Lenovo Group Ltd. agreed to buy Google Inc.’s Motorola Mobility phone unit for $2.91 billion, as the world’s largest personal-computer maker continues a buying spree of U.S. technology businesses. Lenovo fell 8 percent.
July 26 (Bloomberg) -- Aaron Kessler, an analyst at Raymond James & Associates, Paul Kedrosky, author of the Infectious Greed blog and a Bloomberg contributing editor, Gene Munster, a technology analyst at Piper Jaffray Cos., and Michael Scissons, chief executive officer of Syncapse Corp., talk about Facebook Inc.'s second-quarter results reported today and strategy for growth. Facebook reported its first results since selling shares to the public. (Source: Bloomberg)
Amazon.com Inc ., the largest online retailer, fell 7.2 percent in New York trading after forecasting first-quarter profit that may be lower than analysts predict as it steps up spending on warehouses and data centers.
Amazon.com Inc ., the world’s largest online retailer, said first-quarter profit may be lower than analysts predicted as it steps up spending on warehouses for products and data centers to support its Web Services unit.