Technology News

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...

At trial, it's Samsung's turn to say Apple copied

By Dan Levine SAN JOSE, California | Tue Aug 14, 2012 2:29pm EDT SAN JOSE, California (Reuters) - A Samsung Electronics Co Ltd expert witness testified on Tuesday that Apple Inc's iPhone and iPad violate three of Samsung's patents, as the South Korean electronics company went on offense in the third week of a high stakes trial. Dr. Woodward Yang, an electrical engin...

14 Aug 6:29 PM 0 Read More...

Court lets Google appeal digital books class status

By Jonathan Stempel Tue Aug 14, 2012 11:39am EDT (Reuters) - Google Inc has won the right to appeal the granting of class status to thousands of authors suing the search engine company over its ambitious plan to create the world's largest digital books library. In a brief order, the 2nd U.S. Circuit Court of Appeals in Ne...

14 Aug 3:39 PM 0 Read More...

Foxconn to invest $5-10 billion in Indonesian plant: Trade Minister

JAKARTA | Tue Aug 14, 2012 8:41am EDT JAKARTA (Reuters) - Foxconn Technology Group is to set up an operation in Indonesia with plans to invest $5-10 billion over five to 10 years and starting with the assembly and production of 3 million handsets per year, Indonesia's Trade Minister Gita Wirjawan told reporters on Tuesday. The first investment will start in October and in p...

14 Aug 12:41 PM 0 Read More...

Apple expert shines light on Samsung sales in U.S.

By Dan Levine and Edwin Chan SAN JOSE | Mon Aug 13, 2012 3:33pm EDT SAN JOSE (Reuters) - Apple Inc is claiming that more than a quarter of Samsung Electronics' $30.4 billion in U.S. smartphone and tablet sales result from copying of the iPhone and iPad or infringe on other patents, a damages expert for the U.S. company said on Monday. The Silicon Valley company is d...

13 Aug 7:33 PM 0 Read More...

Google to cut 4,000 Motorola Mobility jobs, shares rise

By Sayantani Ghosh Mon Aug 13, 2012 1:45pm EDT (Reuters) - Google Inc will slash 20 percent of the workforce of Motorola Mobility in the Internet search giant's largest job cuts ever as it moves to make more smartphones and fewer simple mobiles. The news sent Google's shares up as much as 2 percent but analysts said it was unclear if the cuts were enough to restore the fortu...

13 Aug 5:45 PM 0 Read More...

Apple has licensed design patents to Microsoft: executive

By Dan Levine and Edwin Chan SAN JOSE | Mon Aug 13, 2012 12:51pm EDT SAN JOSE (Reuters) - Apple Inc licensed its prized design patents to Microsoft Corp but with an "anti-cloning agreement" to prevent copying of its iPhone and iPad, an Apple executive said on Monday. The testimony from Apple patent licensing director Boris Teksler came in one of the most closely wat...

13 Aug 4:51 PM 0 Read More...

Google to cut 4,000 Motorola Mobility jobs, take $275 million charge

Mon Aug 13, 2012 11:38am EDT (Reuters) - Google Inc said it would cut 20 percent of the workforce of Motorola Mobility, the money-losing cellphone maker it bought for $12.5 billion last year, and shut nearly a third of Motorola's offices worldwide. The news sent Google's shares up as much as 1.5 percent and Morgan Stanley also upgraded the company to "overweight".Motorola Mobility h...

13 Aug 3:38 PM 0 Read More...