Quantcast
Home » Archives » Tech News (Page 343)

Moody’s lowers Sony rating outlook

Ratings agency Moody’s Tuesday lowered the outlook for Sony’s A3 long-term debt rating to “negative” as the global electronics giant faces weakening demand for LCD televisions. Moody’s said the downgrade from stable was because the firm “faces significant cyclical headwinds” and “structural challenges in some of its core businesses”. “Moody’s believes that…

Actress sues Amazon for revealing age on film database

LOS ANGELES — A US actress has lodged a $1 million lawsuit against Amazon accusing the Internet giant of revealing her age on the film industry website IMDB by using personal details from her credit card. The actress, who asked for her identity to be masked and is referred to…

Philips TV deal at risk, plans 4,500 job cuts

(Reuters) - Philips Electronics has all but abandoned hope of selling its TV business by the end of the year, leaving a question mark over how quickly it can divest its loss-making problem child. “The global TV market has deteriorated, and obviously the sooner we complete this the better, but we first…

Kodak strikes patent licensing deal with IMAX

Struggling US photo giant Eastman Kodak has announced it has reached a deal to license some of its patents related to its laser projection technology to Canada’s big screen specialist IMAX Corporation. Kodak did not reveal the financial details of the deal announced Sunday, but The Wall Street Journal reported that IMAX would pay “tens of…

Silicon Valley elite honor Steve Jobs

Silicon Valley nobility arrived at Stanford University on Sunday to pay tribute to revered Apple co-founder Steve Jobs. Security teams from Apple and Stanford along with local police officers cordoned off the main quad on campus, only letting pass those with invitations to the private event. Somberly attired men and…

iPhone 4S big hit in Hong Kong’s grey market

HONG KONG — Apple’s iPhone 4S was on sale on Hong Kong’s grey market at the weekend, attracting hundreds of fans paying up to six times official prices to get their hands on the latest model. The smartphone, released in seven countries on Friday, was not yet officially for sale…

Video game maker revels in Sim City’s similarities to Cain’s tax plan

LITTLETON, New Hampshire (Reuters) – Herman Cain has soared to the top of the Republican presidential polls by touting his 9-9-9 tax plan as the solution to everything from unemployment to deflated housing prices. Now, the similarity of the plan to one used in a version of hit video game…

Pentagon turns to Silicon Valley for new contracting leads

SAN FRANCISCO (Reuters) – When the Department of Defense decided it needed a device that could detect heartbeats from hundreds of feet away, it didn’t know where to look. So it turned to some tech-savvy friends: venture capitalists. Using its little-known “DeVenCI” — Defense Venture Catalyst Initiative — the Department…

Apple to hold private memorial for Jobs Sunday: source

(Reuters) – Apple Inc co-founder and technology visionary Steve Jobs will be memorialized at a private service at Stanford University on Sunday, a source with knowledge of the event said. Those invited to the closed service for the industry icon — who died last week after a years-long battle with…

Google+