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Sony to make $623 million investment in Olympus, Nikkei says

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Struggling camera manufacturer Olympus may soon find relief from Sony, according to a new report from Nikkei. The two firms are said to be negotiating a $623 million investment from Sony Corp., which would make it Olympus' largest shareholder, accounting for more than a 10 percent stake. In April, Olympus reportedly began seeking partnerships with Fujifilm, medical systems maker Terumo, and Sony in an effort to recover from its revenues losses, accounting irregularities, and planned staff reductions of over 2,700 employees. When reached for comment, an Olympus spokesperson said that the company is not prepared to make an announcement.

"This is not something that we have announced," the representative told Reuters. "It has not been decided yet."

The two firms are said to be in the final stages of the discussion and hope to strike a deal...

Relief for the struggling camera maker
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Apple seeks to deliver another blow to HTC with anti-competitive charges in federal court

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HTC hasn't had much luck lately against Apple on the patent litigation front, and it looks like Cupertino wants to keep it that way. Apple notified the ITC today that it has filed claims in Virginia federal court alleging that HTC has engaged in various anti-competitive practices relating to the assertion of two standards-essential patents against Apple. The filing alleges seven claims of...

Google cuts Maps API pricing for high-volume users by over 85 percent

Google Maps Cube screenshot

Several prominent companies and organizations like Foursquare and Wikipedia have dropped the use of Google Maps in recent months thanks in no small part to the free API call limits that Mountain View started imposing last year. Those limits aren't going away, but Google has simplified the rules and significantly reduced pricing today: what once cost $4 per 1,000 map loads is now down to 50 cents per 1,000 loads, and there will no longer be a different cost structure for using customized map styles versus Google's stock design. Whether the move will help stem the loss of high-profile clients...

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Windows Phone 8 in detail: new Start Screen, multi-core support, VoIP integration, and NFC

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Microsoft is lifting the curtain to provide a preview of some of the software and hardware changes for its Windows Phone 8 operating system today. NFC, dual- and quad-core support are all set, and Microsoft has shifted over to the NT kernel for Windows Phone 8 to make it even easier for developers to code for its mobile and desktop ecosystems. There's a new Wallet hub, deeper integration of Skype, and an updated Start Screen interface with support for small tiles. Despite the improvements and hardware support, Microsoft will not release this particular update to existing devices. Instead, the company plans to rollout a Windows Phone 7.8...

UK's Office of Fair Trading to investigate Facebook's Instagram buyout

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The UK's Office of Fair Trading (OFT) is launching an investigation into Facebook's billion dollar purchase of Instagram citing fair competition concerns, The Guardian reports. The OFT is looking into whether Facebook's buyout of Instagram may result in the photo app being restricted from uploading photos to other sites, apps, or services, but must first determine whether or not the deal falls under the office's jurisdiction. Facebook must...

Instagram's founders aren't getting their millions just yet
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Games Review

'TERA' review: big monsters, small ambitions

Though it's been modified for North American release, TERA was born in South Korea, and it shows. All the tell-tale signs of a popular Korean MMO are here: the pretty but generic fantasy setting, the heavy grind to the level cap, the anime sheen over the whole production.

TERA sets itself apart...

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'Nuclear-free' Maryland city makes exception for HP computers

Gallery Photo: HP Envy 14 Spectre hands-on pictures

The city of Takoma Park, Maryland granted a waiver to its strict Nuclear-Free Zone Act this week in order to use Hewlett-Packard computers in its city library. The city of Takoma Park has been nuclear-free since 1983, meaning that the city is prohibited from supporting companies that work with US nuclear weapons production. HP is on this list of prohibited contractors, so when librarians received the shipment of...

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MIT-developed video software can see your pulse

MIT pulse video software

Researchers at the Massachusetts Institute of Technology are developing a new kind of software that's able to amplify subtle variations between frames of a video so that you can actually see a...




Review

Lenovo IdeaPad Y480 review

Y480 Lead Fixed

Lenovo’s IdeaPad laptops come in pretty much every shape and size, with svelte ultrabooks sharing brand space with staid productivity machines...

Racial harmony and rocket-powered monorails: New York's 1962 mayor predicts 2012

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In 1962, the city of New York had just opened the Philharmonic Hall, the first part of Manhattan's Lincoln Center. Mayor Roger F. Wagner, Jr. saw the Hall as the first step towards a glorious future New York, writing a "forecast" of 2012's city in The New York Times Magazine. Although his optimism is sometimes almost unbearable, it's gratifying to see parts of Wagner's predictions come true....