2012年1月6日星期五

Technology Report: Euro woes may affect Google ad sales: analyst

Reuters
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01/5/2012
News Good afternoon Bit
Barnes & Noble cut its Nook sales forecast for this year and shocked investors by saying it was considering a sale of the electronic reader and tablet business, sending its shares down sharply. The bookseller has been banking on the Nook for growth, so news that holiday sales of the basic touchscreen e-reader were disappointing raised investors' fears that Barnes & Noble was struggling to keep up with Amazon.com's Kindle.  "They're going to have to raise capital for Nook if they want to stay viable," said Morningstar analyst Pete Wahlstrom.

Michael Woodford, the former CEO of Olympus, is dropping his bid to retake control of the troubled company because of lack of support from Japanese institutional investors, according to a Wall Street Journal report. Woodford will announce his decision to give up a proxy battle with management on Friday, the report said, citing an unidentified aide. Woodford was fired as chief executive in October and blew the whistle on a $1.7 billion accounting scandal at the Japanese maker of medical devices and cameras.

AT&T is on track to finish its wireless network upgrade with faster mobile Web services by the end of 2013, having exceeded its target for 2011 by 4 million people, a top executive said.

General Motors said it has developed a proposed fix to the battery pack for the Chevrolet Volt to eliminate the risk of a fire being triggered days after a crash. GM said it would strengthen structural protection for the 400-pound lithium-ion battery in the Volt by adding steel reinforcements and take other steps to prevent coolant fluid from leaking and triggering a fire. GM will notify Volt owners of the fixes in the coming days. Owners will be able to have Chevrolet dealerships conduct the needed repair work starting in February, the automaker said.

Blogging on Research in Motion's downward spiral, Kevin Kelleher argues that:
...more than iPhones or Android phones, the main reason for RIM's precipitous decline is the sense of complacency and even denial by its co-CEOs Mike Lazaridis and Jim Balsillie, who greeted the new wave of touchscreen phones with indifference, as if they best knew the smartphone market they helped to pioneer. But markets evolve in unpredictable ways, and instead of building on the loyalty that Blackberry users felt for the brand, Lazaridis and Balsillie took it for granted.

British children adopted after abusive childhoods are at risk of fresh emotional turmoil as some birth parents turn to Facebook and other social networking sites to track them down, adoption agencies said. "Social networking sites have blown things open -- you can't keep things secret," said Julia Feast, consultant at the British Association for Adoption and Fostering."It really unsettles the whole family," she told Reuters. Since 2005, adopted adults and their birth relatives have had the legal right in the UK to ask for intermediary services from an approved agency to help them make contact with each other, but this can be turned down if there are concerns following an assessment. It's not known how many birth parents are using social networking sites to get around this, but the BAAF said it was receiving "more and more cases."
LATEST NEWS
Euro woes may affect Google ad sales: analyst
January 05, 2012 01:59 PM ET
(Reuters) - Benchmark Co analysts downgraded Google Inc to "hold" from "buy," citing a decline in advertising revenue from Europe and an uncertain outlook for the first half of this year. | Full Article
Nokia prospects brighten as chairman search narrows
January 05, 2012 10:04 AM ET
HELSINKI/TAIPEI (Reuters) - Struggling phone maker Nokia Oyj basked in brightening prospects for its much-hyped Windows phone on Thursday as it prepared to strengthen the hand of new boss Stephen Elop by replacing its old-guard chairman. | Full Article
Hacker mounts second attack on Israeli credit cards
January 05, 2012 03:54 PM ET
JERUSALEM (Reuters) - A Saudi-based computer hacker published details of thousands of active Israeli credit cards for the second time this week, the chief executive of Israel's largest card company said Thursday. | Full Article
Zynga releases first mobile game since IPO
January 05, 2012 03:36 PM ET
(Reuters) - Online game developer Zynga Inc is releasing a new mobile word game called "Scramble with Friends" on Thursday to expand its user base beyond Facebook and catch up with rivals in the handheld market. | Full Article
Analysis: Texting profits at risk as users look elsewhere
January 05, 2012 02:59 PM ET
NEW YORK (Reuters) - Text-messaging has long been a big-time profit generator for U.S. mobile operators, but they now risk losing these profits as consumers find cheaper ways to communicate. | Full Article
BUSINESS NEWS
Wall Street buoyed by rallying bank shares
January 05, 2012 04:38 PM ET
NEW YORK (Reuters) - Banks led Wall Street to gains on Thursday even as Europe struggled again, a sign investors are betting a relatively strong U.S. economy will help U.S. stocks outperform other markets. | Full Article
Private hiring soars; seasonal issues cloud gain
January 05, 2012 04:40 PM ET
NEW YORK (Reuters) - The jobs recovery gathered pace as a measure of private-sector hiring surged in December and claims for unemployment benefits fell, suggesting the battered labor market may continue to strengthen in 2012. | Full Article
Congress presses rating agencies on MF Global
January 05, 2012 03:26 PM ET
(Reuters) - Congressional investigators have launched an inquiry into the work of credit rating firms that examined MF Global Holdings Ltd's risky bets on European government bonds and whether they overlooked crucial information in their evaluations. | Full Article
Pepsi mulls job, pension cuts: report
January 05, 2012 03:53 PM ET
(Reuters) - PepsiCo Inc is considering cutting about 4,000 jobs and reducing pension contributions in order to boost its earnings, the New York Post said, citing sources close to the situation. | Full Article
Screws tighten on Iran as big buyers shun its oil
January 05, 2012 04:39 PM ET
TEHRAN (Reuters) - Iran faced the prospect on Thursday of cutbacks in its oil sales to China and Japan as new measures to cut off Tehran's crude exports appeared to be driving its economy to the wall. | Full Article
U.S. TOP NEWS
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