Reuters: Technology News

Ireland writes to U.S. Senators to reject tax claims Posted: 31 May 2013 08:19 AM PDT DUBLIN (Reuters) - Ireland has formally rejected claims by U.S. Senators Carl Levin and John McCain that Ireland is a tax haven and that it handed Apple a special tax deal.

India authorities dismiss Nokia tax appeal Posted: 31 May 2013 05:43 AM PDT NEW YORK (Reuters) - Indian authorities dismissed Nokia's appeals over an income tax demand of 20.8 billion Indian rupees ($370 million), the phone company said, a setback for its efforts to resolve the dispute in a crucial market.

Dell urges shareholders to vote for CEO's offer Posted: 31 May 2013 05:07 AM PDT (Reuters) - Dell Inc urged shareholders on Friday to vote for the $24.4 billion buyout offer led by founder and Chief Executive Michael Dell at a special meeting on July 18, saying the bid was superior to other strategic options.

Telecom Italia shares fall more than 4 percent Posted: 31 May 2013 04:43 AM PDT MILAN (Reuters) - Shares in Telecom Italia fell more than 4 percent on Friday after being briefly halted from trading, a day after the company took the first step to spin off its fixed-line network.

Apple joins other foreign brands in raising prices in Japan Posted: 31 May 2013 03:56 AM PDT TOKYO (Reuters) - Apple Inc hiked prices of iPads and iPods in Japan on Friday, becoming the latest and highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes income.

Vodafone and China Mobile pull out of Myanmar race Posted: 31 May 2013 03:20 AM PDT LONDON (Reuters) - Britain's Vodafone and China Mobile said on Friday they had pulled out of the battle to win a new license in Myanmar, saying the conditions set by the country did not suit the two operators.

Hon Hai sets up display R&D company in Japan Posted: 31 May 2013 02:46 AM PDT TAIPEI (Reuters) - Taiwan's Hon Hai Precision Industry Co Ltd, said it set up a research and development company in Japan for displays and touch panels, its latest effort to strengthen its display business.

Carlyle, Advent, others in hunt for HP's MphasiS stake: sources Posted: 31 May 2013 01:59 AM PDT MUMBAI (Reuters) - Private equity giants Carlyle Group LP and Blackstone Group LP as well as Indian outsourcers L&T Infotech and Tech Mahindra Ltd, are lining up bids for Hewlett-Packard Co's $1 billion stake in India's MphasiS Ltd, several sources involved in the process said.

Megaupload founder wins access to evidence seized in raid Posted: 30 May 2013 11:35 PM PDT WELLINGTON (Reuters) - A New Zealand court granted Megaupload founder Kim Dotcom access on Friday to all evidence seized by police in a 2012 raid, bolstering the Internet entrepreneur's fight against extradition to the United States to face online piracy charges.

Dish puts Sprint bid for Clearwire under pressure Posted: 30 May 2013 06:15 PM PDT NEW YORK (Reuters) - One of the biggest minority shareholders in Clearwire Corp, on Thursday urged the wireless company to recommend against Sprint Nextel Corp's buyout offer after Dish Network Corp made a counter bid.

Intel scores major win in new Samsung Galaxy tablet: source Posted: 30 May 2013 03:15 PM PDT SAN FRANCISCO (Reuters) - Samsung Electronics has chosen an Intel Corp processor to power a new version of one of its top-tier Android tablets, a source with knowledge of the plans told Reuters, in a major victory for the U.S. chipmaker, which is struggling to find its footing in the mobile market.

U.S. to loosen sanctions on Iran for mobile phones, gadgets Posted: 30 May 2013 11:03 AM PDT WASHINGTON (Reuters) - The United States was set to relax sanctions on Iran on Thursday to allow American companies to sell mobile phones, software and other technology used for personal communications to Iranians, two U.S. officials said.

Facebook shares jump as brokers say usage concerns overblown Posted: 30 May 2013 10:40 AM PDT SAN FRANCISCO (Reuters) - Shares of Facebook Inc jumped 5.6 percent on Thursday after two investment brokerages upgraded their recommendations, arguing that concerns over the waning engagement of younger users were overblown.

Telecom Italia takes first step to spin off network Posted: 30 May 2013 09:52 AM PDT MILAN (Reuters) - Telecom Italia took a first step to spin off its domestic fixed-line access network on Thursday, a move that could allow the debt-laden Italian telecoms group to raise cash to fund investments.

U.S. groups expect WTO technology trade deal by July Posted: 30 May 2013 09:33 AM PDT WASHINGTON (Reuters) - A deal among the United States, China, the European Union and nearly two dozen other countries to eliminate duties on billions of dollars of technology products could be reached in the next two months, U.S. technology groups said on Thursday.

Facebook shares jump as brokers say usage concerns overblown Posted: 30 May 2013 09:15 AM PDT SAN FRANCISCO (Reuters) - Shares of Facebook Inc jumped 5.6 percent on Thursday after two investment brokerages upgraded their recommendations, arguing that concerns over the waning engagement of younger users were overblown.