Technology News

Time Warner Cable raises Internet modem fees for customers

Mon Jul 29, 2013 6:04pm EDT (Reuters) - Time Warner Cable said on Monday it has started notifying customers that it is raising the monthly fees to rent modems from the cable company. Subscribers on Time Warner's Cable's most popular Internet plan began paying $3.95 a month last November to lease a modem. The fee will rise to $5.99 a month starting in the next billing cycle for custo...

29 Jul 10:04 PM 0 Read More...

BMW eases path to EV ownership to gain 'meaningful' sales

By Andreas Cremer and Deepa Seetharaman LONDON/NEW YORK | Mon Jul 29, 2013 5:55pm EDT LONDON/NEW YORK (Reuters) - BMW aims to win a "meaningful" segment of the electric car market with its i-series battery-powered models by offering luxurious styling and packages designed to help owners overcome the traditional hurdles to electric car ownership. Among the incentives...

29 Jul 9:55 PM 0 Read More...

Icahn opposes voting rule change proposed by Dell founder

Mon Jul 29, 2013 7:54am EDT (Reuters) - Activist investor Carl Icahn urged Dell Inc's special committee to not change voting rules, as proposed by the company's founder Michael Dell, which would make it easier for a CEO-led group to take the personal computer maker private. The CEO and partner Silver Lake last week raised their $24.4 b...

29 Jul 11:54 AM 0 Read More...

In new apps, hand gestures control the action

By Natasha Baker TORONTO | Mon Jul 29, 2013 5:01am EDT TORONTO (Reuters) - Like waving a wand, new apps are bringing a bit of magic to computers, enabling users to zoom, pan and control the action with hand gestures. A new app store called Airspace, launched by San Francisco-based company Leap Motion last week, has 75 apps that are all controlled with the wave of th...

29 Jul 9:01 AM 0 Read More...

Siemens CEO to fight for his job: paper

FRANKFURT | Mon Jul 29, 2013 4:54am EDT FRANKFURT (Reuters) - Siemens Chief Executive Peter Loescher plans a probably doomed fight for his job at Wednesday's supervisory board meeting, a German newspaper said, after the German industrial group said at the weekend it would sack him. Pressure had been mounting on Loescher after he repeatedly misjudged demand development in th...

29 Jul 8:54 AM 0 Read More...

Siemens CEO intent on fighting for his job at Wednesday meeting: paper

FRANKFURT | Mon Jul 29, 2013 3:35am EDT FRANKFURT (Reuters) - Siemens Chief Executive Peter Loescher plans to fight for his job at Wednesday's supervisory board meeting, a German newspaper said, despite the German industrial group saying at the weekend that it will sack him. Siemens, Germany's No. 2 company by market value, shocked markets on Thursday when it scrapped its 2...

29 Jul 7:35 AM 0 Read More...

IBM to receive 21 million euros state-aid for Romania investment: report

BUCHAREST | Mon Jul 29, 2013 3:24am EDT BUCHAREST (Reuters) - IBM, the world's largest technology services company, will receive 21 million euros ($27.86 million) state-aid from the Romanian government for investment that will generate 900 jobs, daily Ziarul Financiar reported on Monday. "IBM Romania will receive 21 million euros to develop an information technology consult...

29 Jul 7:24 AM 0 Read More...

Amazon unveils new hiring spree ahead of Obama visit

By Alistair Barr SAN FRANCISCO | Mon Jul 29, 2013 12:03am EDT SAN FRANCISCO (Reuters) - Amazon.com Inc unveiled a new hiring spree on Monday ahead of a visit by President Barack Obama to one of the Internet retailer's giant distribution warehouses this week. Amazon said it is looking to fill more than 5,000 new full-time jobs at 17 of its fulfillment centers across ...

29 Jul 4:03 AM 0 Read More...

Apple's Mansfield no longer in exec team, moves to special projects

Sun Jul 28, 2013 11:59pm EDT (Reuters) - Apple Inc said on Sunday it will shift Bob Mansfield, senior vice president of technologies, out of its executive team to work on special projects. Mansfield, who has led the development of a number of Apple devices including the popular MacBook Air laptop, had at one stage announced his plan to retire last year as head of hardware engineerin...

29 Jul 3:59 AM 0 Read More...

India's Wipro shares rally on dollar revenue guidance

MUMBAI | Sun Jul 28, 2013 11:58pm EDT MUMBAI (Reuters) - India's Wipro Ltd (WIPR.NS) shares surged as much as 5.9 percent on Monday, after the software services exporter issued dollar revenue guidance that was above estimates. Wipro said on Friday it expects revenue from IT services business for the current quarter that ends September 30 to range between $1.62 billion and $...

29 Jul 3:58 AM 0 Read More...