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Reuters Technology News

Apple eases app restrictions, Adobe shares jump
SAN FRANCISCO (Reuters) - Apple Inc is easing restrictions for building iPhone and iPad applications, a move that should allow for the use of third-party tools such as Adobe Systems' Flash software, a move that could ease the tension between the two companies.

"Resident Evil" movie uses 3D to engage viewers
SAN DIEGO (Reuters) - Video gamers are used to immersing themselves into virtual worlds so filmmakers turning video games into movies are aiming to keep them as involved, by adding 3D.

Hurd's Oracle hire package worth millions
SAN FRANCISCO/NEW YORK (Reuters) - Oracle Corp has offered its new co-president, former Hewlett-Packard chief Mark Hurd, a hiring package with a bonus of up to $10 million and options potentially worth tens of millions more.

Google seeks to speed up Web searches
SAN FRANCISCO (Reuters) - Google Inc's search engine now displays results before users finish typing.

Amazon.com "Mom" program bids for newborn loyalty
SAN FRANCISCO (Reuters) - Amazon.com Inc is offering free shipping and other perks on baby items such as diapers to attract new consumers to its growing subscription service in a burgeoning market.

Hurd's Oracle hire package worth millions
SAN FRANCISCO/NEW YORK (Reuters) - Oracle Corp has offered its new co-president, former Hewlett-Packard chief Mark Hurd, a hiring package with a bonus of up to $10 million and options potentially worth tens of millions more.

GM's OnStar tests Facebook and texting applications
DETROIT (Reuters) - General Motors Co has begun testing applications that allow subscribers to its OnStar vehicle communication system to update their Facebook status verbally and to receive text messages audibly.

Sony Pictures to animate Marvel characters: report
(Reuters) - Sony Pictures Entertainment, a division of Sony Corp, will partner with Marvel Entertainment to animate characters such as Iron Man, X-Men and Blade in Japan and broadcast them worldwide, the Nikkei business daily reported.

Nokia bets on new smartphones for recovery
HELSINKI (Reuters) - Nokia, the world's biggest cellphone maker by volume, will introduce new smartphone models next week at its annual media and industry event, aiming to assure investors the company is on track to recovery.

China Mobile falls as Vodafone sells $6.5 billion stake
HONG KONG (Reuters) - China Mobile shares fell the most in a year after Vodafone sold its stake in the company for $6.5 billion, nearly double what it paid, but analysts expect the stake sale to have no major impact on the Chinese firm.

U.S. Justice Dept probing Google/ITA deal: sources
WASHINGTON (Reuters) - The U.S. Justice Department is looking into allegations that Google Inc's purchase of airline ticketing firm ITA Software Inc will cost rivals access to data they need to compete with the search giant as it moves into the travel market, sources familiar with the probe said.

Salesforce.com offers Chatter networking on mobile
LONDON (Reuters) - Salesforce.com will offer mobile versions of its Chatter tool for social networking inside companies from later this year as it seeks to make its software more ubiquitous and its customers more productive.

HP sues to stop ex-CEO Hurd joining Oracle
SAN FRANCISCO (Reuters) - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."

Oracle investors cheer ex-HP boss Hurd's arrival
SAN FRANCISCO (Reuters) - Oracle Corp investors cheered the surprise hiring of former Hewlett-Packard Co Chief Executive Mark Hurd on Tuesday, sending the business software company's stock up sharply after the latest twist in a juicy drama that has captivated Silicon Valley.

U.S. Justice Dept probing Google/ITA deal: sources
WASHINGTON (Reuters) - The U.S. Justice Department is looking into allegations that Google Inc's purchase of airline ticketing firm ITA Software Inc will cost rivals access to data they need to compete with the search giant as it moves into the travel market, sources familiar with the probe said.

Google to start TV service in U.S. this autumn
BERLIN (Reuters) - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.

Sony to sell Spain TV factory in outsourcing drive
TOKYO (Reuters) - Japanese electronics maker Sony Corp said it would sell a factory in Spain making liquid crystal display TVs as part of its push to outsource more production and turn its struggling TV operations into a profit driver.

Samsung warns DRAM oversupply on weak PC sales
TAIPEI/SEOUL (Reuters) - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.

World's biggest mobile show woos Apple community
LONDON (Reuters) - The world's biggest mobile fair will host its first event for Apple developers next year in a sign of Apple's huge influence over the industry, even though the company itself has never participated in the show.

Jordanian websites shift political dissent online
AMMAN (Reuters) - Mocking officials online, exposing high-level corruption and discussing political tension could land journalists in many autocratic Middle East states in jail.

Nokia bets on new smartphones for recovery
HELSINKI (Reuters) - Nokia, the world's biggest cellphone maker by volume, will introduce new smartphone models next week at its annual media and industry event, aiming to assure investors the company is on track to recovery.

Oracle offered job to ex-HP CEO Hurd: source
NEW YORK (Reuters) - Oracle Corp has offered a job to Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal involving inaccurate expense receipts related to a female contractor, according to a source familiar with the situation.

Oracle offered job to ex-HP CEO Hurd says source
NEW YORK (Reuters) - Oracle Corp has offered a job to Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal involving inaccurate expense receipts related to a female contractor, according to a source familiar with the situation.

Craigslist.com blocks access to adult services ads
LOS ANGELES (Reuters) - Craigslist.com has dropped its "adult services" listings, which have become the target of U.S. state attorneys general who say the much-visited online classified ad site is not doing enough to quash prostitution.

Google faces Texas AG inquiry, settles privacy suit
SAN FRANCISCO (Reuters) - Google Inc said on Friday it was the target of an investigation by the Texas Attorney General's office into the fairness of its search engine rankings.
 

BBC Business

UK interest rates remain at 0.5%
The Bank of England keeps UK interest rates on hold at a record low of 0.5% for the 18th consecutive month.

Welfare bill 'to be cut by £4bn'
The government is planning to reduce the annual welfare bill by a further £4bn, Chancellor George Osborne tells the BBC.

Spending cuts 'to hit north harder'
Industrial areas in the North East and Midlands are least resilient to economic shocks, BBC-commissioned research suggests.

Global economy slowing, says OECD
The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, an economic group says.

Bmibaby luggage gauges too small
Budget airline Bmibaby has been charging customers to put bags in the hold when they are small enough for the cabin, the BBC learns.

Record goods trade deficit for UK
The UK's goods trade deficit widened to a record high in July after imports rose sharply and exports fell from the previous month.

Goldman Sachs fined £17.5m by FSA
Wall Street banking giant Goldman Sachs is fined £17.5m by the UK's financial watchdog.

Chote set to head Budget office
Economist and former journalist Robert Chote is to become the new head of the Office for Budget Responsibility.

Income tax: Interest may be added
HM Revenue & Customs says it is impossible to tell how many taxpayers may have to pay interest as a result of tax errors.

US exports near to two-year high
The US trade gap in July narrowed thanks to increased exports of large US-made items such as aircraft.

Defence firm BAE cuts 1,000 jobs
BAE Systems announces it is to axe almost 1,000 jobs across the UK, with 740 to go from five sites in England.

World Cup knocks trading at HMV
Music, computer games and book retailer HMV says that its sales were disrupted this summer by the football World Cup.

Shoppers turning to card payments
The number of cash machines in the UK has fallen and withdrawals have dropped as shoppers turn to cards, figures show.

New bank ratio 'to be set at 7%'
Central bank governors and senior regulators are to impose tighter restrictions on the level of assets banks must hold, the BBC has learnt.

Morrisons to test online shopping
The UK's fourth biggest grocer, Morrisons, says it hopes to trial online shopping and convenience stores next year.

Fat cat pensions 'worth millions'
Directors of big companies enjoy hugely generous pensions while cutting workers' pension entitlements, the TUC alleges.

Posties back Royal Mail bike cuts
Union leaders publicly endorse Royal Mail management plans to phase out bikes for postal deliveries.

EU ruling opens up German gambling market
German gambling restrictions breach European Union law, the EU's highest court rules

Writing off tax is 'unaffordable'
The country "cannot afford" to write off underpayments of income tax caused by problems with the calculation system, a minister says.

Halifax says house prices stable
UK house prices have stabilised, according to the latest survey from the Halifax.

Lycatel to make adverts clearer
Phone card firm Lycatel agrees to make its charges much clearer in its adverts for international phone cards.

Spain confirms its labour reforms
Spain's government says it will keep labour market reforms agreed in June which make it cheaper to sack workers.

US slips in competitiveness poll
The United States has been overtaken by Sweden and Singapore in the World Economic Forum's competitiveness survey.

South Korea in surprise rate hold
South Korea's central bank surprises markets by keeping interest rates on hold in the face of "global uncertainties".

BP's Hayward to face MP grilling
The outgoing boss of BP Tony Hayward is to be questioned by a committee of MPs over the Gulf of Mexico oil spill.

Profits set to fall at Argos firm
Home Retail Group, the owner of Argos and Homebase, says it expects half-year profits to be 25% lower because of falling sales.

Air Zimbabwe pilots in pay strike
Striking pilots at Air Zimbabwe have began talks with management over a pay dispute that has grounded the carrier's flights.

Transport plan for Games unveiled
Organisers of the 2014 Commonwealth Games unveil plans to keep athletes, spectators and staff moving during the event.

FIA rejects new team applications
Formula 1's governing body turns down all the entries from teams hoping to fill the vacant 13th slot in 2011, with former champion Jacques Villeneuve among those to miss out.

Nigeria arrests ex-football heads
Four Nigerian former football officials are arrested amid accusations that some $8m (£5m) went missing during the World Cup finals in South Africa.

BMI Baby to review bag size gauges
When flying with a budget airline hand luggage gauges are used to establish that the baggage is of the correct size, but what if BMI Baby are measuring hand luggage in gauges that are too small?

Shop vacancy rates continue to rise
The latest study suggests that despite a fragile economic recovery, the number of shops going out of business continues to rise.

Morrisons profits up 14% on year
Morrisons has announced half-yearly profit before tax of £410m, against profit of £359m a year before, an increase of 14%.

Tax officer: HMRC 'at melting point'
Serving tax officer: "HMRC has not been fit for purpose for a very long time. It's now at melting point"

Interest gap between Bank and cards
While UK interest rates have been kept at 0.5% for an 18th month in succession, the rates being charged by credit card providers are rising.

Goldman Sachs fine 'drop in a bucket'
Wall Street giant Goldman Sachs has been fined £17.5m ($27m) by the UK's City regulator, the Financial Services Authority.

Why do interest rates matter?
The BBC's Declan Curry looks at why interest rates matter

India's film stars go small screen
India's film-star hungry public do not have to go to the cinema to get their fix.

Vulnerable to public sector cuts?
Find out how resilient areas of England might be

Big money
Russia is home to the wealthiest expats

Deep pockets
Finding investors to delve beneath the ocean waves

Off the dial
What happened to Mercury, as in Mercury music prize?

Shale gas revolution
Could this rock be a new major energy source?

China calling
Can trade with China help the UK economy?
 

CNN Technology

Google Instant feeds real-time addiction
Google this week released its Instant Search feature, which displays live search results as soon as you begin typing.

Video game piracy: Is it good for business?
Although as old as gaming itself, software piracy has been making headlines lately, seen by many as a growing danger to a business just coming to grips with the transition to digital.

5 just-plain-weird video games
From turning random household objects into giant balls to stuffing princesses full of cake until they're morbidly obese, the video game industry has no shortage of strange ideas.
 

Guardian business news

RBS moves to force George Gillett and Tom Hicks to sell Liverpool

Morrisons boss Dalton Philips reveals plan to take on rival supermarkets

UK trade deficit hits new record

David Montgomery: life and times

Robert Chote to head Office for Budget Responsibility

Vladimir Raitz obituary

BAE to cut 946 UK jobs

Fidel Castro says communism doesn't work

Hostile takeover of Dana Petroleum likely

RBS and Barclays bounce as banks help lift FTSE 100 to a four month high

Standard & Poor's warns of wave of house repossessions

Redrow returns to profit under Steve Morgan

Positive US jobs and trade data help lift Wall Street and FTSE

This is George Osborne's chance to back away from austerity

A better way to fix the US housing crisis | Joseph Stiglitz

Interest rate held at 0.5%

How the pop-up craze is giving cinema back its soul

From the archive, 9 September 1950: Rescuers' all-day battle with gas

Trade: what the economists say

Mining shares shake off fears of Chinese commodities probe

HMV blames World Cup for sales slump

BP oil spill: the official Deepwater Horizon disaster timeline. As a spreadsheet and visualised

OECD cuts global economic growth forecasts

Should Goldman Sachs have been fined more?

Goldman has been fined by FSA for its failure to report a US fraud case



Goldman Sachs fined £17.5m by FSA over failure to report US fraud case

Dana drops below offer price as KNOC says it won't pay more than £18 a share

Nick Clegg: economic recovery will be 'choppy'

Global Competitiveness Index: the World Economic Forum's data

FTSE shrugs off shopping slowdown but Home Retail declines

Why pawnbrokers have become respectable | Deborah Orr
 

Reuters

McDonald's France lags in August; shares fall
LOS ANGELES/CHICAGO (Reuters) - McDonald's Corp's European sales growth in August fell from the sizzling levels it has experienced for much of this year due to weakness in France, sending its shares down nearly 3 percent.

Bank capital shake-up seen moderate, shares up
FRANKFURT/DUBLIN (Reuters) - A growing confidence that new bank capital rules are unlikely to be as stringent as many feared, and will allow years to implement change, buoyed European bank stocks on Thursday.

Bank holds rates, no change to QE
LONDON (Reuters) - The Bank of England kept interest rates at 0.5 percent for the 18th month in a row and announced no new quantitative easing purchases, in a widely expected decision on Thursday.

FTSE hits 4-mth closing high on banks, U.S. data
LONDON (Reuters) - Britain's top share index rose sharply on Thursday to post a four-month closing high, as U.S. weekly jobless claims fell more than expected and further eased concerns of the United States falling back into recession.

Thames River pays out £26 million, profits fall
LONDON (Reuters) - Thames River Capital, the fund firm recently bought by rival F&C , has shared 25.9 million pounds between the partners of its main subsidiary, despite a fall in profits and big outflows from its hedge funds.

UK watchdog fines Goldman Sachs $27 million
NEW YORK/LONDON (Reuters) - Britain's financial watchdog fined Goldman Sachs Group Inc 17.5 million pounds for failing to tell the regulator that it was the subject of a U.S. probe, reviving disclosure headaches for the Wall Street powerhouse.

Anglo Irish bailout bill due in weeks, tops 25 billion euros
DUBLIN (Reuters) - Ireland said on Thursday it would announce the cost of winding down troubled lender Anglo Irish Bank within weeks, aiming to draw a line under an issue that has raised fears of a full-blown Irish debt crisis.

Morrison eyes new growth avenues in tough market
LONDON (Reuters) - Wm Morrison Supermarkets , Britain's fourth-biggest grocer, will test convenience stores and selling over the internet next year as it seeks to broaden its growth avenues against a tough backdrop for consumers.

Vodafone hives off minority stakes in new structure
LONDON (Reuters) - Vodafone , the world's largest mobile operator by revenue, is to simplify its structure following a drive to overhaul its portfolio after investor complaints.

Morrison's eyes new growth avenues in tough market
LONDON (Reuters) - Wm Morrison Supermarkets will test convenience stores and selling over the internet next year as it seeks to broaden its growth avenues against a tough backdrop for consumers.

BAE Systems to cut 740 UK jobs
LONDON (Reuters) - BAE Systems plans to shed 740 jobs in its military aerospace business in Britain, it announced on Thursday, ahead of the government's defence spending review.

Regulator blocks NAB's $12 billion bid for AXA unit
SYDNEY (Reuters) - National Australia Bank's (NAB) $12 billion (7.8 billion pounds) bid for AXA Asia Pacific has been blocked for a second time, dashing its efforts to cement its lead in the world's fourth-largest wealth management market.

KNOC nears Dana takeover, firm on $2.6 billion offer
SEOUL/LONDON (Reuters) - Korea National Oil Corp looked closer to securing the 1.67 billion pounds hostile takeover of oil firm Dana Petroleum after investors accepted it was not budging on price.

July goods trade gap hits record as imports surge
LONDON (Reuters) - Britain's goods trade deficit with the rest of the world unexpectedly widened to a record high in July after imports of chemicals and oil surged and exports fell, data showed on Thursday.

HMV eyes stronger games market after World Cup hit
LONDON (Reuters) - Music, books and games retailer HMV Group hopes rivals to the Nintendo Wii will drive the games market in the key Christmas period after reporting a worse-than-expected plunge in first-quarter sales .

Lloyds to sell Crest Nicholson stake to Varde - sources
LONDON (Reuters) - Lloyds Banking Group has agreed to sell its stake in housebuilder Crest Nicholson, as the bailed-out bank sheds non-core assets to refocus on its core lending activities.

Home Retail lowers guidance as poor feel pinch
LONDON (Reuters) - Home Retail , the No. 1 household goods retailer, lowered guidance for full-year profit, with sales and margins at its Argos stores still falling as cash-strapped low-income shoppers trim their spending.

Australia watchdog blocks NAB's $12 billion AXA unit bid
SYDNEY (Reuters) - Australia's competition regulator blocked National Australia Bank's $12 billion (7.8 billion pound) bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its dominance in the world's fourth-largest wealth management market.

Deputy PM Clegg sees uneven economic progress
LONDON (Reuters) - Deputy prime minister Nick Clegg said on Thursday that economic progress would not be smooth but warned against talking down the economy.

Spread better IG Group's Q1 revenues rise
LONDON (Reuters) - IG Group , biggest spread betting company, posted a sharp rise in first quarter revenues on Thursday and said it was well placed for further growth despite continued financial market uncertainty.

Premier Farnell Q2 beats market view, Aug sales strong
LONDON (Reuters) - Electronic components distributor Premier Farnell more than doubled its profit in the second quarter, beating market expectations, helped by strong growth in China and a recovery in North America.

Home Retail sees H1 profit down 20-25 percent
LONDON (Reuters) - Home Retail , the No. 1 household goods retailer, forecast a 20-25 percent reduction in first-half profit, with sales at its Argos stores continuing to fall as low income shoppers cut back on spending.

Bank to keep rates at record lows amid recovery doubts
LONDON (Reuters) - The Bank of England looks set to keep interest rates at a record low on Thursday -- and probably well into next year -- to keep the recovery on track in the face of austerity measures and a weakening U.S. economy.

Lloyds set to sell Crest Nicholson stake - report
LONDON (Reuters) - Lloyds Banking Group is to sell its stake in bank-owned housebuilder Crest Nicholson for 150 million pounds, the Financial Times said on Thursday.

UBS hires two bankers for Singapore-based private bank unit
SINGAPORE (Reuters) - UBS has hired two bankers to join its ultra high net-worth team in Singapore, the bank said in an internal memo.
 
 




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