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Facebook talks up need for virtual reality, big tech bets

SAN FRANCISCO - Virtual reality, artificial intelligence and drones will enable Facebook Inc to create a more lifelike and useful social network, the company said in its clearest explanation so far for technology projects that have puzzled some investors and analysts.

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Google to pay CFO Porat more than $70 million in two years

- Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, more than $70 million in the next two years through a combination of restricted stock units and a biennial grant.

Money 6:26pm EDT

New U.N. investigator to probe digital spying

GENEVA - The United Nations top human rights body agreed on Thursday to appoint a special investigator to probe digital spying and violations of online privacy.

World, United Nations 2:00pm EDT

GameStop profit forecast misses Street on weak demand for consoles

- GameStop Corp forecast a weaker-than-expected profit for the full year, as demand for the new PlayStation 4 and Xbox One consoles fail to make up for falling sales of earlier versions.

5:36pm EDT

Verizon's online video service revenue may depend on ads: CFO

NEW YORK - Verizon Communications Inc may rely largely on advertising for revenue from its upcoming online video service, Chief Financial Officer Fran Shammo said in an interview.

11:07am EDT

U.S. questions China at WTO on banking technology restrictions

GENEVA - The United States is concerned about China's restrictions on the use of foreign information technology equipment by the banking sector, according to a filing published by the World Trade Organization on Thursday.

China 12:42pm EDT

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