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HP reported its fiscal first quarter results for 2011 on Tuesday, revealing a strong performance in earnings and income. Its net income was US$2.6 billion for its first fiscal quarter, up from $2.3 billion a year earlier. Overall revenue was $32.2 billion, up from $31.2 during last year's first quarter ...

Amazon on Tuesday announced the launch of video streaming. The service gives Amazon Prime members unlimited, commercial-free instant streaming of more than 5,000 movies and TV shows. ...

Motorola Mobility CEO Sanjay Jha provided more details about his company's new tablet, the Xoom, in a speech Thursday at the Mobile World Congress in Barcelona, Spain. Jha confirmed the Xoom's price will be US$799 when it launches on Verizon Wireless, and the WiFi version will be $600, according to press reports ...

Google just couldn't leave the bone alone. When Apple announced its digital content subscription service on Tuesday, Google came back with its own on Wednesday, complete with a lower margin for publishers ...

Apple has announced a new subscription service that will be available to all content-based apps on the App Store. This includes magazines, newspapers, videos, music and more. Apple will process payments and keep a 30 percent share as it does with current App Store sales. However, if a publisher should sell a subscription on its own site and then route it to the App Store, Apple would not collect the 30 percent commission...

Microsoft CEO Steve Ballmer delivered a keynote speech focused on Windows Phone 7 at the Mobile World Congress in Barcelona, Spain, on Monday, just days after announcing a major partnership with handset maker Nokia. ...

Nokia and Microsoft have banded together to fight Apple and Android. On Friday morning, Nokia announced it will partner with Microsoft, adopting the Windows Phone 7 operating system for its smartphones. In the past, Nokia has equipped its phones with its own software platform, Symbian, and a new one, MeeGo, was in development ...

Back in the mid-2000s, "Guitar Hero" was a smash, and imitators such as "Rock Band" soon joined it in the gaming stratosphere. However, in a fourth-quarter earnings report released on Wednesday, Activision Blizzard pulled the plug on its once-innovative game, "due to continued declines in the music genre." ...

A leaked internal memo written by Nokia CEO Stephen Elop, circulating in press reports, indicates major changes are in the works for the company; an official announcement is expected Friday. ...

Groupon CEO Andrew Mason released a statement on Monday regarding his company's Super Bowl ads, in response to a lot of flak from critics and the general public regarding Sunday's commercials. ...

On midnight Monday, AOL announced it will buy The Huffington Post for US$315 million -- $300 million in cash and $15 million in AOL stock. The price is about 10 times the Post's revenue of $31 million. The cofounder and public face of The Huffington Post, Arianna Huffington, will become president and editor-in-chief of the Huffington Post Media Group, which will handle all Huffington Post and AOL content.

Google's Android is now the global leader of the smartphone operating system pack. In the fourth quarter of 2010, shipments of Android-powered smartphones outnumbered all competitors, including the longstanding leader Nokia, according to a report from Canalys released Monday ...

The classic newspaper may finally gets its 21st-century update. News Corp.'s iPad-exclusive newspaper, The Daily, is set to launch on Feb. 2. A weekly subscription will reportedly cost 99 US cents. Issues of The Daily will be delivered automatically through Apple once users sign up. ...

Video-on-demand website Hulu is embroiled in internal struggles over its business model. ...

Facebook is tracking your comments for ad opportunities. ...

Verizon's earnings report released Tuesday shows the company still outpacing competitors. Verizon Communications reported its fourth-quarter profit was US$2.64 billion, up from $617 million in 2009. That's a rise from 22 cents per share to 93 cents per share. Although Q4 sales were up 5.7 percent from last year to $16.15 billion, overall revenue fell 2.6 percent to $26.39 billion.

Facebook is ready to flex its advertising muscles. On Monday, Facebook's business director, Dan Rose, addressed attendees of the DLD media conference in Munich, speaking of the success of social games on Facebook from developers like Zynga and opportunities to expand its advertising to its 500 million-plus users, according to media reports ...

Not long ago, Groupon said "no" to Google's buy offer. So Google has decided to create its own coupon program and is moving forward with Google Offers. ...

HP's board of directors has launched an internal investigation into the circumstances of former CEO Mark Hurd's departure from the company. The investigation was disclosed in a filing to the San Jose, Calif., federal court on Jan. 14. ...

Amazon wants to make your cloud computing simple. The company announced Elastic Beanstalk on Wednesday. The application makes it easier to use Amazon's cloud computing platform, Amazon Web Services (AWS). ...