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Monday, April 9, 2012

Technology Report: Facebook to buy Instagram for $1 billion

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04/9/2012
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Facebook to buy Instagram for $1 billion
SAN FRANCISCO (Reuters) - Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public.
Sony to ax 10,000 jobs in turnaround bid: Nikkei
TOKYO (Reuters) - Japan's Sony Corp is cutting 10,000 jobs, about 6 percent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red.
Microsoft trumps Amazon, others for AOL patents
(Reuters) - AOL Inc's months-long auction to sell the majority of its patent trove attracted interest from e-commerce giants Amazon and eBay, which have been largely absent from the recent patent wars.
Court revives Rosetta Stone suit vs Google
(Reuters) - A federal appeals court on Monday revived the bulk of language-software maker Rosetta Stone Inc's trademark infringement lawsuit against Google Inc.
Global business groups press India on technology plan
WASHINGTON (Reuters) - Global business groups urged Indian Prime Minister Manmohan Singh on Monday to rescind new government rules for technology purchases that they said unfairly discriminate against foreign firms and potentially violate World Trade Organization rules.
Splunk sees IPO priced at $8-$10 per share
(Reuters) - Splunk Inc, which makes software that collects and indexes data, said it expects its initial public offering of 13.5 million shares to be priced between $8 and $10 apiece.
"Anonymous" says plans more attacks against China sites
SHANGHAI (Reuters) - The activist hacker group Anonymous plans to launch further attacks on Chinese government websites in a bid to uncover corruption and lobby for human rights, a member of the group said on Monday.
Marine who criticized Obama on Facebook should be dismissed: panel
SAN DIEGO (Reuters) - A Marine who posted on Facebook that he would not follow orders from President Barack Obama should be dismissed from the military with a less-than-honorable discharge, a Marine Corps review board ruled.
New app transfers money with the tap of a phone
TORONTO (Reuters) - Splitting the bill at a restaurant or settling road trip expenses can be as simple as tapping two phones together to transfer the funds.
Thousands of AT&T workers to stay on job as talks continue
NEW YORK (Reuters) - More than 40,000 employees at AT&T Inc will keep working under the terms of an expired labor contract while their union continues negotiations with the telephone company, averting a potentially costly strike for now.
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