Tech News

File photo of samples of rare earth minerals, Cerium oxide, Bastnasite, Neodymium oxide and Lanthanum carbonate on display during a tour of Molycorp's Mountain Pass Rare Earth facility in Mountain Pass, CaliforniaBy David Stanway BEIJING (Reuters) - The fate of debt-ridden U.S. rare earth miner Molycorp rests on China's efforts to crack down on networks that smuggled as much as 40,000 tonnes of the vital technology metals out of the country last year, driving down global prices. Greenwood, Colorado-based Molycorp is the sole U.S. domestic supplier of rare earths used in everything from smartphones to military jet engines and hybrid vehicles. In 2011, it relaunched its huge Mountain Pass mine in California expecting prices to stay high after China, which dominates world supply, restricted exports.


The Oracle logo is seen on its campus in Redwood City(Reuters) - Oracle Corp said its copyright infringement lawsuit against software support services company Rimini Street Inc and the smaller rival's Chief Executive Seth Ravin would go to trial in September. Oracle said on Tuesday that it was seeking more than $200 million in damages and an injunction on Rimini's current business model. Oracle had sued Rimini and Ravin in 2010, alleging copyright infringement, computer fraud and related business torts.


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