Company Updates

Facebook agrees to improve privacy policy

Social networking giant Facebook has finally agreed to make required improvements to its privacy policy, Irish Data Protection Commissioner Billy Hawkes announced.

The Data Protection Commissioner said that Facebook would make more than a dozen improvements to its privacy policy within the next six months.

It may be noted here that Facebook stores all user data and operations outside the UUS and Canada in Ireland.

Oracle reports lower-than-expected results; shares slip

Shares in Oracle slipped the most in more than nine years on Wednesday as the business software maker's quarterly results failed to meet market expectations.

Oracle stock shed 12 per cent to close at $25.77-a-share, after the software maker reported a year-on-year increase of 17 per cent in earnings to $2.2 billion, or 43 cents a share, for its fiscal second quarter ended November 30.

Excluding one-time items, the company reported earnings of 54 cents per share. The earnings per share were below analysts' projected average estimate of 57 cents per share.

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Sony issues apology and software update after complaints about new PS Vita

Sony’s new PlayStation Vita handheld console, which was released in Japan during the past weekend, has already run into problems --- with the early users of the device complaining about unresponsive touchscreens, freezes, and crashes.

Despite the fact that the reporting of glitches in any new console is a common thing, the number of PS Vita complaints – which the users have voiced via Twitter and YouTube – have been so numerous that the experts have been taken by surprise.

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AT&T talks to sell T-Mobile assets go cold

Marking the strongest indication thus far that AT&T's $39-billion T-Mobile acquisition may fall through, a Sunday report in the Wall Street Journal (WSJ) has revealed that AT&T has gone cold on talks pertaining to asset sales for getting the merger approved by the regulators.

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Samsung files new claims against Apple in Germany

In what marked the latest development in the Apple-Samsung legal scuffle, Samsung has filed new claims against Apple, in Germany, alleging that four of the South Korean company's patents had been violated by the Cupertino, California-based iPhone maker.

Disclosing the information about its latest filing against Apple, Samsung said that the December 16-filed claims - which were filed with Germany's Mannheim Regional Court - cover the alleged violation of the patents pertaining to Samsung's telecommunications standard technology and user interface.

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