 | Good afternoon Bit |  |  | EBay said it acquired the data analysis firm Hunch to help it develop more recommendation technology for its online marketplace. Hunch analyzes data from social networks like Facebook and from questionnaires to make personal recommendations. EBay said Hunch will help it suggest relevant products for shoppers on its online marketplace. Chris Dixon, Tom Pinckney and Matt Gattis, who founded Hunch in 2009, will stay on at eBay and remain based in New York. The purchase price was not disclosed, although tech blog Uncrunched pegged it at around $80 million.
Retailers are saving some of their deepest discounts on Black Friday for video game products, with large chains Wal-Mart and Best Buy putting some rock-bottom prices tags on hot games to lure shoppers into stores. To accommodate pressured buyers, retailers are heavily discounting top games, from Electronic Arts' "Battlefield 3," to Warner Brothers' "Batman: Arkham City," and Microsoft's "Gears of War 3."
Olympus said that a third-party panel appointed by the company to look into an accounting scandal has, so far, found no evidence that funds from its M&A deals went to organized crime syndicates or that "yakuza" gangsters were involved. A unit from the Tokyo Metropolitan Police Department's organized crime division has joined the investigation, a source familiar with the matter said on Friday. But the source added it was premature to say if gangsters were involved.
Hard drive maker Western Digital said it was asked to pay $525 million in an arbitration brought by competitor Seagate. The award involves claims brought against Western Digital and one employee -- who was earlier with Seagate -- alleging misappropriation of confidential information and trade secrets, Western Digital said in a statement.
Nvidia will again be the supplier of graphic processor units to Apple after rival AMD botched efforts to create a GPU for Apple's MacBook Air laptop, tech blog SemiAccurate writes. The decision was made about three years after Apple replaced Nvidia GPUs with by those made by ATI/AMD and two years after the first ATI/AMD Macs in recent memory hit the shelves. | | | Focus Media plunges after Muddy Waters charges | | November 21, 2011 02:43 PM ET | | (Reuters) - U.S.-listed shares of Focus Media Holding Ltd plunged to multiyear lows on Monday after short-selling firm Muddy Waters accused the company of "significant overstatement of the number of screens in its LCD network," among other charges. | Full Article | | Text-message bullying becoming more common | | November 21, 2011 01:05 PM ET | | NEW YORK (Reuters Health) - A growing number of U.S. kids say they have been picked on via text messaging, while there has been little change in online harassment, researchers reported Monday. | Full Article | | Secretive North Korea opens up to cellphones | | November 21, 2011 08:08 AM ET | | SEOUL (Reuters) - Secretive North Korea is expected to register the 1 millionth cellphone user on its new 3G network by the end of the year, barely four years after people were thrown into prison camps, or possibly even executed, for owning one. | Full Article | | | BUSINESS NEWS
| | HP reports revenue above Street estimates | | November 21, 2011 05:01 PM ET | | SAN FRANCISCO (Reuters) - Hewlett-Packard Co's quarterly results exceeded Wall Street's modest expectations, while a weak 2012 earnings forecast underscores that the technology giant is heading into a testing year. | Full Article | | October existing home sales rise 1.4 percent | | November 21, 2011 03:33 PM ET | | WASHINGTON (Reuters) - U.S. existing home sales unexpectedly rose in October as low interest rates for mortgages and rising rents led more homebuyers into the market, the National Association of Realtors said on Monday. | Full Article | | Alleghany to buy Transatlantic for $3.4 billion | | November 21, 2011 03:27 PM ET | | (Reuters) - U.S. property and casualty insurer Alleghany Corp said on Monday it would buy reinsurer Transatlantic Holdings Inc for $3.4 billion in cash and stock -- though a sharp drop in Alleghany shares meant a separate, hostile bid for Transatlantic was at least temporarily more valuable. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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