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Wednesday, April 4, 2012

Technology Report: Yahoo to lay off 2,000 employees

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04/4/2012
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Yahoo to lay off 2,000 employees
(Reuters) - Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in years as new Chief Executive Scott Thompson tries to jumpstart growth from within a leaner, more agile company while saving hundreds of millions of dollars.
Facebook launches patent counterattack against Yahoo
SAN FRANCISCO (Reuters) - Facebook fired back on Tuesday in its legal battle with Yahoo by accusing the Web pioneer of infringing 10 of Facebook's patents, according to a court filing.
Twitter heads to Motown to be closer to automakers
DETROIT (Reuters) - Twitter, looking for better proximity to car companies with hefty ad budgets, said on Wednesday it will open an office in Detroit just as the city's elected leaders scramble to avoid bankruptcy or a state takeover.
Online startup seeks to rival the Ivy League
(Reuters) - Former Silicon Valley CEO Ben Nelson has two years and $25 million to transform higher education.
YouTube to offer Paramount movie rentals
SAN FRANCISCO (Reuters) - Even courtroom adversaries can be partners in the nascent online movie rental business.
Publisher-backed venture starts digital newsstand
(Reuters) - A venture founded by five leading U.S. publishers launched a digital newsstand for tablet devices featuring 32 magazines including Elle, Sports Illustrated and The New Yorker.
BlackBerry maker RIM sued by NXP over patents
(Reuters) - A Dutch semiconductor company said on Tuesday it had filed a patent infringement suit against Research In Motion Ltd, adding to the BlackBerry maker's troubles and sending its shares tumbling.
Analysis: GameStop sees solid future despite video game shift to digital
(Reuters) - GameStop executives are tired of hearing about investors who bet against the stock of the video game retailer that they have given them a nickname: shallow divers.
SanDisk sees weak demand, pricing hurting rev, margins
(Reuters) - Flash-memory maker SanDisk Corp warned that weak demand from mobile phone manufacturers and a glut in supply that has led to lower prices are hurting its revenue and margins, sending its shares down 7 percent in after-market trading.
Toshiba to build new NAND chip plant: media
TOKYO (Reuters) - Toshiba Corp plans to build a new NAND flash memory plant in Japan as early as this summer as demand for mobile devices continues to expand, the Nikkan Kogyo newspaper reported on Wednesday.
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