Category: Biz Tech

By Irene Klotz CAPE CANAVERAL, Fla Sun Jan 11, 2015 8:41am IST The unmanned Falcon 9 rocket launched by SpaceX on a cargo resupply service mission to the International Space Station lifts off from the Cape Canaveral Air Force Station in Cape Canaveral, Florida, January 10, 2015. Credit: Reuters/Scott Audette CAPE CANAVERAL, Fla (Reuters) - An unmanned SpaceX rocket blasted off on Saturday to deliver a cargo capsule to the International Space Station, but narrowly failed a novel test to land itself on

By Doina Chiacu WASHINGTON Sat Jan 10, 2015 10:31pm IST U.S. President Barack Obama speaks about the French hostage situation during his visit to Pellissippi State College in Knoxville, Tennessee, January 9, 2015. Credit: Reuters/Kevin Lamarque Related Topics Dozens of world leaders lead hundreds of thousands of French citizens in an unprecedented march.   Pics  WASHINGTON (Reuters) - President Barack Obama will highlight plans next week to protect American consumers and businesses from cyber threats, a month after the most high-profile hacking attack on a

By Malathi Nayak LAS VEGAS Mon Jan 5, 2015 11:36am IST Apple CEO Tim Cook speaks about the Apple Watch during an Apple event at the Flint Center in Cupertino, California, September 9, 2014. Credit: Reuters/Stephen Lam/Files LAS VEGAS (Reuters) - Apple’s forthcoming smartwatch poses a conundrum for advertisers: How to tap the enticing possibilities of the tiny gadget without overwhelming consumers with messages. At this week's Consumer Electronics Show in Las Vegas, mobile-marketing firm TapSense plans to release an Apple Watch ad-buying service.

SHANGHAI Sun Jan 4, 2015 7:47pm IST Lei Jun, founder and chief executive officer of China's mobile company Xiaomi Inc, introduces the new features of Xiaomi Phone 4 at its launching ceremony, in Beijing, July 22, 2014. Credit: Reuters/Jason Lee/Files Related Topics Stocks     Bollywood actor Deepika Padukone turns 29.  Pics  SHANGHAI (Reuters) - Fast-growing Chinese tech firm Xiaomi Technology Ltd Co booked 74.3 billion yuan ($11.97 billion) in pre-tax sales last year, up 135 percent from 2013, the firm's chief executive Lei Jun said

MUMBAI Sat Jan 3, 2015 7:26pm IST A worker displays a Micromax mobile phone inside a store in Kolkata December 4, 2013. Credit: Reuters/Rupak De Chowdhuri/Files Related Topics Stocks     Bollywood actor Deepika Padukone turns 29.  Pics  MUMBAI (Reuters) - Micromax Informatics, India's second-largest smartphone maker, plans to raise as much as $500 million through a stock market listing in its financial year beginning in April, the Economic Times newspaper reported on Saturday. Micromax, which entered the Indian handset market in 2008 with cheap large-screen phones,

By Alwyn Scott and Irene Klotz NEW YORK/CAPE CANAVERAL Fla. Sat Nov 1, 2014 6:22am IST A piece of debris is seen near the scene of the crash of Virgin Galactic's SpaceShipTwo near Cantil, California October 31, 2014. Credit: Reuters/Lucy Nicholson NEW YORK/CAPE CANAVERAL Fla. (Reuters) - The wait for paying passengers to see Earth from the vantage point of space looked a lot longer on Friday, following the fatal crash of Virgin Galactic’s first spaceship, but aspiring space tourists did not appear

BEIJING Fri Oct 31, 2014 2:56pm IST Visitors use their smarts phones underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing May 6, 2014. Credit: Reuters/Kim Kyung-Hoon/Files Related Topics Stocks     Photographs from India which caught our eyes this week  Pics  BEIJING (Reuters) - Tencent Holdings Ltd said on Friday it would collaborate with International Business Machines Corp (IBM) on a new cloud software business for corporate customers, a marked departure for one of the dominant forces in China's consumer Internet

|By TAP Staff| Mobogenie , the fastest growing developer of applications for android and mobile devices, announced the launch of a new app development platform named CYMaker at the Global App Summit in Dubai. Mobogenie claims it will open up the world of app development through a simplified, free of cost solution with no limitations, no hidden fees, and no credit card requirement. Visitors to the Global App Summit were given a sneak peak of the upcoming product that will be

Virtual Piggy, a payments technology company and the provider of youth payment technologyOink, has partnered with Funcom. The agreement with the independent developer and publisher of  Massively Multiplayer Online (MMO) games, is to bring control to in-game payments. Oink is a payment technology designed to allow retailers and game publishers to reach under 21 consumers in a legal manner compliant with the FTC and other international regulations. The technology serves as a digital family wallet that is available online or via mobile

BlackBerry Ltd  Chief Executive Officer John Chen said he wants to return to the consumer market someday, though it’s too soon right now. The smartphone maker is focusing on business users, Chen told reporters yesterday at BlackBerry headquarters in Waterloo, Ontario. Already, the new Passport device for professionals has surpassed his expectations, selling 200,000 units since it was unveiled two days ago, according to Chen. “Over time I definitely would like to reach the everyday people, but it’s too early for us

| By Peter Garnry|  What is clear post the Alibaba IPO is that the market is presumably mispricing Yahoo. Basically, it does not make sense if we assume markets are rational. Yahoo closed at $40.93 last Friday but based on a sum-of-the-parts (SOTP) analysis the stock should trade closer to $45. The table below outlines the SOTP analysis behind Yahoo's fair value. The company has $3,408 million in cash and short-term securities. Its Yahoo Japan stake is worth $5,191 million on

Smartphone producers in China are closing in on market leaders Samsung and Apple. This is based on a large home market with above-average growth. Potential is even higher in India and Latin America. Today, the spotlight is on the two largest mobile telephone manufactures – Samsung and Apple – with their latest Galaxy and iPhone models. These smartphones are likely to sell in the millions, but this cannot satisfy the two companies. According to figures from the International Data Corporation (IDC) and

Chinese-backed hackers infiltrated the computer networks of airline, shipping and information technology companies responsible for transporting personnel and weapons for the U.S. military, a Senate investigation found. There were 20 such breaches from June 2012 to May 2013, giving the hackers insight into military logistics and a foothold that could be used to disrupt operations, according to a report today by the Senate Armed Services Committee. While public attention has focused on the hacking of companies like JPMorgan Chase & Co. and

By Eric Auchard and Harro Ten Wolde FRANKFURT Tue Sep 16, 2014 7:51pm IST An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. Credit: Reuters/Kai Pfaffenbach   FRANKFURT (Reuters) - A Frankfurt judge has lifted a temporary injunction on online taxi service Uber, only two weeks after barring the Silicon Valley company from operating a novel car-sharing service across Germany.   Frankfurt Regional Court Judge Frowin Kurth

By Elzio Barreto, Fiona Lau and Liana B. Baker HONG KONG/NEW YORK Tue Sep 16, 2014 11:06am IST People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files HONG KONG/NEW YORK (Reuters) - Alibaba Group Holding Ltd raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year's most anticipated debut and potentially the world's largest-ever IPO. The Chinese e-commerce company, which handles more transactions

By Nivedita Bhattacharjee and Tommy Wilkes NEW DELHI/MUMBAI Mon Sep 15, 2014 6:12pm IST 1 of 4. Visitors look at Android One Based mobiles after its launch in New Delhi September 15, 2014. Credit: Reuters/Anindito Mukherjee NEW DELHI/MUMBAI (Reuters) - Google Inc(GOOGL.O) launched in India on Monday a $105 smartphone, the first device from its "Android One" initiative which is aimed at boosting sales in key emerging markets through cheaper prices and better quality software. The Mountain View-Based company tied up with Indian

|By TAP Staff| Just over a year ago, China's Xiaomi was little more than a mid-sized smartphone-maker with an odd name (Xiaomi means "millet"), trailing household brands such as Samsung, Lenovo, Coolpad and others. During the first six months of 2014, however, this four-year old company sold 26m smartphones, propelling it to pole position in the Chinese market. Next year, Lei Jun, its founder and CEO, expects sales to rise to 100m, bringing in revenues of Rmb100bn (US$16bn). But as

Apple Inc. (AAPL)’s prospects seem a lot brighter than they were the last time Tim Cook introduced an iPhone. When Chief Executive Officer Cook unveiled two new smartphone models 12 months ago, Apple’s stock was slumping and the company was losing market share to Samsung Electronics Co. and low-cost manufacturers such as Xiaomi Corp. Questions abounded about whether Apple could keep innovating without co-founder Steve Jobs. Fast forward to a year later and the company’s stock is flirting with a record high.

By Leila Abboud PARIS Mon Sep 8, 2014 12:50pm IST A computer user poses in front of a Google search page in this photo illustration taken in Brussels May 30, 2014. Credit: Reuters/Francois Lenoir/Files A panel appointed by search engine Google will hold the first of a series of meetings on Tuesday to debate the balance between privacy and the free flow of information after a May court ruling reinforced Europeans' "right to be forgotten", Reuters reported.   The event in Madrid will be the first

By Paul Carsten BEIJING Mon Sep 8, 2014 11:12am IST A picture illustration shows a WeChat app icon in Beijing, December 5, 2013. Credit: Reuters/Petar Kujundzic/Files BEIJING (Reuters) - Apple Inc has a lot for which to thank people like Deng. A Beijing-based quality analyst, she gave only her surname as she's embarrassed by how much money she spends playing mobile games on WeChat, a hugely popular messaging app developed by Chinese internet giant Tencent Holdings Ltd. "The most expensive time was when I spent

By Ben Klayman DETROIT Mon Sep 8, 2014 8:27am IST The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan August 25, 2009. Credit: Reuters/Jeff Kowalsky/Files DETROIT (Reuters) - General Motors Co will introduce in two years its first car that can communicate with other vehicles to help avoid accidents and ease traffic congestion, Chief Executive Mary Barra said on Sunday. In the same time frame, GM also will introduce more advanced technology allowing hands-free driving in some

By Christina Farr SAN FRANCISCO Sat Sep 6, 2014 6:41pm IST The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New York April 22, 2014. Credit: Reuters/Brendan McDermid/Files SAN FRANCISCO (Reuters) - Apple Inc has invited top fashion editors and bloggers in unprecedented numbers to its Tuesday launch gala, further evidence that the iPhone maker is preparing to take the wraps off a smartwatch. Apple is forging closer ties to the fashion world as it

By Casey Sullivan Sat Sep 6, 2014 6:33am IST People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files   Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.   Alibaba, which is seeking to raise as much as $21 billion in an IPO expected

By Liana B. Baker, Avik Das and Soham Chatterjee Sat Sep 6, 2014 5:31am IST People play in a hall inside Alibaba's headquarters in Hangzhou, Zhejiang province, April 23, 2014. Credit: Reuters/Chance Chan/Files REUTERS - Alibaba Group Holding Ltd seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States. Alibaba expects to price its initial public offering between $60 and $66

By Noel Randewich and Diane Bartz SAN FRANCISCO/WASHINGTON Fri Sep 5, 2014 9:21am IST Visitors walk past the Qualcomm stand at the Mobile World Congress in Barcelona, February 24, 2014. Credit: Reuters/Albert Gea/Files SAN FRANCISCO/WASHINGTON (Reuters) - Nvidia Corp has sued rival chipmakers Qualcomm and Samsung Electronics, accusing both companies of infringing its patents on graphics processing technology. The U.S. chipmaker vies with Qualcomm in the business of providing chips for smartphones and tablets. It said on Thursday that Qualcomm and Samsung had used

BEIJING Fri Sep 5, 2014 8:51am IST A man walks past a logo during the presentation the Huawei's new smartphone, the Ascend P7, launched by China's Huawei Technologies in Paris, May 7, 2014. Credit: Reuters/Philippe Wojazer/Files Related Topics Stocks     Snapshots from Australian PM Tony Abbott's tour of India.  Photos  BEIJING (Reuters) - Huawei Technologies Co Ltd unveiled on Friday a slate of new devices meant to showcase the Chinese company's hardware technology, just days before Apple Inc releases its highly-anticipated iPhone 6 on Sept

By Edwin Chan SAN FRANCISCO Wed Sep 3, 2014 12:21pm IST The Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in Tokyo June 26, 2014. Picture taken June 26. Credit: Reuters/Yuya Shino/Files SAN FRANCISCO (Reuters) - The week before a crucial launch of its new iPhone, Apple Inc said intimate photos of celebrities including Oscar-winner Jennifer Lawrence were leaked online through the apparent hacking of individual iCloud accounts. Apple rushed to restore confidence in its systems' security,

By Nivedita Bhattacharjee MUMBAI Wed Sep 3, 2014 11:01am IST Android mascots are lined up in the demonstration area at the Google I/O Developers Conference in the Moscone Center in San Francisco, California, May 10, 2011. Credit: Reuters/Beck Diefenbach/Files MUMBAI (Reuters) - Google Inc's (GOOGL.O) partnership with three Indian phone makers is set to rev up fast-growing demand for lower priced smartphones, and spell more trouble for Samsung Electronics (005930.KS) which is rapidly losing share in emerging markets. Micromax Infomatics Ltd, Karbonn Mobiles and

By Christina Farr and Edwin Chan SAN FRANCISCO Wed Sep 3, 2014 7:44am IST The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. Credit: Reuters/Robert Galbraith/Files SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. But the leak of racy celebrity photos in the past few days put the company in the unusual position of having to mend its image just days before

Two weeks, three continents, and 100 meetings. That -- and founder Jack Ma celebrating his 50th birthday on the road -- is what it will take for Alibaba Group Holding Ltd. to pull off the largest initial public offering in U.S. history. The Chinese e-commerce company is weighing a plan to start marketing the share sale to investors on Sept. 3, with management traveling across Asia, Europe and the U.S. before an initial public offering in the middle of the month,

|By TAP Staff| A Dubai-based company has launched the UAE’s first offline business directory for Smart phones, named Call UAE, which can work without an internet connection or a mobile network. With over 400,000 listings and more than 5,000 search categories, Call UAE is claimed to be the only “patented” offline Search Engine for Business Data in the UAE. can work without an internet connection or a mobile network. Search categories include Emergency Services, Classifieds, Tourist Places, Entertainment, Company listings, Helpline, RTA Fine

|Dianne Depra|Tech Times| A couple of days shy of closing its acquisition of the company, Apple is reportedly laying off 200 employees from Beats Electronics. Job cuts are standard in mergers and it looks like Apple is not taking a different route. In the latest round of tech company layoffs, Apple will be doing some restructuring and 200 positions are in its line of sight. Like any effort to streamline a business, the company will be laying off employees whose job roles overlap. Affected

Samsung Electronics, the global leader in mobile-phone sales, is being outflanked in the two biggest markets by newcomers catering to domestic tastes. Xiaomi Corp. became the largest smartphone vendor in China during the second quarter, while Micromax Informatics Ltd. topped Indian mobile-phone shipments, according to data from research firms this week. In both cases, Samsung fell to No. 2. Earnings and shipments at Samsung are shrinking as consumers increasingly look past its Galaxy devices to local makers selling inexpensive phones. Xiaomi keeps

The Arabian Post will report directly from CeBIT Eurasia to be held from 11 September to 14 September 2014 at the Istanbul Expo Centre. Arabian Post will have its own representative at the prestigious ICT event, rated to be the No 1 technology show in Eurasia, to report on deliberations during the four-day event. CeBIT Eurasia will bring ICT companies, government and media in the Eurasian region together to deliberate on all kinds of technology issues , apart from many vertical