2011年6月15日星期三

Technology Report: Google shows features to speed up Web searches

Reuters
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06/14/2011
News Good afternoon Bit
Nokia is likely to be paid hundreds of millions of dollars by Apple after victory in a legal wrangle over technology used in its arch-rival's top-selling iPhone. Nokia said the deal would boost second-quarter earnings. Analysts said it was clear the sums involved would be significant, with some experts estimating Apple's one-off payment at $650 million.

J.C. Penney is bringing in Ron Johnson, Apple's senior vice president of retail, who oversaw the iPad maker's wildly successful foray into brick and mortar stores as its new chief executive. Johnson will take the reigns November 1, Penney said.

The recent string of sensational hacker attacks is driving companies to seek "cyberinsurance" worth hundreds of millions of dollars, even though many policies can still leave them exposed to claims, writes Ben Berkowitz. Insurers and insurance brokers say demand is soaring, as companies try to protect themselves against civil suits and the potential for fines by governments and regulators, but also as they seek help paying for mundane costs like "sorry letters" to customers.

World leaders should put cyber security on the international agenda at forums such as the G20 and bring pressure to bear on "slower-moving" nations to take a stand against hacking, Peter Coroneos, co-founder of the International Internet Industry Association said. "Getting the issue elevated to a level like the G20 would be a good way to promote engagement with economies that might otherwise move a little slower," Coroneos told Reuters.

It may take the Supreme Court to end a years-long battle between Olympic rowing twins Cameron and Tyler Winklevoss, and Facebook founder Mark Zuckerberg. The identical twin brothers are challenging a San Francisco federal appeals court ruling that upheld a $65 million cash-and-stock settlement they reached with Facebook in 2008. While they appeal to the Supreme Court, related litigation will be on hold, the appeals court ruled late on Monday.

Advanced Micro Devices is launching new processors aimed at mainstream personal computers and challenging rivals Intel and Nvidia. AMD's Llano chips, which include both central and graphics processors, are aimed at mid- to high-end laptops and desktop computers. The chips, part of AMD's Fusion family, have much-improved battery life and will soon be available in laptop and desktop computers, the Sunnyvale, California-based company said.

Google and solar power company SolarCity formed a partnership to create a new $280 million fund designated for residential solar projects -- the largest of its kind in the U.S.. Customers who want solar panels installed on their homes but do not want to make a big upfront investment, are able to tap the fund. SolarCity has more than 15,000 solar projects and finances about 80 percent of the its customers' solar systems.
LATEST NEWS
Google shows features to speed up Web searches
June 14, 2011 02:41 PM ET
SAN FRANCISCO (Reuters) - Google Inc unveiled new features and technology to speed up Web searches and to make it easier for people to use its flagship search engine as they increasingly access the Internet from handheld mobile devices. | Full Article
After RIM warning, all eyes on new product outlook
June 14, 2011 03:50 PM ET
TORONTO (Reuters) - Ever since Research In Motion warned about its quarterly results a month ago, investors have wanted to find out what the BlackBerry maker is doing to save its current quarter as it struggles to roll out competitive new products. | Full Article
Ericsson to buy Telcordia for $1.15 billion cash
June 14, 2011 02:44 PM ET
STOCKHOLM/LONDON (Reuters) - Mobile network gear maker Ericsson is to spend $1.15 billion in cash to buy U.S. group Telcordia to help it manage an explosion in data and services and fend off tough competition. | Full Article
California judge sides with Rambus on shredding
June 14, 2011 04:32 PM ET
SAN FRANCISCO (Reuters) - Rambus successfully fended off an attempt by opponents in an upcoming $4.38 billion antitrust trial to use a recent negative court ruling over document shredding against the chipmaker. | Full Article
Yemeni blogger seeks Swedish asylum after threats
June 14, 2011 02:17 PM ET
STOCKHOLM (Reuters) - A Yemeni blogger said on Tuesday she has applied for political asylum in Sweden after receiving death threats for her criticism of President Ali Abdullah Saleh and fears growing violence in her homeland. | Full Article
BUSINESS NEWS
Wall Street rebounds in oversold market
June 14, 2011 04:22 PM ET
NEW YORK (Reuters) - Stocks posted their biggest gains in nearly two months on Tuesday as retail sales figures allayed fears over the economy that had driven a six-week slump in the market. | Full Article
Consumers spend less, recovery seen on horizon
June 14, 2011 04:41 PM ET
WASHINGTON (Reuters) - Consumers have not pulled back aggressively despite the recent slowdown in the economy, retail sales data showed on Tuesday, and falling gasoline prices should support growth in the months ahead. | Full Article
Bernanke warns of crisis if debt limit not raised
June 14, 2011 04:26 PM ET
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Tuesday that a failure to lift the government's $14.3 trillion debt ceiling risks a potentially disastrous loss of confidence in America's creditworthiness. | Full Article
Regulators moves to delay swaps crackdown, bolster banks
June 14, 2011 12:52 PM ET
WASHINGTON (Reuters) - U.S. regulators threw a temporary bridge across the increasingly awkward gap between the idea of regulating the $600-trillion swaps market and the reality of actually doing it. | Full Article
Winklevoss vs Facebook court clash lives on
June 14, 2011 01:06 PM ET
NEW YORK (Reuters) - It may take the U.S. Supreme Court to end a years-long battle between a pair of Olympic rowing twins and Facebook Inc founder Mark Zuckerberg. | Full Article
U.S. TOP NEWS
Republican Huntsman to announce White House run
Bernanke, Obama warn as lawmakers meet on budget
JPMorgan dismisses mortgage head Lowman
CEOs less confident about economy: Roundtable
Republicans blast Obama, not each other
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