Technology News

HP chairman Lane resigns, Whitworth takes over for now

SAN FRANCISCO | Thu Apr 4, 2013 4:51pm EDT SAN FRANCISCO (Reuters) - Hewlett-Packard Co Chairman Ray Lane, who has come under fire from shareholders for his role in the botched, costly acquisition of British software company Autonomy Plc, has stepped down, the company said on Thursday. The action comes weeks after the Kleiner Perkins managing partner narrowly won reelection...

04 Apr 8:51 PM 0 Read More...

Analysis: Fridman seemingly at war with himself in Tele2 battle

By Megan Davies MOSCOW | Thu Apr 4, 2013 4:35pm EDT MOSCOW (Reuters) - Investors may be puzzled why billionaire Mikhail Fridman seemed to be bidding against himself for a telecoms company that is no longer for sale. Fridman is linked with two bids for the Russian unit of Nordic operator Tele2 - one from his A1 vehicle and the other, at a higher price, from MTS and V...

04 Apr 8:35 PM 0 Read More...

Facebook aims to take centerstage on Android phones

By Gerry Shih MENLO PARK, California | Thu Apr 4, 2013 3:16pm EDT MENLO PARK, California (Reuters) - Facebook Inc unveiled "Home" software on Thursday to place the world's social network front and center on Android smartphones, a move that may divert users from Google Inc services and steal some of its rival's momentum in the fast-growing mobile arena. Its new famil...

04 Apr 7:16 PM 0 Read More...

Exclusive: Deutsche Telekom mulls improved MetroPCS offer - sources

By Sophie Sassard and Philipp Halstrick LONDON/FRANKFURT | Thu Apr 4, 2013 2:14pm EDT LONDON/FRANKFURT (Reuters) - Deutsche Telekom is looking into improving the terms of a proposed merger of its T-Mobile USA unit with MetroPCS Communications as a last resort to win over shareholders ahead of a vote on the deal next week, two people familiar with Deutsche Telekom's ...

04 Apr 6:14 PM 0 Read More...

Facebook showcases "Home" for phones, takes on Google

By Gerry Shih MENLO PARK, California | Thu Apr 4, 2013 2:11pm EDT MENLO PARK, California (Reuters) - Facebook Inc unveiled "Home" software on Thursday to place the world's social network front and center on Android users' smartphones, a move that may divert users from Google Inc services and steal some of i...

04 Apr 6:11 PM 0 Read More...

Telefonica receives $257 million credit line for Blackberry phones

MADRID | Thu Apr 4, 2013 1:27pm EDT MADRID (Reuters) - Telefonica, Europe's biggest telecoms operator by revenue, has received a 200 million euro ($257 million) financing facility from the Canadian export agency to buy BlackBerry smartphones and services. Export Development Canada (EDC) said the credit line to Telefonica would be used to provide BlackBerry products and serv...

04 Apr 5:27 PM 0 Read More...

Vodafone, Deutsche Telekom in new wholesale talks - source

By Kate Holton LONDON | Thu Apr 4, 2013 10:15am EDT LONDON (Reuters) - Vodafone is in talks with Deutsche Telekom on a wholesale deal that would allow the British company to offer its German customers TV over superfast broadband, a person familiar with the situation said. Vodafone, traditionally a mobile-only company which has to rent fixed lines in some markets to ...

04 Apr 2:15 PM 0 Read More...

France Tel, Deutsche Tel line up banks for EE market listing

PARIS | Thu Apr 4, 2013 8:18am EDT PARIS (Reuters) - France Telecom (FTE.PA) has chosen Morgan Stanley and Bank of America Merrill Lynch to advise it on a potential initial public offering of EE, Britain's largest mobile operator, according to a person familiar with the matter. Deutsche Telekom (DTEGn.DE) is expected to hire JP Morgan for the sale, multiple sources from the...

04 Apr 12:18 PM 0 Read More...

PayPal tests merchant financing as Kabbage raises debt

By Alistair Barr SAN FRANCISCO | Wed Apr 3, 2013 11:15am EDT SAN FRANCISCO (Reuters) - EBay Inc's payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company's online marketplaces. PayPal has already tested a financing program for eBay sellers in the UK and it plans similar tests in the U...

03 Apr 3:15 PM 0 Read More...

PayPal tests financing for online sellers as Kabbage raises debt

By Alistair Barr SAN FRANCISCO | Wed Apr 3, 2013 8:34am EDT SAN FRANCISCO (Reuters) - EBay Inc's payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company's online marketplaces. PayPal has already tested a financing program for eBay sellers in the U.K. and it plans similar tests in the ...

03 Apr 12:34 PM 0 Read More...