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Reuters - 24 minutes ago
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Apple preps new camera-toting iPads: sources
HONG KONG/TAIPEI/SHANGHAI - Apple Inc <AAPL.O> is preparing new iPads, including models that are about half the size of the current tablet computer, and will include front- and back-mounted cameras, supply chain sources told Reuters. Component suppliers for the U.S. company are gearing up for a new round of production in the first quarter, these sources said on Friday.
Activists target Dutch website after boy arrested
LONDON - Cyber activists attacking organizations seen as foes of WikiLeaks briefly blocked a Dutch prosecution website on Friday after a 16-year-old suspected of involvement in the campaign was arrested in the country. The activists also tried to block the website of online payment firm Moneybookers, but denied their attacks were intended to create business turmoil or badly disrupt online Christmas shopping.
Cult Apple store lurks in suburban California mall
GLENDALE, California - Before there was an Apple <AAPL.O> store under a giant futuristic cube near New York's Central Park or beneath a sleek glass cylinder in Shanghai, there was "store 001" on the second floor of a 70s-era suburban California shopping mall. It may be unassuming and, yes, a bit uncool, but it's not forgotten, not by Christmas shoppers who flock these days to the Glendale Galleria mall and especially not by Appleheads at the core of the cult brand.
FCC member questions easy net rules for wireless
WASHINGTON - A plan to give wireless networks more flexibility than their landline counterparts in proposed Internet rules is being questioned by Federal Communications Commission member Mignon Clyburn. In remarks prepared for a conference on Thursday, Clyburn said it was essential that wireless networks "grow in an open way just as our wired ones have."
Exclusive: Dell's CEO: transformation is on the way
ROUND ROCK, Texas - Dell Inc's billionaire chief executive, arguing that his efforts to transform his company have gone unnoticed by some on Wall Street, wants to drive the acquisitions that will prove crucial to its long-term future. But he is also starting to see warning signs of increasingly frothy technology valuations, and said firmly he will not pay unreasonable prices to acquire new pieces.
Chinese social networking firms eye U.S. IPO gold: sources
SHANGHAI has hired Credit Suisse Group AG <CSGN.VX> and Deutsche Bank AG <DBKGn.DE> to underwrite its IPO slated for the first half of next year, sources close to the matter told Reuters on Friday.
Panasonic cautious on U.S., Europe holiday sales
TOKYO - Consumer electronics maker Panasonic Corp <6752.T> said on Friday it sees no strong recovery in year-end sales in North America and Europe, but expects to pull its loss-making TV unit into the black in the January-March quarter. Panasonic's president, Fumio Ohtsubo, also told Reuters in an interview he expected some restructuring costs from its takeover of subsidiary Sanyo Electric <6764.T> to arise in the financial year starting in April, as the company shifts focus for a big push into environmental technologies.
Chinese auto, tech firms have lackluster debuts
NEW YORK - A Chinese auto sales company traded up slightly and a Chinese tech company fell in U.S. stock market debuts on Friday, a sign that not every Chinese companies will get a blank check in its initial public offering. Shares of auto retailer Lentuo International Inc <LAS.N> opened at $8.50 in midafternoon on the New York Stock Exchange. The shares quickly retreated to trade at $8.18, up 2.3 percent from their $8 IPO price.
Sony sees cash flow to improve this fiscal year: report
BANGALORE this fiscal year due to overhauling materials procurement and production, Executive Deputy President Yutaka Nakagawa told the Nikkei. The Japanese electronics company's free cash flow plunged into the red because of the financial crisis, but has rapidly improved as it created special organizations to oversee procurement and production, the paper reported.
Ex-Vitesse Semiconductor execs indicted for fraud
WASHINGTON - The founder and former chief executive of Vitesse Semiconductor Corp <VTSS.PK>, Louis Tomasetta, and former executive vice president Eugene Hovanec have been indicted for securities fraud, the U.S. Justice Department said on Friday. They were also accused of making false entries in the books and records of the company, of making false filings with the Securities and Exchange Commission and of conspiracy for a scheme to manipulate the company's financial statements.
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