TECHNOLOGY

Sony Exec To Speak On PlayStation Security Breach

Sony Corp.'s Executive Deputy President Kazuo Hirai will hold a press conference on Sunday to talk about the recent security breaches of the PlayStation Network. It is the first time a company executive is directly addressing the issue.

Sony's No.2 Hirai to brief media Sunday on data theft

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Sony Corp's No.2 Kazuo Hirai will brief media on Sunday about a huge security breach of its PlayStation Network, the first time an executive of the Japanese electronics giant will publicly address the case, which could prompt global legal actions.
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RIM shares slide as product delays hurt outlook

Shares of Research In Motion Ltd fell 12 percent in pre-market trade on Friday, a day after the Blackberry maker slashed its first-quarter outlook as product delays hurt sales in the United States and Latin America.
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Mexico starts probes of TV, telecoms competition

Mexico's Federal Competition Commission said on Friday it has started separate investigations into alleged monopolistic practices in the sale of television advertising and telecommunications interconnection services.
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ZTE sues Huawei in China for patent infringement

ZTE Corp, China's No.2 telecommunications equipment maker, has filed a lawsuit against larger Chinese rival Huawei Technologies Co Ltd in China, it said on Friday, a day after it was sued by the latter in Europe.
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Caterpillar profit surges, raises full-year view

Caterpillar Inc recorded a fivefold surge in quarterly profit and raised its forecast for the rest of the year, citing rising demand for its bulldozers, excavators and other heavy equipment.

Apple hubris risks customer loyalty: analyst

The delayed reaction and mangled response from Apple over its privacy breaches follows a pattern of failed PR practices by the company, experts content, putting its brand in serious risk.
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Samsung sees tough outlook, Q1 hits 2-year low on TVs

Samsung Electronics faces a challenging outlook after reporting its third consecutive fall in quarterly profit as it struggles to make ground on Apple Inc and faces a tepid recovery in its TV and flat screens business.
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Apple says white iPhone is more durable

Apple, which rolled out its much-delayed white iPhone in 28 countries on Thursday, has said it had made changes in the manufacturing process to make the new gadget more durable.
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Renren revised IPO filing shows slower user growth

In the run-up to one of the hottest social media IPOs of the year, China's Renren Inc lowered the number of users it said it gained in the first quarter of 2011, raising questions about the rest of the information it provided to investors in official filings.

Apple's Privacy Crisis: 'What Fire?'

The delay in responding to privacy breaches is only making the situation worse for Apple, experts contend, with the handling of it more akin to a toy-factory rather than a business.
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Ancestry.com Q1 beats on strong subscriber adds,

Ancestry.com Inc reported quarterly results above market consensus helped by strong subscriber additions, and raised its full-year revenue outlook, sending its shares up 16 percent in extended trading.
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RIM cuts Q1 earnings and revenue forecast

Research In Motion cuts its earnings outlook for the current quarter on Thursday, saying it expects to ship fewer BlackBerry smartphones but maintained its robust full-year guidance.
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RIM cuts Q1 forecasts

Research In Motion slashed its earnings outlook for the current quarter by 11 percent on Thursday, saying it expects to ship fewer and cheaper BlackBerry smartphones.

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