TECHNOLOGY

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Boeing submits bid for U.S. Air Force tankers

Boeing Co submitted its formal proposal to begin building a new U.S. Air Force aerial tanker fleet in a contest worth up to $50 billion that pits it once more against archrival Airbus.

Fujitsu plans to beef up cloud computing business

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Fujitsu Ltd, Japan's biggest IT services provider, said on Friday it plans to boost investment in cloud computing by 54 percent this year to beef up its operations in one of the IT sector's hottest areas.

Venezuela arrests two for banking rumor Tweets

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Venezuelan police said on Thursday they arrested two people for spreading false rumors on the micro-blogging site Twitter aimed at destabilizing the Latin American country's banking system.
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Borders sees new e-bookstore taking share

Borders Group Inc's electronic bookstore went live on Wednesday, and the company set an ambitious target to secure 17 percent of the digital book market in one year, sending its shares up more than 9percent.
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Borders new e-bookstore goes live

Borders electronic bookstore went live on Wednesday, and the head of the company's bookselling business predicted that it would quickly win a sizable piece of the fast-growing sector.
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Samsung profit to slow on Europe after record Q2

Samsung Electronics' record quarterly profit failed to please investors as a weak European economy looks set to weaken demand for flat screens and chips, hurting profitability at the world's largest memory chipmaker.
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Borders launches e-bookstore and new smartphone apps

Borders Group Inc launched its long awaited electronic bookstore on Wednesday, along with applications for the store on several leading smartphones in a bid to catch up to rival booksellers and generate sales in the fast growing e-book segment.
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Samsung growth to slow as European market weakens

Samsung Electronics , the world's No.1 memory chip maker, is set to see slower growth in the second-half as the euro zone crisis weakens demand for flat screens and chip prices are likely to ease.
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Microsoft plans small job cuts: report

U.S. software giant Microsoft Corp is planning to cut a small number of jobs as early as this week, the Wall Street Journal said, citing a person familiar with the matter.
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Borders launches e-bookstore

Borders Group Inc's electronic bookstore went live on Wednesday and the head of its bookselling business predicted that it would quickly catch up with rivals and win a piece of the fast growing e-books sector.
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Samsung sees record quarter

Samsung Electronics, the world's No.1 memory chip maker, said it was on course to report a better-than-expected record quarterly profit, but second-half growth may falter as the euro zone crisis weakens handsets.
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Samsung estimates record Q2 profit on chips and LCDs

Samsung Electronics, the world's No.1 memory chip maker, said it was on course to report a record quarterly profit, powered by robust sales of memory chips and flat screens in a strong consumer electronics market.
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At Sun Valley, brighter moods may not mean big deals

As Rupert Murdoch, Bob Iger and other media honchos assemble in Sun Valley this week for some fly-fishing or white water rafting, spirits should be brighter than a year ago: stock prices are up by about a third, after all.
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Facebook swayed Nigerian president to reverse ban

Nigerian President Goodluck Jonathan said on Tuesday hundreds of posts on his Facebook page had helped persuade him to reverse his suspension of the national soccer team from international competitions.
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China IPO and Europe bank tests point to jump at open

U.S. stock index futures pointed to a rise of more than 1 pct at the open on Tuesday on signs of strength in Europe's banking system and ahead of a $22 billion initial stock offering by the Agricultural Bank of China, set to be the biggest-ever IPO.
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Netflix inks movie deal with Relativity Media

U.S. DVD rental service Netflix Inc said it has signed a deal with media company Relativity Media LLC to stream major theatrical movies to Netflix customers before they are shown on premium pay-television channels.
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Samsung H2 could play spoilsport to strong recovery

Samsung Electronics' second-half performance might be hit by weak European markets, and the launch of its new smartphones is key as the world's No. 1 memory chipmaker is set to report a record quarterly profit.
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Lady Gaga heads for 10 million Facebook fan record

Glam pop singer Lady Gaga is on the brink of becoming the first living person to have 10 million fans on a single social networking site, having already overtaken U.S. President Barack Obama on Facebook, a British group that measures online popularity said on Friday.
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Apple says iPhones overstate signal strength

Apple Inc came clean on Friday about an embarrassing software glitch that overstates network signal strength in its hot-selling iPhone, as complaints mounted about the phone's wraparound antenna.
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Nokia aims to be the best with Symbian, MeeGo-Vanjoki

Nokia is committed to get back the No.1 position in smartphones and plans to use no other software than Symbian and Linux MeeGo, head of its mobile solutions unit said on Friday. It's my aim to ensure Nokia stays as the market and intellectual leader in creating the digital world, Anssi Vanjoki wrote in a blog on Nokia's website.
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Undersea cable set to boost West Africa broadband

An eagerly-awaited submarine cable linking West Africa to Europe has gone live, paving the way for cheaper and more reliable internet access in one of the world's fastest-growing telecoms markets, its operators said on Friday.
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Amazon updates Kindle DX e-reader

Amazon.com Inc is launching an updated version of its high-end Kindle electronic reader and cutting the price in a move to address the threat from Apple Inc's iPad tablet computer.
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Amazon launches cheaper Kindle

Amazon.com Inc is launching an improved Kindle electronic reader and cutting the price, in a move to address the threat from Apple Inc's iPad tablet computer.
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Microsoft pulls plug on Kin phones

Microsoft Corp has pulled the plug on a new generation of smartphones less than three months after the company unveiled the devices in an attempt to catch-up with Apple and Google in the fast-growing mobile market.
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Amazon to acquire online store Woot

Amazon.com Inc said on Wednesday it signed an agreement to acquire online store Woot.com, which sells discounted products and operates an online community, for an undisclosed sum.

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