Technology Report: Nokia stalls painful job cut talks to end of April

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE
	03/23/2011
Good afternoon Bit Apple said top software engineer Bertrand Serlet will leave the Mac computer maker after more than a decade spent developing its signature operating system, Mac OS X. Craig Federighi, currently the vice president of Mac Software Engineering, will take over from Serlet and report to CEO Steve Jobs, Apple said in a statement. Yahoo refreshed its Internet search service, showcasing information from movie listings to weather forecasts as queries are entered. The Internet portal said that its Search Direct service will be available in the U.S. today on its main search Web page, and will gradually expand to the other parts of Yahoo, including the home page. Wide adoption of mobile wallets is being slowed by a behind-the-scenes battle among cellphone carriers, banks, credit card issuers, payment networks and tech companies, writes NYT's Tara Siegel Bernard and Claire Cain Miller. The stakes are enormous because small, hidden fees that are generated every time consumers swipe their cards add up to tens of billions of dollars annually in the U.S. alone, they add. Ericsson CEO Hans Vestberg sang the virtues of interconnectivity at the CTIA Wireless conference, predicting that 50 billion devices connected to wireless network by 2020 will make it easier to drastically reduce carbon emissions and lessen environmental impact, with the biggest opportunity to make a difference laying in placing all those devices on a smart grid, writes VentureBeat's Matthew Lynley. Ohio State University engineers have invented the first single, stationary lens to create microscopic 3D images, the school announced. The hope is that the lens will ultimately help manufacturers reduce the number and sizes of equipment needed to miniaturize products, associate professor Allen Yi said. LATEST NEWS Nokia stalls painful job cut talks to end of April March 23, 2011 01:57 PM ET HELSINKI (Reuters) - Nokia won't begin difficult talks with staff on deep job cuts it plans following a tie-up with Microsoft until the end of April. | Full Article Samsung denies rumors of Galaxy tablet inventory buildup March 23, 2011 01:37 AM ET SEOUL (Reuters) - Samsung Electronics Co, the world's No.2 handset maker, denied market speculation of massive inventory build-up in its Galaxy tablet on Wednesday. | Full Article Showtime and Netflix rework streaming content deal March 23, 2011 01:58 PM ET NEW YORK (Hollywood Reporter) - CBS Corp.'s Showtime will keep current, original series off Netflix's streaming video service when a current deal expires this summer. | Full Article Materials lead Wall Street higher but turmoil remains March 23, 2011 04:21 PM ET NEW YORK (Reuters) - U.S. stocks advanced on Wednesday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest. | Full Article Goldman's Blankfein says ex-director broke rules March 23, 2011 04:23 PM ET NEW YORK (Reuters) - Goldman Sachs Group Inc chief Lloyd Blankfein told jurors at Raj Rajaratnam's insider trading trial that a former director at Wall Street's most powerful bank violated boardroom confidentiality in discussions with the accused hedge fund manager. | Full Article BUSINESS NEWS New home sales plumb record lows, prices stumble March 23, 2011 04:28 PM ET WASHINGTON (Reuters) - Sales of new homes sank to a record low in February and prices were the weakest in just over seven years, underscoring the housing market's lingering malaise, which could slow the economic recovery. | Full Article Bernanke says new rules benefit smaller banks March 23, 2011 01:00 PM ET SAN DIEGO (Reuters) - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support from government, Federal Reserve Chairman Ben Bernanke said on Wednesday. | Full Article Fed tells Bank of America to rein in dividend plan March 23, 2011 01:05 PM ET CHARLOTTE, North Carolina (Reuters) - The Federal Reserve objected to Bank of America Corp's plans to boost the dividend and told the bank to revise its proposal, in a sign that regulators still view the lender as being weaker than its rivals. | Full Article Portugal parliament rejects government austerity plan March 23, 2011 04:30 PM ET LISBON (Reuters) - Portugal's parliament rejected government austerity measures on Wednesday in a vote that is set to topple the minority Socialist administration a day before a European summit and is likely pave the way for a snap election. | Full Article Japan nuclear crisis still a serious concern March 23, 2011 03:12 PM ET TOKYO (Reuters) - Tokyo residents were warned not to give babies tap water because of radiation leaking from a nuclear plant crippled in the earthquake and tsunami that devastated northeast Japan in the world's costliest natural disaster. | Full Article U.S. TOP NEWS Air strikes silence Gaddafi guns at besieged city Bombing near Jerusalem bus stop kills woman, 30 hurt Israel will act aggressively to preserve security: PM Refused a smooch, 92-year-old woman fires gun? Taco rage: Man upset at burrito price rise fires shots RELATED VIDEO Sculptor plans to create ice out of thin air in the heat of the desert Pedal power pump fuels hope in Japan Asiatic lily a blooming wonder A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Mayan relic sold for $4 million is a fake? Full Article Chavez says capitalism may have ended life on Mars Yes, sex can kill you, U.S. study shows Extra seats but still no room to sit on train - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend