Technology Report: AOL reports disappointing ad growth

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	08/9/2011
Good afternoon Bit Apple Inc briefly edged past Exxon Mobil Corp to become the most valuable company in the United States. Looking ahead, Beakingviews columnist Robert Cyran asks: Could Apple be the first $1 trillion company? Three initial public offerings were postponed on Tuesday, the latest casualties of volatile market conditions. Nearly half of the dozen IPOs planned this week have now been called off and Fortune.com's Dan Primack says it "wouldn't be surprising if none of them get out." Primack added that Boston-based Carbonite is the best bet to stay the course: "A source familiar with the offering puts its chances of pricing this week at around 70 percent, so long as we don't experience another major swoon." AOL reported a surprise second-quarter loss, citing weaker-than-expected advertising growth. The news sent shares of the company plummeting as much as 20 percent. A lawmaker called for BlackBerry's instant messaging service to be suspended after rioters used it to mobilize in London and other British cities. Wired.com's New York bureau chief, John C. Abell, was quick to respond in a post on Reuters.com: "We need to start ignoring the smokescreen that is the entire subject of how tech is responsible for bad or undesired behavior. That is the stuff of Fahrenheit 451-esque oppressive regimes." The same riots had celebrities burning up the Twittersphere, as Justin Bieber, M.I.A., Piers Morgan and Kelly Osbourne were among those posting updates on the social network. LATEST NEWS AOL reports disappointing ad growth August 09, 2011 03:41 PM ET NEW YORK (Reuters) - AOL Inc reported a surprise second-quarter loss on Tuesday, citing weaker-than-expected advertising growth that sent shares of the company plummeting as much as 31 percent on Tuesday. | Full Article MP calls for BlackBerry Messenger suspension to calm UK riots August 09, 2011 12:23 PM ET LONDON/TORONTO (Reuters) - A lawmaker called on Tuesday for BlackBerry's instant messaging service to be suspended after rioters used it to mobilize in London and other British cities. | Full Article Three U.S. IPOs postponed amid tough market August 09, 2011 04:44 PM ET NEW YORK (Reuters) - Three initial public offerings were postponed on Tuesday, the latest casualties of volatile market conditions. | Full Article Regulators link reviews of AT&T's transactions August 09, 2011 12:54 PM ET WASHINGTON (Reuters) - AT&T Inc's $1.9 billion offer for some of Qualcomm Inc's wireless licenses will be tied to a simultaneous review of AT&T's $39 billion proposed takeover of T-Mobile USA, U.S. communications regulators said in a letter sent late on Monday. | Full Article Wall Street roars back in wild trade after Fed meet August 09, 2011 04:52 PM ET NEW YORK (Reuters) - Stocks rallied on Tuesday in a volatile session as investors struggled to decipher the Fed's signals on the economy after a dizzying two-week slide. | Full Article BUSINESS NEWS Fed promises to keep rates low for at least 2 years August 09, 2011 05:08 PM ET WASHINGTON (Reuters) - The Federal Reserve, in an unprecedented move, said on Tuesday it will keep interest rates near zero for at least two more years and is considering further action, bolstering battered stock markets. | Full Article Market rout deepens global economic crisis August 09, 2011 11:26 AM ET BEIJING/SINGAPORE (Reuters) - The global economy stumbled deeper into crisis as stock markets slumped further on Tuesday, with investors losing confidence that the United States and Europe can rein in their debt burdens quickly and avert a double-dip recession. | Full Article Disney third quarter beats Street, ad rebound helps August 09, 2011 04:53 PM ET LOS ANGELES (Reuters) - Walt Disney Co's quarterly results topped Wall Street's cautious forecasts as strong advertising sales boosted its cable networks, propping up its shares in after-hours trade. | Full Article Chance of U.S. recession rises to 1-in-4: Reuters poll August 09, 2011 03:21 PM ET WASHINGTON, Aug 9 (Reuters) - The United States faces one-in-four odds of slipping back into recession, and a weaker economic outlook is raising the likelihood the Federal Reserve will soon do more to boost growth, a Reuters poll shows. | Full Article Violence erupts outside London as capital waits August 09, 2011 04:12 PM ET LONDON (Reuters) - Riots flared in English cities and towns Tuesday night as London waited anxiously to see if thousands of police deployed on its streets could head off the youths who had rampaged across the capital virtually unchecked for three nights. | Full Article U.S. TOP NEWS U.S. outlook casts shadow over world economy: Reuters poll Saleh vows return to Yemen, U.S. urges him stay away Assad: Syria won't stop fight against "terrorists" Obama speaks with Spanish, Italy leaders on eurozone Deaf man complains nudists would not provide interpreter RELATED VIDEO Celebs tweet on London riots Dutch students on track to build world's fastest solar car Offshore oil firms join scientists in unlikely alliance A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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