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Friday, December 9, 2011

Technology Report: DOJ to seek delay or dismissal in AT&T trial

Reuters
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12/9/2011
News Good afternoon
Hitachi and Sony "have teamed up to supply Apple with 4-inch LCD displays for an unspecified iOS device that will hit the market in 2012," Apple Insider reported.

Hewlett-Packard is keeping webOS, the mobile operating system, but will submit it to developers and companies, potentially taking on Google's free Android platform that is popular with handset makers.

Bloomberg reports that "Amazon.com should end its price-checking promotion because it gives consumers an incentive to gather price data from small retailers and leave stores without spending money," Senator Olympia Snowe said.

The world's No. 1 online social network Facebook is preparing for a blockbuster initial public offering that could create more than 1000 millionaires.

Venture capitalist Marc Andreessen said he is not interested in the chief executive job at Yahoo Inc, the Internet company that is currently fielding investment offers from various firms.

Controversial advertising software is "wreaking havoc on the ad businesses of Web giants including Facebook, Google and Yahoo," inserting a layer of ads on websites or covering up other paying ads, reports Emily Steel at the Wall Street Journal.
LATEST NEWS
DOJ to seek delay or dismissal in AT&T trial
December 09, 2011 02:16 PM ET
WASHINGTON (Reuters) - The U.S. Justice Department said on Friday it would seek to stay or dismiss its lawsuit to stop AT&T Inc's purchase of T-Mobile USA because AT&T withdrew its application with the Federal Communications Commission, which must approve the deal. | Full Article
Motorola wins German patent case ruling vs Apple
December 09, 2011 02:11 PM ET
(Reuters) - Motorola Mobility won a preliminary injunction against Apple Inc in Germany, which could bar the sales of iPhones and iPads in the country. | Full Article
Marc Andreessen not interested in Yahoo CEO job
December 09, 2011 03:06 PM ET
Dec 9 (Reuters) - Venture capitalist Marc Andreessen said he is not interested in becoming chief executive of Internet pioneer Yahoo Inc, whose struggle to compete with the likes of Google and Facebook have forced it to explore proposals to revamp its business. | Full Article
Irreverent atheists crowdsource charitable giving
December 09, 2011 02:14 PM ET
GENEVA (Reuters) - Atheist bloggers have shown their charitable side by swarming to donate money to Doctors Without Borders, in what turned into the humanitarian agency's biggest online fundraiser. | Full Article
Wall St rises on EU deal but rally seen temporary
December 09, 2011 03:02 PM ET
NEW YORK (Reuters) - Stocks rose on Friday as European Union leaders agreed on measures to tackle the region's sovereign debt crisis and data showed U.S. consumer confidence rose to a six-month high. | Full Article
BUSINESS NEWS
Europe pushes ahead with fiscal union, UK isolated
December 09, 2011 02:35 PM ET
BRUSSELS (Reuters) - Europe secured an historic agreement to draft a new treaty for deeper economic integration in the euro zone on Friday, but Britain, the region's third largest economy, refused to join the other 26 countries in a fiscal union and was left isolated. | Full Article
Consumer sentiment up, trade gap narrows
December 09, 2011 02:30 PM ET
NEW YORK (Reuters) - An index of consumer sentiment rose to its highest in six months in early December and the trade deficit narrowed in October in the latest signs that the U.S. economy's health is slowly improving. | Full Article
DuPont cuts 2011 forecast, pushing shares down
December 09, 2011 02:44 PM ET
(Reuters) - Chemical maker DuPont cut its 2011 profit outlook on Friday due to weak electronics and housing markets, sending its shares down more than 3 percent. | Full Article
MF Global clients to get $2.2 billion
December 09, 2011 02:22 PM ET
NEW YORK (Reuters) - A judge approved a $2.2 billion transfer to U.S. commodities customers of fallen brokerage MF Global on Friday as a trustee acknowledged there were suspicious transfers leading up to its October 31 collapse. | Full Article
White House rejects Republican payroll tax proposal
December 09, 2011 03:20 PM ET
WASHINGTON (Reuters) - The White House rejected on Friday the latest proposal from Republicans in Congress on a payroll tax cut, saying its costs needed to be offset in a balanced away and not with budget cuts exempting the rich. | Full Article
U.S. TOP NEWS
Virginia Tech shooter killed himself: police
Ford recalls 129,000 sedans; wheels may fall off
Video posted of former FBI agent missing in Iran
Labor board says Boeing case is closed
"Chavez Nativity" creates controversy in Venezuela
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