Apple: U.S. e-book lawsuit "fundamentally flawed"
Wed, 23 May 2012 16:16:36 -0400
(Reuters) - Apple Inc is rejecting charges that it conspired to fix prices of electronic books, calling the U.S. government's antitrust lawsuit a "fundamentally flawed" endeavor that could discourage competition and harm consumers.
HP to lay off about 27,000, eyes over $3 billion savings
Wed, 23 May 2012 16:15:23 -0400
SAN FRANCISCO (Reuters) - Hewlett Packard Co outlined a plan on Wednesday to lay off roughly 27,000 employees or about 8 percent of its workforce, generating annual savings of $3 billion to $3.5 billion as it exits fiscal 2014.
Jury deals blow to Oracle in case vs. Google
Wed, 23 May 2012 16:10:10 -0400
SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight between the two Silicon Valley giants over smartphone technology.
Facebook, banks sued over pre-IPO analyst calls
Wed, 23 May 2012 15:50:20 -0400
(Reuters) - Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offering.
Dell shares dive, PC margin fears drag HP lower
Wed, 23 May 2012 14:48:34 -0400
(Reuters) - Shares of Dell Inc plunged 18 percent Wednesday, on track for their biggest single-day loss in more than a decade, after a disappointing revenue forecast spurred fears that global tech spending is weakening faster than anticipated.
Obama orders agencies to shift services to mobile application
Wed, 23 May 2012 12:00:34 -0400
WASHINGTON (Reuters) - President Barack Obama, hoping to spur U.S. innovation in the explosive field of mobile communications, on Wednesday ordered all major federal agencies to make many more of their services available on mobile telephones within the next year.
Yahoo under Levinsohn seen shifting to content, advertising
Wed, 23 May 2012 09:43:01 -0400
SAN FRANCISCO (Reuters) - With two of its most distracting conflicts resolved in the past week and a half, Yahoo Inc hopes its new interim chief executive can focus on the biggest challenge of all: turning the company into an entertainment and information destination that wins back the advertising dollars flowing elsewhere.
SAP to buy Ariba, boosts cloud bet
Wed, 23 May 2012 04:10:40 -0400
SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market.
Japan's NTT Docomo applies for 700 MHz license
Wed, 23 May 2012 03:17:53 -0400
TOKYO (Reuters) - NTT Docomo Inc said on Wednesday it plans to apply for a license to upgrade its base stations to tap the 700 megahertz spectrum for high-speed mobile services, as it races with smaller rivals to attract smartphone users.
Kleiner partner sues firm for discrimination
Tue, 22 May 2012 19:52:25 -0400
(Reuters) - Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm alleging sexual harassment and discrimination, according to a lawsuit filed earlier this month in California Superior Court.
