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Daily Current Technology News - Reuter's Technology News

 Sun, 21 Sep 2014 09:01:20 GMT

SoftBank estimates $4.6 billion gain from Alibaba listing
Sun, 21 Sep 2014 08:54:58 GMTTOKYO (Reuters) - Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade.

Microsoft delays launch of its Xbox One console in China
Sun, 21 Sep 2014 08:51:46 GMTBEIJING (Reuters) - Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the year.

Facebook's Oculus unveils new virtual reality prototype device
Sat, 20 Sep 2014 19:22:28 GMTLOS ANGELES (Reuters) - Facebook Inc's Oculus VR unit announced an upgraded prototype of its virtual reality headset that has higher resolution and built-in audio, but the company said it is not ready to sell a device to consumers.

Rocket Internet CEO stands to lift stake via options: report
Sat, 20 Sep 2014 15:32:01 GMTFRANKFURT (Reuters) - Oliver Samwer, chief executive and co-founder of Rocket Internet is in a position to increase his stake in the German venture capital firm under a stock options program that will be part of its planned stock market listing, a German magazine report said on Saturday.

Alibaba surges 38 percent on massive demand in market debut
Sat, 20 Sep 2014 00:30:59 GMTNEW YORK (Reuters) - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.

When music stops for Oracle CEO dance, Catz may grab Ellison's chair : analysts
Fri, 19 Sep 2014 23:24:24 GMTNEW YORK (Reuters) - If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp ?

Other automakers to challenge Tesla in over-the-air software upgrades
Fri, 19 Sep 2014 22:37:17 GMTDETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Friday announced it is rolling out a software upgrade over-the-air to its current Model S owners, a unique ability that other automakers are expected to offer within a few years.

Los Angeles iPad rollout for schools slowed by technical challenges: report
Fri, 19 Sep 2014 21:57:16 GMTLOS ANGELES (Reuters) - An ambitious $1.3 billion program to provide an iPad or other device to every Los Angeles public school student has been slowed by technical challenges, with curriculum that was supposed to be built into the technology often incomplete, an independent report has found.

Apple faithful line up for latest, larger iPhones
Fri, 19 Sep 2014 21:50:51 GMTNEW YORK/SAN FRANCISCO (Reuters) - Apple Inc's latest phone lured throngs of gadget lovers, entrepreneurs and early adopters to its stores in New York, San Francisco and other cities around the world in the latest sign of strong initial demand for the new, larger generation of iPhones.

Alibaba surges 38 percent on massive demand in market debut
Fri, 19 Sep 2014 21:28:47 GMTNEW YORK (Reuters) - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.

Exclusive: France's Iliad sets mid-Oct deadline for T-Mobile US bid - sources
Fri, 19 Sep 2014 20:47:51 GMTLONDON/FRANKFURT (Reuters) - French low-cost telecom operator Iliad has set a mid-October deadline to decide whether to improve its bid for T-Mobile US or walk away as it faces resistance from seller Deutsche Telekom, several people familiar with the situation said.

Yahoo options volume hits record on Alibaba's market debut
Fri, 19 Sep 2014 20:45:22 GMTNEW YORK (Reuters) - Alibaba Group Holding Ltd's record public offering of shares on Friday further spurred already elevated activity in Yahoo Inc's options, pushing volume on the U.S. Internet company to a one-day record high.

Some consumers say Apple is losing its 'cool' factor
Fri, 19 Sep 2014 19:24:53 GMTSAN FRANCISCO (Reuters) - Holly Riggle, a 29-year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday.

With co-CEOs, Oracle sets challenging course
Fri, 19 Sep 2014 19:23:29 GMTSAN FRANCISCO (Reuters) - By promoting its two presidents to serve as co-chief executives instead of founder and CEO Larry Ellison, database-and-software behemoth Oracle is setting itself a course that has confounded other big companies.

Retail investors rush to buy Alibaba IPO
Fri, 19 Sep 2014 18:55:51 GMT(Reuters) - The biggest initial public offering of all time appears to have finally gotten U.S. retail investors' attention.

Rivals dash to support Apple Pay for fear of losing out
Fri, 19 Sep 2014 17:45:48 GMTFRANKFURT (Reuters) - In the hype-fueled technology industry, "revolutionary" is a word in danger of losing its meaning.

SAP buys expenses software maker Concur for $7.3 billion
Fri, 19 Sep 2014 17:39:57 GMTFRANKFURT (Reuters) - Germany's SAP has agreed to buy U.S. expenses software maker Concur for $7.3 billion in cash, strengthening its position in cloud computing, an area it long hoped to avoid until its momentum became too great to ignore.

Oracle shares slide after soft results, CEO change
Fri, 19 Sep 2014 17:17:59 GMT(Reuters) - Oracle Corp's shares fell as much as 5.5 percent after the database software maker reported disappointing quarterly earnings late Thursday and said Larry Ellison was stepping aside as chief executive.

U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme
Fri, 19 Sep 2014 17:01:44 GMT(Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme.




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