TECHNOLOGY

Ericsson Q1 lags consensus in tough market

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World number one mobile telecom gear maker Ericsson said tough market conditions hit sales and profits in the first quarter and gave no sign a recovery in operator spending was on the horizon.

Denver spirits drop as Qwest deal announced

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Spirits sank in the Mile High City on Thursday as hometown telephone company Qwest said it would be taken over by a Louisiana company, the third strike in two years for Denver after the loss of Coors beer and Frontier Airlines.
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South Park airs censored episode after threat

Satirical animated TV show South Park beeped out the words Prophet Muhammad and plastered its Wednesday episode with the word CENSORED after being issued a grim warning by a U.S. Muslim group.
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Microsoft profit up, but shares fall

Microsoft Corp posted a better-than-expected 35 percent jump in quarterly profit, lifted by sales of Windows 7, but its shares fell about 5 percent as investors expected more from a recovering technology sector.
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Profits boost lifts market

Stocks staged a late-day comeback on Thursday as strong quarterly profits from consumer bellwethers like Starbucks Corp outweighed worries about Greece's shaky finances.
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Amazon outlook disappoints

Amazon.com Inc forecast lower-than-expected earnings, raising concerns about the online retailer's future margins and sending its shares down about 7 percent.
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Big expectations for RIM at BlackBerry trade show

Research In Motion Ltd needs to produce evidence next week that it is close to unveiling a more consumer-friendly BlackBerry experience if it hopes to disarm critics who question its competitive chops.
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Biggest study on cellphone health effects launched

The biggest study to date into the effects of mobile-phone usage on long-term health was launched on Thursday, aiming to track at least a quarter of a million of people in five European countries for up to 30 years.
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Verizon profit falls, subscriber growth weak

Telephone operator Verizon Communications Inc posted a smaller quarterly profit and wireless subscriber growth slowed more dramatically than Wall Street analysts' already low expectations.
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Study launched on health impact from mobile phones

A new decades-long study examining the link between the use of mobile phones and long-term health problems such as cancer and neurological diseases launched on Thursday across five European countries.
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Raytheon posts quarterly profit

Defense contractor Raytheon Co reported higher per-share earnings on Thursday as it bought back shares and saw growth in training programs provided for the U.S. Army.
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Smartphone problems hurt Nokia, shares dive

Nokia on Thursday cut the profit outlook for its key phone unit as the world's top cellphone maker struggles in the market for more expensive handsets, sending its shares sharply lower.
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Nokia slashes prices, to delay new software

Nokia has slashed prices of its cellphones across its portfolio this week, with the deepest cuts of around 10 percent seen for some smartphone models, data seen by Reuters showed on Thursday.
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Netflix profit beats Street, share gains muted

Netflix Inc beat quarterly profit expectations on strong subscriber growth, but a lofty share price and concerns about whether the DVD rental company can keep growing rapidly capped stock gains.
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Target to carry Kindle at stores in late April

Target Corp said on Wednesday it would begin selling Amazon.com Inc's Kindle e-reader, in the first example of Amazon allowing distribution of its popular product outside its website.
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PersonalFinance: Building your own annuity

Need retirement income? You can create your own annuity with a carefully crafted mix of bonds that will immunize your income against market change, say experts at Asset Dedication financial consulting company.
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Analysts laud Apple after blowout quarter

At least 13 brokerages raised their price targets on Apple Inc , a day after its blowout quarterly results, indicating that some on Wall Street expect the stock to gain another 30 percent from already record-high levels.
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Analysts raise targets on Apple post results

At least eight brokerages raised their price targets on Apple Inc Wednesday, a day after the company posted stellar quarterly profit on record iPhone sales and forecast strong third-quarter revenue.
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Earnings lift equities, Greece stays in focus

Strong earnings from tech stock Apple and other U.S. companies helped lift global stocks on Wednesday, boosting tech-heavy markets in Asia and feeding optimism about the global economic recovery.
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Author Toibin sees novel surviving new technology

Award-winning Irish writer Colm Toibin firmly believes the novel will remain fundamentally unchanged by the Internet or other high-tech innovations, a realm in which he admits he is nearly illiterate.
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Apple results smash Street view, outlook strong

Apple Inc's results blew past Wall Street expectations on the back of record iPhone sales, and the company gave a strong revenue forecast, sending its shares up more than 5 percent to an all-time high.
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Apple seeks return of lost iPhone prototype

A wayward prototype of Apple Inc's next-generation iPhone has dominated the chatter in Silicon Valley over the past few days, and the company has moved to recover the device after it was apparently lost in a bar.
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Ten countries urge privacy changes at Google

Data protection and privacy chiefs from 10 countries issued a joint letter pushing search engine giant Google to improve respect for data privacy, Canada's Office of the Privacy Commissioner said on Tuesday.
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J&J profit beats forecast, but drug sales slump

Johnson & Johnson on Tuesday reported better-than-expected first-quarter earnings, with strong sales growth of medical devices offsetting revenue declines for its prescription drugs and tepid growth for its array of consumer products.
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Apple users lose some immunity to cybercrime

Fake security software was the No. 1 cybersecurity woe afflicting computer users in 2009, and Apple users lost some of their immunity to cybercrime as they stored more data online instead of on hard drives, according to the cybersecurity firm Symantec.
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Global markets drive U.S. industrial profits

International markets like China and Brazil drove profits at U.S. industrial companies in the first quarter, many of which beat Wall Street estimates and raised their full-year forecasts.
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Apple says iPad 3G available on April 30

The high-speed mobile version of Apple Inc's iPad will hit store shelves on April 30, and international pricing for the tablet computer will be spelled out on May 10, the company said on Tuesday.
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Asian chipmakers see firm growth; Samsung capex eyed

Asian chipmakers are set to deliver another set of strong results and cement growing views that the global technology sector's recovery is accelerating as an economic recovery boosts corporate and consumer spending.

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