Technology News Headlines

Oculus to sell virtual reality headsets for consumers from early 2016

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REUTERS - Virtual reality technology company Oculus said it would start shipping the much-awaited consumer version of its Rift headset in the first quarter of 2016. | Video

2:45am IST

EU aims to cut sales tax on online newspapers - Juncker

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BRUSSELS - The EU executive will propose cutting the bloc's sales tax on online newspapers, European Commission President Jean-Claude Juncker said on Wednesday, in a move that would bring them into line with print media.

2:10am IST

Facebook's Seattle site leader leaves company

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SEATTLE - The leader of Facebook Inc's fast-growing Seattle office left the company last month, a spokeswoman for the online social network told Reuters on Wednesday, a crucial personnel change at Facebook's largest engineering office outside of its Silicon Valley headquarters.

Tech, Facebook 6:16am IST

Wed, May 6 2015

EU to review behaviour of web giants in digital market overhaul

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BRUSSELS - The European Commission will conduct a comprehensive review this year of the role of web giants such as Google, Facebook and Amazon to decide whether it should regulate them more tightly, it said on Wednesday.

Tech, Facebook 06 May 2015

Pandora defeats ASCAP, music publishers in royalties appeal

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NEW YORK - A federal appeals court in Manhattan rejected appeals by a music licensing group and music publishers that could have forced Internet radio service Pandora Media Inc to pay higher royalties and have access to fewer songs.

1:59am IST

Samsung Elec says new S.Korea chip plant to start production in H1 2017

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PYEONGTAEK, South Korea - Samsung Electronics Co Ltd said on Thursday its new $14 billion South Korean chip plant, which is expected to help drive growth as smartphone earnings slow, will start production sometime in the first half of 2017.

8:08am IST

Chinese authorities visit Uber's Chengdu office

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SHANGHAI - Authorities in China's southwestern city of Chengdu visited the offices of Uber on Wednesday as part of a new investigation into the online taxi-hailing service, a spokeswoman for Chengdu's transportation commission said.

10:05am IST

FAA in partnerships to test beyond-line-of-sight drones

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WASHINGTON - The Federal Aviation Administration said it would work with two private U.S. companies to test commercial drones that can fly beyond an operator's line of sight, a precursor to sophisticated drone operations such as package delivery.

Zynga reports higher-than-expected bookings, to cut jobs

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- "Farmville" creator Zynga Inc reported higher-than-expected bookings as titles such as "Words With Friends" attracted more gamers, and the company announced the elimination of another 364 jobs as it tries to turn around its business.

3:59am IST

Cheil Industries shares dive after report that Samsung will not be holding firm

SEOUL - Shares of Cheil Industries , which owns fashion brands and amusement parks, fell up to 13.5 percent on Thursday after a media report said parent Samsung Group will not turn it into a holding company to pave the way for generational succession.

6:24am IST