Reuters Technology

Google says it won China's approval for Motorola deal

Sat, 05/19/2012 - 21:01

(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones.

Historic Facebook debut falls flat

Sat, 05/19/2012 - 01:53

SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.

U.S. says will bar some Motorola Mobility phones

Sat, 05/19/2012 - 00:17

WASHINGTON (Reuters) - Some Motorola Mobility smartphones infringe on a Microsoft patent and will be barred from importation to the United States, a U.S. trade panel said on Friday.

Intelsat Global files for $1.75 billion IPO

Fri, 05/18/2012 - 23:19

(Reuters) - Intelsat Global Holdings S.A., the world's biggest operator of satellite services, filed with U.S. regulators on Friday to raise up to $1.75 billion in an initial public offering of its common stock.

Historic Facebook debut falls short of expectations

Fri, 05/18/2012 - 23:03

SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.

Mexico's Slim eyeing Telekom Austria stake: report

Fri, 05/18/2012 - 20:02

VIENNA (Reuters) - Mexican billionaire Carlos Slim is eyeing a stake in Telekom Austria and is believed to have held initial talks with its two biggest investor groups, Austrian magazine Format reported, without citing sources.

Ex-Yahoo CEO Thompson leaves F5 Networks' board

Fri, 05/18/2012 - 16:45

(Reuters) - Networking gear maker F5 Networks said former Yahoo Inc CEO Scott Thompson has resigned from its board of directors, effective immediately.

Twitter agrees to adopt Do-Not-Track privacy option

Fri, 05/18/2012 - 14:21

SAN FRANCISCO (Reuters) - Twitter will honor requests from users who do not want their online behavior tracked, the company said on Thursday, in contrast with Web companies such Google Inc and Facebook Inc whose business models rely heavily on collecting user data.

Worries mount as Nokia burns through cash

Fri, 05/18/2012 - 14:06

LONDON/HELSINKI, May 18 (IFR/Reuters) - Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilize its finances in the months ahead.

Verizon data fans to pay more in service or phones

Fri, 05/18/2012 - 13:44

NEW YORK (Reuters) - Verizon Wireless plans to make its data-hungry customers pay a lot more, either in service fees or smartphone prices, as it tries to cut costs and boost revenue from data services.

ZTE confirms security hole in U.S. phone

Fri, 05/18/2012 - 08:07

(Reuters) - ZTE Corp, the world's No.4 handset vendor and one of two Chinese companies under U.S. scrutiny over security concerns, said one of its mobile phone models sold in the United States contains a vulnerability that researchers say could allow others to control the device.

Insight: Who got Facebook IPO shares? Fairness may not come into it

Fri, 05/18/2012 - 05:33

NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.

Facebook wraps up IPO, set for big Friday pop

Fri, 05/18/2012 - 03:47

SAN FRANCISCO/NEW YORK (Reuters) - Facebook Inc is set to raise up to $18.4 billion in its IPO and become the first U.S. company to be worth more than $100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday.

Toshiba plans to double operating profit by 2014-15

Fri, 05/18/2012 - 03:16

TOKYO (Reuters) - Japan's Toshiba Corp said on Thursday it aims to more than double its annual operating profit in three years to $5.6 billion, by expanding its social infrastructure business and boosting sales of electronics devices.

GM ad move followed failed Facebook pitch: sources

Fri, 05/18/2012 - 03:14

DETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.

Samsung gets 9 million preorders for new Galaxy phone: report

Fri, 05/18/2012 - 01:41

SEOUL (Reuters) - Samsung Electronics Co has received some 9 million pre-orders for its third-generation Galaxy S smartphone from more than 100 global carriers, the Korea Economic Daily reported on Friday.

Schilling game firm can't make Rhode Island payment

Fri, 05/18/2012 - 00:42

BOSTON (Reuters) - The troubled video game company run by former Red Sox pitcher Curt Schilling failed to make a promised payment to the state of Rhode Island on Thursday when it did not have sufficient funds to cover a check.

Insight: Who got Facebook shares? Fairness may not come into it

Fri, 05/18/2012 - 00:15

NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a deal handled by Wall Street.

Facebook prices at top of range in landmark IPO

Thu, 05/17/2012 - 23:53

NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at the top of its target range to raise more than $16 billion, as strong demand, particularly from retail investors, fuels anticipation of a big pop in the stock when it begins trading Friday on the Nasdaq.

EA must defend NCAA conspiracy lawsuit

Thu, 05/17/2012 - 23:35

(Reuters) - Electronic Arts Inc lost its bid to be dismissed from a lawsuit accusing the video game company of involvement in an NCAA conspiracy to prevent college athletes from being paid.

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