Technology Report: Amazon hits new high on optimism about its U.S. business

	Click to View in Browser 07/26/2013 Amazon hits new high on optimism about its U.S. business SAN FRANCISCO (Reuters) - Amazon.com Inc shares hit a record on Friday after quarterly results increased optimism about the Internet retailer's U.S. business. Internet companies, stung by earnings, still look pricey NEW YORK (Reuters) - Expedia Inc can send people to destinations around the world, but it can't send investors back in time so they can avoid the stock's massive selloff on Friday. Zynga checks out of real-money gaming; investors flee (Reuters) - Zynga Inc shares fell as much as 18.6 percent on Friday morning, after the maker of "FarmVille" said it would abandon plans for real-money gaming in the United States, prompting at least three brokerages to cut their price targets on the stock. Activision to spread its wings after Vivendi sale: CEO SAN FRANCISCO (Reuters) - Activision Blizzard Inc's CEO, who is shelling out $50 million of his own money in an $8.2 billion deal to buy back most of Vivendi's stake, said the world's largest video game publisher will be freer to pursue acquisitions and grow after emerging from its French parent's wing. Insight: How Samsung is beating Apple in China GUANGZHOU, China/SEOUL (Reuters) - Apple Chief Executive Tim Cook believes that "over the arc of time" China is a huge opportunity for his pathbreaking company. But time looks to be on the side of rival Samsung Electronics Co Ltd, which has been around far longer and penetrated much deeper into the world's most populous country. Acer sees return to profit this year -president in magazine VIENNA (Reuters) - Taiwan's Acer, the world's fourth-biggest PC maker, will return to profit this year after writedowns and poor demand pushed it into the red in 2012, its president was quoted as saying in an Austrian magazine. China wealth fund CIC in talks with Alibaba: official media BEIJING (Reuters) - Chinese sovereign wealth fund China Investment Corp (CIC) is in unspecified talks with Alibaba Group, the official People's Daily reported on Friday, citing deputy director of public relations and international cooperation for CIC Liu Fangyu. Toshiba to cut costs in TVs, PCs by $300 million over next 2 years TOKYO (Reuters) - Japan's Toshiba Corp said on Friday it aims to cut a combined 10 billion yen ($100 million) in costs in its television and PC businesses in the year to March 2014 and double that figure in the following year to cope with persistently weak demand. India's Wipro signals demand pick-up after profit rise BANGALORE (Reuters) - Wipro, India's third-largest software services exporter, sounded upbeat about demand for its outsourcing services, after posting an 11 percent rise in quarterly net profit helped by an increase in large contracts. Facebook offers the dummy's guide to mobile advertising SAN FRANCISCO/NEW YORK (Reuters) - Facebook Inc's mobile advertising success offers a ray of hope for Internet companies trying to make money within the confines of the smartphone's small screen. Related Video Eco-friendly super car with a need for speed Techquity: Facebook jumps but can it pass IPO price? Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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 - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend