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Wednesday, January 29, 2014

Technology Report: Lenovo nears $3 billion deal to buy Google's Motorola unit

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01/29/2014
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Lenovo nears $3 billion deal to buy Google's Motorola unit
NEW YORK (Reuters) - China's Lenovo Group is nearing a deal to buy Google Inc's Motorola handset division for close to $3 billion, people familiar with the matter told Reuters on Wednesday, buying its way into a heavily competitive U.S. handset market dominated by Apple Inc.
Facebook fourth-quarter revenue rises more than expected
SAN FRANCISCO (Reuters) - Facebook Inc's fourth-quarter revenue jumped 63 percent, beating Wall Street targets, as the Internet company's mobile ad sales continued to accelerate.
Exclusive: Google close to settling EU antitrust probe - sources
BRUSSELS (Reuters) - Google is close to settling a three-year European antitrust probe with "much better" concessions to allay concerns over blocking rivals such as Microsoft from internet search results, two sources said on Wednesday.
Symantec's quarterly revenue falls 5 percent
(Reuters) - Symantec Corp, the maker of Norton anti-virus software, reported a 5 percent fall in quarterly revenue, hurt by lower demand for its security and storage products as consumers switch to tablets from PCs.
U.S. attorney general confirms probe of Target data breach
WASHINGTON (Reuters) - U.S. Attorney General Eric Holder confirmed on Wednesday that the Justice Department was investigating the massive hacking of consumer data from retailer Target Corp during the holiday shopping season.
Baidu scrambles to monetize its mobile real estate
BEIJING (Reuters) - China's Baidu Inc knows where you are, where you're going and when you want dumplings, guiding you from web page to restaurant when you use its search engine.
Russian TV channel sees censorship after being taken off air
MOSCOW (Reuters) - A Russian television station that made its name covering massive street protests against President Vladimir Putin has been taken off the air by three television providers in a move the channel's chief said was censorship.
Yahoo shares fall as Mayer fails to stem revenue decline
(Reuters) - Yahoo Inc's shares fell 7.5 percent as the company's declining revenue tempered investor confidence in CEO Marissa Mayer's turnaround efforts, prompting several analysts to cut their price targets on the stock.
Facebook teams up with Fox on Super Bowl
SAN FRANCISCO (Reuters) - Facebook Inc is collaborating with Fox Sports for Sunday's Super Bowl broadcast, the social network's latest move to increase its role as a hub for real-time conversations around sports and news events.
Nintendo turns in drab quarterly results after slashing annual forecasts
TOKYO (Reuters) - Nintendo Co Ltd posted lackluster results for its traditionally strongest third quarter on Wednesday after disappointing sales for its flagship Wii U console forced it to slash its annual forecasts earlier this month.
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