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Tuesday, October 9, 2012

Technology Report: China rejects U.S. accusations against telcoms firms

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10/9/2012
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 rejects U.S. accusations against telcoms firms
BEIJING (Reuters) - China rejected on Tuesday as "groundless" U.S. accusations that two top Chinese telecoms equipment makers posed a security risk.
Twitter's Jack Dorsey cuts back on executive chairman role
SAN FRANCISCO (Reuters) - Twitter founder and Executive Chairman Jack Dorsey said on Tuesday that he trimmed his role at the microblogging service months ago as he devoted the majority of his time to Square, the payment start-up where he is chief executive.
EU antitrust chief hopes to settle Apple case soon
BRUSSELS (Reuters) - Apple Inc's antitrust case with the European Union over e-book publishing could be settled in a couple of months, European Competition Commissioner Joaquin Almunia said on Tuesday.
Insight: Frugal Amazon opens checkbook for streaming video
SAN FRANCISCO (Reuters) - Amazon.com Inc's deal to purchase streaming movies from cable network Epix could transform the way such deals are done, thanks to a pay-for-performance sweetener that had not been previously disclosed.
EU holds fire on ZTE, Huawei telecom trade case
BRUSSELS (Reuters) - The European Commission has delayed a trade case against two Chinese telecom equipment makers also under scrutiny in the United States, easing tensions between the European Union and its second-biggest trading partner.
ST-Ericsson parents say working with advisor on strategy
STOCKHOLM (Reuters) - ST-Ericsson's owners Ericsson and STMicroelectronics have brought in an advisor on strategy for chip joint venture ST-Ericsson but analysts said a sale of the loss-making unit would be hard.
China options limited as U.S. panel outcasts Huawei, ZTE
(Reuters) - China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.
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.
Zynga executive overseeing key poker game departs
SAN FRANCISCO (Reuters) - Zynga Inc's executive overseeing its key poker game has quit, hitting the gamemaker in a particularly vulnerable spot as it struggles with a steady employee exodus and falling revenue.
Indian IT services may see uptick in client spending
BANGALORE (Reuters) - India's leading software exporters could see a modest uptick in outsourcing business from the United States and Europe despite a warning on Tuesday from the International Monetary Fund that it sees the risk for a serious global slowdown as "alarmingly high."
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