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Tuesday, October 23, 2012

Technology Report: Apple unwraps mini-iPad to take on Amazon, Google

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10/23/2012
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Apple unwraps mini-iPad to take on Amazon, Google
SAN JOSE (Reuters) - Apple Inc took the wraps off an 8-inch tablet on Tuesday in its biggest product move since the debut of the iPad two years ago, launching a smaller version of the gadget into a market staked out by Amazon.com Inc and Google Inc.
Facebook third-quarter revenue rises 32 percent to $1.26 billion
SAN FRANCISCO (Reuters) - Facebook Inc's revenue rose 32 percent in the third quarter to $1.26 billion.
Brands cry foul over unauthorized sellers on Amazon
SAN FRANCISCO (Reuters) - Amazon.com Inc is grappling with a problem that eBay Inc has struggled with for years: the proliferation of unauthorized third-party sellers that undercut the world's top consumer brands.
Samsung wins preliminary round over Apple patent
WASHINGTON (Reuters) - Samsung Electronics Co Ltd, which is battling Apple Inc across the globe for dominance of the smartphone market, dealt the California company a setback by winning a preliminary invalidation of a key Apple patent, according to a court filing.
Broadcom posts higher revenue, profit declines
NEW YORK (Reuters) - Broadcom Corp posted higher quarterly revenue on strength across its business segments but its profit declined on rising costs.
Nokia seeks $972 million from bonds to help drive fightback
HELSINKI (Reuters) - Mobile phone maker Nokia plans to raise 750 million euros ($972 million) from bonds convertible into shares, seeking a cheap way to help finance its fight to claw back market share lost to Apple and Samsung.
Netflix reports third-quarter profit
LOS ANGELES (Reuters) - Video rental service Netflix Inc posted a third-quarter profit on Tuesday as the addition of new streaming subscribers in the United States lifted revenue.
EBay seeks partner to tackle Russian delivery issues
MOSCOW (Reuters) - EBay Inc expects its Russian business to skyrocket if it can overcome logistical hurdles and is seeking a local partner to help it do so, its country head told Reuters.
Sony to close Tokyo tech center to trim costs
TOKYO (Reuters) - Sony Corp plans to shut operations in a Tokyo office building that houses 8 percent of its Japan staff, one of the first concrete moves by the electronics and entertainment company to pave the way for 4,000 job cuts.
Gadgets add complexity to brutal bank layoffs
LONDON (Reuters) - In the high-tech, gadget-addicted world of investment banking, layoffs are becoming more complex and brutal as firms try to stop sensitive data leaving with employees.
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