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Tuesday, September 18, 2012

Technology Report: China's Alibaba buys back half of Yahoo's stake

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09/18/2012
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
China's Alibaba buys back half of Yahoo's stake
(Reuters) - China's Alibaba Group said it bought back half the stake Yahoo Inc owned in the company for about $7.6 billion, moving closer to an initial public offering.
German government urges public to stop using Internet Explorer
FRANKFURT/BOSTON (Reuters) - The German government urged the public on Tuesday to temporarily stop using Microsoft Corp's Internet Explorer following discovery of yet-to-be repaired bug in the web browser that the software maker said makes PCs vulnerable to attack by hackers.
YouTube under threat in Russia over Prophet film
MOSCOW (Reuters) - Access to YouTube across Russia could be blocked under a new law that takes effect on November 1 if the portal does not remove a video mocking the Prophet Mohammad, the country's communications minister said on Tuesday.
LG unveils new premium phone with voice-activated power camera
SEOUL (Reuters) - LG Electronics Inc unveiled its latest high-end smartphone packed with powerful hardware upgrades on Tuesday, as the struggling South Korean firm tries to win market share from Apple Inc and Samsung Electronics Co Ltd in the crucial holiday quarter.
OCZ changes leaders, needs to solve supply chain problem
(Reuters) - OCZ Technology Group Inc has changed it top management but efforts to win back investor confidence may take more time as the solid-state hard drive maker, which has not made a profit for nearly a year, has to first fix a supply chain problem.
Motorola launches Intel-powered smartphone
LONDON (Reuters) - Google's Motorola Mobility unveiled its first smartphone handset to be powered by an Intel processor on Tuesday, featuring a wide screen and longer-life battery to better compete against Apple's iPhone and Samsung.
Apple snubs emerging mobile payment standard
SAN FRANCISCO/NEW YORK (Reuters) - EBay Inc Chief Executive John Donahoe often quotes a merchant saying NFC stands for "Not For Commerce" - and dismisses the prospects of Near Field Communication technology used to turn cellphones into mobile wallets.
Analysis: Nimble HR software firms grab share from bigger rivals
(Reuters) - Large technology firms seeking new growth have acquired several HR software makers but the consolidation may, ironically, have opened the way for remaining specialist firms to grab market share.
Apple sells 2 million new phones, shares touch $700
(Reuters) - Apple Inc booked orders for over two million iPhone 5 models in the first 24 hours, reflecting a higher-than-expected demand for the consumer device giant's new smartphone and setting it up for a strong holiday quarter.
Elpida's bondholders open new front in fight over Micron deal
(Reuters) - U.S. bondholders who have been battling Elpida Memory Inc's planned sale to Micron Technology Inc revealed on Monday the bankrupt Japanese chipmaker had carried out "unauthorized" dealings involving its U.S. assets.
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