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Tech`s news

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. ... more...


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. ... more...


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. ... more...


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. ... more...


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