Google invests in firm that tries to predict the future

Google has invested in Recorded Future, a startup company that claims to be able to predict the future. Google Ventures, the company’s investment arm, and put forward an undisclosed sum to own a part of the Massachusetts-based startup. Recorded Future claims it...

Baidu’s profit doubles after Google’s exit from China

Chinese search engine Baidu has posted first quarter profits of 480.5 million yuan (£46m), representing a rise of 165 percent year-over-year. The company’s increase in market share in the region follows Google’s withdrawl from operations in mainland China....

HP enters smartphone market, buys Palm for £787m

Computer manufacturer Hewlett-Packard has become a new player in the smartphone market, buying phone maker Palm for $1.2 billion (£787 million). Palm has been struggling to compete with rivals Apple and RIM, with its most recent model, the Pre, failing to make sales...

Google Nexus One goes on sale in UK with Vodafone

Vodafone UK has become the first European operator to sell Nexus One, Google’s first smartphone handset, with contract prices starting from £25 a month. Customers who pre-order online will be the first to get a Nexus One for free on a £35 monthly price plan (24...

Debate shifts party leaders’ reputations on social media

Last week’s debate saw the reputation of Gordon Brown rise significantly, while David Cameron remained static, according to analysis by social media firm Yomego. Yomego has been analysing the reputations of each leader through the first two leaders debates, and the...

UK mobile ad market grew 32% in 2009 – worth £38m

Mobile ad spend beat expectations last year, with entertainment & media and telecoms brands being the biggest mobile advertisers, according to new research. Despite a contraction in the advertising sector in 2009, total spend on mobile phone advertising in 2009...

Amazon profits soar 68% on strong international sales

Amazon has signaled a recovery in online consumer spending with an excellent quarter that saw profits rise 68 per cent. The retailer made a quarterly profit of $299m (£194m), and reported overall revenues up 46 per cent to $7.13bn (£4.63bn). US sales rose slightly...

Reuters.co.uk relaunches: Mainstream consumer focus

This month’s relaunch of Reuters.co.uk marks a clear shift into mainstream consumer-facing publishing and the promotion of a consumer facing brand. For the news network that supports tens of thousands of media titles, this clear expansion signals a broadening...

Yahoo! buys Me.Me domain to boost Twitter rival

Yahoo! has acquired the Me.Me domain name to enhance the brand of its social networking site, meme.yahoo.com, which allows users to connect and share their common interests. Online domain marketplace Sedo, brokered the sale of Me.Me to Yahoo!. Sedo secured the domain...

Yahoo posts first revenue growth in 18 months

Yahoo has reaped the benefits of Microsoft web search deal, posting its best quarterly performance since hiring Carol Bartz as chief executive to engineer a turnaround. The first-quarter results released marked the internet company’s first revenue growth in 18...

Facebook shuts Lite site after just seven months

Social network Facebook has shut down its Lite site after running for just seven months. Facebook posted a note on its own fan page thanking those who used Lite, which had been aimed at users with slow or poor Internet connections, and stated that it had...

Google updates local tools with photos inside businesses

Google is changing the name of its Local Business Center to Google Places adding new tools to help connect consumers with local shops, including photos of the interiors of buildings. The search giant is letting businesses in some cities buy Tags to make their listings...