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Panasonic sees $5.5 billion annual loss, worst in a decade

TOKYO (Reuters) – Japanese electronics maker Panasonic Corpforecast an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as restructuring costs ballooned, and a soaring yen and weak demand in the United States and Europe eroded income. Panasonic accelerated the pace of restructuring as it races to…

Sony seeks to quit Samsung LCD venture: report

TOKYO — Sony has entered talks to sell its stake in a joint liquid crystal display panel venture in South Korea to its partner Samsung Electronics, the business daily Nikkei reported on Sunday. The Japanese electronics giant aims to reach an agreement with Samsung on the sale within this year…

India shuts server linked to Duqu computer virus

Reuters) – Indian authorities seized computer equipment from a data center in Mumbai as part of an investigation into the Duqu malicious software that some security experts warned could be the next big cyber threat. Two workers at a web-hosting company called Web Werks told Reuters that officials from India’s…

China arrests 12,000 in online drug sale sweep

BEIJING (Reuters) – Chinese police have arrested 12,125 people during a crackdown on the sale of narcotics online and have confiscated more than 300 kg of illegal drugs, state news agency Xinhua reported on Sunday. Police were tipped off to the scale of the problem after uncovering chatrooms in the…

South Korea smart phone subscribers exceed 20 million

SEOUL (Reuters) – The number of smart phone subscribers in South Korea, one of the world’s most wired countries, hit 20 million last week, as some 40 percent of the country’s citizens signed up to use the mobile device, the state telecoms regulator said on Sunday. Figures released by the…

Google takes another shot at the TV market

SAN FRANCISCO (Reuters) – Google Inc is making another push to bring its Web savvy to television sets, hoping to tap into a vast new market despite consumers’ lukewarm reaction to one of its initial offerings. The Internet search engine unveiled a revamped version of its Google TV service and…

HP ditches costly PC unit spin-off

SAN FRANCISCO (Reuters) – Hewlett-Packard Co ditched a plan to spin off its personal computers unit, a month after the ouster of CEO Leo Apotheker whose idea would have cost billions of dollars in expenses and lost business. New Chief Executive Meg Whitman, who replaced Apotheker, had vowed a quick…

‘Occupy’ protestors find allies in app makers

OAKLAND, California — US street protestors have won allies in software makers who have crafted programs that let smartphones fire off word of imminent arrest or let rallying cries be heard by crowds. A free “I’m Being Arrested” application was available on Thursday at the online Android Market stocked with…

Justin Bieber tries to shut down anti-’illegal streaming bill’ website

A website created this week in opposition to a Senate bill now faces legal threats from the lawyers of Canadian pop star Justin Bieber, according to the Electronic Frontier Foundation (EFF). The parody site, Free Bieber, points out that the Commercial Felony Streaming Act could have landed the teen sensation…

BlackBerry outage triggers lawsuits

SAN FRANCISCO — Research In Motion is being sued in the United States and on its home turf in Canada for a BlackBerry service outage that affected millions of people worldwide. The lawsuits seek class action status to represent all BlackBerry users in the respective countries and call for RIM…

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