Facebook Inc. (NASDAQ:FB) will charge businesses which intend to offer their products on FB pages and will be permitted to publish promotional offers visible on fans’ news feeds after paying Facebook. This newly launched product by Facebook would give it a potential competitive edge on Groupon, Inc. (NASDAQ:GRPN).
Facebook previously hired some Apple Inc. (NASDAQ:AAPL)’s engineers for its mobile project and now it has recruited Netflix, Inc. (NASDAQ:NFLX) engineering Vice President John Ciancutti to become its director of engineering to fulfill its new business ambitions.
Cisco Systems, Inc. (NASDAQ:CSCO) partnered with Intel Corporation (NASDAQ:INTC) as it would manufacture the latter’s custom processors, according to Piper. Intel believes that this joint venture with Cisco could bring $1 billion per year.
The Japanese electronics maker, Sharp Corp. (6753), was also in talks with Intel (INTC) for a possible capital tie up. Both the firms may collaborate in the smartphone business, the report said.
Microsoft Corporation (NASDAQ:MSFT) asked China to stop use the pirated versions of its Office by four firms, because MSFT’s office software is being pirated by China National Petroleum Corp. and three other state-owned companies.
The worth of China’s illegal software market was almost $9 billion last year, as compared with a legal market of less than $3 billion, as reported by the Business Software Alliance released annual report in May.
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