Technology Report: Google Offers struggling three months in: report

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	09/12/2011
Good afternoon Bit Chipmaker Broadcom Corp plans to buy NetLogic Microsystems Inc for about $3.7 billion to expand its lineup of chips used in wireless network equipment to take advantage of growing demand for mobile data services. Google Inc's effort to break into the daily deal industry and challenge industry leaders Groupon and LivingSocial is not going well, according to data released on Monday. Analysts are predicting that Nintendo will sell fewer 3D handheld players according to Bloomberg. 3DS sales are expected to be 16 percent less than Nintendo's annual goal of 16 million units. Dolby Laboratories said it has withdrawn its patent infringement lawsuit against Research In Motion after the BlackBerry maker inked a licensing deal to use of some of Dolby's technologies. LATEST NEWS Google Offers struggling three months in: report September 12, 2011 12:56 PM ET SAN FRANCISCO (Reuters) - Google Inc's effort to break into the daily deal industry and challenge industry leaders Groupon and LivingSocial is not going well, according to data released on Monday. | Full Article RIM, Dolby set licensing deal; lawsuits dropped September 12, 2011 10:40 AM ET TORONTO (Reuters) - Dolby Laboratories said on Monday it has withdrawn its patent infringement lawsuit against Research In Motion after the BlackBerry maker inked a licensing deal to use of some of Dolby's technologies. | Full Article DoCoMo, others to make smartphone chips with Samsung: report September 12, 2011 03:04 PM ET (Reuters) - NTT DoCoMo Inc and other Japanese firms will partner South Korea's Samsung Electronics Co to develop key chips for next-generation smartphones to reduce the reliance on Qualcomm Inc, the Nikkei business daily reported. | Full Article Verizon dividend setback for Vodafone: report September 12, 2011 06:08 AM ET LONDON (Reuters) - Verizon Communications has dashed the hopes of Vodafone investors by ruling out a return to a recurring dividend from the two companies' mobile phone joint venture, called Verizon Wireless, the Financial Times reported on Monday. | Full Article Stocks turn up in late trade September 12, 2011 03:57 PM ET NEW YORK (Reuters) - Stocks turned higher in late trading on Monday, led by gains in the Nasdaq. | Full Article BUSINESS NEWS BofA plans 30,000 job cuts; investors underwhelmed September 12, 2011 02:47 PM ET (Reuters) - Bank of America Corp said it is cutting 30,000 jobs in the coming years as it looks to slash annual expenses by $5 billion, but investors were disappointed in the scant new detail the bank provided about its plans. | Full Article French banks hit as SocGen ditches assets September 12, 2011 02:01 PM ET PARIS (Reuters) - Societe Generale said it would cut costs and sell assets to free up 4 billion euros in fresh capital on Monday, although the surprise move failed to stem a sell-off in French bank shares, driven by fears of a Greek debt default. | Full Article Italy asks China to buy its bonds: report September 12, 2011 03:39 PM ET NEW YORK (Reuters) - Italy has asked China to make "significant" purchases of Italian debt, the Financial Times reported on its website on Monday. | Full Article Bank analysts slash Goldman estimates hardest September 12, 2011 03:52 PM ET NEW YORK (Reuters) - Analysts have been slashing earnings estimates for big Wall Street banks recently, particularly for Goldman Sachs, as unpredictable trading markets and weak merger and underwriting volumes hurt the sector's profit potential. | Full Article Greek default jitters hammer French banks, euro September 12, 2011 03:02 PM ET PARIS (Reuters) - Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed. | Full Article U.S. TOP NEWS Obama wants tax breaks ended to pay for jobs plan Exclusive: Holiday shoppers to spend less Analysis: Bernanke's shrinking gift to Wall Street Russia resists Syria sanctions, U.N. says 2,600 dead Smoking marijuana not linked to obesity: study RELATED VIDEO X-Ray technology reveals details of ancient ancestor's brain New app offers face to face contact Apple wins legal battle with Samsung A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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