Kodak: With Firings, Asset Sales, Company Should Emerge Trimmer, Expert Says
September 11 2012 12:10 PM EDT
Eastman Kodak (Pink: EKDKQ) will win court approval to ax more people and sell units, a veteran bankruptcy lawyer said. But it won't get anything near full price for the units as well as for 1,100 patents that interest Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) because of the stain of bankruptcy.
South Africa Mining Strikes Spread
September 11 2012 11:39 AM EDT
The world's second-largest platinum producer said striking South African miners are demanding another 8 to 10 percent pay hike like the one they received in April that ended a six-week strike.
Apple’s iPhone 5 Could Add 0.5% To US GDP, JPMorgan Says
September 11 2012 11:24 AM EDT
If, as one analyst expects, Apple sales of its new iPhone 5 -- estimated to cost about $600 each -- reaches 8 million, it could boost the GDP of the U.S. by half a percentage point.
Volt A 'Technology Masterpiece,' Not A Loss-Leader: Bob Lutz, Former GM Exec
September 11 2012 11:04 AM EDT
A former high-level General Motors Company (NYSE: GM) executive -- widely considered to be the godfather of the company's foray into electric-vehicle production --struck back Tuesday at the assertion the carmaker might be losing nearly $50,000 on each one of the signature Volt plug-in vehicles the firm has sold so far.
Apple iPhone 5, iPad Mini Rumors: Alleged Cases Compared To iPhone 4S, New iPad [PHOTOS]
September 11 2012 10:30 AM EDT
We're just one day away from the big Apple event in San Francisco, which is expected to introduce a new iPhone and "iPad Mini." For those who want an early peek at what these next-gen devices "allegedly" look like, MacRumors reader Michael Rou managed to get his hands on a few "pre-production" cases of the new iOS device designs, and on Monday, he posted an album of them on Flickr for the world to see. These case designs perfectly mirror the leaked specs and prototypes we......
Royal Philips Electronics To Cut 2,200 More Jobs By 2014
September 11 2012 9:26 AM EDT
Royal Philips Electronics NV, the largest maker of lights, said Tuesday it plans to cut another 2,200 jobs by 2014 to save €300 million ($383 million) a year as economic conditions deteriorate.
GoDaddy.com Says Most Sites Restored After Cyberattack
September 11 2012 9:20 AM EDT
GoDaddy.com, the popular website that hosts millions of domains for businesses, said it had restored most service Tuesday. On Monday, it was subject to cyberattack by someone claiming to be a member of the Anonymous hacker group.
Mountain Lion OS X New Version Likely To Solve Laptop Battery Life Issues
September 11 2012 8:32 AM EDT
A new set of tests published Sept.10 showed that MacBook battery life increased significantly with a developer build of OS X Mountain Lion, with the recent beta version enabling an 85-minute increase from current 10.8.1, AppleInsider reported.
Apple UDID Leaks: BlueToad Breaks Silence On Hacking Attack; Owns Up As Source For Incident
September 11 2012 7:26 AM EDT
In a clearly worded acknowledgement, digital publishing firm BlueToad confirmed that it was the source of Apple UDID leaks reported last week, Reuters reported.
US Foreclosures Have Modest Impact On Nearby Home Prices: NBER
September 11 2012 6:14 AM EDT
Foreclosed properties in the U.S. cause only a modest decline on the home prices of nearby properties, and the effects go away a year after the distressed property is resold, according to a working paper by the National Bureau of Economic Research.
Apple iPhone 5 Features Update: Samsung To Take Legal Action Against Apple For Employing LTE Technology
September 11 2012 4:31 AM EDT
With just a day to go for Apple's Sept.12 event, confirmed reports have emerged that South Korean handset manufacturer Samsung is contemplating legal action against Apple over reported use of Long Term Evolution (LTE) connectivity technology.
Zynga Loses Marketing Chief, CTO In Latest Round Of Departures
September 10 2012 7:08 PM EDT
Zynga., creator of popular social and mobile games like "FarmVille" and "Words with Friends," is losing its chief marketing and revenue officer, Jeff Karp, the second executive departure in as many days.
GoDaddy Sites Down, May Be Victim Of Anonymous Cyberattack
September 10 2012 5:03 PM EDT
Customer sites operated by private GoDaddy.com reported major computer problems Monday due to an apparent cyberattck by Anonymous. Last winter, Intyernet activists attacked GoDaddy.com for its support of the Stop Online Privacy Act.
Steam 'Big Picture Mode' Enters Beta: What This Means For Valve's Future Hardware
September 10 2012 4:18 PM EDT
Following a slew of announcements about Valve Corporation expanding beyond game development and distribution into general software and hardware possibilities, Steam is officially releasing a beta version of its "Big Picture Mode" today. Showing a sleek and innovative approach to a television-based user interface, the new version of Steam raises questions about the future of PC game development.
EU Market For Cars Backfires As VW Cuts Sales Guidance
September 10 2012 3:47 PM EDT
Volkswagen AG (PINK: VLKAY) cuts its internal European 2012 annual sales guidance by 150,000 vehicles, according to German news magazine Der Spiegel, Reuters reported.
Proofpoint CEO: Cloud-Based Security Software Is Meeting Threats To Major Enterprises
September 10 2012 3:31 PM EDT
Proofpoint Inc. (Nasdaq: PFPT), the security software developer that conducted an April IPO, is confident it can beat bigger rivals like Symantec (Nasdaq: SYMC) in the market because it uses the cloud, offers lower cost of ownership and is spending cash to devise new products. So far, none of its accounts has been successfully cyberattacked, said CEO Gary Steele.
Japan’s Top Financial Regulator Found Dead In Possible Suicide
September 10 2012 2:52 PM EDT
Japan’s top financial regulator, Tadahiro Matsushita, was found dead at his home in Tokyo on Monday, with police suspecting a suicide.
GoDaddy Down: Outage Takes Out Millions Of User Sites, Emails
September 10 2012 2:36 PM EDT
As of Monday afternoon, all sites being hosted by Internet domain registrar GoDaddy were down. The company confirmed the issue on Monday afternoon and is working to resolve the problem.
Seth Rogen, Chloe Moretz And Nicolas Cage Join DreamWorks Dream Team: Massive 4-Year Slate Unveiled
September 10 2012 1:20 PM EDT
DreamWorks Animation's ambitious 12-movie slate, the largest ever for an animation studio, includes a combination of sequels, spinoffs, adaptations and, yes, even a few original concepts.
Lonmin, Gold Fields Miners Escalate Strikes In South Africa, Endangering Production
September 10 2012 1:15 PM EDT
Strikes at South African mines controlled by Lonmin PLC (London: LMI), the world's third-largest platinum producer, and Gold Fields Ltd. (NYSE: GFI), the fourth-largest gold miner, escalated Monday, further endangering production of the metals.