The chief executive of computer firm Yahoo has stepped down, amid accusations that a fake computer science degree was included on his CV.

The Alliance for Wireless Power (A4WP), unveiled today in conjunction with the CTIA wireless trade show in New Orleans, is looking to join forces with other manufacturers to form a "worldwide wireless power technology ecosystem." The group wants to develop new power transfer technologies that will allow for simultaneous charging of multiple devices in cars, on tabletops, and elsewhere.

Toshiba has predicted profit will rise 83% as sales recover from a slump caused by the strong yen, falling prices and natural disasters.

Chip maker SK Hynix said in a regulatory filing that its shareholders have agreed to call off a bid for Elpida. There were no further details in the statement.