Google's mess in China should concern the company as it brings risks of being used as a blueprint in the US.
Software & IT services
Instagram fell victim of cyber crime
The users of Instagram complained about a hack that posted photos of smoothies and fruits to their accounts.
Brokerages raise recommendation on China's Baidu
Baidu Inc jumped since Facebook boosted the outlook for social media companies. Baidu Inc led the rally in Chinese equities exchanged in New York. The company said that it gained more profits after Facebook outdid the estimates of analysts.
Renesas closes its main chip plant in Japan
Japan's Renesas Electronics Corp would close its system LSI chip plant due to the decreasing popularity of game consoles.
Zuckerberg will monetize Instagram too
Mark Zuckerberg, co-founder and CEO of Facebook said that he plans to earn from Instagram through advertisements.
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Analysts said that there are several ways by which Apple could ease the concerns regarding the company's lack of growth.
LifeChurch.tv's bible app recorded 100 million downloads this month and raised US$60 million for the app's development.
Google discontinued its Chromecast-Netflix subscription promo after receiving "overwhelming demand".
Analysts stated that Facebook could earn three times more than its reported second quarter income by allowing users to pay for an ad-free experience.
Analysts stated that Netflix must continue to make its own content so that it could trump HBO and Amazon.com
Google lost its proposal to delay the proceedings regarding a London antitrust case filed by Foundem.
A report from Xconomy stated that Apple pulled together a new engineering team that would create its own proprietary voice recognition technology for Siri.
Zynga CEO Don Mattrick planned to start his first 90 days assessing and reviewing the entire business.
Microsoft built too many RT surface, according to Microsoft CEO Steeve Ballmer. Steeve Ballmer, Microsoft CEO, admitted that the company overproduced the Surface RT tablet.
