ST-Ericsson to slash 1,700 jobs
ST-Ericsson will cut 1,700 jobs due to heavy losses, and will rely on co-owner STMicroelectronics as a partner for developing application processors, after failing to forge a deal with any of four other companies.
Facebook buys $550m in patents from MS
Facebook will pay Microsoft around $550 million for 650 of the 925 patents which Microsoft acquired from AOL for $1 billion.
Motorola gets initial win in Xbox patent case
In an initial determination, the ITC has upheld Motorola Mobility's claims that Microsoft's Xbox game system infringes on Motorola patents, but only for four out of the five patents named in the case.
China's Alibaba.com has reported a 25% decrease in first quarter profit to 339.2 million yuan ($53.8 million) on the back of higher operating costs, and has appointed an independent board committee to look into the prospect of a share buyback to take the company private.
Google shuts down more services in refocus
Google will shutter or outsource several more services as part of its refocusing drive. Getting the axe are One Pass, Google Flu Vaccine Finder, Google Related, Google Sync for BlackBerry and the mobile web app for Google Talk.
Chinese court seeking Apple-Proview truce
A Chinese court is attempting to mediate a truce between Apple and Proview in the dispute over the rights to the iPad name in the country.
Ofcom probing Sky News over email hacking
British broadcasting regulator Ofcom is investing an incident in which news channel Sky News hacked into the email account of a man who had faked his own death, but was still communicating with his wife.
Auckland Apple stores hit by armed burglars
Gangs of robbers armed with weapons including machetes have to date robbed two Auckland stores selling Apple consumer devices. Police believe the same offenders could have been involved in both robberies.