HP has $8.9B loss on expected charge for EDS flop

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• HP has $8.9B loss on expected charge for EDS flop
• Jurors begin deliberations in Apple patent case
• True/False: Never Sell Your Old Phone
• PayPal will soon be accepted anywhere Discover Card is
• Watch DARPA’s latest military robot flex its inflatable arm
• 13 Bittersweet Photos of Departure From Mashable Readers
• T-Mobile brings back unlimited data plan
• Facebook co-founder sells 450,000 shares
• SEC mandates company disclosures on mineral use
• PayPal to offer in-store payments thru Discover
• Developing Minds Want to Know: Q&A with Sand Studio’s tech lead about AirDroid
• Twitter and Tumblr Set Their Relationship Status to 'It's Complicated'
• Sharp lenders considering $2.5 billion more in loans: media
• PayPal inks Discover deal to bolster mobile payment platform
• Verizon to launch Optimus Vu as the LG Intuition, $199.99 on contract
• Jurors begin deliberations in Apple patent case
• Windows Phone 8 gets a huge gaming boost with Unity3D graphics engine support
• FTC clears Facebook's acquisition of Instagram
• Nikon announces the Coolpix S800c, Android users finally get a good camera
• Citigroup slams Nasdaq's Facebook compensation plan
• On the Call: HP CEO Meg Whitman
• LG says started production of new screen, as Apple plans product launch
• Sharp creditors considering $2.9 billion more in loans: paper
• HTC to reportedly slash prices and dump Beats Audio from most phone models [updated]
• HTC to reportedly slash prices and dump Beats Audio from most phone models
• News Summary: HP books big quarterly loss
• Chrome for iOS Now Lets You Share Pages on Facebook and Twitter
• HP posts mega-loss after EDS writedown
• HP has $8.9B loss on expected charge for EDS flop
• U.S. government seizes three popular Android piracy sites
• News Summary: Deliberations begin in Apple case
• Details about Samsung's Music Hub service
• A look at unlimited data plans at top 5 carriers
• International Rectifier sees weak first quarter revenue, shares fall
• Consumer Reports says Ford touch-screen system "stinks"
• Almost half of U.S. consumers think 4G LTE is unnecessary
• 13 Bittersweet Photos of Departure From Mashable Readers
• Developing Minds Want to Know: Q&A with Sand Studio’s tech lead about AirDroid
• Robot Recognizes Itself in Mirror; Antibiotics Make Us Fat

HP has $8.9B loss on expected charge for EDS flop Posted: 22 Aug 2012 04:11 PM PDT Hewlett-Packard absorbed the largest quarterly loss in its history as the Silicon Valley pioneer owned up to past mistakes that have left it scrambling to adapt to a shifting technology market.

Jurors begin deliberations in Apple patent case Posted: 22 Aug 2012 06:48 PM PDT Jurors began deliberating Wednesday in a multibillion dollar patent infringement case pitting Apple against Samsung over the design of iPhones and iPads — but few experts were expecting a quick verdict.

True/False: Never Sell Your Old Phone Posted: 22 Aug 2012 02:56 PM PDT I recently read an article that proclaimed you should never sell or recycle an old cell phone. It was based on a security researcher who said it is incredibly easy to get personal information off of a phone, making identity theft and credit card fraud a snap. But when you can get upwards of $100 [...]

PayPal will soon be accepted anywhere Discover Card is Posted: 22 Aug 2012 07:20 PM PDT The battle between PayPal, Square, and Google Wallet to determine which of the competing mobile payment options will reign supreme continues to heat up. Hot off news that it is working with McDonald's to let the fast food giant's customers pay … Continue reading →

Watch DARPA’s latest military robot flex its inflatable arm Posted: 22 Aug 2012 07:16 PM PDT When you think of robots, one quality that immediately springs to mind is superhuman strength, and that's something this new bot from iRobot definitely embodies. Developed for the Defense Advanced Research Projects Agency (DARPA), the Advanced Inflatable Robot (AIR) has … Continue reading →

13 Bittersweet Photos of Departure From Mashable Readers Posted: 22 Aug 2012 03:04 PM PDT Héctor Navarro

T-Mobile brings back unlimited data plan Posted: 22 Aug 2012 10:33 AM PDT Unlimited wireless data is back. After sliding off the menu of cellphone plans, data plans with no caps are making a comeback at smaller wireless companies trying to compete with AT&T and Verizon.

Facebook co-founder sells 450,000 shares Posted: 22 Aug 2012 01:34 PM PDT Facebook co-founder Dustin Moskovitz shed 450,000 shares of Facebook in the past few days for proceeds of about $9 million — a tiny chunk of his total stake.

SEC mandates company disclosures on mineral use Posted: 22 Aug 2012 01:12 PM PDT U.S. regulators mandated Wednesday that public companies disclose information about their use of minerals from Congo, where militias linked to atrocities have profited from mining minerals used in electronics, jewelry and other goods.

PayPal to offer in-store payments thru Discover Posted: 22 Aug 2012 02:32 PM PDT PayPal is expanding its brick-and-mortar payment services to more than 7 million stores across the U.S. in a partnership with Discover Financial Services.

Developing Minds Want to Know: Q&A with Sand Studio’s tech lead about AirDroid Posted: 22 Aug 2012 03:00 PM PDT AirDroid launched on Android towards the end of November, 2011. This notable app not only found its way into our Apps of the Week, it also appeared in our list of Best Android Apps of 2011. AirDroid lets you access the content and apps on your Android device directly over Wi-Fi from a web browser. There are no extra hoops to jump through, or additional software to install.

Twitter and Tumblr Set Their Relationship Status to 'It's Complicated' Posted: 22 Aug 2012 08:48 PM PDT Twitter's been kind of distant lately, what with all their new rules and everything, and now they're sort-of breaking up with Tumblr. But Tumblr doesn't want them to break up because they've been together for so long, and this was all so out of the blue. Things are very complicated right now.

Sharp lenders considering $2.5 billion more in loans: media Posted: 22 Aug 2012 08:29 PM PDT TOKYO (Reuters) - Sharp Corp's main creditors Mizuho Corporate Bank and Mitsubishi UFJ Financial Group are considering extending about 200 billion yen ($2.52 billion) in new loans to the struggling TV maker, Japanese media reported, sending its shares higher on Thursday. The embattled company, with debt of 1.25 trillion yen ($16 billion), is considering selling assets and cutting jobs as it scrambles for money to refinance as much as 360 billion yen of short-term commercial paper and a 200 billion-yen convertible bonds maturing in September next year. ...

PayPal inks Discover deal to bolster mobile payment platform Posted: 22 Aug 2012 08:25 PM PDT PayPal on Wednesday made its big move to upend Google (GOOG) Wallet in the mobile payment platform wars by signing a deal to enable its mobile payment system on Discover's credit card network. As reported by GigaOM, the new partnership will deliver PayPal's in-store payment service to more than 7 million different stores across the United States starting next April. GigaOM says that when the service launches next year, PayPal customers will be able to use a PayPal Access Card to buy in-store goods in conjunction with PayPal's mobile wallet app, which delivers deals and handles receipts, among other things. Read

Verizon to launch Optimus Vu as the LG Intuition, $199.99 on contract Posted: 22 Aug 2012 07:10 PM PDT Earlier this month, LG (06657011) announced that its smartphone-tablet hybrid, the Optimus Vu, would be arriving in the U.S at the end of September. According to Droid-Life, the device will be launching on Verizon's 4G LTE network as the LG Intuition for $199.99 with a new two-year agreement. The Optimus Vu was unveiled earlier this year at Mobile World Congress sporting a massive 5-inch display and a 1.5GHz dual-core processor. While the device hasn't matched the success of the Galaxy Note, LG revealed the phablet has sold more than 500,000 units since March. The Intuition will face tough competition on Verizon's (VZ) network from the Galaxy S III, the upcoming iPhone and HTC's rumored 5-inch smartphone.  Read

Jurors begin deliberations in Apple patent case Posted: 22 Aug 2012 06:48 PM PDT Jurors began deliberating Wednesday in a multibillion dollar patent infringement case pitting Apple against Samsung over the design of iPhones and iPads — but few experts were expecting a quick verdict.

Windows Phone 8 gets a huge gaming boost with Unity3D graphics engine support Posted: 22 Aug 2012 06:15 PM PDT The next generation of Windows Phone devices will reportedly support the high-caliber Unity3D graphics engine. WMPoweruser notes that Unity3D developer Unite Technologies has announced it will support both Windows Phone 8 and Windows 8 when the two operating systems are released later this year. As the site writes, this is very significant because "developers will have a very easy time porting high quality, graphics-intensive games to Windows Phone 8 from the iPhone," meaning that Windows Phone 8 will already have a strong gaming ecosystem ready to go when it finally launches. Read

FTC clears Facebook's acquisition of Instagram Posted: 22 Aug 2012 05:39 PM PDT SAN FRANCISCO (Reuters) - The U.S. Federal Trade Commission cleared Facebook Inc's acquisition of Instagram, voting unanimously to close its antitrust investigation into the deal without taking any action. The move frees Facebook to complete its purchase of the mobile photo application maker, the biggest acquisition in its history. Facebook announced plans to buy Instagram in a cash and stock deal for $1 billion in April. Under the terms of the deal, Facebook will acquire Instagram for $300 million in cash and roughly 23 million shares of Facebook common stock. ...

Nikon announces the Coolpix S800c, Android users finally get a good camera Posted: 22 Aug 2012 05:30 PM PDT Nikon (NINOY) on Wednesday officially announced the Coolpix S800c, the company's first Android powered camera. The 16-megapixel shooter supports a 10x optical 25-250mm zoom lens and is capable of recording videos in full 1080p HD at 30 frames per second. As previously reported, the device features a 3.5-inch OLED display along with built-in GPS for location tagging and Wi-Fi connectivity for easy uploading. The S800c comes preloaded with various Google (GOOG) apps — Gmail, Google Maps, YouTube, and so on — and also has access to more than 500,000 apps in the Play Store. "With the new COOLPIX S800c, Nikon designed a camera for users looking to capture stunning images and videos with a compact digital camera but also want to share their content

Citigroup slams Nasdaq's Facebook compensation plan Posted: 22 Aug 2012 05:29 PM PDT NEW YORK (Reuters) - Citigroup slammed Nasdaq OMX Group Inc's plan to compensate firms harmed by Facebook's botched market debut to the tune of $62 million, saying in a regulatory filing the exchange should be liable for hundreds of millions more, according to a letter seen by Reuters. Citi said Nasdaq's actions in the May 18 initial public offering amounted to "gross negligence," in the letter to the U.S. Securities and Exchange Commission, which had not yet been made public. ...

On the Call: HP CEO Meg Whitman Posted: 22 Aug 2012 05:12 PM PDT Since becoming Hewlett-Packard Co.'s CEO 11 months ago, Meg Whitman has repeatedly made it clear that it will take a long time to turn around the company. Whitman has already prescribed some harsh medicine by setting out to eliminate 27,000 jobs and replacing some top executives. In response to an analyst's question during a Wednesday conference call to discuss the company's fiscal third-quarter results, she listed a litany of challenges still facing HP.

LG says started production of new screen, as Apple plans product launch Posted: 22 Aug 2012 05:11 PM PDT SEOUL (Reuters) - Flat-screen maker LG Display has started mass production of a new and thinner display, widely speculated to be for use in Apple Inc's next iPhone, and the display's production schedule remains in line with customers' product release plans, LG's chief executive said. "We just began mass production and we don't expect any disruption in supplies," Han Sang-beom, chief executive of LG Display, a panel supplier for Apple products, told reporters late on Wednesday. His comments were embargoed until early Thursday morning. ...

Sharp creditors considering $2.9 billion more in loans: paper Posted: 22 Aug 2012 04:55 PM PDT TOKYO (Reuters) - Sharp Corp's main creditors Mizuho Corporate Bank and Mitsubishi UFJ Financial Group are considering extending another 230 billion yen ($2.90 billion)in loans to the struggling TV maker, the Yomiuri newspaper reported on Thursday. The loans would be on top of the 60 billion yen in stopgap financing they provided to Sharp in July to help the company meet its debt requirements, the paper said. ...

HTC to reportedly slash prices and dump Beats Audio from most phone models [updated] Posted: 22 Aug 2012 04:45 PM PDT After the launch of the company's One series failed to generate the level of consumer interest the company was looking for, HTC (2498) plans to significantly reduce the prices of its Android and Windows Phone devices, according to a report from Chinese website My Drivers. The strategy will be applied to models already on the market as well as future products. The Taiwanese manufacturer will supposedly also no longer integrate Beats Audio technology into the majority of its handsets. Once a dominant Android smartphone vendor, HTC has fallen on hard times over the past year and has allowed its rivals to soak up its market share. UPDATE: A company spokesperson said, "HTC doesn't comment on rumors and speculation." [Via Unwired View] Read

HTC to reportedly slash prices and dump Beats Audio from most phone models Posted: 22 Aug 2012 04:45 PM PDT After the launch of the company's One series failed to generate the level of consumer interest the company was looking for, HTC (2498) plans to significantly reduce the prices of its Android and Windows Phone devices, according to a report from Chinese website My Drivers. The strategy will be applied to models already on the market as well as future products. The Taiwanese manufacturer will supposedly also no longer integrate Beats Audio technology into the majority of its handsets. Once a dominant Android smartphone vendor, HTC has fallen on hard times over the past year and has allowed its rivals to soak up its market share. HTC did not respond to a request for comment. [Via Unwired View] Read

News Summary: HP books big quarterly loss Posted: 22 Aug 2012 04:42 PM PDT TAKING ITS LICKS: Hewlett-Packard Co. absorbed an $8.9 billion loss in its latest quarter as the technology company accounted for the poor performance of a past acquisition. It represented HP's biggest loss since its 1939 inception in a Silicon Valley garage.

Chrome for iOS Now Lets You Share Pages on Facebook and Twitter Posted: 22 Aug 2012 04:33 PM PDT Google has announced its first update to Google Chrome for iOS, adding the ability to share pages from the browser directly on your favorite social network, including Facebook and Twitter.

HP posts mega-loss after EDS writedown Posted: 22 Aug 2012 04:32 PM PDT SAN FRANCISCO (Reuters) - Hewlett-Packard Co swung to an $8.9 billion quarterly loss as personal computer sales shrank again and it swallowed a huge write-down linked to its $13.9 billion purchase of Electronic Data Systems Corp. The company also on Wednesday reduced its full-year earnings outlook slightly to the low end of its previous range, responding to a faltering PC market as well as touch economic conditions in Europe and also China, where growth too is slowing. Its shares slid more than 4 percent in late trading. The No. ...

HP has $8.9B loss on expected charge for EDS flop Posted: 22 Aug 2012 04:11 PM PDT Hewlett-Packard absorbed the largest quarterly loss in its history as the Silicon Valley pioneer owned up to past mistakes that have left it scrambling to adapt to a shifting technology market.

U.S. government seizes three popular Android piracy sites Posted: 22 Aug 2012 04:00 PM PDT The Department of Justice on Wednesday announced that in connection with Dutch and French law enforcement agencies, it has seized three of the most popular sites for illegally downloading Android apps. The three domains — Appbucket, Snappzmarket and Applanet — are now in the custody of the federal government, and would-be visitors are greeted with an FBI seizure notice. "Criminal copyright laws apply to apps for cell phones and tablets, just as they do to other software, music and writings. These laws protect and encourage the hard work and ingenuity of software developers entering this growing and important part of our economy," U.S. Attorney Sally Quillian Yates said. "We will continue to seize and shut down websites that market pirated apps,

News Summary: Deliberations begin in Apple case Posted: 22 Aug 2012 03:54 PM PDT CASE GOES TO JURY: Deliberations began Wednesday in a multibillion-dollar patent-infringement case in California pitting Apple against Samsung over the design of iPhones and iPads.

Details about Samsung's Music Hub service Posted: 22 Aug 2012 03:49 PM PDT Samsung Electronics Co.'s Music Hub service is an effort to capture some of the buzz around Spotify with a feature that combines an online storage service, unlimited song streaming, a radio player and a music store.

A look at unlimited data plans at top 5 carriers Posted: 22 Aug 2012 03:44 PM PDT Two smaller wireless companies, T-Mobile and MetroPCS, announced unlimited-data offerings this week as they try to compete with AT&T and Verizon. It marks a comeback for unlimited wireless data, after the two largest companies stopped signing up customers for such plans.

International Rectifier sees weak first quarter revenue, shares fall Posted: 22 Aug 2012 03:34 PM PDT (Reuters) - Semiconductor maker International Rectifier Corp posted a quarterly loss and forecast first-quarter revenue well below analysts' expectations on slowing demand for its power management chips. Shares of the company, which also announced cost cuts and the closure of a plant, were down 8 percent at $17 in trading after the bell. The company, whose chips are used in a wide array of products ranging from computers to cars, expects first-quarter revenue to be between $235 million and $250 million. Analysts were expecting revenue of $274.2 million, according to Thomson Reuters I/B/E/S. ...

Consumer Reports says Ford touch-screen system "stinks" Posted: 22 Aug 2012 03:29 PM PDT (Reuters) - An influential consumer magazine on Wednesday lambasted Ford Motor Co's touch-screen entertainment and navigation system, saying it is distracting, clumsy and overly complex. "MyFord Touch still frustrates us like few other control systems in any other brand's automobiles," Consumer Reports said in a blog post. "And worse, it is influencing competitors." Vehicles with the system have few traditional knobs and buttons. ...

Almost half of U.S. consumers think 4G LTE is unnecessary Posted: 22 Aug 2012 03:15 PM PDT There is no question that 4G LTE is the future of mobile data. Among the four major U.S. carriers, Verizon (VZ) and AT&T's (T) 4G LTE networks cover a majority of Americans, while T-Mobile and Sprint (S) are in the process of developing and rolling out their own high-speed LTE networks. Even though most high-end and mid-range smartphones being sold today in the U.S. offer the technology, a shocking number of consumers aren't interested in it. Piper Jaffray (PJC) analyst Christopher M. Larsen revealed, per AppleInsider, that according to a survey of 3,000 U.S. consumers, 46.8% of individuals feel they don't need 4G LTE, while 25.7% believe all 4G technology is the same — which it isn't. When asked about Apple's (AAPL)

13 Bittersweet Photos of Departure From Mashable Readers Posted: 22 Aug 2012 03:04 PM PDT Héctor Navarro

Developing Minds Want to Know: Q&A with Sand Studio’s tech lead about AirDroid Posted: 22 Aug 2012 03:00 PM PDT AirDroid launched on Android towards the end of November, 2011. This notable app not only found its way into our Apps of the Week, it also appeared in our list of Best Android Apps of 2011. AirDroid lets you access the content and apps on your Android device directly over Wi-Fi from a web browser. There are no extra hoops to jump through, or additional software to install.

Robot Recognizes Itself in Mirror; Antibiotics Make Us Fat Posted: 22 Aug 2012 02:58 PM PDT Discovered: early risers are healthier than night owls; robots take one more step toward self-awareness; antibiotics expand our waistlines; octopi are conscious.

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