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Reuters - Tuesday, February 1
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Google topples Nokia from smartphones top spot
HELSINKI/NEW YORK - Google Inc's <GOOG.O> Android dethroned Nokia's <NOK1V.HE> Symbian as the global leader in smartphone software during the last quarter of 2010, ending a reign that began with the birth of the industry a decade ago. The reshuffle underscores how quickly Google, which offers its software to phone makers for free, has raced to the top of the smartphone market ahead of Apple Inc's <AAPL.O> rapid ascension. Google and Apple have revolutionized the smartphone market, sending Nokia scrambling.
Intel discovers chip flaw in midst of major launch
SAN FRANCISCO - Intel Corp <INTC.O> found a defect in one of its chips, hurting its credibility during a major product launch and at a time when demand for microprocessors in PCs is being threatened. The company said on Monday it stopped shipments of the chip used in personal computers with its most advanced Sandy Bridge line of processors and has already started production of a new version.
IBM touts social skills on RIM's PlayBook
TORONTO - IBM <IBM.N> wants to dislodge Microsoft's <MSFT.O> desktop-bound business software by touting an update of its Lotus programs designed to harness the mobility and collaboration possible with cloud computing. The computing giant invited BlackBerry maker Research In Motion's <RIM.TO> co-Chief Executive Jim Balsillie to the stage of Lotusphere, an IBM conference in Orlando, on Monday to display IBM's newest wares on RIM's <RIMM.O> unreleased PlayBook tablet.
LG plans European mobile swipe payment system in 2012
AMSTERDAM - LG Electronics <066570.KS> plans to launch a swipe payment system for product and service retailers in Europe next year, which would allow consumers to make payments at the check-out using their smartphones. "The point-of-sale technology, which will be targeted at small and medium-sized businesses and will involve NFC or near field communications and cloud computing, is currently in beta testing," Jin-Yong Kim, vice president for business solutions at LG's Home Entertainment division, told Reuters in an interview.
Wi-LAN reports more deals, expects to avoid court
TORONTO - Wi-LAN <WIN.TO> has reached settlements with six companies in a wireless patent dispute and expects to reach deals with six others involved in the case before the February 2 trial date, the patent-licensing company said on Monday. Wi-LAN, which has settled with a slew of high tech companies in recent weeks, said it had agreed terms with Marvell <MRVL.O>, Lenovo <0992.HK>, Netgear Inc <NTGR.O>, 2Wire, Belkin International and Westell Technologies <WSTL.O>.
Baidu forecasts above Street, shares jump
SAN FRANCISCO - Baidu Inc <BIDU.O> breezed past Wall Street financial targets in the fourth quarter as the No. 1 Internet search engine in China benefited from a sharp increase in advertising spending by its customers. Shares of Baidu, a favorite pick of hedge funds, rose 7.5 percent to $116.90 following the earnings report on Monday. Options traders predicted before the results that the stock might break out of its recent five-month trading range.
Toshiba faces $100 million gender bias lawsuit
NEW YORK - A senior human resources manager at Toshiba Corp <6502.T> has filed a $100 million lawsuit accusing a U.S. unit of the Japanese technology company of gender bias against women in pay and promotions. The plaintiff, Elaine Cyphers, contends Toshiba America Inc pays women lower salaries and bonuses than men who perform similar work. She also alleges the company steers women into lower-grade positions and favors men in promotions.
Facebook shopping discount service reaches Europe
LONDON - Facebook expanded its shopping discount service to five European countries and Canada on Monday, part of its push to help brands communicate with its users. Facebook Deals, which has already started in the United States, offers Facebook users deals in retail outlets and posts a notice on their Facebook wall when they claim a deal, publicizing the deal to the users' friends.
Toshiba Q3 profit surges on smartphone boom, cost cuts
TOKYO - Japan's Toshiba Corp <6502.T> more than doubled its quarterly operating profit on booming sales of NAND flash memory chips and robust demand for LCD panels used in smartphones and tablets. But the sprawling conglomerate cut its full year sales forecast and left its operating profit outlook unchanged for the year to March, citing a strong yen and uncertain demand for some of its other products, which include everything from home appliances to nuclear power plants.
New app to bring U.S. art to wider audience
By Bernd Debusmann Jr. NEW YORK - A new iPhone app is opening up Kentucky's art scene to the public by bringing thousands of works of art in small American communities to a wider audience.
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