BANGALORE (Reuters) - Navigation technology company TeleNav Inc warned that a contract renegotiation with its largest customer could lead to a fall in revenue, sending its shares down 16 percent in extended trade. TeleNav said it expects any extended agreement would lead to declines in average revenue per user and significant ...More
SHANGHAI (Reuters) - Google Inc said on Friday the firm's report that web searches in China were being blocked could have been the result of its own technical glitch that overstated the problem. Google said on Thursday that Web searches and mobile services were blocked in China, according to a ...More
SAN FRANCISCO (Reuters) - McAfee Inc, the No. 2 security software maker, reported better-than-expected profit on Thursday, lifted by growth in its consumer business. While warning of significant headwinds due to the impact of foreign exchange, the company set a forecast for the current quarter that was in line with Wall ...More
SEATTLE (Reuters) - Microsoft Corp set out its ambitions to dominate the consumer electronics market on Thursday with Windows-powered tablet computers and smartphones designed to beat back advances by Apple Inc and Google Inc. New tablets will be available as soon as they are ready to ship and phones will be ...More
WASHINGTON (Reuters) - The Justice Department said on Thursday it sued Oracle Corp, alleging it defrauded the federal government on a software contract in effect from 1998 to 2006 that involved hundreds of millions of dollars in sales. The lawsuit alleged Oracle misrepresented its true commercial sales practices, ultimately leading to ...More
MOSCOW (Reuters) - A court in Russia's far east has ordered an Internet provider to block five sites which it said disseminated extreme views, prompting U.S. Internet giant Google to say on Thursday the move restricted access to information. Russian Internet provider Rosnet appealed on Wednesday to overturn the ...More
TOKYO (Reuters) - Robots that can chat, find misplaced glasses, draw airplanes and play with your children are attracting thousands of visitors during an expo in Tokyo as Japan adapts to changes in society. Robots, such as the sound-sensitive Chapit, answer simple questions and even joke with people to help the ...More
NEW YORK (Reuters) - Motorola Inc <MOT.N> posted stronger-than-expected quarterly results on strength in its enterprise and network units, boosting its shares despite investors' frustration that its phone sales target wasn't raised. Investors had hoped that the popularity of Motorola's Droid X, its latest phone being championed by ...More