Source Match Technology News
Obama relying on untested oversight board on NSA
WASHINGTON (AP) — The obscure oversight board that President
Barack Obama wants to scrutinize the National Security Agency's
secret surveillance system is little known for good reason. The
U.S. Privacy and Civil Liberties Oversight Board has operated
fitfully during its eight years of low-profile existence, stymied
by congressional infighting and, at times, censorship by government
lawyers.
New CEO begins Alcatel makeover
By Leila Abboud PARIS (Reuters) - Telecom equipment maker
Alcatel-Lucent will focus on its high-growth fixed and mobile
products and slim down via 1 billion euro in cost cuts by 2015 in a
bid to reverse years of losses. The new plan unveiled on Wednesday
by Michel Combes, the company's new chief executive, will also
include unspecified asset sales of above 1 billion and 2 billion
euros in debt re-financing by 2015, followed by a further 2 billion
in debt reduction that could include issuing new shares. ...
Rhode Island on track to make payment on 38 Studios bonds
(Reuters) - Rhode Island remains on track to make a $2.5
million interest payment next year on bonds that were used to
finance the facilities of 38 Studios, a now-bankrupt videogame
company founded by former Boston Red Sox pitcher Curt Schilling.
The state's House Finance Committee approved a budget late Tuesday
night that included making an interest payment next May on $75
million of taxable bonds that the state sold in 2010 to make a loan
to the company and lure it to Rhode Island. The company's loan
payments were originally supposed to secure the bonds. ...
Acer sees tablet, notebook PC shipments to be flat in second quarter
TAIPEI (Reuters) - Acer Inc, the world's No.4 PC vendor, said
on Wednesday that it expects notebook and tablet PC shipment to be
flat in the second quarter from the first quarter, versus an
prediction of 0-5 percent growth made in April. Acer Chairman J.T.
Wang made the comment to reporters at the firm's annual shareholder
meeting. ...
We All Need to Help NASA Find Killer Asteroids
Welcome to the NASA Grand Challenge, where everyone from
government agencies to citizen scientists will compete to figure
out the best way to detect and study earth-threatening asteroids.
This is a real thing that is happening, and it's all complimentary
to the agency's initiative to lasso an asteroid for further
study.
AT&T looks to keep users powered up with solar charging stations
Cape Wind gets $200M investment from Danish fund
CBO: Senate Immigration bill would help economy
WASHINGTON (AP) — Sweeping immigration legislation moving
toward a vote in the Senate would boost the economy and reduce
federal deficits, the Congressional Budget Office said Tuesday, at
the same time it would bestow legal status on an estimated 8
million immigrants living in the United States unlawfully.
HTC reaffirms pledge to bring Android 4.2 to HTC One
Dish abandons Sprint bid for now to focus on Clearwire
By Sinead Carew NEW YORK (Reuters) - Dish Network Corp said it
would not make a new offer to buy No. 3 U.S. wireless provider
Sprint Nextel in time for a Tuesday deadline and would instead
focus on its tender offer for Clearwire Corp. The decision may be
good news for Japan's SoftBank Corp, which is also trying to buy
Sprint. A purchase by SoftBank could provide Sprint with access to
more capital that it could use to beef up its network and compete
better. ...
Adobe expects third-quarter Creative Cloud subscriber adds to exceed second-quarter
By Sruthi Ramakrishnan (Reuters) - Adobe Systems Inc, known for
its Photoshop and Acrobat software, reported a higher-than-expected
adjusted second-quarter profit and said demand rose for Creative
Cloud, the subscription-based version of its flagship software
package. The company said it expects the number of paid subscribers
for Creative Cloud in the current quarter to top the 221,000
subscribers who signed up in the second quarter, increasing the
total to 700,000. The company added 153,000 subscribers in the
first quarter. ...
Kodak prepares $406 million offering as it eyes bankruptcy exit
(Reuters) - Eastman Kodak Co on Tuesday said it will seek court
approval for a $406 million rights offering that could give
creditors a big equity stake in the company after it emerges from
Chapter 11 bankruptcy protection. Kodak said creditors agreed to
backstop an offering that would let the Rochester, New York-based
company issue 34 million common shares at $11.94 each, equal to
about 85 percent of the equity of a reorganized company. ...
BlackBerry 10 sales said to be slow in the U.S., strong elsewhere
Nvidia to license graphics technology: CEO
By Noel Randewich SAN FRANCISCO (Reuters) - Nvidia Chief
Executive Jen-Hsun Huang said he will license graphics technology
to other companies, a new model for the chipmaker that could lead
to new business with Apple, Samsung and other mobile device makers.
Huang told the Reuters Global Technology Summit in San Francisco on
Tuesday that licensing graphics cores and visual patents would help
Nvidia take greater advantage of the booming market for smartphones
and tablets and tap markets it could not reach through selling its
own chips. ...
FCC nominee Wheeler says will promote competition
Vodafone raises Kabel Deutschland offer after rival bid: report
(Reuters) - Britain's Vodafone Group Plc has raised its
preliminary offer to buy Germany's largest cable operator, Kabel
Deutschland Holding AG, a day after U.S. media group Liberty Global
Plc made a rival bid, Bloomberg reported on Tuesday, citing people
familiar with the bid. Bloomberg reported that Vodafone told Kabel
Deutschland this week that it would be willing to pay 85 euros a
share compared with its initial offer of 80 euros to 82 euros for
the German company. Vodafone is said to be studying Kabel
Duetschland's books before making an official offer, Bloomberg
said. ...
DreamWorks says TV revenue to hit $200M by 2015
Icahn changes tack, seeks $16B Dell stock buyback
Microsoft slashes Surface tablet prices for schools
Exclusive: SunGard explores $2 billion data unit sale - sources
Microsoft says it freed millions of computers from criminal botnet
By Jim Finkle BOSTON (Reuters) - Microsoft Corp said that an
assault it led earlier this month on one of the world's biggest
cyber crime rings has freed at least 2 million PCs infected with a
virus believed to have been used to steal more than $500 million
from bank accounts worldwide. "We definitely have liberated at
least 2 million PCs globally. That is a conservative estimate,"
Richard Domingues Boscovich, assistant general counsel with
Microsoft's Digital Crimes Unit, said in an interview on Tuesday.
...
Icahn seeks Dell share buyback, buys Southeastern stock
(Reuters) - Billionaire investor Carl Icahn promised Dell Inc
shareholders that the company would buy back up to $16 billion of
stock if they join his campaign to stop the computer maker from
going private. Time is running out for Icahn. Next month, the
company's shareholders will vote on whether to accept a $24.4
billion bid from the company's founder, Michael Dell, and private
equity firm Silver Lake, and so far shareholders' reaction to two
of Icahn's proposals has been mixed. Icahn has said repeatedly that
Michael Dell's bid undervalues the company. ...
Will Google's Request to Publish Secret Court Orders Do Anything?
Google has filed a motion to end the gag order on the secret
FISA court requests that it gets from the government as a part of
the National Security Agencies surveillance, which could work
considering how recent efforts to reveal the secrets of the secret
court have gone. Just the other day, right after we all learned
about PRISM, the court granted the Electronic Frontier Foundation a
legal victory in its battle to uncover some of the secret courts
secrets. Of course, that was just one tiny step in the path toward
more transparency. ...
Mississippi leans on Google to crack down on illegal products
By Diane Bartz WASHINGTON (Reuters) - Mississippi's attorney
general said on Tuesday he would subpoena documents from Google Inc
as part of a probe into allegations the Web search company
facilitated the sale of drugs without a prescription and other
illegal products. Google responded in a blog post that it had been
vigorous in working to limit drug advertisements to legitimate
companies that comply with the law and to combat what it called
"rogue online pharmacies. ...
LG reportedly prepping smartphone with always-on voice commands
Alcatel-Lucent revamp aims to cut 1 billion euros in costs: report
PARIS (Reuters) - Telecommunications gear maker Alcatel-Lucent
aims to cut a billion euros in costs and focus on the IP router
business and mobile broadband as part of a strategic revamp to be
unveiled by its new chief executive on Wednesday, French daily Les
Echos reported. The paper said without citing its sources that the
impact on jobs would be minimal while the cost cuts would come from
general and commercial expenses. It also said that Alcatel-Lucent
would aim to divest 1 billion euros ($1.34 billion) of assets in
the next three years, without saying which ones. ...
Sony Xperia Z launches soon on T-Mobile
Google challenges surveillance court on First Amendment grounds
SEATTLE (Reuters) - Google Inc asked the U.S. Foreign
Intelligence Surveillance Court on Tuesday to allow it to publish
aggregate numbers of national security requests it receives
separately from criminal requests, on First Amendment grounds. In
its filing, Google requested the court to allow it to publish the
aggregate number of national security requests it receives,
including disclosures under the Foreign Intelligence Surveillance
Act (FISA), claiming it as part of its First Amendment right to
free speech. ...
From the ashes of Webvan, Amazon builds a grocery business
By Alistair Barr SAN FRANCISCO (Reuters) - The online grocery
start-up Webvan may have been the single most expensive flame-out
of the dot-com era, blowing through more than $800 million in
venture capital and IPO proceeds in just over three years before
shutting its doors in 2001. Twelve years later, though, Webvan is
rising from the dead - in the form of an online grocery business
called AmazonFresh. Four key Amazon. ...
Adobe profit beats as Creative Cloud subscriptions soar
By Sruthi Ramakrishnan (Reuters) - Adobe Systems Inc, which
makes the Photoshop and Acrobat software, reported a
higher-than-expected adjusted quarterly profit as demand rose for
Creative Cloud, the subscription-based version of its flagship
software package. Shares of the company rose 4.4 percent in
after-market trading. They closed at $43.36 on the Nasdaq on
Tuesday. Adobe has been shifting to web-based subscription service
Creative Cloud from a licensing model since last year. ...
Facebook looks to Samsung for help in wake of HTC First disaster
Shipments of quad-core smartphones hit 40 million in 2012
Chevron selling three more Nigerian oil blocks
ABUJA (Reuters) - U.S. energy firm Chevron is selling three
more Nigerian oil blocks, the company said on Tuesday, taking to
five the number of assets it is selling in Africa's biggest oil
producer. Chevron is selling its 40 percent stake in OML 52, 53 and
55 in the Niger Delta, the company said in a statement, after
announcing the sale of the same stake in OML 83 and OML 85 last
week. The sale will be handled by French Bank BNP Paribas, oil and
banking sources told Reuters. The bank did not immediately respond
to request for comment. ...
New Android apps worth downloading: Cloud Print, StudyBlue, Beejumbled
Chevron secures Iraqi Kurdish oil deal
Jefferies analysts upgrade some oil companies