Technology News

Uber to expand private ride-sharing service in major U.S. cities

By Gerry Shih SAN FRANCISCO | Fri Apr 12, 2013 11:55pm EDT SAN FRANCISCO (Reuters) - At various times in its short life, Uber, a service that allows users to hail black sedans on their smartphones, has been charged with licensing offenses in Toronto, declared illegal in New York, and served with cease-and-desist orders by regulators from California to Massachussetts...

13 Apr 3:55 AM 0 Read More...

Clearwire considering interest payment default as Sprint deal looms

NEW YORK/SAN FRANCISCO | Fri Apr 12, 2013 8:25pm EDT NEW YORK/SAN FRANCISCO (Reuters) - Clearwire Corp is "actively considering" defaulting on a $255 million interest payment due June 1 on about $4.5 billion of outstanding debt, according to a proxy filing on Friday, as a shareholder vote approaches on Sprint-Nextel Corp's takeover offer. The company, which urged investors ...

13 Apr 12:25 AM 0 Read More...

Clearwire considering skipping interest payments

Fri Apr 12, 2013 6:45pm EDT (Reuters) - Clearwire Corp said it is "actively considering" whether or not to make an interest payment on June 1 on about $4.5 billion of outstanding debt, according to a proxy filing on Friday. The wireless provider also disclosed it had received an unsolicited bid from a "strategic buyer" to acquire spectrum leases for $1 billion to $1.5 billion.Clearw...

12 Apr 10:45 PM 0 Read More...

PayPal acquisition brings ''growth hackers'' into the fold

By Alistair Barr SAN FRANCISCO | Fri Apr 12, 2013 2:58pm EDT SAN FRANCISCO (Reuters) - PayPal said on Thursday it acquired start-up Iron Pearl, bringing noted "growth hackers" Stan Chudnovsky and James Currier on board to help the online payments service expand more quickly. PayPal, part of eBay Inc, did not disclose a purchase price.PayPal is a dominant online paym...

12 Apr 6:58 PM 0 Read More...

New anti-piracy law should keep Spain off U.S. watch list - minister

Fri Apr 12, 2013 2:57pm EDT MADRID (Reuters) - Spain is working on a new anti-piracy law which will be robust enough to keep the country off a U.S. watch list of copyright violating countries, Education and Culture Minister Jose Ignacio Wert said. Spain is widely considered one of Europe's worst offenders for internet piracy, such as illegal downloading of music, films and games. Co...

12 Apr 6:57 PM 0 Read More...

Spectrum auction should promote wireless competition : U.S. Justice Department

By Alina Selyukh WASHINGTON | Fri Apr 12, 2013 2:55pm EDT WASHINGTON (Reuters) - Smaller wireless carriers should be able to get a fair share of spectrum in the forthcoming U.S. auction to ensure the market is competitive, the Justice Department told the Federal Communications Commission in a filing made public on Friday. The filing underlines the high value placed ...

12 Apr 6:55 PM 0 Read More...

Spectrum auction should promote wireless competition : U.S. Justice Dept

By Alina Selyukh WASHINGTON | Fri Apr 12, 2013 12:43pm EDT WASHINGTON (Reuters) - Smaller wireless carriers should be able to get a fair share of spectrum in the forthcoming U.S. auction to ensure the market is competitive, the Justice Department told the Federal Communications Commission in a filing made public on Friday. The filing underlines the high value placed...

12 Apr 4:43 PM 0 Read More...

New anti-piracy law should keep Spain off US watch list -minister

Fri Apr 12, 2013 9:35am EDT MADRID (Reuters) - Spain is working on a new anti-piracy law which will be robust enough to keep the country off a U.S. watch list of copyright violating countries, Education and Culture Minister Jose Ignacio Wert said. Spain is widely considered one of Europe's worst offenders for internet piracy, such as illegal downloading of music, films and games. Co...

12 Apr 1:35 PM 0 Read More...

Italy's Wind to invest $1.3 billion in network with Huawei

MILAN | Fri Apr 12, 2013 9:26am EDT MILAN (Reuters) - Italian mobile phone operator Wind is to spend $1.3 billion on building a fourth-generation (4G) mobile broadband network to step up competition to rivals Telecom Italia (TLIT.MI) and Vodafone (VOD.L). The investment will use technology from Italy's Sirti and Huawei Technologies HWT.UL, the firms said in a statement on F...

12 Apr 1:26 PM 0 Read More...

BlackBerry to ask regulators to probe report on returns

TORONTO | Fri Apr 12, 2013 8:59am EDT TORONTO (Reuters) - BlackBerry said on Friday it would ask securities regulators in Canada and the United States to probe a report about retail return rates for its new Z10 smartphone that it called "false and misleading." The Canadian company, which has pinned its turnaround hopes on its new BlackBerry 10 line, said return rates were a...

12 Apr 12:59 PM 0 Read More...