Technology Report: Google+ social network gets games

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	08/11/2011
Good afternoon Bit Apple Inc's increasingly effective patent war against rivals like Samsung Electronics may mask its real target: arch-foe Google Inc. Poornima Gupta writes: "Recent success in blocking sales of Samsung's latest Galaxy tablet in most of Europe and Apple's challenges to the Korean giant in Australia reflect an aggressive effort to defend its top position in the red-hot mobile market from the runaway success of Android." AOL said on Thursday it would buy back $250 million of its stock, a move presumably intended to boost confidence in the shares, which fell 32 percent in two days. AOL has been in a turnaround mode since it was spun off from Time Warner in December 2009 after one of the most disastrous mergers in recent times. Zynga, which has filed for an initial public offering of up to $1 billion, revealed it draws fewer paid players than expected in a regulatory filing on Thursday. Most communication experts say that politicians, businesses and governments need to learn to use social media to shape the narrative themselves. And they need to learn fast, reports Peter Apps. For people suffering social media overload, the New York Times has an alarming stat: "...one in every four-and-a-half minutes spent on the Web is spent on a social networking site or blog." LATEST NEWS Google+ social network gets games August 11, 2011 05:27 PM ET SAN FRANCISCO (Reuters) - People who use Google Inc's social network Google+ will be able to play games, a feature available on its biggest rival Facebook. | Full Article Zynga draws fewer paid players than expected August 11, 2011 06:19 PM ET NEW YORK (Reuters) - Video game publisher Zynga may for the first time be less reliant on its top games to make money, but it still depends on under 5 percent of its users for all of it sales. | Full Article Chinese authorities find 22 more fake Apple stores August 11, 2011 11:14 AM ET (Reuters) - Authorities in China's southwestern city of Kunming have identified another 22 unauthorized Apple retailers weeks after a fake of the company's store in the city sparked an international storm. | Full Article AOL approves buyback after shares tumbled 32 percent August 11, 2011 01:57 PM ET NEW YORK (Reuters) - AOL said on Thursday it would buy back $250 million of its stock, a move presumably intended to boost confidence in the shares, which fell 32 percent in two days. | Full Article Wall Street roars back but selling may return August 11, 2011 05:34 PM ET NEW YORK (Reuters) - Stocks shot up 4 percent on Thursday as bargain-hungry investors overcame the recent wave of fear that drove selling over the last two weeks. | Full Article BUSINESS NEWS Jobs data strikes optimistic note for economy August 11, 2011 04:46 PM ET WASHINGTON (Reuters) - The number of Americans claiming new jobless benefits fell to a four-month low last week, a sliver of hope for an economy battered for days by a credit rating downgrade and falling share prices. | Full Article EU financial watchdog holds call on bank shares August 11, 2011 01:26 PM ET LONDON (Reuters) - The European Union's financial market regulator is holding a teleconference for all 27 national regulators to discuss short-selling of bank shares, two sources familiar with the situation told Reuters on Thursday. | Full Article French banks at center of new funding crunch August 11, 2011 02:39 PM ET PARIS/LONDON (Reuters) - A new crisis of confidence gripped Europe's banking industry on Thursday as its borrowing costs soared, lenders sought emergency funding, and some institutions reviewed exposure to French banks in particular. | Full Article Nvidia's outlook beats Street, shares soar August 11, 2011 06:20 PM ET SAN FRANCISCO (Reuters) - Nvidia Corp forecast a faster-than-expected 4 to 6 percent jump in quarterly revenue and its CEO said the chipmaker's mobile business was accelerating, sending its shares skyrocketing. | Full Article Global stocks rebound but credit markets jittery August 11, 2011 05:31 PM ET NEW YORK (Reuters) - Investors swooped back into world stocks on Thursday, picking up beaten-down shares after a mildly encouraging U.S. jobs report dulled fears of recession, although credit markets faced strains similar to those that preceded the 2008 credit crisis. | Full Article U.S. TOP NEWS Sarkozy and Merkel to discuss euro zone on Tuesday Obama vows new ideas to boost jobs, slams Congress Texas Governor Perry to run for president Exclusive: Republican Dave Camp rules nothing out for debt panel Tarantula fright at rail station RELATED VIDEO Breakingviews: Apple could surpass $1 trillion valuation Turkish woman hopes to become "miracle mom" Japan's tsunami broke off a piece of Antarctica A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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