Technology
China Mobile Agrees to Buy 20% of Pudong Development Bank for $5.8 Billion China Mobile Ltd., the world’s
biggest phone company by market value, agreed to buy 20 percent
of Shanghai Pudong Development Bank Co. for 39.8 billion yuan
($5.8 billion) to expand its electronic-payment business.
AOL Chief Armstrong Targets Web Ad Billions With Sales, Content Hirings AOL Inc. said it’s “laser
focused” on getting a share of an estimated $20 billion gap in
online advertising, as marketers race to catch up with
consumers on the Internet.
Google Chief Says Talks With China's Government Will Yield Results `Soon' Google Inc., in talks with China
after saying it will stop censoring Internet search results
there, said the discussions will yield results soon.
Telmex Begins Offering Customers Unlimited U.S. Calls to Battle Televisa Telefonos de Mexico SAB, the phone
company controlled by billionaire Carlos Slim, began offering
unlimited phone calls to the U.S. to keep users from switching
to Grupo Televisa SA carriers.
PCCW Says Chairman Richard Li's Plans to Buy Out Phone Company Are `Dead' PCCW Ltd., linked to a police probe
following a court ruling that a buyout bid by Chairman Richard
Li had been manipulated, said investors at Hong Kong’s biggest
phone company should consider the takeover plan as “dead.”
Google Opens Online Store for Business Applications to Attract Developers Google Inc., owner of the most
popular Internet search engine, opened an online store that
helps developers of business software sell their own programs.
EMI Music Says Chief Executive Leoni-Sceti to Step Down From Record Label EMI Music, the U.K. recording
company controlled by Guy Hands’s Terra Firma Capital Partners
Ltd., said Chief Executive Officer Elio Leoni-Sceti will leave
the company on March 31.
CNN U.S. Chief Klein Says He Fears Social-Networking Competition, Not TV CNN U.S. President Jonathan Klein
said he worries more about competition from social-networking
sites like Facebook than rival cable television networks.
America Movil Seeks Shareholder Approval to Pay Dividend, Buy Back Stock America Movil SAB plans to pay a
one-time dividend and buy back more of its stock, rewarding
investors as the Latin American wireless carrier pursues the
region’s largest acquisition this year.
Abu Dhabi Hosts Global Media Executives Amid `Draconian' Press Law Debate Abu Dhabi, holder of more than 7
percent of the world’s oil, is hosting top media executives this
week as it seeks to promote its role as a communications center
and ward off criticism over curbs on the press.
Bank of America Hires Nomura's Yosuke Tomimatsu as a Technology Analyst Bank of America Corp., the largest
U.S. bank, hired Yosuke Tomimatsu from Nomura Holdings Inc. as
an analyst to cover Japan’s Internet services industry,
according to an internal memo obtained by Bloomberg News.