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China's Baidu buys mobile app firm for $1.9 bn

China's leading web search engine Baidu is to buy a smartphone app distribution firm for $1.9 billion, it said Tuesday, in what is believed to be the largest takeover in the country's Internet industry.

dateJul 16, 2013 in Business
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Facebook pays $10 million to settle ad suit

Facebook will pay $10 million to settle a lawsuit from users who claimed their names, images and other information were improperly used in advertising described as "sponsored stories," court documents showed.

dateJun 18, 2012 in Business
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