 | Good afternoon John |  |  | Zagat, the popular dining recommendations and ratings authority, jumping into a niche Web market alongside the likes of OpenTable and Yelp. The 32-year-old Zagat, which polls consumers and compiles reviews about restaurants around the world, will become a cornerstone of Google's "local offering" and work in tandem with its mapping services and core search engine, the Internet search and advertising leader said.
The Zagat acquisition also marks Google's first foray into original content creation. Google had been accused of poaching user reviews from the likes of Yelp for use on Google Places pages, without providing a link back.
Only about half of Twitter's 200 million-plus registered members log on daily but the microblogging website is chalking up growth of 40 percent every quarter in mobile device usage, CEO Dick Costolo said. Twitter is gearing up for a hotly anticipated initial public offering. But Costolo told reporters they would do so only on their own terms. Twitter.com now sees about 400 million unique visitors every month, a 60 percent leap from 200 million at the start of the year.
Apple sought to ban sales of Samsung's Galaxy S and S II smartphones and the Galaxy Tab 7 in Japan, accusing its rival of violating patents relating to the iPhone and iPad, the latest salvo in a series of patent battles between the two companies. Last month, Samsung said it would delay the launch of its latest Galaxy tablet computers in Australia until after a court ruling in late September. Last week, a German court banned sales of Samsung's Galaxy Tab 7.7.
Hedge fund and major Yahoo shareholder Third Point demanded that the Internet company overhaul its board, saying the directors have made "serious misjudgments" and "destroyed value" for stockholders. A "reconstituted board with new directors who will bring fresh eyes, relevant industry expertise and increased investor alignment to the table is immediately necessary," said Third Point, which has about $8 billion under management and owns about 5 percent of Yahoo shares. | | | Tablet boom prompts Gartner to cut PC market view | | September 08, 2011 04:43 AM ET | | HELSINKI (Reuters) - Research firm Gartner slashed its growth forecast for the global PC market this year to 3.8 percent from 9.3 percent, citing slower economies in Western Europe and the United States, and a boom in media tablets. | Full Article | | DirecTV streams NFL games for added sales | | September 08, 2011 10:42 AM ET | | NEW YORK (Reuters) - DirecTV is expanding its NFL Sunday Ticket television package, which lets viewers watch football outside their local markets, to see if it can make some extra money from broadcasting the games on the Internet. | Full Article | | | BUSINESS NEWS
| | Bernanke disappointment pushes Wall Street lower | | September 08, 2011 04:20 PM ET | | NEW YORK (Reuters) - Stocks closed sharply lower on Thursday after Federal Reserve Chairman Ben Bernanke gave no indications of new stimulus measures to boost the flagging economy in a keenly awaited speech. | Full Article | | Obama to call for urgent steps on economy | | September 08, 2011 03:40 PM ET | | WASHINGTON (Reuters) - President Barack Obama will lay out a jobs package worth more than $300 billion on Thursday, staking his re-election hopes on a call for urgent action to revive the economy and challenging Republicans who have consistently opposed his initiatives. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. 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 | | | ODDLY ENOUGH | | | | | | |
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