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Yahoo to acquire Tumblr for $1.1 billion cash
(Reuters) - Yahoo Inc will buy online blogging service Tumblr for $1.1 billion in cash, the company said on Monday. The deal, which will use about one-fifth of Yahoo's $5.4 billion in cash and marketable securities, is the largest by far since Yahoo Chief Executive Marissa Mayer took the reins in July in order to reverse a multi-year decline in Yahoo's business and its Web traffic. (Reporting By Alexei Oreskovic; Writing by Ben Berkowitz; Editing by Gerald E. McCormick)
China trying to manage exposure of corruption online
By Terril Yue Jones BEIJING (Reuters) - China's Internet is brimming with disclosures of officials collecting bribes, homes and luxury accessories as casually as they do mistresses. But while the government tolerates such anti-corruption vigilantism, it is also extremely leery of the threat the Internet can pose to Communist Party rule. The Internet is the new tool in the fight against corruption - a cornerstone policy of new President Xi Jinping, who has pledged to tackle the problem head-on. ...
Google's wearable Glass gadget: cool or creepy?
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google staged four discussions expounding on the finer points of its "Glass" wearable computer during this week's developer conference. Missing from the agenda, however, was a session on etiquette when using the recording-capable gadget, which some attendees faithfully wore everywhere - including to the crowded bathrooms. Google Glass, a cross between a mobile computer and eyeglasses that can both record video and surf the Internet, is now available to a select few but is already among the year's most buzz-worthy new gadgets. ...
New Trick to Get the Best Seat in Coach
How to make the cheap seats feel like First Class.
New Xbox more than a game console for Microsoft
By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry. But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market. ...
Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations
By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a "strategic" sector of Europe's economy. ...
Dell says cannot disclose more information to Icahn yet
(Reuters) - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell's $24.4 billion bid to take the company private. ...
New iPhone apps worth downloading: Viralheat, Haunting Melissa, Frozen Synapse for iPad
Start the week by managing your social networking feeds a little easier with Viralheat. It aggregates your feeds and accounts from multiple social networks into one app, allowing easier updating and analytics on how well your posts fare. Haunting Melissa is an experimental, chapter-based horror film, and is brought to you by the producer of The Ring. Finally, strategy game Frozen Synapse brings tons of turn-based intensity and lots of multiplayer offerings for iPad players.
Infosys to challenge latest tax demand of $105.3 million
BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from special economic zones in India, Infosys said in a statement. It said the latest tax demand disregards a clarification by the government in January. ...
Teens Are This Excited About Yahoo! Buying Tumblr
Now that Tumblr is a Yahoo! property, just like the beleaguered Flickr, some are predicting the service's death already and the deal hasn't even been officially announced yet. Those people are dramatic teens who use Tumblr but that's still a pretty big deal.
Dear American Consumers: Please don t start eating healthfully. Sincerely, the Food Industry
Dear American Consumers: Please don t start eating healthfully. Sincerely, the Food Industry
Very Fine Art: 6 Stunningly Beautiful Nanoscale Sculptures [Slide Show]
Very Fine Art: 6 Stunningly Beautiful Nanoscale Sculptures [Slide Show]
Who's Paying the Price for Global Warming?
U.S. taxpayers have so far borne the brunt of climate change costs. David Biello reports
Speed Dating? Watch Your Mouth
Communications Plays Big Role in 'Clicking,' Study Concludes
How the mighty have fallen: Nokia?s struggles, put in perspective
In one point in time, Nokia was the top-selling smartphone vendor in the world by a wide margin. It wasn?t even that long ago, in fact. But when Nokia failed to respond quickly enough to the industry?s shift toward touch, the Finnish giant lost its footing and toppled spectacularly. Just how bad have things gotten for Nokia? Market share numbers paint a pretty frightening picture, but a single tweet from Benedict Evans of Enders Analysis might do an even better job of putting things in perspective. In the past two years since Nokia announced that it was switching to Windows Phone as its mobile platform of choice, the vendor has sold just over 20 million Lumia phones. During the same period
Verizon cuts prepaid plan prices, piles on more data
Consumers have begun to move away from two-year contracts and embrace the prepaid smartphone market. In response to this growing user base, Verizon Wireless this week announced that it is increasing its data allowance for prepaid customers. The carrier?s new plans offer unlimited talk and text with 2GB of data, up from 500MB, for $60 a month. There is also a plan with 4GB of data, up from 2GB, for $70 per month. The increased data allowance is available now to current customers, and will be available to new customers beginning June 6th. AT&T also recently announced a new prepaid service in select markets, known as Aio Wireless, which offers unlimited talk and text with 2GB of data for $55
'Sonic' video games coming to Nintendo
LOS ANGELES (AP) ? Sonic the Hedgehog is rolling with Nintendo.
Leak suggests Nokia ?EOS? will feature 4.5-inch 720p display, 41-megapixel camera
Nokia is rumored to be preparing a 41-megapixel Lumia smartphone, codenamed EOS, that will be released later this year. According to WMPowerUser, the handset will look similar to Nokia?s Lumia 920 smartphone and will feature a polycarbonate case with a 4.5-inch 720p display. The device will reportedly come with a new application called ?Nokia Pro Camera? to compliment the 41-megapixel PureView camera, which is also said to include a protective lens cover that automatically opens when the camera application is launched. Unlike the handful of Lumias that came before it, however, the EOS will reportedly not come in different colors and will not natively support wireless charging. Earlier reports suggested that Nokia would launch its EOS smartphone in the United States
Morrison seals $306 million Ocado deal in online catch-up
By James Davey LONDON (Reuters) - British supermarket chain Wm Morrison is investing more than 200 million pounds in a 25-year deal with online grocer Ocado, seeking to catch up with rivals in home delivery and sending Ocado shares to a record high. Morrison, which trails Tesco, Wal-Mart's Asda and J Sainsbury in annual sales, has suffered falling profits and market share, partly due to its late entry into online grocery which is growing about 16 percent a year. Morrison and Ocado said their deal would not affect Ocado's arrangement with upmarket grocer Waitrose, due to run to 2020. ...
HTC says One production will double to meet ?strong demand?
Of all the problems to have when launching a new flagship smartphone, trouble keeping up with demand is hardly the worst. Of course, things change a bit when a company has to pump units into channels as quickly as possible before the top-selling smartphone vendor in the world launches the Galaxy S4. HTC undoubtedly lost some sales thanks to its production woes with the One, but a new report suggests its manufacturing issues are behind it. According to Focus Taiwan, HTC North Asia president Jack Tong said that production capacity for the HTC One will double in May and increase further in June. ?Our capacity is expected to rise significantly starting from mid-May,? Tong reportedly said Friday at a press conference. ?We
A year after IPO, Facebook aims to be ad colossus
NEW YORK (AP) ? It was supposed to be our IPO, the people's public offering.
Xbox 360 dominates console sales for 28th consecutive month
The Xbox 360 topped the charts again in April, marking the 28th consecutive month Microsoft?s gaming console has outsold Sony?s PlayStation 3 and Nintendo?s Wii consoles. According to research from NPD Group, the Xbox 360 accounted for 42% of current-generation sales with 130,000 units sold last month. It wasn?t all good news, however, as sales plummeted 50% from 261,000 units in March. As a whole, the industry continued to struggle in April with total gaming sales down 25% year-over-year from $657.5 million to $495.2 million. Microsoft and Sony?s next-generation consoles are expected to help sales pick up when they launch ahead of the holidays this year.
DirecTV interested in buying video website Hulu: source
By Liana B. Baker (Reuters) - The largest U.S. satellite video provider, DirecTV, is one of the companies considering a bid for online video website Hulu, according to a source familiar with the situation. The person acknowledged that other parties were involved, adding that DirecTV was "one of many" suitors. Media reports have previously identified Time Warner Cable Inc as another company weighing a potential stake in the company. Representatives of DirecTV and Time Warner Cable declined to comment on Friday. ...
Syria government supporters hack Financial Times
By Jim Finkle and Jennifer Saba (Reuters) - The Financial Times' website and Twitter feeds were hacked on Friday, renewing questions about whether the popular social media service has done enough to tighten security as cyber-attacks on the news media intensify. The Syrian Electronic Army, an online group that supports Syrian President Bashar al-Assad, was behind the incident which followed a phishing attack on the company's email accounts, FT reported on its website. The attack is the latest in which hackers commandeered the Twitter account of a prominent news organization to push their ...
Samsung Galaxy Tab 3 8.0 image, specs leak
A purported image of Samsung?s upcoming Galaxy Tab 3 8.0 tablet was published on Friday along with supposed specs. SamMobile obtained the image of the unannounced tablet from an unnamed source, and the device shown in the image looks very similar to Samsung?s Galaxy Note 8.0 tablet, pictured above, with slight variations such as the sensor layout above the display. Not much can be gleaned from the render, though the blog also claims to have knowledge of the tablet?s specs, which include an 8-inch TFT display with 1,280 x 800-pixel resolution, a 1.5GHz dual-core processor, 1.5GB of RAM, 16GB of internal storage, a 5-megapixel rear camera, a 1.3-megapixel front-facing camera, a 4,450 mAh battery and Android 4.2.2 Jelly Bean. The leaked image
Tableau Software shares close up 64 percent in market debut
By Neha Dimri (Reuters) - Shares of Tableau Software Inc rose as much as 68 percent in their trading debut as investors expect the rising interest in big data to power the data analysis software maker's growth. Tableau Software shares closed up nearly 64 percent at $50.75 on the New York Exchange on Friday. Tableau's revenue has jumped more than 800 percent to $127.7 million since 2008 as more companies use data analysis tools to manage efficiency and gauge customer preference. ...
FCC nominee Wheeler will divest holdings if confirmed
WASHINGTON (Reuters) - Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed. Divestments are common for nominees to avoid conflicts of interest. Wheeler's plan was disclosed in an agreement posted online by the Office of Government Ethics. Wheeler is now a venture capital investor at Core Capital Partners and chairs the FCC's Technology Advisory Council. ...
Are the new messaging apps from Facebook and Google a sign of fear?
It?s pretty fascinating that Facebook and Google debuted new messaging paradigms within six weeks of each other. Facebook Home?s one key feature is the prominent placement of its ?chat heads? messaging alerts on the home screen. Google is launching a new messaging app particularly focused on group messaging. The debuts of these two initiatives fit within the same timeline: a sudden realization in 2012 that smartphone messaging had started evolving, followed by the feverish development of a new product that would finally launch in the spring of 2013. Facebook and Google are very much on the defense here. So what happened in 2012 that suddenly awakened these slumbering giants? Of course, there was the sheer volume explosion of WhatsApp, which
What We Don't Know About Fracking
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Members of Congress Ask Google to Respond to a List of Glass Privacy Concerns
Eight Members of Congress Wants Google to Answer Questions about Google Glass Privacy Issues
Sanyo may cease to exist under Panasonic reorganization: Nikkei
(Reuters) - Sanyo Electric Co may cease to exist under a reorganization by Panasonic Corp that includes global jobs cuts, Nikkei reported on Friday. Panasonic will cut 90 percent of Sanyo's global workforce of about 2,500 in around three years, the daily reported. About 1,000 workers at Sanyo's headquarters will be reduced to around 100 this fiscal year, leaving just a skeleton crew for handling legal matters, managing intellectual property and other tasks. Panasonic may decide to absorb the unit entirely, the Nikkei said. ...
Apple?s ?iRadio? hits another roadblock, WWDC launch might be delayed
It has been widely reported that Apple will debut a new streaming radio service at its Worldwide Developers Conference next month. The company was said to be close to striking a deal with Warner Music and Sony Music to launch its iRadio service, however recent reports suggest negotiations may have hit a roadblock that could prevent Apple from debuting the service at next month?s event. The Verge reports that BMG Rights Management, the fourth largest music publisher, is not satisfied with the company?s deal and is holding out, therefore leaving Apple with only one major label onboard at this point. Apple?s streaming music service is said to be a hybrid Web and radio service with features similar to both Pandora and Spotify,
'Smart Rifle' Begins Shipping to Gun Owners This Week
A Texas startup has developed a ?smart rifle?that barely needs to be aimed. The maker of the gun, being shipped to stores this week, brags that ?even a novice shooter can become an elite long-range marksman in minutes.? The company, TrackingPoint, has said its ?world?s...
Sony to name Chugai Pharma's CEO as chairman: Nikkei
(Reuters) - Sony Corp plans to appoint Chugai Pharmaceutical Co Chief Executive Osamu Nagayama as chairman, the Nikkei reported. Nagayama's appointment will be finalized on June 20 at a board meeting to be held immediately after a shareholders' meeting, the business daily said. Outgoing chairman Howard Stringer, who served as Sony's CEO between 2005 and 2012, will retire in June, the Japanese paper said. (Reporting by Aditi Shrivastava in Bangalore; Editing by Joyjeet Das)
Syrian hackers compromise FT blog, Twitter feeds
LONDON (AP) ? A clutch of Twitter accounts and a blog maintained by the Financial Times were hacked Friday, the latest in a series of cyberattacks claimed by the Syrian Electronic Army, a pro-government group which has regularly targeted media organizations it sees as sympathetic to the country's rebels.