Technology News

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...

Nokia to stick with Windows and plans new launch-CEO

OSLO | Wed Aug 15, 2012 4:13am EDT OSLO (Reuters) - Struggling cellphone maker Nokia has no plans to abandon its Windows platform for smartphones and will launch its new Windows Phone 8 device soon, Chief Executive Stephen Elop said on Tuesday. "In today's war ... (between) Android, Apple and Windows, we are very clear, ...

15 Aug 8:13 AM 0 Read More...

Big retailers to take to mobile payments: WSJ

Wed Aug 15, 2012 2:40am EDT (Reuters) - Big retailers such as Wal-Mart Stores, Target Corp and Japan's 7-Eleven are planning to develop a mobile payment network, the Wall Street Journal reported, citing people involved in the initiative. The Merchant Customers Exchange (MCX) is an initiative taken by these retailers to match similar services from Google, which began operating it las...

15 Aug 6:40 AM 0 Read More...

Who needs a license? Self-driving cars coming our way

By Ben Klayman DETROIT | Wed Aug 15, 2012 1:10am EDT DETROIT (Reuters) - It's been more than half a century since some of the first concept cars boasting self-driving features were presented to the world and they're still not on the roads. But many auto executives say the industry is on the cusp of welcoming vehicles that make the idea of keeping both hands on the w...

15 Aug 5:10 AM 0 Read More...

Groupon tumult turns up the pressure on Mason

By Alistair Barr SAN FRANCISCO | Tue Aug 14, 2012 8:26pm EDT SAN FRANCISCO (Reuters) - Groupon Inc's latest financial results raise new questions about the daily deals company's business model and whether Chief Executive Andrew Mason is the right person to fix it. The company missed second-quarter revenue expectations on Monday for the second time in three quarters ...

15 Aug 12:26 AM 0 Read More...

Groupon sheds quarter of its value as Street questions biz

By Sayantani Ghosh Tue Aug 14, 2012 2:59pm EDT (Reuters) - Groupon Inc lost more than a quarter of its value as its shares sank to a record low on Tuesday, after dismal results drove more investors away from the once-red-hot company and raised questions about its main business. The daily deals purveyor founded by quirky music graduate Andrew Mason, this year joined fellow re...

14 Aug 6:59 PM 0 Read More...