Wednesday, July 31, 2013

Reuters: Technology News: China's Alibaba bans customers from using Tencent's WeChat

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
China's Alibaba bans customers from using Tencent's WeChat
Aug 1st 2013, 03:27

A security guard walks past a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province March 16, 2010.

Credit: Reuters/Lang Lang

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Apple CEO met China Mobile head, discussed cooperation

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Apple CEO met China Mobile head, discussed cooperation
Aug 1st 2013, 02:23

Apple Inc. CEO Tim Cook waves to the crowd during the Apple Worldwide Developers Conference (WWDC) 2013 in San Francisco, California June 10, 2013 file photo. REUTERS/Stephen Lam

Apple Inc. CEO Tim Cook waves to the crowd during the Apple Worldwide Developers Conference (WWDC) 2013 in San Francisco, California June 10, 2013 file photo.

Credit: Reuters/Stephen Lam

By Paul Carsten and Lee Chyen Yee

BEIJING/SINGAPORE | Wed Jul 31, 2013 10:23pm EDT

BEIJING/SINGAPORE (Reuters) - Apple Inc CEO Tim Cook on Tuesday met with the head of China Mobile Ltd, the world's largest mobile carrier by subscribers and the only Chinese carrier that doesn't offer iPhones and iPads.

The meeting with China Mobile Chairman Xi Guohua in Beijing was to discuss matters of cooperation, the Chinese firm told Reuters in an emailed statement. It gave no further details.

The talks could pave the way for a long-awaited deal for China Mobile to distribute Apple products on its vast network, benefiting both companies.

Cook's meeting with China Mobile follows a 43 percent slump in Apple's April-June sales in Greater China, which includes Taiwan and Hong Kong, as the technology gap with cheaper local rivals narrows.

Any deal between China Mobile and Apple, combined with the Chinese government issuing 4G licenses later this year, could turn around both companies' fortunes with wider product distribution and faster Internet speeds attracting new smartphone adopters.

China Mobile has seen its profit pressured by a low adoption of 3G as mobile users shift away from SMS messaging to data-reliant apps such as Tencent Holdings' WeChat, which now has more than 300 million users in China.

Fewer than a fifth of China Mobile's customers have adopted 3G, lagging rivals China Unicom's 38 percent and China Telecom Corp's 50 percent, according to data from the three carriers.

Analysts say China Mobile would attract higher-end 3G users if it strikes a deal to carry Apple's iPhone even though China Mobile's homegrown 3G technology - TD-SCDMA - is inferior to that offered by China Unicom and China Telecom, which is based on international 3G standards.

Cook also met with top executives from China Telecom, another large telecom provider, when he visited Beijing earlier this week, China Telecom said.

Cook had a meeting with China Telecom President Yang Jie and talked about cooperation on future products, but stopped short of giving any details of the next version of the iPhone, said a source at the company, who declined to be identified because the person was not authorized to speak to the media.

China Unicom declined comment. An Apple spokesman confirmed that Cook was in China for business meetings, noting that Greater China was Apple's second largest market. He declined to provide any details.

Greater China is an important market for Apple as it accounted for 13 percent of Apple's quarterly sales, or $5 billion, though it is down from nearly 19 percent in January-March.

Morgan Stanley estimates China's mobile Internet market could more than treble to around $30 billion by 2015, driven by a surge in demand for mobile gaming, advertising, and e-commerce.

Currently, 78.5 percent of Chinese Internet users access the Net through their mobile phones, according to data from the China Internet Network Information Centre. The total number of mobile netizens reached 464 million by the end of June, up 10 percent from the end of 2012.

Cook's visit also follows accusations in a China Labor Watch (CLW) report this week that Pegatron Corp, a Taiwanese firm that assembles iPads and iPhones in China, violates workers' rights in China.

Apple shares ended down 79 cents at $452.53 on Nasdaq on Wednesday.

(This story was fix to correct spell errors in paragraphs 9 and 11)

(Additional reporting by Poornima Gupta; Editing by Ian Geoghegan and Andrew Hay)

  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Government requests for Twitter users' data on the rise

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Government requests for Twitter users' data on the rise
Aug 1st 2013, 02:17

An illustration picture shows the logo of the Website Twitter on an Ipad, in Bordeaux, Southwestern France, January 30, 2013.

Credit: Reuters/Regis Duvignau

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Apple fixing bug that allows fake charging stations to hack iPhones

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Apple fixing bug that allows fake charging stations to hack iPhones
Aug 1st 2013, 01:52

An iPhone 5 is pictured on display at an Apple Store in Pasadena, California July 22, 2013. REUTERS/Mario Anzuoni

An iPhone 5 is pictured on display at an Apple Store in Pasadena, California July 22, 2013.

Credit: Reuters/Mario Anzuoni

By Jim Finkle

LAS VEGAS | Wed Jul 31, 2013 9:52pm EDT

LAS VEGAS (Reuters) - Apple Inc's next software update for its iPhones and iPads will fix a security flaw that allows hackers to engage in spying and cyber crimes when the victim connects the device to a fake charging station, the company said on Wednesday.

Apple's devices are vulnerable to attacks until the company releases its iOS 7 software update, which is slated for this fall.

Three computer scientists, who alerted Apple to the problem earlier this year, demonstrated the security vulnerability at the Black Hat hacking convention in Las Vegas on Wednesday where some 7,000 security professionals are learning about the latest threats posed by computer hacking.

Apple said the issue had been fixed in the latest beta of iOS 7, which has already been released to software developers.

"We would like to thank the researchers for their valuable input," Apple spokesman Tom Neumayr said.

The work was done by Billy Lau, a research scientist at the Georgia Institute of Technology, and graduate students Yeongjin Jang and Chengyu Song.

In a demonstration at the hacking conference, they plugged an iPhone into a custom-built charger they equipped with a tiny Linux computer that was programmed to attack iOS devices. They said it cost about $45 to buy and a week to design.

It infected the phone with a computer virus designed to dial the phone of one of the researchers, which it did.

They said that real-world cyber criminals might build viruses that would give them remote control of the devices. That would enable them to take screen shots for stealing banking passwords and credit card numbers. They could also access emails, texts and contact information or track the location of the phone's owner, Lau said.

"It can become a spying tool," said Lau.

Lau said they were publicizing the issue in the spirit of "white hat" hacking, which is finding security bugs so that manufacturers can fix them before criminals exploit them.

"Security doesn't work if you bury problems," he told Reuters on the sidelines of the press conference.

Lau said that devices running Google Inc's Android operating system are not vulnerable to the same types of attack because they warn users if they plug devices into a computer, even one posing as a charging station.

After Apple's iOS 7 software update, a message will pop up to alert the user that they are connecting to a computer, not an ordinary charger, he said.

(Reporting by Jim Finkle; Editing by Lisa Shumaker)

  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Hacking expert says mobile firms moved fast to fix cyber bug

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Hacking expert says mobile firms moved fast to fix cyber bug
Aug 1st 2013, 00:26

By Jim Finkle

LAS VEGAS | Wed Jul 31, 2013 8:26pm EDT

LAS VEGAS (Reuters) - A well-known security expert said mobile carriers have quickly protected customers from a security bug that he revealed 10 days ago and that he estimated had put more than 500 million phones at risk of cyber attacks.

Karsten Nohl, chief scientist with Berlin's Security Research Labs, led a research team at the German firm that figured out a way to remotely gain control of and also clone some mobile SIM cards.

"Pretty much every carrier we have spoken to has fixed it," Nohl said in advance of a talk late Wednesday afternoon at the Black Hat hacking conference in Las Vegas.

The team was the first to accomplish the hacking feat, which has long been a Holy Grail of mobile hackers. The tiny, highly secured devices are located in phones and allow operators to identify and authenticate subscribers as they use networks.

He discussed that three-year research effort late Wednesday afternoon in one of the most anticipated talks at Black Hat, a conference where some 7,000 security professionals gathered to hear about the latest risks posed by hacking.

Nohl said at a news conference prior to that talk that he would not be able to demonstrate part of his technique for attacking SIM cards because he had prepared to show it on SIMs from five carriers, but that all five carriers had made changes to prevent them from being hacked.

Nohl is a so-called "white hat," or a hacker who figures out how to attack things in a bid to find vulnerabilities so that companies can fix bugs before criminals can exploit them.

He told Reuters that he was pleased that they had implemented the fix before his demonstration because that means they are ahead of criminal hackers, who could use compromised SIMs to commit financial crimes or engage in electronic espionage.

Nohl said that carriers have used methods to fix the bug in SIM cards without having to physically replace them, which would have been quite costly.

He said he was not sure whether all carriers around the world have fixed the bug, but that he had checked with many major carriers and that they had gone ahead and taken care of the security problem.

(Reporting by Jim Finkle; Editing by Ken Wills)

  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Obamacare technology testing slated for September: official

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Obamacare technology testing slated for September: official
Jul 31st 2013, 22:16

Marilyn Tavenner testifies before a Senate Finance Committee hearing on her nomination to be administrator of the Centers for Medicare and Medicaid Services on Capitol Hill in Washington April 9, 2013.

Credit: Reuters/Kevin Lamarque

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: NBC Universal's fortune reversal lifts Comcast results

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
NBC Universal's fortune reversal lifts Comcast results
Jul 31st 2013, 16:56

The news ticker outside the Today Show announces GE's sale of NBC to Comcast, in New York, December 3, 2009. REUTERS/Chip East

The news ticker outside the Today Show announces GE's sale of NBC to Comcast, in New York, December 3, 2009.

Credit: Reuters/Chip East

By Liana B. Baker

Wed Jul 31, 2013 12:56pm EDT

(Reuters) - Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 percent increase in operating cash flow at its NBC Universal unit.

Its shares rose more than 6 percent in morning trading to $45.30 on the better-than-expected results.

Analysts said Comcast's cable business outperformed in what is generally a seasonally weak quarter for the industry, when colleges close for the summer and people disconnect cable service ahead of a move.

"The second quarter is always tough for the cable business. But you'd never know it from Comcast's second-quarter results," Moffett Research analyst Craig Moffett said. "This consistency speaks to the tight ship Comcast is running these days."

Comcast's cable unit, which has the most U.S. subscribers of any cable company with 21.7 million, added 187,000 high-speed Internet customers on a net basis. This beat analysts' expectations of 150,500 additions, which Wall Street was expecting, according to StreetAccount.

Comcast, like its smaller rivals, increasingly relies on Internet customers for growth as they continue to lose cable TV subscribers and grapple with rising programming costs.

Comcast lost about 159,000 video subscribers in the quarter, which slightly beat estimates of a loss of 159,700 subscribers, according to Street Account.

The cable industry faces a challenge from customers who consume an increasing amount of Internet video and subscribe to lower-cost alternatives such as Netflix.

MEDIA SHINES

Comcast clinched full control of NBC Universal for $16.7 billion earlier this year by buying out General Electric's stake a few years ahead of schedule. It owns broadcaster NBC, the film studio Universal and a host of cable channels. While the unit is viewed by Wall Street as a perennial money loser in need of a turnaround, it made money for Comcast in the second quarter.

Operating cash flow at NBC Universal rose 21 percent to $1.191 billion, driven by the box office performance of the action movie "Fast and Furious 6" and a strong quarter at its cable network units, which oversees channels such as Bravo, E! and the Golf Channel.

Chief Executive Brian Roberts said NBC Universal has "real momentum, with solid growth in revenue and double-digit cash flow growth."

NBC also generated $2.1 billion in advance sales for commercial time for the upcoming TV season after wrapping up the so-called "upfront" negotiations. NBC confirmed on Wednesday it secured 7 to 8 percent increases in ad rates above last year.

Wunderlich Securities analyst Matthew Harrigan said NBC Universal's performance beat his estimates, partly driven by broadcast network ratings, which benefited from the return of hit singing show "The Voice" in the second quarter.

"On the TV side you can really see a benefit in primetime ratings at NBC and a 13 percent increase in advertising revenue, which was more than people had modeled," he said.

LEGENDARY DEAL

In July, Comcast's movie studio Universal signed Thomas Tull, the founder of film production company Legendary Entertainment that made big-budget blockbusters such as "The Dark Knight" and "Man of Steel", luring him away from rival Warner Brothers.

NBC Universal CEO Steve Burke said on Thursday that the deal "will take a while to get moving." He said Legendary will make its own films that Universal can co-finance, while Legendary will also co-finance some Universal movies.

"On the big film side, the riskiest and in some ways the hardest part of the business right now, we will have a partner in Legendary that has a real passion for that," Burke said.

Comcast posted a second-quarter profit of $1.73 billion, or 65 cents a share, compared with $1.3 billion, or 50 cents a year ago.

It beat Wall Street analysts' estimates by 2 cents, according to Thomson Reuters I/B/E/S.

Revenue rose 7 percent to $16.27 billion. Analysts, on average, expected $16 billion.

(Reporting by Liana B. Baker; Editing by Maureen Bavdek)

  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Ex-NCAA athletes prevail in lawsuit over EA video games

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Ex-NCAA athletes prevail in lawsuit over EA video games
Jul 31st 2013, 18:06

Attendees at the Electronic Entertainment Expo visit the Electronic Arts booth on the first day of E3 in Los Angeles, California June 5, 2012.

Credit: Reuters/Gus Ruelas

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: U.S., China team up to seize counterfeit goods in joint operation

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
U.S., China team up to seize counterfeit goods in joint operation
Jul 31st 2013, 17:15

By Deborah Charles

WASHINGTON | Wed Jul 31, 2013 12:35pm EDT

WASHINGTON (Reuters) - The United States and China have joined forces in a combined operation to crack down on counterfeit goods, seizing more than 243,000 fake electronics products, including popular consumer items made by Apple, Samsung, Dr Dre and Blackberry.

U.S. Customs and Border Protection said the month-long operation was the biggest bilateral customs enforcement effort ever conducted by the United States. It focused on seizures of goods in ports as they were exported from China or imported into the United States.

While the operation resulted in only one arrest, U.S. officials said they see it as a sign that the Beijing government is finally acting on their complaints of Chinese theft of intellectual property.

The two countries agreed in recent high-level talks that they would work together to try to stem the large quantities of fake goods flowing between China and the United States.

"The theft of intellectual property is a global problem and cross-border efforts are needed to fight it," said Thomas Winkowski, the acting commissioner of Customs and Border Protection.

"Robust enforcement of intellectual property rights allows innovators and creators - whether in a small start-up or an international corporation - to profit from their efforts and gives consumers confidence in the reputations of the products they buy."

China is the primary source of counterfeit and pirated goods in the United States and accounts for 72 percent of all seizures relating to intellectual property rights, according to the U.S. agency's fiscal 2012 statistics.

Theft of intellectual property rights costs U.S. businesses $320 billion a year, equivalent to the annual value of U.S. exports to Asia, according to a report by the Commission on the Theft of American Intellectual Property, a group of former U.S. officials.

GLOBAL PROBLEM

China's Vice Minister of the General Administration of China Customs, Zou Zhiwu, said both countries need to work together to effectively curb the movement of counterfeit products.

"IPR infringement is a global issue involving not only the process of production and export, but also that of import and circulation," he said. "Enforcement agencies around the world should work more closely to crack down (on) these illegal activities."

The operation took place at ports in the United States and China. The main U.S. ports involved were Anchorage, Cincinnati, Los Angeles and Newark. In China the primary ports were Beijing, Guangzhou, Shanghai and Shenzhen.

Chinese and American customs officials did not work together physically, but acted on shared information and tips, officials said.

The single arrest was that of an American citizen who imported counterfeit Dr Dre headphones and sold them on Craigslist. He was arrested in the New Orleans area after Chinese customs passed on a tip to U.S. officials.

"The fight against criminal counterfeiters overseas presents a great deal of challenges to U.S. law enforcement," said Daniel Ragsdale, deputy director of Immigration and Customs Enforcement. "But it is a fight we are committed to and through the international partnerships we forge with foreign customs and law enforcement agencies, we are making an impact."

the largest previous bilateral operation conducted by the United States was with French Customs over a six-month period. In that operation, officials made 470 seizures of electronic components like semiconductors, memory cards and computer storage devices.

(Reporting by Deborah Charles; editing by Alistair Bell and Christopher Wilson)

  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Chinese hackers target remote conferencing gear: Dell researchers

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Chinese hackers target remote conferencing gear: Dell researchers
Jul 31st 2013, 17:02

By Joseph Menn

SAN FRANCISCO | Wed Jul 31, 2013 1:02pm EDT

SAN FRANCISCO (Reuters) - A Chinese hacking group tied to the breach of security company RSA two years ago has targeted a maker of audio-visual conference equipment in a likely attempt to tap into boardroom and other high-level remote meetings.

Security researchers at Dell Inc's SecureWorks unit were able to monitor the computers used by the group to process communications from machines infected with stealthy software for stealing data, according to a paper they are releasing today.

Although the researchers could not tell what information was being extracted, they were able to discover many of the companies and offices unknowingly transmitting information. The compromised computers were in five different offices of a global maker of conferencing equipment, said SecureWorks researchers Joe Stewart and Don Jackson.

"I think they were looking for the source code," Stewart told Reuters, because that would help them find flaws they could use to eavesdrop in further attacks.

"If your final target is this vendor's customers of the conferencing product, you would want to be able to connect on their premises."

Stewart declined to identify the manufacturer, but he has notified both the company and law enforcement. Researchers had previously found security flaws in high-end conferencing gear and the new findings suggest they are a prime target.

As a hacking strategy, such a multi-step effort would track with other major attacks, including the one on RSA, a unit of EMC Corp.

In that case, the hackers took information that helped them duplicate the rapidly changing passwords on SecurID tokens used by defense contractors and others to authenticate users when they log in remotely. The contractors were the real targets in that case, researcher said.

Stewart attributed the new round of attacks to a prolific group based in Beijing that he and others have studied for years. Stewart's paper with Jackson tracks only one of the three dozen sophisticated malicious software programs that group favors.

That one family of code has hundreds of variants and has been used in at least 64 campaigns, including the penetration of the audio-visual equipment company, Stewart said. The same program has been used against government offices and 10 industries, including mining, media and communications.

Of the infections the researchers were able to identify, the greatest number were in Japan, followed by India, South Korea, Taiwan and the United States.

Stewart said the Beijing group is probably as big as the Shanghai-based crew that drew wide attention in February after security firm Mandiant said it was a specific unit within China's People's Liberation Army. China disputed the report and said it does not hack Western companies.

Although characteristics of both the Beijing and Shanghai groups sometimes show up inside the same compromised company, the Beijing group tends to focus more on activists, including those involved with Tibetan issues, Stewart said.

He has cataloged about 275 families of malicious software to date.

(Reporting by Joseph Menn. Editing by Andre Grenon)

  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Fidelity Contrafund sours on Apple, bolsters Tesla bet

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Fidelity Contrafund sours on Apple, bolsters Tesla bet
Jul 31st 2013, 18:27

BOSTON | Wed Jul 31, 2013 1:37pm EDT

BOSTON (Reuters) - Fidelity Contrafund (FCNTX.O) manager Will Danoff cut his stake in Apple Inc (AAPL.O) by 28 percent during the first half of the year, citing the iPhone maker's "slowing growth profile."

The star stockpicker remained bullish on Google Inc (GOOG.O) and on Tesla Motors Inc's (TSLA.O) "disruptive technology and superior business model."

"Reflective of the company's slowing growth profile, Apple moved from the fund's top position a year ago to the third spot as we reduced our stake in the company," Danoff said in his monthly commentary for investors. He runs the $94 billion Contrafund for Fidelity Investments in Boston.

Danoff has been trimming his stake in Apple since last year. Google is now his largest holding at 6 percent of net assets. Danoff also said he increased his position in electric car maker Tesla, "a firm we believed was fundamentally reengineering the automobile for the first time in decades."

(Reporting By Tim McLaughlin; Editing by Gerald E. McCormick)

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Music streamer Spotify doubles 2012 revenues after expansion

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Music streamer Spotify doubles 2012 revenues after expansion
Jul 31st 2013, 14:15

Daniel Ek, CEO & Co-Founder of Spotify, addresses attendees during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana May 9, 2012.

Credit: Reuters/Sean Gardner

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: IBM cooperating with SEC on probe of its cloud revenue

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
IBM cooperating with SEC on probe of its cloud revenue
Jul 31st 2013, 13:15

Go to the Reuters home page.

Browse the Reuters site map

If you still can't find what you're looking for, you may wish to send a message to the Help Desk

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Dell buyout consortium sees deal collapsing: source

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Dell buyout consortium sees deal collapsing: source
Jul 31st 2013, 13:35

Michael Dell Chairman and CEO of Dell Inc. arrives at the launch event of Windows 8 operating system in New York, October 25, 2012.

Credit: Reuters/Lucas Jackson

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: IBM cooperating with SEC on investigation of cloud revenue

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
IBM cooperating with SEC on investigation of cloud revenue
Jul 31st 2013, 12:45

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Exclusive: Pentagon's chief weapons buyer builds Japan ties as it eyes arms exports

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Exclusive: Pentagon's chief weapons buyer builds Japan ties as it eyes arms exports
Jul 31st 2013, 10:25

An aerial view of the Pentagon building in Washington, June 15, 2005. RTXNK0I

By Tim Kelly

TOKYO | Wed Jul 31, 2013 6:25am EDT

TOKYO (Reuters) - The U.S. Defense Department's chief weapons buyer, Frank Kendall, will on Thursday meet officials in Tokyo overseeing Japan's defense contractors, his first visit with industry regulators reviewing the pacifist nation's decades-old ban on overseas arms sales.

The under secretary of defense for acquisitions, technology and logistics will meet officials at the Ministry of Economy Trade and Industry, a spokesman for the U.S. military said. He will also visit the foreign affairs and defense ministries.

The three ministries are together considering guidelines on what weapons, and to whom, Japanese defense contractors could sell arms.

Almost half-century-old export restrictions have isolated Japan's defense contractors, keeping the industry small, fractured and cost heavy.

While dual-use equipment such as cameras, that are also sold for civilian use, are exempt, such devices are rarely sold directly to armies by their Japanese makers.

The U.S. military, for example, uses Panasonic Corp's rugged laptop computers to guide drones, but buys them through a third-party vendor.

Kendall's visit to the Ministry of Economy Trade and Industry, which regulates exports, could help the U.S. Defense Department build deeper ties with industry officials who will play a key role in formulating rule changes that may allow companies such as Mitsubishi Heavy Industries, the maker of the World War Two-era Zero fighter, and Kawasaki Heavy Industries Ltd, which builds submarines, become suppliers to the United States.

"We see the possibility of joint development as a major step," Tatsuhiko Nojima, executive vice president at Mitsubishi Heavy told a news briefing in Tokyo to announce the company's results for the quarter that ended on June 30.

"This represents a big business chance."

Kendall, who was appointed by President Barack Obama in October 2011, wants to visit the ministry because it regulates Japan's defense industry, said an official at the ministry, who declined to be identified. The meet-and-greet may include discussion of the export restrictions, he said.

GOING FOR JOINT DEVELOPMENT

Japan's government on Friday published a policy paper, its latest step away from the constraints of its pacifist constitution and part of Prime Minister Shinzo Abe's review of defense posture in the face of perceived threats from China and North Korea.

In it, the government said it would "aggressively promote joint international development production with the United States, Britain and other countries".

Doing so could help it beef up its military by letting defense-equipment makers expand production and lower costs through greater scale without having to raise spending. The United States too could benefit from lower costs by widening its supply chain.

Japan's defense spending has stayed at around 1 percent of gross domestic product for decades, but rising maintenance costs cut its procurement budget by a third over the past 20 years.

Lockheed Martin Corp, which helped Japan build its F-2 fighter and will supply it with F-35s assembled locally by Mitsubishi Heavy, says it wants to include Japanese companies in its supply chain.

Raytheon Co is also interested in Japan as a supplier as it see renewed demand for its Patriot missile defense system. Mitsubishi Heavy makes them under license in Japan.

As it revamps its twin-rotor Chinook transport helicopters, Boeing Co too could view Kawasaki Heavy, which builds them for Japan's Self-Defense Forces, as a potential supplier.

The most immediate goal of arm exports guidelines, say industry sources, could be to allow an upgraded ship-based SM-3 missile to be sold to third countries beyond the United States and Japan.

Designed jointly by Raytheon and Mitsubishi Heavy, it is meant to destroy ballistic missiles as part of a defense shield Japan is deploying to counter any potential threat from missile-armed North Korea.

(Editing by Robert Birsel)

  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

Reuters: Technology News: Nintendo keeps 2013/14 Wii U sales forecast unchanged at 9 million

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Nintendo keeps 2013/14 Wii U sales forecast unchanged at 9 million
Jul 31st 2013, 08:24

  • Tweet
  • Share this
  • Email
  • Print
The logo of Nintendo Co is pictured outside the company headquarters building in Kyoto, western Japan January 7, 2013. REUTERS/Yuriko Nakao

The logo of Nintendo Co is pictured outside the company headquarters building in Kyoto, western Japan January 7, 2013.

Credit: Reuters/Yuriko Nakao

TOKYO | Wed Jul 31, 2013 4:24am EDT

TOKYO (Reuters) - Nintendo Co said on Wednesday it has kept its Wii U game machine sales forecast for the year through March 2014 unchanged at 9 million consoles, although sales during the April-June first quarter were a modest 160,000 machines.

Nintendo, which began by making playing cards in the late 19th century, is counting on the new Wii U to revive its fortunes.

The creator of the Super Mario franchise sold 1.4 million 3DS handheld consoles in the quarter compared with 1.86 million during the same period a year earlier.

(Reporting by Shinichi Saoshiro; Editing by Edmund Klamann)

  • Tweet this
  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Comments (0)

Be the first to comment on reuters.com.

Add yours using the box above.


You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions
Read more »

 
Great HTML Templates from easytemplates.com.