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Wednesday, August 22, 2012

Technology Report: HP posts huge quarterly loss

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08/22/2012
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
HP posts huge quarterly loss
SAN FRANCISCO (Reuters) - Hewlett-Packard Co reported on Wednesday a loss of $8.85 billion after a massive writedown of the value of its services business, most of which was related to its purchase of EDS.
California jurors get to work in Apple vs. Samsung trial
SAN JOSE, California (Reuters) - Nine jurors began deliberating on Wednesday in Apple Inc's high stakes patent lawsuit against Samsung Electronics Co Ltd, a process that could take several days due to the complex legal issues in play.
Brokers say Nasdaq's Facebook compensation plan not enough
NEW YORK (Reuters) - Nasdaq OMX Group Inc's $62 million compensation plan for firms harmed by technical problems during Facebook's market debut does not go far enough, broker-dealers said in U.S. Securities and Exchange Commission filings.
Analysis: In Apple vs. Samsung, alchemy of damages takes the stage
SAN JOSE, Calif (Reuters) - Between the hotshot designers and brainy engineers Apple Inc questioned for three weeks in the company's bitterly fought patent battle against Samsung Electronics Co Ltd, a marketing expert from MIT took Apple's lawyers all of three minutes.
JMP starts Zynga with "market outperform" rating, shares jump
(Reuters) - JMP Securities initiated coverage on Zynga Inc with a "market outperform" rating, Dow Jones reported, sending the social gaming company's shares up as much as 10 percent.
Apple, Foxconn improve China plants, but more to do: audit
TAIPEI/SAN FRANCISCO (Reuters) - Apple Inc and Foxconn have improved working conditions at Chinese factories that make most of the world's iPads and iPhones, according to auditors the firms enlisted to monitor the process, but tough tasks lie ahead.
Apple, Samsung make final pitch to jury
SAN JOSE, California (Reuters) - Apple Inc's worldwide legal crusade against the Android mobile operating system drew toward a climax on Tuesday as the iPhone maker's attorneys accused Samsung of taking a shortcut by copying Apple's designs after realizing it could not keep up.
PayPal deepens retail drive in Discover payments deal
SAN FRANCISCO (Reuters) - EBay Inc's PayPal online payments service has gained access to millions of stores across the United States through an agreement with Discover Financial Services, extending its reach beyond the Web and into the physical world.
Your Money: Trashing your ex on Facebook may cost you
(Reuters) - The old maxim goes: If you can't say anything nice, don't say anything at all. For divorcing spouses, that may actually constitute legal advice in these days where Internet and social media sites have become a significant part of many people's daily lives. Divorce is an emotionally charged topic, but letting it all out in a public forum can lead you right into court, sued for libel or having a harsher judgment levied against you in a divorce settlement.
T-Mobile USA to offer unlimited data service option
NEW YORK (Reuters) - T-Mobile USA, the No. 4 U.S. mobile provider, will sell a new unlimited data service option to its customers for a monthly fee in a direct challenge to its bigger rival Sprint Nextel, the only other big U.S. provider selling unlimited services.
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