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Monday, October 8, 2012

Technology Report: Facebook pitches new $20 million "Sponsored Stories" settlement

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10/8/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Facebook pitches new $20 million "Sponsored Stories" settlement
(Reuters) - Facebook Inc has proposed a revised $20 million settlement in a class action lawsuit accusing it of violating the rights of users through its "Sponsored Stories" advertising feature after a U.S. judge rejected an earlier accord.
U.S. lawmakers seek to block China Huawei, ZTE U.S. inroads
WASHINGTON (Reuters) - U.S. telecommunications operators should not do business with China's top network equipment makers because potential Chinese state influence on the companies poses a security threat, the U.S. House of Representatives Intelligence Committee said in a report on Monday.
If Internet governance ain't broke, don't fix it: U.S.
GENEVA (Reuters) - The best solution to improving oversight of the Internet may be to do nothing at all, a senior U.S. official said on Monday while briefing reporters on a conference in December that could decide to consolidate control within a U.N. body.
Wal-Mart, Amex offer card for lower-income shoppers
NEW YORK (Reuters) - Wal-Mart Stores Inc and American Express Co are teaming up to offer a prepaid debit card called Bluebird to target lower-income shoppers who do not have bank accounts.
GM to add 1,500 information tech jobs in Michigan
(Reuters) - General Motors Co said on Monday it will create 1,500 jobs at a new software development center in Michigan as part of the U.S. automaker's previously announced plan to shift information technology work back into the company.
Polycom seeks edge over rivals with new videoconferencing product
(Reuters) - Polycom, which competes with Cisco in videoconferencing, hopes to move ahead of the pack with its new cloud-based product in a market it says will be worth $12 billion by 2015.
Vringo files lawsuit against ZTE for patent infringement in UK
(Reuters) - Vringo Infrastructure Inc, a unit of mobile phone software maker Vringo Inc, filed a patent infringement lawsuit against the UK unit of Chinese telecommunications equipment maker ZTE Corp, driving up Vringo's shares by as much as 21 percent in early trading.
Progress Software says CEO resigns, warns on revenue
(Reuters) - Progress Software Corp's CEO Jay Bhatt resigned within a year of his appointment, marking another executive departure at the software maker that has been restructuring its businesses and cutting jobs as sales growth slows.
Taiwan's HTC third-quarter net falls 79 percent, lags forecasts
TAIPEI (Reuters) - Taiwan's HTC Corp, the world's fifth-largest smartphone maker, said its third-quarter net profit fell 79 percent, missing forecasts, as its flagship phones failed to keep pace with Apple Inc's iPhone and Samsung Electronics Co Ltd's Galaxy range.
Having problems sorting socks? There an app for that
TORONTO (Reuters) - If matching socks is a daily problem a new app that sorts them into pairs and even lets users know when it is time to buy a new pair may help.
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