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Facebook acquires fitness tracking mobile app Moves

SAN FRANCISCO - Facebook Inc has acquired the maker of a mobile app that can track the distance consumers walk or run and measure the calories burned, giving the social networking company an entree into the nascent market for fitness and health monitoring technology.

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Comcast's Fandango ticket service buys MovieClips

- Fandango, a movie ticketing service owned by cable company Comcast Corp, is buying MovieClips from Zefr Inc to boost its film-related content.

Nokia says India plant unlikely to be part of Microsoft deal

NEW DELHI - Nokia said that due to an ongoing tax dispute its Indian mobile phone handset plant was unlikely to be included in a deal due to be concluded on Friday for the sale of its global handset business to Microsoft.

Media 6:36am EDT

Verizon profit misses expectations, shares fall

NEW YORK - Verizon Communications Inc's reluctance to offer mass discounts in a near-saturated mobile market is costing it new subscribers, analysts said on Thursday as the largest U.S. wireless carrier missed Wall Street's profit expectations.

Media 12:41pm EDT

AOL raises China presence with Sun Media Group partnership

NEW YORK - AOL is making a push into China with its digital video studio Makers, which struck a partnership on Thursday with that country's privately held Sun Media Group.

Media 8:04am EDT

Ericsson to split Network unit in two

STOCKHOLM - Ericsson, the world's top mobile telecom equipment maker, said on Thursday it would split its key Network unit in two as communications technology relies more on software and the Internet.

5:48am EDT

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