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Date: 2012-10-24
Technology News:
Company News:
UBS set to cut 400 investment banking jobs: source
US-UBS-JOBS:UBS set to cut 400 investment banking jobs: source
ZURICH (Reuters) - UBS <UBSN.VX> is set to cut 400 investment banking jobs as early as Wednesday, a source familiar with the situation told Reuters, with more job losses at the Swiss bank likely to follow.

The 400 jobs would translate to less than 2.5 percent of UBS's overall inv...


LG Electronics swings to Q3 profit on surprise handset result
US-LG-EARNINGS:LG Electronics swings to Q3 profit on surprise handset result
SEOUL (Reuters) - LG Electronics Inc, the world's No.2 TV maker, swung to a third-quarter profit as its mobile phone business reported a surprise return to the black on a stronger product line-up, although its powerhouse TV division lost momentum.

July-September operating profit came i...


China's Huawei says will increase transparency
US-AUSTRALIA-HUAWEI:China's Huawei says will increase transparency
CANBERRA (Reuters) - Chinese telecoms equipment firm Huawei Technologies Co Ltd pledged on Wednesday to increase its transparency to counter security concerns, proposing to set up a cyber security evaluation center in Australia.

Huawei, which was barred from participating in Australia'...


Microsoft's newest weapon in China piracy fight
US-MICROSOFT-WINDOWS8-CHINA:Microsoft's newest weapon in China piracy fight
By Melanie Lee

SHANGHAI (Reuters) - In 20 years in China, Microsoft Corp hasn't had much luck. It is the world's largest market for PCs and yet with piracy rates as high as 77 percent, the software company is seeing only a fraction of the revenue it could collect.

...


VMware profit beats estimates, names new CFO
US-VMWARE-RESULTS:VMware profit beats estimates, names new CFO
(Reuters) - Software maker VMware Inc's <VMW.N> third quarter profit beat estimates on continued demand for virtual servers and cloud computing technologies, but it forecast a weak fourth quarter.

VMware also named Jonathan Chadwick as its new chief financial officer on Tuesday. ...


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