Microsoft delays launch of its Xbox One console in China
BEIJING (Reuters) - Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the year. Microsoft did not give a reason for the delay in a statement on Sunday. The delay is the latest in a series of setbacks for Microsoft in China, where it is under investigation for suspected anti-trust violations related to the Windows operating system and Microsoft Office. The Chinese government lifted a 2000 ban on gaming consoles earlier this year. ...
Sun, 21 Sep 2014 04:51:46 -0400
SoftBank estimates $4.6 billion gain from Alibaba listing
TOKYO (Reuters) - Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade. SoftBank CEO Masayoshi Son also told CNBC that he would want to own more of Alibaba, although he reiterated that the Japanese mobile carrier and Internet media company was happy with the current 32 percent stake, which made it the Chinese company's biggest shareholder. Asked if he would like more of Alibaba, Son told CNBC on Friday: "Of course. ...
Sun, 21 Sep 2014 04:54:58 -0400
Facebook's Oculus unveils new virtual reality prototype device
LOS ANGELES (Reuters) - Facebook Inc's Oculus VR unit announced an upgraded prototype of its virtual reality headset that has higher resolution and built-in audio, but the company said it is not ready to sell a device to consumers. The new Crescent Bay device also is lighter than the most recent prototype of the Oculus Rift headset the company has made available to developers, Chief Executive Brendan Iribe said on Saturday at an Oculus developers conference in Hollywood. "This is not the consumer product," Iribe said. But he added that "it is much, much closer. ...
Sat, 20 Sep 2014 15:22:28 -0400
When music stops for Oracle CEO dance, Catz may grab Ellison's chair : analysts
By Jeffrey Dastin and Sam Adams NEW YORK (Reuters) - If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp ? Reuters asked a cast of Wall Streets analysts, and the verdict is dealmaker and finance guru Safra Catz. The question is on investors' minds after Ellison, 70, promoted both Catz and sales leader Mark Hurd to the CEO position on Thursday, while taking on the role of executive chairman and chief technology officer himself. The move appears to be the first stage of Ellison's gradual withdrawal. ...
Fri, 19 Sep 2014 19:24:24 -0400
Rocket Internet CEO stands to lift stake via options: report
FRANKFURT (Reuters) - Oliver Samwer, chief executive and co-founder of Rocket Internet is in a position to increase his stake in the German venture capital firm under a stock options program that will be part of its planned stock market listing, a German magazine report said on Saturday. Samwer stands to receive options that entitle him to buy 4.5 million shares, or about 4 percent of the current share capital, at an unspecified discount over the next five years, based on certain business performance targets, weekly WirtschaftsWoche said, citing a document it obtained. ...
Sat, 20 Sep 2014 11:32:01 -0400
Alibaba surges 38 percent on massive demand in market debut
By Liana B. Baker, Jessica Toonkel and Ryan Vlastelica NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class. It was an auspicious debut for the Chinese e-commerce company, which was founded by Jack Ma in his apartment in 1999 and now accounts for 80 percent of online sales in China. ...
Fri, 19 Sep 2014 17:28:47 -0400
The new Star Wars is still waiting on its DroneShield
Drone pilots have beencapturing photos and video from above the scenes of the new Star Wars Episode VII,revealing a half-built Millenium Falcon and a black X-Wing fighter parked in the verdant English countryside about 50 miles outside London. Those leaks might have been prevented, Motherboard reports, if only Pinewood Studios had received its DroneShield on time.
Sun, 21 Sep 2014 18:54:59 -0400
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