US-TECH Summary

Aug 24, 2011, 11:18 p.m.

Steve Jobs quits as Apple CEO, Cook takes over

SAN FRANCISCO/LOS ANGELES (Reuters) - Steve Jobs resigned as CEO of Apple Inc on Wednesday and passed the reins to his right-hand man Tim Cook, saying he could no longer fulfill the duties in a bombshell announcement that raised fears his health has deteriorated further. Jobs, who fought and survived a rare form of pancreatic cancer and revolutionized the technology arena with the iPhone and the iPad in the past four years, is deemed the heart and soul of a company that this month briefly became the most valuable in America.

Tech execs recall Jobs' monumental reign at Apple

SAN FRANCISCO (Reuters) - Steve Jobs' resignation as Apple Inc's chief executive sent shock waves through technology and media circles on Wednesday as executives, engineers and investors spoke of becoming "orphans" without their Michelangelo. Jobs, who fought and survived a rare form of pancreatic cancer, revolutionized consumer electronics for a decade with the introduction of the iPod, iPhone and iPad.

Apple fans pay tribute to "industry icon" Jobs

SAN FRANCISCO/SINGAPORE (Reuters)- From San Francisco to Shanghai to Sydney, fans of Apple Inc paid extraordinary tribute to Steve Jobs after he resigned as CEO, calling him an icon for the entire technology industry, not just the company he co-founded. The outpouring on blogs and Twitter began minutes after Jobs, who has been on medical leave since January, announced he would leave the chief executive's post but carry on as chairman of Apple.

Newsmaker: Steve Jobs has a different operating system

SAN FRANCISCO (Reuters) - Hard to understand, difficult to work with and deemed irreplaceable by many Apple fans and investors, Steve Jobs has made a life defying conventions and expectations. And despite years of signs of poor health, his resignation as chief executive of Apple Inc caused a global gasp as the world contemplated the future of an icon and the company he symbolizes.

Newsmaker: Cook's vision center stage after Jobs' departure

NEW YORK (Reuters) - Tim Cook, the small-town football fanatic turned chief executive of the world's largest technology company, long faced the question of whether he had the same remarkable vision as his predecessor Steve Jobs. The question became even more important on Wednesday when Jobs resigned from Apple Inc and Cook took his place, with Jobs' recommendation.

Analysis: Jobs move cracks door open for Apple rival Samsung

SEOUL (Reuters) - The resignation of Apple Inc CEO Steve Jobs has opened the door for rival Samsung Electronics <005930.KS> at a crucial time in the battle for smartphone supremacy in salesrooms and courtrooms around the world. Jobs passed the reins to his right-hand man Tim Cook on Wednesday, saying he could no longer fulfill his duties, raising fears the health of the Silicon Valley icon had worsened.

RIM unveils new cloud-based music service

(Reuters) - Canada's Research In Motion Ltd will unveil a new cloud-based social music sharing service called BBM Music, as companies begin to bet on entertainment delivered over the Internet that incorporates social networking features. Research in Motion, the maker of BlackBerry phones, said select music from Universal Music Group, Sony Music Entertainment, Warner Music and EMI would be available for the users.

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