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    • Canada's RIM to cut at least 2000 jobs - report

      Reuters - 18 hours ago

      TORONTO (Reuters) - Research In Motion Ltd is preparing for a major restructuring beginning in the next couple of weeks that will see it eliminate at least 2,000 jobs worldwide, the Globe and Mail reported on Saturday, citing unnamed sources. The Canadian newspaper, citing several people close to the company, reported that the next round is layoffs is said to be planned for around June 1 - a day before the BlackBerry smartphone maker's first quarter ends - but some expect the announcement even earlier. ... More »Canada's RIM to cut at least 2000 jobs - report

    • New website to let you send email to your future self

      ANI - Sat 26 May, 2012

      London, May 26 (ANI): A website has launched a new service, which lets users send 'time capsule' emails to their future self. More »New website to let you send email to your future self

    • Nasdaq chaos engulfed Facebook IPO

      Reuters - Sat 26 May, 2012

      (Reuters) - Dead silence. For nearly 20 minutes on the morning of Facebook Inc's trading debut last Friday, the line Nasdaq had opened up to keep traders informed about the social media company's $16 billion IPO had been mute. Well after the stock was supposed to have opened at 11 a.m. New York time, no one from Nasdaq was talking - and there was still no sign of trading. Finally, at 11:28 a.m., an unidentified person announced that the shares would open in about 2 minutes. Nasdaq also said orders and cancellations were still being processed, according to several sources listening to the call. ... More »Nasdaq chaos engulfed Facebook IPO

    • Microsoft requested Google to remove 500,000 links to pirated software in April

      ANI - Sat 26 May, 2012

      Washington, May 26 (ANI): Software giant Microsoft requested Google to remove over 500,000 links from its search index in April, new figures published by the search giant have revealed. More »Microsoft requested Google to remove 500,000 links to pirated software in April

    • Twitter admits to tracking users' activities across Internet

      ANI - Sat 26 May, 2012

      London, May 26 (ANI): Micro blogging website Twitter has revealed that it tracks its users' movements across the Internet in order to suggest relevant content to tweeters. More »Twitter admits to tracking users' activities across Internet

    • Feeding frenzy for lawyers in botched Facebook IPO

      Reuters - Sat 26 May, 2012

      (Reuters) - Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation. Court battles over the fizzled IPO could run for years, as the social networking company, the banks that took it public and the Nasdaq OMX Group Inc face claims that they short-changed investors. Besides fighting off claims by Facebook shareholders, the defendants will also need lawyers to respond to inquiries from government investigators looking into how the IPO was handled. ... More »Feeding frenzy for lawyers in botched Facebook IPO

    • Facebook options debut a wild card for volatility

      Reuters - Sat 26 May, 2012

      REUTERS - Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18. While the stock's puts and calls are expected to be popular, the big wild card is volatility and ultimately, the options price. Traders will get a fresh start on options on the Internet giant when the contracts are offered on U.S. options exchanges on May 29. ... More »Facebook options debut a wild card for volatility

    • Citi unit lost $20 mln in Facebook IPO - source

      Reuters - Fri 25 May, 2012

      NEW YORK (Reuters) - Citigroup Inc's Automated Trading Desk had trading losses of about $20 million from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday. The unit's losses were in addition to claims by market makers Knight Capital Group Inc and Citadel Securities, which each had losses of $30 million to $35 million. UBS AG , the other large market maker involved in the IPO of the social networking company on May 18, has not disclosed any losses. ... More »Citi unit lost $20 mln in Facebook IPO - source

    • Story by Pultizer Prize winner serialized on Twitter

      Reuters - Fri 25 May, 2012

      NEW YORK (Reuters) - A story by Pulitzer Prize-winning author Jennifer Egan for the New Yorker is being serialized in 10 installments on Twitter, according to the magazine. The New Yorker said the first installment of the story, a spy thriller called "Black Box, went out on Thursday night. "The story is written in terse dispatches of 140 characters or less, which will be tweeted, through The New Yorker Fiction Department's Twitter handle, @NYerFiction, in ten nightly installments between 8 and 9 P.M. E.T," it said in a statement. ... More »Story by Pultizer Prize winner serialized on Twitter

    • Groupon tests payments rival to PayPal, Square

      Reuters - Fri 25 May, 2012

      SAN FRANCISCO (Reuters) - Groupon Inc is testing a payments service that lets merchants accept credit cards at what could be a knock-down price, according to two people familiar with the matter. The move puts the world's largest daily-deals company in direct competition with eBay Inc's PayPal, and start-up Square Inc, partly owned by Visa Inc. Groupon started in 2008 by offering heavily discounted deals on local goods and services. ... More »Groupon tests payments rival to PayPal, Square

    • They're here. They're geeks. Get used to it

      Reuters - Fri 25 May, 2012

      NEW YORK (Reuters) - Turns out, geeks are inheriting the earth. Thanks to ubiquitous consumer electronics and the prominence of technology executives like Facebook Inc's Mark Zuckerberg and the late Steve Jobs of Apple Inc, it's no longer an insult to be called a geek. The geek -- broadly speaking, the tech-obsessed, socially-awkward type who spends more time online than offline -- is more respected than ever, according to a survey by Modis, the technology staffing arm of Adecco SA , the world's biggest staffing company. ... More »They're here. They're geeks. Get used to it

    • Dell in talks to buy Quest Software - report

      Reuters - Fri 25 May, 2012

      REUTERS - Dell Inc is in talks to buy Quest Software Inc, the network security software maker that had earlier agreed to be acquired by Insight Venture Partners for $2 billion, Bloomberg reported, quoting sources. Quest shares were up 5 percent at $26.45 in early trading on Friday on the Nasdaq. Shares of the company, which now has a market value of $2.12 billion, gained more than a third of their value after Insight Venture's offer. Quest said earlier this month it had received multiple alternative proposals during its go-shop period following the offer from the private investment firm. ... More »Dell in talks to buy Quest Software - report

    • Giant radio telescope gets split location

      Reuters - Fri 25 May, 2012

      LONDON/AMSTERDAM (Reuters) - The world's biggest and most advanced radio telescope, capable of detecting signs of extraterrestrial life in the far reaches of the universe, will be spread across South Africa, Australia and New Zealand. The decision to split the location of the $2 billion "Square Kilometre Array" followed intense lobbying by the two leading bidders, South Africa one side and a joint bid from Australia and New Zealand on the other. ... More »Giant radio telescope gets split location

    • Now, helmet that wards off signs of ageing as users sleep

      ANI - Fri 25 May, 2012

      London, May 25 (ANI): A Japanese firm has unveiled a tight-fitting helmet, which claims to firm up complexion and reduce sagging while a person sleeps. More »Now, helmet that wards off signs of ageing as users sleep

    • NBC may buy Microsoft's MSNBC.com stake

      Reuters - Fri 25 May, 2012

      REUTERS - NBCUniversal is in talks to buy out Microsoft Corp's 50 percent stake in joint venture MSNBC.com, media reports said. NBCU parent Comcast Corp is conducting due diligence and the partnership with NBC News could be unwound by this summer, said Adweek, which first reported the talks. "Discussions are taking place," Amy Lynn, director of communications at NBC News, told the Wall Street Journal. The companies are likely to negotiate a deal ensuring that MSNBC.com secures real estate on MSN.com, similar to the treatment Fox Sports receives, Adweek said. ... More »NBC may buy Microsoft's MSNBC.com stake

    • Facebook market makers' losses total at least $100 mln

      Reuters - Fri 25 May, 2012

      REUTERS - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. ... More »Facebook market makers' losses total at least $100 mln

    • Ukrainian pianist plays her way to YouTube stardom

      Reuters - Fri 25 May, 2012

      LONDON (Reuters) - A little-known Ukrainian pianist who has had 43 million views on YouTube of her performing everything from Liszt to Schubert said on Friday for an encore she will play London's Royal Albert Hall -- and the world is invited to watch on the Internet. Valentina Lisitsa, who has been playing piano since the age of 3, began her rise to Internet stardom five years ago, when she posted a Rachmaninov etude nicknamed "Little Red Riding Hood" on the Internet. Perhaps in part bolstered by her flashing long fingers and blonde tresses, that video clip has had 1. ... More »Ukrainian pianist plays her way to YouTube stardom

    • Habbo bets on open platform, iPhone app for growth

      Reuters - Fri 25 May, 2012

      HELSINKI (Reuters) - Finnish internet company Sulake, the operator of Habbo Hotel teen networking sites, hopes to reignite its stalled growth by launching a long-awaited iPhone app next month and inviting external developers to its site. Habbo Hotel was one of the front-runners of the social networking boom, and its use of avatars instead of profile pictures gained a strong teenage following after its launch ten years ago. But its strict monitoring policy, while reassuring parents, has turned off many teenagers who prefer the freedom of sites like Facebook . ... More »Habbo bets on open platform, iPhone app for growth

    • Morgan Stanley adjusting some Facebook trades

      Reuters - Fri 25 May, 2012

      REUTERS - Morgan Stanley will adjust thousands of trades to ensure outstanding limit orders to sell will be filled at no more than $42.99 a share for Facebook stock from last Friday's botched initial public offering, the firm told its brokers on Thursday, according to several who listened to the call. Morgan Stanley said that limit orders to sell shares at $43 or higher that have not yet been processed because of glitches at Nasdaq will be settled over the next few days at less than $43. Fewer than one million shares traded in a two-minute period on the opening day above $43. ... More »Morgan Stanley adjusting some Facebook trades

    • Facebook fallout: Silicon Valley won't snub Morgan Stanley

      Reuters - Fri 25 May, 2012

      SAN FRANCISCO/NEW YORK (Reuters) - Silicon Valley isn't quite ready to dump Morgan Stanley over the Facebook IPO fiasco. It could be said that playing a role in botching the world's biggest tech initial public offering would be enough to kick its lead banker out of the club, or at least to the curb, but a tarnished image hasn't necessarily dented Morgan Stanley's position as a go-to underwriter for Silicon Valley, according to bankers, venture capitalists and start-ups. ... More »Facebook fallout: Silicon Valley won't snub Morgan Stanley

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