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Reuters - Wednesday, September 8
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HP sues to stop ex-CEO Hurd joining Oracle
SAN FRANCISCO - Hewlett-Packard Co <HPQ.N> sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp <ORCL.O>, saying his hiring by the rival technology firm puts HP's trade secrets "in peril." Oracle, the world's third-largest software maker, named Hurd co-president and director on Monday, a month after he resigned from HP over expense account irregularities related to a female contractor.
Google to start TV service in U.S. this autumn
BERLIN - 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. CEO Eric Schmidt said the service, which will allow full Internet browsing via the television, would be free, and Google would work with a variety of programme makers and electronics manufacturers to bring it to consumers.
World's biggest mobile show woos Apple community
LONDON - The world's biggest mobile fair will host its first event for Apple <AAPL.O> 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. Mobile World Congress, which takes place each February in Barcelona, Spain, will add MacWorld Mobile to its new slate of events focused on developers, who make the small software programs or apps that have become key to phone makers' fortunes.
Oracle investors cheer ex-HP boss Hurd's arrival
SAN FRANCISCO - Oracle Corp <ORCL.O> investors cheered the surprise hiring of former Hewlett-Packard Co <HPQ.N> 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. Hurd's talent for driving efficiency and integrating acquisitions will be a welcome addition at Oracle, analysts said, as the company ramps up its push into hardware after its $5.6 billion purchase of Sun Microsystems earlier this year.
U.S. Justice Dept probing Google/ITA deal: sources
WASHINGTON - The U.S. Justice Department is looking into allegations that Google Inc's <GOOG.O> 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 announced in July that it was buying ITA Software, one of the Web's key providers of airline travel software, for $700 million.
Samsung warns DRAM oversupply on weak PC sales
TAIPEI/SEOUL - Samsung Electronics <005930.KS>, 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. The downbeat comment from the South Korean firm raises concerns the boom in the DRAM sector may be nearing an end.
Sony to sell Spain TV factory in outsourcing drive
TOKYO - Japanese electronics maker Sony Corp <6758.T> 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. The maker of Bravia flat screen TVs said in a statement it would sell its facility in Barcelona that makes LCD TVs for Europe to Spain-based companies Ficosa International SA and COMSA EMTE SL for an undisclosed sum.
Nokia bets on new smartphones for recovery
HELSINKI - Nokia <NOK1V.HE>, 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. Nokia, whose profits and share price have dived in the last few years, is now betting on the renewal of its line of smartphones, which could save the career of embattled CEO Olli-Pekka Kallasvuo.
Craigslist.com blocks access to adult services ads
LOS ANGELES - 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. Last year, Craigslist replaced its "erotic services" ads with a new "adult" category it said would be closely screened.
Oracle offered job to ex-HP CEO Hurd: source
NEW YORK - Oracle Corp <ORCL.O> has offered a job to Mark Hurd, the former chief executive of Hewlett-Packard Co <HPQ.N> who resigned amid a scandal involving inaccurate expense receipts related to a female contractor, according to a source familiar with the situation. The source said a final decision has not yet been made. Oracle was not immediately available for a comment.
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