| Good afternoon Bit | | | An unauthorized person stole names, addresses and other personal data belonging to about 77 million people who have accounts on Sony's PlayStation Network, Sony said. The person gained access to people's names, addresses, email address, birthdates, usernames, passwords, logins, security questions and more, Sony said on its U.S. PlayStation blog. Amazon.com's quarterly sales beat expectations but earnings fell steeply as it spent heavily on everything from online multimedia services to its Kindle e-reader. Net income for the world's largest online retailer was $201 million, down 32.8 percent from $299 million, a year earlier. Revenue was $9.86 billion. "This is another investment year...It's probably not going to be until Q4 that we see some leverage from that," Lazard Capital Markets' Colin Sebastian said. Facebook began offering users in five U.S. cities Deals coupons, offering discounted prices or access to limited-availability goods. Facebook became the latest Internet heavyweight to jump into the daily deals market pioneered by Groupon. Last week, Google began marketing a new daily deals service called Offers to users in Portland, with plans to expand to San Francisco and New York, and Amazon.com invested $175 million in LivingSocial in December. Facebook will take a cut of each transaction, though declined to say how much. Google's Android beat out Apple's iOS in a Nielsen survey of smartphone operating system market share. In March, 50 percent of smartphone owners who bought one in the past six months said they had chosen an Android device; 25 percent said they bought an iPhone; and 15 percent said they had picked a Blackberry phone. Of current smartphone owners, 37 percent owned an iPhone; 27 percent owned an iPhone; and 22 percent owned a BlackBerry. The numbers mean Apple's market share is "dead in the water", writes Business Insider's Henry Blodget. Sony launched its first tablet computers in an ambitious attempt to grab the No.2 spot from Samsung in a fast-growing market dominated by Apple's iPad. Sony is banking on the unusual, off-center design of its "S1" tablet and access to first generation PlayStation games and other networked content to differentiate its products from the flood of tablets in the market. Sony gave no clues on how much it will charge for its glossy black slate or clamshell tablet. | | LATEST NEWS | Congress deepens Apple location tracking probe | April 26, 2011 05:16 PM ET | WASHINGTON (Reuters) - Lawmakers extended their probe into location tracking on mobile devices this week, asking Apple Inc and other developers to divulge how they use location data and scheduling a separate hearing on mobile privacy. | Full Article | Microsoft wrestles slack PC sales and wilting stock | April 26, 2011 01:51 PM ET | SEATTLE (Reuters) - Microsoft might be about to report its earnings grew more than 20 percent on climbing revenue but the results will fail to rouse the software company's shares from a decade-long slumber or douse fears its dominance of personal computing is waning. | Full Article | EA's COO leaves for Zynga : sources | April 26, 2011 12:37 PM ET | NEW YORK (Reuters) - Zynga, the social games company, has poached the chief operating officer of Electronic Arts Inc, sources familiar with the matter said on Tuesday. | Full Article | Strong earnings push S&P through key level | April 26, 2011 05:12 PM ET | NEW YORK (Reuters) - A fresh batch of corporate results pushed U.S. stocks to their best levels since June 2008 on Tuesday, renewing optimism that profit growth will remain resilient enough to keep equities on the rise. | Full Article | | | BUSINESS NEWS
| Amazon sales lift but profit curbed by spending | April 26, 2011 05:06 PM ET | NEW YORK (Reuters) - Amazon.com, reported a drop in profit for the first quarter as its investment in new businesses ate into earnings, but the online retailer's revenue forecast beat Wall Street expectations. | Full Article | Ford posts best first-quarter profit in 13 years | April 26, 2011 03:01 PM ET | DETROIT (Reuters) - Ford Motor Co reported its best first-quarter profit since 1998 as higher prices for redesigned vehicles including its small Fiesta more than offset pressure from spiking commodity and oil prices. | Full Article | Consumers perk up but home prices fall again | April 26, 2011 01:30 PM ET | NEW YORK (Reuters) - Consumers perked up a bit in April as they lowered their forecasts for inflation and worried less about the jobs market, but yet another fall in house prices underscored the challenges facing the recovery. | Full Article | Rajaratnam jury asks to hear call replays | April 26, 2011 02:01 PM ET | NEW YORK (Reuters) - The jury in Raj Rajaratnam's insider trading trial asked to listen to replays of nine FBI phone taps of the hedge fund manager chatting and chuckling in conversations central to government allegations that he ran a web of informants to leak corporate secrets. | Full Article | European governments condemn Syria | April 26, 2011 03:37 PM ET | AMMAN (Reuters) - Security forces deployed in a suburb of the Syrian capital and in the city of Banias on Tuesday, witnesses said, even as President Bashar al-Assad drew international criticism for sending in tanks to crush a revolt. | Full Article | | | U.S. TOP NEWS | | | | RELATED VIDEO | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | » MORE NEWSLETTERS | | ODDLY ENOUGH | | | | | |
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