Technology News

Obamacare technology testing slated for September: official

By David Morgan WASHINGTON | Wed Jul 31, 2013 6:16pm EDT WASHINGTON (Reuters) - The Obama administration is preparing to subject the information technology backbone of the new state and federal healthcare exchanges to final "dress rehearsal" testing that could continue until just before the online marketplaces are slated to begin enrollment on October 1. The adminis...

31 Jul 10:16 PM 0 Read More...

As solar panels pile up, China takes axe to polysilicon producers

By Charlie Zhu HONG KONG | Wed Jul 31, 2013 5:07pm EDT HONG KONG (Reuters) - Three quarters of China's solar-grade polysilicon producers face closure as Beijing looks to overhaul a bloated and inefficient industry, resulting in fewer but better companies to compete against Germany's Wacker Chemie AG and South Korea's OCI Co Ltd. The polysilicon sector, which has aro...

31 Jul 9:07 PM 0 Read More...

Ex-NCAA athletes score court victory over EA video games

By Jonathan Stempel Wed Jul 31, 2013 3:32pm EDT (Reuters) - A divided U.S. federal appeals court rejected Electronic Arts Inc's (EA.O) effort to throw out a lawsuit by former collegiate athletes who accused the company of using their images in video games without permission. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said EA's use of the athletes' likenesses in its...

31 Jul 7:32 PM 0 Read More...

Fidelity Contrafund sours on Apple, bolsters Tesla bet

BOSTON | Wed Jul 31, 2013 2:27pm EDT BOSTON (Reuters) - Fidelity Contrafund (FCNTX.O) manager Will Danoff cut his stake in Apple Inc (AAPL.O) 28 percent during the first half of the year, citing the iPhone maker's "slowing growth profile." The star stockpicker remained bullish on Google Inc (GOOG.O) and on Tesla Motors Inc's (TSLA.O) "disruptive technology and superior busi...

31 Jul 6:27 PM 0 Read More...

SEC investigating IBM over cloud revenue

NEW YORK | Wed Jul 31, 2013 12:07pm EDT NEW YORK (Reuters) - U.S. regulators are investigating how International Business Machines Corp reports revenue from its cloud computing business, the company said on Wednesday. IBM said it learned of the investigation, being conducted by the U.S. Securities and Exchange Commission, in May. The company made the disclosure in its quart...

31 Jul 4:07 PM 0 Read More...

Ex-NCAA athletes prevail in lawsuit over EA video games

Wed Jul 31, 2013 12:05pm EDT (Reuters) - A divided U.S. federal appeals court has ruled against Electronic Arts Inc in a lawsuit by former collegiate athletes who accuse the company of using their images in video games without permission. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said EA had no First Amendment defense against former football and basketball players, includ...

31 Jul 4:05 PM 0 Read More...

Dell's buyout teeters as it rules out voting change

By Greg Roumeliotis NEW YORK | Wed Jul 31, 2013 11:07am EDT NEW YORK (Reuters) - Michael Dell and Silver Lake's $24.4 billion bid to take over Dell Inc suffered a blow on Wednesday after the company's special committee rejected their request to change the voting rules in exchange for a sweeter bid. Dell shares fell 3 percent to $12.48, their lowest level since news ...

31 Jul 3:07 PM 0 Read More...

Music streamer Spotify doubles 2012 revenues after expansion

STOCKHOLM | Wed Jul 31, 2013 10:15am EDT STOCKHOLM (Reuters) - Music streaming web service Spotify more than doubled revenues in 2012 to 435 million euros ($577 million) as it expanded to new markets and almost doubled its users, documents showed on Wednesday. The Stockholm-based company, which provides free on-demand mu...

31 Jul 2:15 PM 0 Read More...

Dell buyout consortium sees deal collapsing: source

NEW YORK | Wed Jul 31, 2013 9:35am EDT NEW YORK (Reuters) - Dell Inc CEO Michael Dell and his private equity partner Silver Lake expect their deal to buy the No. 3 PC maker to collapse unless the company's special committee changes how votes on the transaction are counted, a person familiar with the matter said on Wednesday. Earlier on Wednesday, Dell's special committee re...

31 Jul 1:35 PM 0 Read More...

IBM cooperating with SEC on probe of its cloud revenue

NEW YORK | Wed Jul 31, 2013 9:15am EDT NEW YORK (Reuters) - IBM Corp said on Wednesday that it is cooperating with U.S. regulators on an investigation into how it reports revenue from its cloud computing business. Its shares fell 1 percent to $193.89 in pre-market trading.IBM said it learned of the investigation, being conducted by the U.S. Securities and Exchange Commissio...

31 Jul 1:15 PM 0 Read More...