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Reuters - 1 hour 20 minutes ago
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Analysis: Stars align for Apple at the holidays
SAN FRANCISCO - Apple Inc's <AAPL.O> iPad and bustling retail business have encouraged investors to shrug off the shaky economy and snap up the company's shares as 2010 comes to a close. Checks by analysts over the past few weeks indicate strong demand for a number of Apple products, which has pushed its shares up as much as 9 percent over the past month.
Facebook sales likely to hit $2 billion in 2010: report
NEW YORK - Facebook Inc is likely to generate 2010 revenue of about $2 billion, more than previously expected for the popular social networking site, Bloomberg reported, citing three people familiar with the matter. Facebook's 6-year-old service, which ranks the world's largest Web social network with roughly half a billion users, posted 2009 revenue of around $800 million, Reuters reported earlier this year.
MySpace and Google reach new search, ad deal
NEW YORK - News Corp's <NWSA.O> social networking site MySpace and Google Inc <GOOG.O> have reached a multiyear search and advertising agreement, ending months of uncertainty surrounding the partnership. Under the new deal, Google will power MySpace search results and search advertising as well as provide additional display ad services.
Analysis: Christmas to be decisive for Borders, Barnes & Noble
NEW YORK - The two largest U.S. bookstore chains have offered up a compelling cliffhanger this holiday season that will seal the fate of brick-and-mortar bookselling. In the latest chapter, Barnes & Noble Inc <BKS.N> has put itself up for sale, while Borders Group Inc <BGP.N> has put its hand out to lenders in hopes of avoiding a cash shortfall early next year.
Commerce Department urged to open Web privacy office
WASHINGTON - The Commerce Department should open a privacy office and work to develop "voluntary but enforceable" codes of conduct for data companies and advertisers tracking consumers on the Internet, said a report by the department's Internet Policy Task Force. The report issued on Thursday arrives at a time of growing concern about the strength and ability of companies collecting Internet users' personal Web habits and selling the data to advertisers.
AOL buys Web ad platform company
NEW YORK - AOL Inc <AOL.N> bought Web advertising platform company Pictela expanding the types of online formats it offers to marketers. Based in New York, Pictela distributes video, photos and copy into standard ad units for such clients as retailers, consumer packaged goods companies and automakers.
Twitter financing values company at $3.7 billion
SAN FRANCISCO - Twitter has raised $200 million of financing in a deal that values the microblogging company at $3.7 billion, less than a year after it began its first serious efforts to make money. The funding, from Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers and existing Twitter investors, underscores the high hopes that investors have for Internet social networking companies.
Expert network firm at center of hedge fund probe
BOSTON - Tony Longoria had a way of talking about numbers in the technology industry that made him very popular with certain hedge fund managers. As a manager at Advanced Micro Devices <AMD.N>, Longoria said he knew someone in the company's finance department who supplied him with quarterly earnings numbers, which he passed to investment managers hours before the results were released, according to the U.S. government.
iPhone spurs Sharp's LCD investment: report
to build production lines for small and midsize LCDs, with Apple Inc <AAPL.O> slated to purchase bulk of the output for its iPhone, the Nikkei business daily said. Apple will shoulder a large portion of the 100 billion yen investment and buy most of the panels produced by Sharp, which has supplied LCD panels for Apple's iPod touch music player, the paper reported.
Nokia expands patent row with Apple in Europe
HELSINKI - Nokia <NOK1V.HE>, the world's top cellphone maker by volume, has opened new fronts in Europe in its patent war with iPhone maker Apple <AAPL.O>, launching lawsuits in Germany and the Netherlands. The 13 new complaints for using Nokia's technology are part of an escalating battle between the two rivals in the smartphone arena that started more than a year ago when Nokia filed its first case in the United States.
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