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Tuesday, January 20, 2015

Technology Report: IBM posts fourth-quarter revenue below estimates

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IBM posts fourth-quarter revenue below estimates
(Reuters) - International Business Machines Corp reported quarterly revenue that missed analysts' estimates, as it grapples with dwindling demand for its servers and storage products.
Facebook clamps down on fake news stories
SAN FRANCISCO (Reuters) - Facebook Inc said on Tuesday it has taken steps to clamp down on "hoaxes" and fake news stories that can spread like wildfire on its 1.35-billion member online social network.
Alibaba, Tencent spend billions in race to be China's one-stop online shop
BEIJING/SHANGHAI (Reuters) - Alibaba and Tencent spent more than $8 billion last year alone backing often strikingly similar ventures, as the Chinese Internet giants race to create online one-stop-shops to win the digital loyalty of a tenth of the world's population.
Samsung's Tizen smartphone makes poor first impression in India
MUMBAI (Reuters) - Samsung Electronics Co Ltd's first smartphone to run on its own operating system received a frosty welcome after its launch in India, with reviewers and consumers criticizing its low-resolution cameras and dearth of software applications.
Redbox operator Outerwall's CEO steps down
(Reuters) - Redbox video rental kiosk operator Outerwall Inc's Chief Executive J. Scott Di Valerio has stepped down, less than two years at the company's helm.
Intel's diversity drive should focus on internal changes, advocates say
SAN FRANCISCO (Reuters) - When Intel Corp said this month it would spend $300 million on increasing diversity in its workforce, Silicon Valley lauded its plan to improve the "pipeline" of candidates by helping more women and minorities study computer science and engineering.
Satellite startup Planet Labs raises $95 million
SAN FRANCISCO (Reuters) - Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists, said on Tuesday it had raised $95 million to help build its business of selling satellite images and data to customers.
LightSquared creditors to vote on latest bankruptcy exit plan
NEW YORK (Reuters) - A U.S. bankruptcy judge on Tuesday gave wireless venture LightSquared the go-ahead to let creditors vote on its latest plan to exit bankruptcy, while also urging the company and creditors to seek a less contentious compromise.
Ex-UK spy chief says accord needed with tech firms to stop terrorism
LONDON (Reuters) - Intelligence agencies and technology companies need to agree on data-sharing to keep attacks like those in Paris earlier this month from becoming commonplace, the former head of Britain's foreign intelligence service said on Tuesday.
Canada competition watchdog seeks records from Indigo, Kobo
TORONTO (Reuters) - Canada's Competition Bureau said on Tuesday it has asked for records from Indigo Books and Music Inc , the country's biggest bookstore chain, as part of an on-going probe into alleged anti-competitive practices in the e-book market.
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