Technology News
Foxconn reopens huge China factory after riot
TAIYUAN, China - A Chinese factory owned by iPhone assembler Foxconn resumed production on Tuesday after a riot involving 2,000 workers had forced it to close for 24 hours, in an incident that put Chinese labor conditions back under the microscope.
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Sony set for $642 million investment in Olympus: sources
TOKYO - Sony Corp will likely approve a plan this week to invest 50 billion yen ($642 million) in cash-strapped Olympus Corp, becoming its biggest shareholder with around a 10 percent stake, three sources familiar with the deal told Reuters.
Toys R Us sued over kids tablet trade secrets
- The maker of the Nabi tablet computer for children sued Toys R Us Inc on Monday, saying the world's largest toy retailer stole trade secrets in preparing to introduce the rival Tabeo tablet this month.
HP loses tax case over valuing U.S. research credit
WASHINGTON - Hewlett-Packard Co on Monday lost a legal bid to expand its benefits from the research tax credit after the U.S. Tax Court ruled the company could not exclude certain types of income when calculating the tax break.
Sharp predicts net profit it needs to win bank bailout: Kyodo
TOKYO - Cash-strapped Sharp Corp is predicting a net income of 15 billion yen ($188 million) for the next business year, part of a plan to return to the profit it needs to win a bailout from its main banks, Kyodo news reported on Tuesday.
Google shares hit record high, find favor on Street
SAN FRANCISCO - Google Inc shares set an all-time high on Monday, with the Web giant's reliable advertising business back in vogue among Wall Street investors disenchanted with younger social media companies.
Why I won’t be getting an iPhone 5
Don't get me wrong. I'm not abandoning the iPhone, or any smartphone — at least not yet. But the early-adopter instinct to upgrade to the newest device every year no longer applies. With viable 7-inch tablets starting to appear, this marks the beginning of the end of the smartphone’s dominance over our hearts and minds.
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