Technology News

U.S. to allow expanded electronic device use on flights

WASHINGTON | Thu Oct 31, 2013 11:41am EDT WASHINGTON (Reuters) - The U.S. Federal Aviation Administration (FAA) said on Thursday it will allow airlines to expand the use of portable electronic devices in flight to include smartphones, tablets and e-readers, ending a long-standing ban. "Most commercial airlines can tolerate radio interference from portable electronic devices...

31 Oct 3:41 PM 0 Read More...

Facebook shares back on roller-coaster, but analysts see value

Thu Oct 31, 2013 10:16am EDT (Reuters) - More than a dozen brokerages increased their price targets on Facebook Inc shares on Thursday. Investors ignored them.Facebook's shares fell 3 percent to $47.45 at the opening, resuming the roller-coaster ride they have been on since the No. 1 social network released results on Wednesday.Faceboo...

31 Oct 2:16 PM 0 Read More...

Canada court allows Microsoft suit to proceed, says no on ADM

OTTAWA | Thu Oct 31, 2013 10:14am EDT OTTAWA (Reuters) - Consumers may join a class action lawsuit against Microsoft Corp over alleged unfair pricing, the Supreme Court of Canada ruled on Thursday. But the high court refused to allow a class action to proceed against Archer Daniels Midland Co and Cargill Inc over alleged price-fixing on high-fructose corn syrup.The Supreme ...

31 Oct 2:14 PM 0 Read More...

Hon Hai says to focus on content creation to drive value

KAOHSIUNG | Thu Oct 31, 2013 8:44am EDT KAOHSIUNG (Reuters) - The world's largest electronics assembler Hon Hai Precision Industry said on Thursday it will turn new software development centers in southern Taiwan into a data and cloud power base to focus on content creation. It is Hon Hai's latest effort to climb up the value business chain, after winning local 4G licenses ...

31 Oct 12:44 PM 0 Read More...
31 Oct 11:41 AM 0 Read More...

Sony slashes profit outlook with TV business back in red

TOKYO | Thu Oct 31, 2013 5:23am EDT TOKYO (Reuters) - Sony Corp cut its full-year profit targets after slipping to a quarterly net loss as its recovering TV operation relapsed into the red. The Japanese electronics maker's worse-than-expected performance, a setback after years of striving to return to its former glories,...

31 Oct 9:23 AM 0 Read More...

Sharp swings to first quarterly profit in two years, helped by weak yen

TOKYO | Thu Oct 31, 2013 3:33am EDT TOKYO (Reuters) - Japan's Sharp Corp reported its first quarterly net profit in two years, beating estimates, as the weaker yen and revived demand for solar cells and display panels boosted the consumer electronics maker's turnaround drive. Sharp, a supplier of panels for Apple Inc's iPhone, said on Thursday it made a net profit of 13.6 b...

31 Oct 7:33 AM 0 Read More...

Alcatel revenues lifted by U.S. as cost cuts start

By Leila Abboud PARIS | Thu Oct 31, 2013 3:06am EDT PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent posted higher revenues in the third quarter helped by double-digit growth in the highly profitable U.S. market as it raced to cut costs to try to end six straight quarters of losses. Alcatel-Lucent Chief Executive Michel Combes, who took the helm in April aft...

31 Oct 7:06 AM 0 Read More...

Twitter roadshow: less exuberance, more 'nuts and bolts'

By Olivia Oran and Nicola Leske NEW YORK | Wed Oct 30, 2013 7:09pm EDT NEW YORK (Reuters) - During the roadshow leading up to Facebook Inc's initial public offering a year-and-a-half ago, New York's institutional investors were greeted by snaking queues, beefed up police presence, and a media feeding frenzy. By those standards, Silicon Valley put forward a much more...

30 Oct 11:09 PM 0 Read More...

Expedia quarterly profit beats; shares soar

By Mridhula Raghavan Wed Oct 30, 2013 7:08pm EDT (Reuters) - Online travel agency Expedia Inc reported a third-quarter profit that beat Wall Street estimates and said business referrals from review site TripAdvisor Inc. have improved, sending its shares up 18 percent in extended trading. Online travel agencies such as Exp...

30 Oct 11:08 PM 0 Read More...