Technology Report: EBay profit matches Street forecast

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	10/19/2011
Good afternoon Bit Samsung and Google unveiled the first smartphone running on Google's latest version of the Android operating system, dubbed "Ice Cream Sandwich", which combines software used in tablets and smartphones, as they step up competition against Apple. The high-end model Galaxy Nexus was unveiled at an event in Hong Kong, after being delayed last week as a tribute to the late Steve Jobs. "This will be our strategic product for year-end holiday season, as (Apple's) iPhone 4S just came into the market," Samsung's JK Shin said. The Galaxy Nexus features a 1.2GHz dual-core processor, super AMOLED HD 4.65-inch display, face recognition to unlock its screen,the ability to share content by tapping another phones equipped with a Near Field Communication chip, a camera boasting no shutter lag, and even a barometer. The global launch kicks off in November. The U.S. is pressing China to explain why its "national firewall" blocks so many U.S. companies from providing their services, according to a letter obtained Wednesday that is another sign of growing trade tension between the world's two largest economies."Having a presence on the Internet that is visible in China is increasingly a critical element for service suppliers aiming to reach Chinese consumers and business," Ambassador to the World Trade Organization Michael Punke said in a letter on Monday to his Chinese counterpart. LATEST NEWS EBay profit matches Street forecast October 19, 2011 04:43 PM ET SAN FRANCISCO (Reuters) - EBay Inc, operator of the largest online marketplace, reported quarterly revenue that rose 32 percent and profit that matched analysts' expectations on Wednesday. | Full Article Amazon's tablet may be hottest holiday gadget October 19, 2011 03:18 PM ET (Reuters) - The Kindle Fire tablet may be the hottest selling gadget this holiday, pressuring Amazon.com Inc's profit margins but giving the world's largest Internet retailer potentially millions of new high-spending customers. | Full Article Analysis: RIM could face lawsuits for Blackberry problems October 19, 2011 04:49 PM ET (Reuters) - Law firms in the United States and Canada are exploring possible consumer lawsuits against Research In Motion Ltd for last week's BlackBerry outages, which for three days crippled email and messaging for tens of millions of users around the world. | Full Article Exclusive: Twitter looks at ex-Googler, others for board October 19, 2011 04:01 PM ET SAN FRANCISCO (Reuters) - Microblogging service Twitter is looking for a director to bolster its board's business credentials and diversity, and candidates include a former Google Inc executive, a person familiar with the matter said. | Full Article Anlaysis: Intel's outlook, buybacks, add shine to shares October 19, 2011 04:24 PM ET SAN FRANCISCO (Reuters) - Record earnings, a better-than-expected outlook and potential to buy back $10 billion in stock have put some shine back on the world's top chipmaker although investors are wary of jumping in for the long haul. | Full Article BUSINESS NEWS Euro zone chatter triggers late selloff October 19, 2011 04:43 PM ET NEW YORK (Reuters) - Stocks fell on Wednesday as traders, after sitting on their hands for most of the day, jumped to sell in a hair-trigger reaction to fresh reports underscoring that Europe remains far from a solution to its debt crisis. | Full Article China quizzes audit giants on foreign regulator contact October 19, 2011 01:33 PM ET NEW YORK/SINGAPORE (Reuters) - China's financial regulators have asked the world's biggest audit firms to urgently review their work on U.S.-listed Chinese companies and give details on information they may have provided to overseas regulators, two sources told Reuters. | Full Article Autos, rentals tame underlying price pressures October 19, 2011 04:40 PM ET WASHINGTON (Reuters) - High food and gasoline prices kept pressure on U.S. household budgets in September, but core prices rose at their slowest pace in six months, showing inflation was still largely contained. | Full Article Economic growth inched forward in September: Fed October 19, 2011 03:37 PM ET WASHINGTON (Reuters) - The U.S. economic outlook grew dimmer in September, leading businesses to be wary of spending and of building up inventories ahead of the holiday sales season, the Federal Reserve said on Wednesday. | Full Article Citigroup to pay $285 million to settle fraud case October 19, 2011 03:21 PM ET (Reuters) - Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday. | Full Article U.S. TOP NEWS Violent anti-austerity protests grip Greek capital Sarkozy says euro zone talks stuck, flies to Germany Romney on attack at Republican debate Palestinian U.N. bid seen decided in November: diplomats Social Security benefits to rise 3.6 percent RELATED VIDEO Robot limbs gear up for the 2012 paralympics Earth gets its 3D close-up with new topographic map Japanese solar car shines in race A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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