TECHNOLOGY

Nokia hits new low as Moody's cuts rating

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Moody's dealt a fresh ratings blow to Nokia on Monday, dragging its shares to their lowest level in 15 years and reflecting the Finnish handset maker's struggle to compete with Apple and Samsung.
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Can an app help you craft the perfect dream?

Whether it is a stroll on the beach, sitting in a tranquil garden or a trip in the space shuttle researchers are testing a new iPhone app in a mass experiment to see if it is possible to craft the perfect dream.
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Vornado says: Everything's on the table

Vornado Realty Trust , facing criticism from investors over its lackluster share price, said it is mulling an array of options including selling its stake in Toys R Us, buying back shares, and even breaking up the real estate investment trust.
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Fight emerges over fate of Megaupload U.S. servers

A U.S. judge on Friday came up short trying to find anyone to take possession of more than 1,100 computer servers that were used by Megaupload, the now-shuttered online service that has been charged with massive copyright infringement.
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In Silicon Valley, designers emerge as rock stars

Five years ago, Justin Edmund arrived at Carnegie Mellon University, a floppy-haired freshman, with artistic talent and dreams of joining a venerable design firm like IDEO or Frog. But during his sophomore year, a recruiting pitch from a Facebook employee turned his head, and prompted a detour of his ambitions.
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Astounding Seattle TRO ruling could remake smartphone wars

With a single ruling this week, U.S. District Judge James Robart of Seattle federal court may have fundamentally altered the balance of power between Motorola Mobility and the leading opponents of Motorola's soon-to-be-parent Google, Microsoft and Apple.
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Oracle kicks off busy trial season against Google

Oracle Corp is set to go to trial next week against Google Inc in a high-stakes dispute over smartphone technology, the biggest case in what is shaping up to be an intense year in court for the enterprise software giant.
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Infosys Q4 profit rises, but slower outlook hits shares

Infosys Ltd , India's No.2 software services exporter, posted a 27.4 percent rise in quarterly profit on Friday, but forecast lower-than-expected revenue growth for the current fiscal year due to an uncertain global economy and currency volatility.
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Pentagon sets up fast track for buying cyber war tools

The Pentagon is establishing a fast-track acquisition process that would enable it to develop new cyber warfare capabilities within days or months if urgently needed, the Defense Department said in a report to Congress.
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Samsung seen taking cellphone crown from Nokia: poll

Korea's Samsung Electronics Co Ltd ended Nokia Oyj's 14-year leadership of the global cellphone market in the first quarter of the year, outselling the struggling Finnish handset maker for the first time ever, according to a Reuters poll of analysts.
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Investors losing faith that Nokia can stop the rot

Ailing cellphone maker Nokia has the cash to survive seven quarters like the last, but investors are losing faith that it can break the vicious circle that keeps customers and in turn application developers from its new phones.
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Dealtalk: What will be the next Instagram?

Facebook's willingness to pay $1 billion to buy the 12-person start-up Instagram has Silicon Valley venture capitalists happily re-doing their math on the potential value of hot young companies.
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What will be the next Instagram?

Facebook's willingness to pay $1 billion to buy the 12-person start-up Instagram has Silicon Valley venture capitalists happily re-doing their math on the potential value of hot young companies.
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Sony CEO wields ax, sets turnaround targets

Less than a fortnight into his job as CEO, Kazuo Hirai sketched out a strategy to revive Sony Corp: a major push into smartphones, growth in games and cameras, and big cost cuts in a TV business that has not made a profit in eight years.

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