Technology Report: Google bid for Motorola rose in negotiation: filing

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	09/14/2011
Good afternoon Bit Facebook will delay its initial public offering until the end of 2012 so employees can focus on developing products for the No. 1 social networking website, the Financial Times reported. Sources told Reuters earlier this month that Facebook's revenue doubled to $1.6 billion in the first half of 2011. Investors have pushed its valuation to roughly $80 billion in the private markets. Former Kleiner Perkins partner Eric Feng launched social network Erly.com, drawing on the idea that people want to organize their experiences-- weddings, bike rides, or vacations-- around events themselves, rather than people who participate. Sony will launch its new PlayStation Vita handheld games device on December 17 in Japan, kicking off a global rollout, and insisted it will not reduce the price in the face of discounting by rival Nintendo. Sony has been criticized for setting the PS Vita's price too high for the mass market but some analysts say the gadget will likely appeal chiefly to hardcore gamers, who are generally willing to spend more. Social media and politics collided at a small South Carolina college on Tuesday evening as students censured their student body president over his Twitter postings bashing women, gays and African-Americans. But they stopped short of impeaching student body president Ross Kressel, a 21-year-old from Marietta, Georgia, who posted profane and disparaging tweets. Kressel issued a written apology and said he considered the tweets private because the account, CofCPolitico, did not have his name attached to it. He closed that account but has a separate personal account under his name. LATEST NEWS Google bid for Motorola rose in negotiation: filing September 14, 2011 06:19 AM ET (Reuters) - Google Inc raised its offer for Motorola Mobility Holdings Inc by 33 percent to $12.5 billion over two weeks of negotiations between the two companies, according to a regulatory filing on Tuesday. | Full Article Developers get early taste of Windows 8 September 14, 2011 01:09 PM ET ANAHEIM, California (Reuters) - Microsoft Corp handed out 5,000 sleek Samsung tablet computers running a test version of Windows 8 at its annual developer conference on Tuesday, hoping to stoke excitement over its new operating system. | Full Article Third Point appeals to Yahoo founder Yang for change September 14, 2011 02:57 PM ET (Reuters) - Yahoo Inc shareholder Daniel Loeb appealed to the company's co-founder Jerry Yang to fire Chairman Roy Bostock and several other directors to revive the Internet media company after years of poor performance. | Full Article Al Gore: climate science "reality" versus Republicans September 14, 2011 04:00 PM ET WASHINGTON (Reuters) - For Al Gore, the choice is obvious: Either accept scientific reality about climate change or believe what the fossil fuel industry is paying some Republican candidates to say. | Full Article More bling for your ring with solid gold phone September 14, 2011 10:43 AM ET MOSCOW (Reuters) - It doesn't do email, the internet, have a camera, games or GPS navigation, but a new mobile phone from Denmark is literally solid gold. | Full Article BUSINESS NEWS Wall Street to open higher on euro optimism September 14, 2011 05:03 PM ET NEW YORK (Reuters) - Stocks were set for a higher open on Wednesday after the head of the European Commission said it will present options for joint euro zone bonds, a tool that investors view as a step forward to addressing the region's debt crisis. | Full Article EU warned of credit crunch threat, French banks hit September 14, 2011 05:01 PM ET WROCLAW,Poland/PARIS (Reuters) - European finance ministers have been warned confidentially of the danger of a renewed credit crunch as a "systemic" crisis in euro zone sovereign debt spills over to banks, according to documents obtained by Reuters on Wednesday. | Full Article Flat retail sales keeps U.S. on recession watch September 14, 2011 05:00 PM ET WASHINGTON (Reuters) - Growth in U.S. retail sales stalled in August after a spending battle in Congress crushed consumer sentiment, leaving the economy perched uncomfortably close to recession. | Full Article Geithner urges EU to do more to solve crisis September 14, 2011 04:35 PM ET WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Wednesday urged European leaders to act more forcefully to solve Europe's escalating debt crisis and said they have the financial and economic capacity to do so. | Full Article Zoellick: World economy in new danger zone September 14, 2011 02:56 PM ET WASHINGTON (Reuters) - The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy. | Full Article U.S. TOP NEWS Obama gets slight boost from jobs speech: poll U.S. blames BP for Gulf spill, but enough to go around Obama hardens tone in push for his jobs bill Chances of another recession increasing: Reuters poll Gumby attempted robbery suspect surrenders to San Diego police RELATED VIDEO A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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