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Tuesday, May 29, 2012

Technology Report: Samsung Galaxy S3 gets head start on rival iPhone

Reuters » Technology Report
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05/29/2012
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Samsung Galaxy S3 gets head start on rival iPhone
SEOUL/LONDON (Reuters) - Samsung Electronics launched its top-of-the-range Galaxy S3 smartphone in Europe on Tuesday, aiming to outsell its previous model that helped the South Korean company topple Apple as the world's largest smartphone maker.
Opera seen a Facebook fit but no "For Sale" sign
OSLO (Reuters) - Facebook is under pressure to make money from the increasing number of users who access the social networking site from mobiles, making Norway's Opera a good fit for it, bankers familiar with the technology industry said.
Sprint gets $1 billion credit for Ericsson equipment
NEW YORK (Reuters) - Sprint Nextel Corp has arranged a $1 billion credit facility to buy network equipment from Ericsson for a high-speed wireless project that will involve the shuttering of its Nextel network next year.
French court backs Google in TV piracy case
PARIS (Reuters) - A French court ruled that Google is not responsible for filtering content on YouTube, dealing a blow to French broadcaster TF1 which sought damages for copyrighted sports and movies which ended up on the video-sharing website.
U.N. to warn member nations on risk of Flame virus
(Reuters) - A United Nations agency charged with helping member nations secure their national infrastructures plans to issue a sharp warning about the risk of the Flame virus that was recently discovered in Iran and other parts of the Middle East.
Israel banks mull conversion of TowerJazz notes
JERUSALEM (Reuters) - Shares of specialty chipmaker TowerJazz slid on Tuesday after the company signaled that Israel's largest banks were considering the conversion of capital notes they hold into shares.
Whistleblower Woodford wins Olympus settlement
LONDON (Reuters) - Michael Woodford, ousted as head of Japanese camera-to-endoscope maker Olympus after blowing the whistle on one of Japan's biggest corporate frauds, on Tuesday won a likely multi-million dollar settlement of his claim for unfair dismissal.
RIM to benefit from job cuts: Macquarie
(Reuters) - Additional job cuts at Research In Motion Ltd would be prudent as the BlackBerry maker tries to improve its free cashflow ahead of the planned launch of its next-generation phones later this year, Macquarie Equities Research said.
China's Huawei and ZTE deny getting illegal subsidy
HONG KONG/STOCKHOLM (Reuters) - China's top telecoms gear makers Huawei and ZTE denied receiving illegal government subsidies that helped them undercut rivals in recent years, after media reported the European Union planned to take action over unfair trade practices.
Teledyne to buy LeCroy for $240.5 million
(Reuters) - Defense equipment manufacturer Teledyne Technologies Inc said it would buy LeCroy Corp for $240.5 million in cash to strengthen its analytical instrumentation business.
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