lack of coordination and infighting have hurt innovation within the $74 billion r...

11 Jul 10:32 PM 0 Read More...

Hackers convention ask government to stay away over Snowden

By Jim Finkle BOSTON | Thu Jul 11, 2013 4:02pm EDT BOSTON (Reuters) - The annual Def Con hacking convention has asked the U.S. federal government to stay away this year for the first time in its 21-year history, saying Edward Snowden's revelations have made some in the community uncomfortable about its presence. "It would be best for everyone involved if the Feds ca...

11 Jul 8:02 PM 0 Read More...

French lawsuit targets NSA, FBI, tech firms over Prism

By Natalie Huet PARIS | Thu Jul 11, 2013 1:42pm EDT PARIS (Reuters) - Two French human rights groups filed a legal complaint on Thursday targeting the U.S. National Security Agency, the FBI and seven technology companies they say may have helped the United States snoop on French citizens' emails and phone calls. The complaint, which denounces U.S. spying methods rev...

11 Jul 5:42 PM 0 Read More...