U.S. stocks advanced, after the longest weekly rally in the Standard & Poor’s 500 Index since August, as economic data in China beat estimates and investors watched the latest developments in American budget talks.
Google Inc. won U.S. Justice Department approval for its $700 million purchase of ITA Software Inc. on the condition it makes travel data available to search-engine rivals and lets the government review any complaints it’s acting unfairly.
Yahoo! Inc. surged after firing Chief Executive Officer Carol Bartz, whose reign was marked by falling sales, lost share to rivals and a dispute with Asian partners that stunted growth in the world’s largest Web market.
Priceline.com Inc. rose 5.8 percent in Nasdaq Stock Market trading after RBC Capital Markets predicted the company would top earnings estimates, bolstered by a rebound in hotel stays and European travel.
Since Google Inc. introduced its Android operating system in 2007, the company’s strategy has been simple: Give it to developers for free and make money when consumers click ads on the Web or through apps. That model is hitting a snag.
Amazon.com Inc. will make it easier for developers to add social features to games for the Kindle Fire tablet, a person with knowledge of the matter said, working to narrow Apple Inc.’s lead in the market for tablets.
Amazon.com Inc., the largest Internet retailer, will start letting users make purchases within the applications sold in its online store, matching a feature offered by rivals Apple Inc. and Google Inc.
Amazon.com Inc. added Viacom Inc., the owner of the Nickelodeon and MTV cable networks, to the list of partners providing shows and movies to its video-streaming service, expanding the library by 15 percent to 15,000 titles.
Amazon.com Inc., the world’s largest online retailer, surpassed Samsung Electronics Co. as the No. 2 seller of tablet computers last quarter, shipping 3.89 million units, according to research firm IHS Inc.
Tablet shipments will increase this year by a better-than-predicted 54 percent as Amazon.com Inc.’s lower-priced challenge to Apple Inc.’s iPad stokes awareness of the devices, International Data Corp. said.