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	<title>Business &#38; MoneyCategory: War for the Web &#124; Business &#38; Money &#124; TIME.com</title>
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		<title>Business &#38; MoneyCategory: War for the Web &#124; Business &#38; Money &#124; TIME.com</title>
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		<title>Video: Sorry eBay &#8212; Turns Out Some Small Businesses Support the Marketplace Fairness Act</title>
		<link>http://business.time.com/2013/05/09/video-sorry-ebay-turns-out-some-small-businesses-support-the-marketplace-fairness-act/</link>
		<comments>http://business.time.com/2013/05/09/video-sorry-ebay-turns-out-some-small-businesses-support-the-marketplace-fairness-act/#comments</comments>
		<pubDate>Thu, 09 May 2013 20:30:12 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[E-commerce]]></category>
		<category><![CDATA[Economics & Policy]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Future of Retail]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Saving]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Tax Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[eBay]]></category>
		<category><![CDATA[Internet sales tax]]></category>
		<category><![CDATA[loophole]]></category>
		<category><![CDATA[Main Street]]></category>
		<category><![CDATA[Marketplace Fairness Act]]></category>
		<category><![CDATA[online sales tax]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[sales tax]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=79702</guid>
		<description><![CDATA[Online giant eBay is leading the charge against legislation that would require sales tax to be collected on Internet sales. The mandate would be an unfair burden on small businesses, eBay says. And yet who are among the bill&#8217;s strongest supporters? Yep, small businesses. For years, online sellers have benefitted from what brick-and-mortar retailers call the &#8220;internet sales tax loophole.&#8221; For the most part, e-retailers are only required to charge customers sales tax if the vendor has a physical presence in the state where the purchase is being made. Consumers are supposed to pay the appropriate sales tax when they file their annual federal and state income taxes, but almost no one does. The situation gives e-commerce businesses an obvious pricing advantage over brick-and-mortar stores and online retailers with a physical presence in the state, which must always tack on sales tax. The Marketplace Fairness Act, which passed in the U.S. Senate and is now being considered in the House, would close this loophole. The legislation would allow states to require out-of-state vendors to collect sales taxes just like the physical stores at the customer&#8217;s location. (MORE: 5 Ways to Save Money Shopping Online, Regardless of New Internet Sales Tax Legislation) Amazon, the world&#8217;s largest e-retailer, has voiced support for online sales tax collection initiatives in recent years. The only big company that&#8217;s actively fighting the legislation today is eBay. Company CEO John Donahoe was quoted on NPR this week arguing that the law would hurt small businesses: If it&#8217;s allowed to play out things will still sell in eBay marketplace, but it will be larger and larger sellers that are doing the selling and the small guy will, over time, slowly be squeezed out. Currently, the Marketplace Fairness Act would exempt retailers with less than $1 million in annual revenues. Instead, eBay wants the exemption pushed to the $10 million revenue mark, which Donahoe pointed to as one of the criteria used in Obamacare to define a small business. &#8220;All we&#8217;re saying is an exemption at $10 million &#8211;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=79702&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>E-commerce</primary_category><primary_category_link>http://business.time.com/category/companies-industries/e-commerce-companies-industries/</primary_category_link>
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			<media:title type="html">bradtuttle</media:title>
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		<item>
		<title>Google Hits &#8216;Glass&#8217; Pedal as Apple Returns to Earth</title>
		<link>http://business.time.com/2013/02/26/google-hits-the-glass-pedal-as-apple-falls-to-earth/</link>
		<comments>http://business.time.com/2013/02/26/google-hits-the-glass-pedal-as-apple-falls-to-earth/#comments</comments>
		<pubDate>Tue, 26 Feb 2013 10:45:15 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=72831</guid>
		<description><![CDATA[The U.S. technology industry is one of the most dynamic in the world, particularly with respect to mobile and Internet-based computing, two areas that are evolving at breakneck speed. Things can happen very quickly in the tech space: one day you&#8217;re up, the next day you&#8217;re down. Take Apple and Google, two tech titans currently battling for dominance in the mobile-Internet wars. Over the past several months, Google shares have increased by nearly 20% — last week topping $800 — while Apple shares have fallen by more than 30%. Much of the movement happened in the past few months of 2012, as large investors, including hedge funds, pulled money out of Apple and, in some cases, poured it into Google, in order to maintain exposure to the large-capitalization technology sector, according to Colin Gillis, senior technology analyst and director of research at BGC Financial. &#8220;As Apple started selling off, Google started taking off,&#8221; Gillis says in a phone interview. &#8220;If you&#8217;re an investor and you want exposure to large-cap tech stocks, there aren&#8217;t that many places you can go.&#8221; The Apple sell-off is being driven in part by growing concerns about whether products like the iPhone and the iPad — devices that Apple is only incrementally improving — can continue to power revenue and profit growth, or whether Apple needs new, breakthrough products. After all, during his legendary career, Apple’s late co-founder Steve Jobs radically disrupted several markets with iconic products like the iPod and iTunes, and the iPhone and iPad, which set the standard for tech innovation. Current Apple CEO Tim Cook has yet to introduce a truly breakthrough new product of his own. (MORE: Is Apple Losing Its Shine After Steve Jobs?) &#8220;Tim Cook keeps alluding to the company&#8217;s great product pipeline, but there&#8217;s been an innovation vacuum for a couple of quarters,&#8221; says Gillis. &#8220;I&#8217;m not going to say the story is over — let&#8217;s give it one more year — but we&#8217;re certainly in a period of incrementalism with Apple.&#8221; Scott Kessler, head of technology research at S&#38;P Capital IQ, also raised<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=72831&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/02/26/google-hits-the-glass-pedal-as-apple-falls-to-earth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/rtr37qzx.jpg?w=240</featured_image>
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			<media:title type="html">Google founder Sergey Brin poses for a portrait wearing Google Glass glasses before the Diane von Furstenberg  Spring/Summer 2013 collection show during New York Fashion Week</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<item>
		<title>Comcast&#8217;s NBCUniversal Deal: As One Media Era Ends, Another Begins</title>
		<link>http://business.time.com/2013/02/14/comcasts-nbcuniversal-deal-as-one-media-era-ends-another-begins/</link>
		<comments>http://business.time.com/2013/02/14/comcasts-nbcuniversal-deal-as-one-media-era-ends-another-begins/#comments</comments>
		<pubDate>Thu, 14 Feb 2013 13:00:51 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=70612</guid>
		<description><![CDATA[Comcast&#8217;s $16.7 billion deal to purchase the remaining half of NBCUniversal from General Electric solidifies the cable and broadband giant&#8217;s role as a media titan and represents a triumph for CEO Brian Roberts, whose father founded Comcast in 1963 by buying a 1,200-subscriber cable TV company in Tupelo, Miss. for $500,000. Since then, Comcast has steadily grown through acquisitions and savvy business deals. It is now the largest cable company in the United States, and one of the largest providers of broadband Internet and home phone service. GE&#8217;s sale of its remaining NBCUniversal stake marks a symbolic milestone in the history of American broadcast media, and the arrival of a new, digital era in which cable-giant Comcast has emerged as a dominant force in entertainment and communications. By assuming full ownership of NBC Universal &#8212; which includes NBC&#8217;s famed &#8220;Peacock Network,&#8221; NBC News, MSNBC, CNBC, Universal Pictures, the Universal theme parks and resorts, and several popular cable channels, including Bravo &#8212; Comcast takes full control of a crown jewel of American news and entertainment, whose history mirrors the emergence of modern broadcast media in the 20th Century. For Comcast, the deal represents a clear commitment to cable and broadcast television, even as the Internet revolution has given consumers more entertainment choices than ever before. Despite past fears that the Internet would eviscerate TV advertising, much as it has done to print media, television &#8212; especially cable TV &#8212; remains a highly profitable and growing business. (MORE: Liberty’s Virgin Deal Sets Up Media Clash Between Malone and Murdoch) &#8220;Our decision to acquire GE&#8217;s ownership is driven by our sense of optimism for the future prospects of NBCUniversal and our desire to capture future value that we hope to create for our shareholders,&#8221; Roberts said in a statement. Comcast shares jumped 3% Wednesday in response to the deal, touching a multi-year high; the company&#8217;s stock price has increased 46% over the past year and 68% over the past two years. For GE, divesting its remaining NBCUniversal stake is part of CEO Jeffrey Immelt&#8217;s plan to focus on the company&#8217;s industrial businesses. GE,<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=70612&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/02/14/comcasts-nbcuniversal-deal-as-one-media-era-ends-another-begins/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Media</primary_category><primary_category_link>http://business.time.com/category/companies-industries/media-companies-industries/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/biz-nbc-comcast-0215.jpg?w=240</featured_image>
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			<media:title type="html">A pedestrian walks in front of NBC Studios on 50th Street in New York City, Dec. 1, 2009.</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<item>
		<title>State of the Union: Why Is Apple CEO Tim Cook Sitting Next to Michelle Obama?</title>
		<link>http://business.time.com/2013/02/12/state-of-the-union-why-is-apple-ceo-tim-cook-sitting-next-to-michelle-obama/</link>
		<comments>http://business.time.com/2013/02/12/state-of-the-union-why-is-apple-ceo-tim-cook-sitting-next-to-michelle-obama/#comments</comments>
		<pubDate>Tue, 12 Feb 2013 20:01:45 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=70449</guid>
		<description><![CDATA[Apple is going through a sour patch right now. On Monday, TIME columnist Tim Bajaran asked if Apple&#8217;s amazing run disrupting markets is over. The Cupertino-Calif.-based tech juggernaut has not introduced a truly break-through new product since co-founder Steve Jobs died over one year ago. As a result, Apple&#8217;s stock price has suffered, declining 24% over the last six months. Apple investors are getting nervous. Meanwhile, hedge fund titan David Einhorn has launched a lawsuit against the company aimed at getting the company to return some of its $140 billion cash hoard to shareholders &#8212; who, after all, own the company. Apple has said it will consider Einhorn&#8217;s demands, but that didn&#8217;t stop Apple CEO Tim Cook from slamming Einhorn&#8217;s campaign as a &#8220;silly sideshow&#8221; at the Goldman Sachs investor conference in San Francisco on Tuesday morning. This context helps explain why Cook , a runner-up for TIME&#8217;s 2012 Person of the Year, has been on something of a PR tour in recent months, appearing on the cover of Bloomberg BusinessWeek and showing up for a rare on-camera interview with Brian Williams of NBC News. (MORE: Is Apple Losing Its Shine After Steve Jobs?) Tonight, Cook will join first lady Michelle Obama during President Obama&#8217;s State of the Union address. (Presumably, Cook is on a private jet headed to D.C. as I type.) It&#8217;s the continuation of Cook&#8217;s PR offensive, and the symbolism isn&#8217;t lost on tech watchers. Last year, Jobs&#8217;s widow Laurene Powell Jobs sat with Mrs. Obama, as the president touted the company as an exemplar of American innovation. And indeed it is. Last year, President Obama and other lawmakers called out Apple as the epitome of U.S. innovation. But there was a tension to that shout-out, given that most of the jobs that Apple has created have been at the giant Chinese manufacturing conglomerate Foxconn, which has been bedeviled by labor issues, prompting Cook to tighten the company&#8217;s supplier review process. And that&#8217;s the problem with holding Apple out as a U.S. success story: The company now does well over half of its business overseas, and employs most of its manufacturing workers<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=70449&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/1500_michelle.jpg?w=240</featured_image>
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			<media:title type="html">Obama Cook</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<title>Free Federal Wireless Broadband For All Americans? Fuggedaboutit!</title>
		<link>http://business.time.com/2013/02/06/free-federal-wireless-broadband-for-all-americans-fuggedaboutit/</link>
		<comments>http://business.time.com/2013/02/06/free-federal-wireless-broadband-for-all-americans-fuggedaboutit/#comments</comments>
		<pubDate>Wed, 06 Feb 2013 23:13:31 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=69819</guid>
		<description><![CDATA[The United States government is not going to be providing free WiFi Internet access to consumers anytime soon. That news may surprise anyone who read a startling Washington Post story on Sunday, which seemed to confuse a fairly esoteric telecom policy proposal about the use of so-called &#8220;white space&#8221; wireless spectrum with some sort of free national wireless Internet access plan. The &#8220;free WiFi for all&#8221; story, which was passed around uncritically by Internet blogs and news sites, set off a furor because the notion cuts to the heart of ongoing battles over access to the Internet, the &#8220;digital divide,&#8221; and federal policy decisions that could have major implications for the telecom, cable, and technology industries. But the story was wrong, as Ars Technica pointed out. On Tuesday, outlets that repeated the bunk story began walking their reports back, in some cases apologizing for giving bad information to the public. The episode, which provoked a strong pushback from tech experts across the political spectrum, illustrates the perils journalists face when they uncritically re-print or &#8220;aggregate&#8221; information too hastily. Here&#8217;s the background: As part of the broadcast television industry transition from analog to digital signals, key wireless spectrum has become available. Wireless spectrum refers to the frequencies that are used by TV, radio, cell phones, satellite, and other devices. This spectrum is extremely valuable &#8212; worth billions of dollars &#8212; because it&#8217;s what enables Apple, Google, Facebook, Twitter, AT&#38;T, and Verizon Wireless to make your smartphones and other mobile devices work. (MORE: Is Broadband Internet Access a Public Utility?) For several years, the Federal Communications Commission has been trying to figure out what to do with so-called &#8220;white spaces,&#8221; which are the slivers of wireless spectrum between the old analog TV channels. Everyone in the technical community has known that this spectrum would eventually become available when the TV industry transitioned from analog to digital. For years, the government has been jockeying with the major broadcasters, cable companies, telecom firms, and public interest groups about how best to allocate this spectrum. The FCC&#8217;s proposed solution is to hold what&#8217;s known as an &#8220;incentive<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=69819&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/rtr2np40.jpg?w=240</featured_image>
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			<media:title type="html">Federal Communication Commission Chairman Julius Genachowski speaks at the Cable Show in Chicago</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<item>
		<title>As the Dow Soars, How High Can Tech Stocks Go?</title>
		<link>http://business.time.com/2013/02/04/as-the-dow-soars-how-high-can-tech-stocks-go/</link>
		<comments>http://business.time.com/2013/02/04/as-the-dow-soars-how-high-can-tech-stocks-go/#comments</comments>
		<pubDate>Mon, 04 Feb 2013 14:00:06 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=69618</guid>
		<description><![CDATA[Last Friday, the Dow Jones Industrial Average &#8212; the benchmark stock index of America&#8217;s blue chip companies &#8211; closed above 14,000 for the first time since the financial meltdown sent the U.S. economy into the worst crisis in decades. The continued resurgence of the U.S. auto industry and growing optimism about the overall economy helped propel the Dow above the psychologically important 14,000 point level. The surging Dow is an indication of the increasing financial health of the largest American companies, a bright spot in an otherwise shaky U.S. economic recovery, particularly with respect to unemployment. America&#8217;s blue chip firms &#8212; including industrial giants, banks, and auto companies &#8212; are healthier than they&#8217;ve been in years. But what about the largest U.S. tech companies? Like the other major stock indices, the tech-heavy Nasdaq index is at or near multi-year highs. On Friday alone, the Nasdaq rose 1%, nearly touching the index&#8217;s five-year high, which it hit last September, driven in part by tech juggernaut Apple, which had just released the iPhone 5. But Wall Street sentiment has soured on Apple in recent months, somewhat tempering the Nasdaq&#8217;s continued ascent. (MORE: Apple Shares Plunge 10% on Slowing Growth, New Product Jitters) How high can tech stocks go? Given Apple&#8217;s size &#8212; it&#8217;s the largest tech company in the world &#8212; it makes sense to begin any forward-looking evaluation of the Nasdaq with the Cupertino, Calif.-based cash machine. Apple constitutes about 12% of the Nasdaq&#8217;s valuation, and there&#8217;s no question the company&#8217;s recent stock swoon has placed a drag on the tech-heavy index. Let&#8217;s take a look at Apple and three other important Nasdaq companies. Two weeks ago, for the third consecutive quarter, Apple fell short of analyst estimates, sending the company’s stock down 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple’s slowing growth rate has spooked investors, who are growing increasingly concerned about the next stage in the company’s epic story. Can Apple maintain its heretofore astonishing growth-rate on the back of existing products like the iPhone and<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=69618&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/rtr358q3.jpg?w=240</featured_image>
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			<media:title type="html">A man takes a photo outside the Nasdaq Market site in New York&#039;s Times Square</media:title>
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		<title>Apple Shares Plunge 10% on Slowing Growth, New Product Jitters</title>
		<link>http://business.time.com/2013/01/24/apple-shares-plunge-10-on-slowing-growth-new-product-jitters/</link>
		<comments>http://business.time.com/2013/01/24/apple-shares-plunge-10-on-slowing-growth-new-product-jitters/#comments</comments>
		<pubDate>Thu, 24 Jan 2013 13:00:48 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[iPod]]></category>
		<category><![CDATA[Steve Jobs]]></category>
		<category><![CDATA[Tim Cook]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=68202</guid>
		<description><![CDATA[For years, Apple consistently beat Wall Street expectations, not only because the company habitually low-balled its financial projections, but also because it was growing at a rate and scale that was virtually unprecedented in the history of corporate America. It appears those days are over. For the third consecutive quarter, Apple, the world&#8217;s largest technology company, fell short of analyst estimates, sending the company&#8217;s stock down a whopping 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple&#8217;s slowing growth has raised questions about the next phase in the company&#8217;s evolution. (MORE: Apple Profit Surges 24% Ahead of Holiday Blowout; CEO Tim Cook Disses Microsoft) One thing is for sure: The numbers associated with Apple&#8217;s business are staggering. Apple sold 47.8 million iPhones and 22.9 million iPads during the holiday quarter, but both of those figures were about one million short of analyst expectations. The company generated profit of $13.1 billion, but that was flat compared to the year ago period &#8212; the company&#8217;s lowest rate of profit growth in a decade &#8212; in part because of higher production costs associated with new products. Revenue came in at $54.5 billion, an 18% increase over one year ago, but less than the $55 billion that analysts had been expecting. For the current quarter, Apple projected sales of between $41 billion and $43 billion, but that number also fell below the $45.6 billion that analysts had been expecting. That translates to revenue growth of about 7%, which is lower than the double-digit sales growth that Apple had enjoyed in recent years. The fundamental question facing Apple is whether its existing, wildly popular products like the iPhone and the iPad can continue to power revenue and profit growth, or whether it needs new, breakthrough products. After all, during his legendary career, Apple&#8217;s late co-founder Steve Jobs radically disrupted several industries with iconic products like the iPod, iPhone and iPad. (MORE: Apple Earnings Miss Wall Street Target as Buyers Wait for New iPhone) &#8220;It has been an overriding concern with Apple that<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=68202&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3cuz3.jpg?w=240</featured_image>
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			<media:title type="html">The Apple logo is pictured at the company&#039;s flagship retail store in San Francisco, California</media:title>
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		<title>Microsoft and Dell: A Match Made in Heaven or Hell?</title>
		<link>http://business.time.com/2013/01/24/microsoft-and-dell-a-match-made-in-heaven-or-hell/</link>
		<comments>http://business.time.com/2013/01/24/microsoft-and-dell-a-match-made-in-heaven-or-hell/#comments</comments>
		<pubDate>Thu, 24 Jan 2013 13:00:26 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Dell]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Michael Dell]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Steve Ballmer]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=68198</guid>
		<description><![CDATA[Dell, the pioneering computer company that has struggled to match innovative mobile products from Apple, Google, and Samsung, is in talks to go private with help from prominent tech private equity firm Silver Lake Partners and software giant Microsoft, according to multiple reports. The deal, which would be valued at more than $20 billion, would be the largest leveraged buyout since the financial crisis, and would involve Microsoft kicking in as much as $3 billion. Michael Dell, the company&#8217;s multi-billionaire founder and CEO, clearly believes going private is in Dell&#8217;s interest; he would help finance the deal, along with several banks. For Dell, the pact would strengthen its relationship with a deep-pocketed and powerful ally at a time when the PC market has stumbled, as users gravitate to smartphones and tablets. Overall PC shipments in 2012 declined 3.2% from one year ago, with Dell&#8217;s sales decreasing by 21%, according to data from research firm IDC cited by the Wall Street Journal. By contrast, tablet sales jumped 72% in 2012 and will increase by 54% this year, according to JPMorgan data cited by Bloomberg. (MORE: Why Apple Is Winning: Innovation, Opportunity and Execution) &#8220;I suspect it is not about the financial income this might generate for Microsoft as much as helping Dell to remain in a long term competitive position and good partner to Microsoft,&#8221; Rick Sherlund, an analyst with Nomura Securities, told the Journal. As a private company, Dell would also be free from Wall Street analyst and investor pressure, which might give it the flexibility to make bolder bets. From Microsoft&#8217;s perspective, there is a certain amount of logic to participating in the deal. As the technology industry undergoes a structural shift toward mobile devices like smartphones and tablets, Apple&#8217;s iOS devices and Google&#8217;s Android devices have gobbled up market share. Microsoft&#8217;s Windows 8 operating system has not been as successful. Given the massive growth of Android, in particular, it is imperative that Microsoft lock in hardware partners for Windows 8. Microsoft reports earnings results after the stock market closes on Thursday. As<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=68198&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr39khk.jpg?w=240</featured_image>
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			<media:title type="html">Michael Dell Chairman and CEO of Dell Inc arrives for the launch event of Windows 8 operating system in New York</media:title>
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		<title>Google and IBM Post Strong Earnings as the Tech Sector Heats Up</title>
		<link>http://business.time.com/2013/01/23/google-ibm-post-strong-results-in-a-positive-sign-for-the-tech-sector/</link>
		<comments>http://business.time.com/2013/01/23/google-ibm-post-strong-results-in-a-positive-sign-for-the-tech-sector/#comments</comments>
		<pubDate>Wed, 23 Jan 2013 13:00:51 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[cost-per-click]]></category>
		<category><![CDATA[Ginni Rometty]]></category>
		<category><![CDATA[Google Glass]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[Larry Page]]></category>
		<category><![CDATA[Sergey Brin]]></category>
		<category><![CDATA[services]]></category>
		<category><![CDATA[software]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=67703</guid>
		<description><![CDATA[Technology titans Google and IBM delivered surprisingly strong earnings results Tuesday, in a positive sign for the tech sector following several quarters of lackluster performance across the industry. Google showed progress addressing one of its key challenges: the steady migration of users to mobile search, which generates less ad revenue for the company than desktop search. Google reported strong revenue growth, in a sign that the overall online advertising market keeps growing, as marketers continue their seemingly inexorable shift away from traditional ad platforms &#8212; including print &#8212; and toward Internet advertising. Google shares soared 5% after the results were announced. IBM reported record profits, driven by the company&#8217;s ongoing, decade-long transition toward software and services, as net income increased by 6%. IBM&#8217;s results were propelled by what CEO Ginni Rometty called &#8220;higher-value businesses,&#8221; including cloud computing and data analytics. Because of IBM&#8217;s vast reach across the technology world, as well as its global footprint, the company is a closely watched bellwether for the overall health of the tech sector, and its results augur well for other companies, including Apple, which reports its results Wednesday. IBM shares jumped 4.3% after the results were announced. &#8220;Our performance in the fourth quarter and for the full year was driven by our strategic growth initiatives &#8212; growth markets, analytics, cloud computing, Smarter Planet solutions &#8212; which support our continued shift to higher-value businesses,” Rometty said in a statement. (MORE: Inside Google’s Terrible, Horrible, No Good, Very Bad Day) Google said that its net income increased 13% on revenue of $14.42 billion, a 36% increase over one year ago. &#8220;Overall it was a solid quarter for Google with the advertising business seeing healthy gains,&#8221; Jeffries &#38; Company analyst Brian Pitz said in a note to clients. In a conference call with analysts, Google CEO Larry Page touted the fact that Google hit $50 billion in revenues for the first time last year. &#8220;Not a bad achievement in just a decade and a half,&#8221; Page said. &#8220;In today’s multi-screen world we face tremendous opportunities as<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=67703&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Google</primary_category><primary_category_link>http://business.time.com/category/technology-media/google/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3c7s7.jpg?w=240</featured_image>
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			<media:title type="html">Google signage seen at the company&#039;s headquarters in New York.</media:title>
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		<title>Aaron Swartz, Tech Prodigy and Internet Activist, Is Dead at 26</title>
		<link>http://business.time.com/2013/01/13/tech-prodigy-and-internet-activist-aaron-swartz-commits-suicide/</link>
		<comments>http://business.time.com/2013/01/13/tech-prodigy-and-internet-activist-aaron-swartz-commits-suicide/#comments</comments>
		<pubDate>Sun, 13 Jan 2013 05:32:51 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Aaron Swartz]]></category>
		<category><![CDATA[Cory Doctorow]]></category>
		<category><![CDATA[DemandProgress]]></category>
		<category><![CDATA[Harvard]]></category>
		<category><![CDATA[JSTOR]]></category>
		<category><![CDATA[Lawrence Lessig]]></category>
		<category><![CDATA[MIT]]></category>
		<category><![CDATA[PACER]]></category>
		<category><![CDATA[Reddit]]></category>
		<category><![CDATA[Stanford]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66590</guid>
		<description><![CDATA[Aaron Swartz, the brilliant young software programmer and Internet activist who inspired awe and reverence from leading figures in the technology world, died in his Brooklyn apartment on Friday, his family said in a statement. New York City&#8217;s chief medical examiner ruled the death a suicide by hanging. Swartz was 26 years old. A computer prodigy, Swartz co-authored an early version of the popular Internet tool RSS at age 14 and would later become an early leader of Reddit, the social website that has become a locus of Internet activism. A passionate advocate for social justice, Swartz founded the group Demand Progress, which played a crucial role in persuading the U.S. Congress to back down from controversial antipiracy legislation last year. &#8220;Aaron’s insatiable curiosity, creativity and brilliance; his reflexive empathy and capacity for selfless, boundless love; his refusal to accept injustice as inevitable — these gifts made the world, and our lives, far brighter,&#8221; his family said in a statement. &#8220;Aaron’s commitment to social justice was profound and defined his life. He used his prodigious skills as a programmer and technologist not to enrich himself but to make the Internet and the world a fairer, better place.&#8221; Swartz believed deeply that information — particularly that which might benefit society — should be made available for free to the public. In 2011, Swartz was indicted on federal data-theft charges for breaking into the MIT computer system and allegedly downloading 4.8 million documents from the subscription-based academic research database JSTOR. Swartz was facing up to 35 years in prison and a fine of up to $1 million. He pleaded not guilty. His trial was set to begin this April. (MORE: Reddit Co-Founder Aaron Swartz Indicted for Data Theft, Could Face 35 Years in Prison) In 2008, Swartz wrote a program to download some 20 million pages of legal documents from PACER, the Public Access to Court Electronic Records system, which charges 10 cents per page for access. Working with other activists, Swartz sought to make the documents available to the public at no charge. The government cracked down on this effort but did not<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66590&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<title>Is Broadband Internet Access a Public Utility?</title>
		<link>http://business.time.com/2013/01/09/is-broadband-internet-access-a-public-utility/</link>
		<comments>http://business.time.com/2013/01/09/is-broadband-internet-access-a-public-utility/#comments</comments>
		<pubDate>Wed, 09 Jan 2013 13:00:54 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Hollywood]]></category>
		<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Music Industry]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Telecom]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[AT&T]]></category>
		<category><![CDATA[Captive Audience]]></category>
		<category><![CDATA[Captive Audience: The Telecom Industry and Monopoly in the New Guilded Age]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[digital divide]]></category>
		<category><![CDATA[regulatory capture]]></category>
		<category><![CDATA[Sprint]]></category>
		<category><![CDATA[Susan Crawford]]></category>
		<category><![CDATA[time warner cable]]></category>
		<category><![CDATA[Verizon]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66067</guid>
		<description><![CDATA[Should broadband Internet service be treated as a basic utility in the United States, like electricity, water, and traditional telephone service? That&#8217;s the question at the heart of an important and provocative new book by Susan Crawford, a tech policy expert and professor at Cardozo Law School. In Captive Audience: The Telecom Industry and Monopoly in the New Guilded Age, released Tuesday by Yale University Press, Crawford argues that the Internet has replaced traditional phone service as the most essential communications utility in the country, and is now as important as electricity was 100 years ago. &#8220;Truly high-speed wired Internet access is as basic to innovation, economic growth, social communication, and the country&#8217;s competitiveness as electricity was a century ago,&#8221; Crawford writes, &#8220;but a limited number of Americans have access to it, many can&#8217;t afford it, and the country has handed control of it over to Comcast and a few other companies.&#8221; Because the U.S. government has allowed a small group of giant, highly profitable companies to dominate the broadband market, Crawford argues, American consumers have fewer choices for broadband service, at higher prices but lower speeds, compared to dozens of other developed countries, including throughout Europe and Asia. &#8220;In Seoul, when you move into an apartment, you have a choice of three or four providers selling you symmetric fiber access for $30 per month, and installation happens in one day,&#8221; Crawford told TIME in an interview Tuesday. &#8220;That&#8217;s unthinkable in the United States. And the idea that the country that invented the Internet can&#8217;t get online is beyond my imagination.&#8221; Crawford, who has been a visiting professor at Harvard, Yale and Michigan, spent a year on the National Economic Council as a top telecommunications advisor to President Obama. In her book, she directs much of the blame for the sorry state of the U.S. broadband market at the federal government. &#8220;Instead of ensuring that everyone in America can compete in a global economy,&#8221; she writes, &#8220;instead of narrowing the divide between rich and poor, instead of supporting competitive free markets for American inventions that use information &#8212; instead, that is, of ensuring that America will<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66067&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/crawford-susan.jpg?w=240</featured_image>
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			<media:title type="html">Crawford, Susan</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Google Brings Free Public WiFi to Its New York City Neighborhood</title>
		<link>http://business.time.com/2013/01/09/google-brings-free-public-wifi-to-its-new-york-city-neighborhood/</link>
		<comments>http://business.time.com/2013/01/09/google-brings-free-public-wifi-to-its-new-york-city-neighborhood/#comments</comments>
		<pubDate>Wed, 09 Jan 2013 10:45:08 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Charles Schumer]]></category>
		<category><![CDATA[Chrtistine Quinn]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Michael Bloomberg]]></category>
		<category><![CDATA[New York City]]></category>
		<category><![CDATA[WiFi]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66241</guid>
		<description><![CDATA[Tech giant Google announced Tuesday that it has begun offering free public WiFi internet access in the southwest Chelsea neighborhood of New York City, close to its mammoth headquarters. According to Google, the new service &#8212; which was the product of a public-private effort by the company, city officials, and a local nonprofit development ogranization &#8211; will provide free Internet access to hundreds of thousands of people each year, making it the largest such WiFi network in New York City. Google said that free WiFi is now available &#8212; today &#8212; outdoors, &#8220;roughly between Gansevoort St. and 19 St. from 8th Ave to the West Side Highway, as well as the neighborhood’s public spaces, including the Chelsea Triangle, 14th Street Park, and Gansevoort Plaza.&#8221; The WiFi network will not require a password. “Google is proud to provide free WiFi in the neighborhood we have called home for over six years,&#8221; Ben Fried, the company&#8217;s chief information officer, said in a statement. &#8220;This network will not only be a resource for the 2,000+ residents of the Fulton Houses, it will also serve the 5,000+ student population of Chelsea as well as the hundreds of workers, retail customers and tourists who visit our neighborhood every day.&#8221; (MORE: Is Broadband Internet Access a Public Utility like Electricity and Water?) New York officials praised Google&#8217;s move, calling it a another step toward the city&#8217;s ambitious goal of becoming one of the most important technology hubs in the world. “New York is determined to become the world’s leading digital city, and universal access to high-speed Internet is one of the core building blocks of that vision,” New York City Mayor Michael Bloomberg said in a statement. “Thanks to Google, free WiFi across this part of Chelsea takes us another step closer to that goal.” At a press conference, Bloomberg said that he&#8217;d ultimately like to see similar WiFi service throughout the city. Since moving into 111 Eighth Avenue, the former Port Authority building and one of the most important “telecom carrier hotels” on the East Coast, Google has been working with local<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66241&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Google</primary_category><primary_category_link>http://business.time.com/category/technology-media/google/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3c7s7.jpg?w=240</featured_image>
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			<media:title type="html">Google signage seen at the company&#039;s headquarters in New York.</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<title>What Google&#8217;s FTC Deal Means for the Patent Wars</title>
		<link>http://business.time.com/2013/01/07/what-googles-ftc-deal-means-for-the-patent-wars/</link>
		<comments>http://business.time.com/2013/01/07/what-googles-ftc-deal-means-for-the-patent-wars/#comments</comments>
		<pubDate>Mon, 07 Jan 2013 13:00:23 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Blackberry]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[FRAND]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[intellectual property]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Motorola]]></category>
		<category><![CDATA[patent]]></category>
		<category><![CDATA[patent law]]></category>
		<category><![CDATA[patents]]></category>
		<category><![CDATA[research in motion]]></category>
		<category><![CDATA[Xbox]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65945</guid>
		<description><![CDATA[Google&#8216;s landmark deal with the U.S. government, which was announced last week and ends a two-year federal investigation, has gotten a lot of attention, primarily for the Federal Trade Commission&#8217;s conclusion that Google has not violated antitrust law. But the second component of the pact, in which Google agreed to grant rivals access to certain basic technology patents, is worth scrutiny as well, because it could have important ramifications in the ongoing intellectual property wars that have roiled the technology industry over the last several years. During a press conference, FTC chairman Jon Leibowitz asserted that the patent agreement with Google could serve as a &#8220;template&#8221; for other patent disputes, and could reduce patent litigation &#8212; and litigation costs &#8212; for companies throughout the tech industry. That, of course, would be a good thing, because there is general agreement among tech and legal experts that there is something seriously wrong with the current U.S. intellectual property system, at least with respect to technology patents. Several of the largest tech companies in the world &#8212; including Apple, Google, and Samsung &#8212; are engaged in very costly and time-consuming patent litigation in multiple jurisdictions around the world. And in a remarkable milestone, last year Apple and Google spent more money on intellectual property &#8212; both litigation and defensive acquisitions &#8212; than on research and development. (MORE: Google’s Federal Antitrust Deal Cheered by Some, Jeered by Others) Google&#8217;s $12.5 billion acquisition of Motorola Mobility was one such defensive acquisition &#8212; Google bought the company in part for its vast stable of some 17,000 tech patents &#8212; and that purchase is at the center of the FTC&#8217;s deal with the search giant. In the tech world, there is a certain category of patents called &#8220;standard-essential patents,&#8221; which cover widely used technologies based on industry standards that allow high-tech devices to work together. &#8220;These essential patents and others like them are the cornerstone of the system of interoperability standards that ensure that wireless internet devices and mobile phones can talk to each other,&#8221; Leibowitz said. For example, Motorola owns standard-essential<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65945&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>War for the Web</primary_category><primary_category_link>http://business.time.com/category/technology-media/war-for-the-web/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr2yuel.jpg?w=240</featured_image>
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			<media:title type="html">The Federal Trade Commission building is seen in Washington</media:title>
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		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>Google&#8217;s Federal Antitrust Deal Cheered by Some, Jeered by Others</title>
		<link>http://business.time.com/2013/01/04/googles-federal-antitrust-deal-cheered-by-some-jeered-by-others/</link>
		<comments>http://business.time.com/2013/01/04/googles-federal-antitrust-deal-cheered-by-some-jeered-by-others/#comments</comments>
		<pubDate>Fri, 04 Jan 2013 13:00:04 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[antitrust]]></category>
		<category><![CDATA[Federal Trade Comission]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[monopoly]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65771</guid>
		<description><![CDATA[The U.S. government&#8217;s decision not to file an antitrust lawsuit against Google is a major victory for the search giant, which has been under investigation by the Federal Trade Commission for nearly two years. After what FTC chairman Jon Leibowitz described as &#8220;an incredibly thorough and careful investigation,&#8221; the five commissioners concluded unanimously that they lacked sufficient evidence to charge Google with antitrust violations, in a vindication for legal experts and industry observers who argued repeatedly that the FTC&#8217;s case was weak. The settlement between Google and the FTC, announced Thursday, represents a bitter blow to several of the search giant&#8217;s rivals, including Microsoft, that have been urging government action against the search titan for several years. There is no doubt that Google is dominant. The Web titan based in Mountain View, Calif., accounted for 74.5% of all U.S. search advertising revenues in 2012, according to research firm eMarketer. By contrast, Microsoft&#8217;s share of U.S. search advertising revenues reached just 8% in 2012. Google&#8217;s critics have alleged that the company unfairly demotes rivals in its search-engine results in order to steer users toward Google’s own competing products. But as legal experts have observed, a monopoly in a given market is not, by itself, illegal. What’s illegal is seeking to achieve or maintain a monopoly through anticompetitive practices. And after a long and in-depth investigation — the FTC reviewed more than 9 million pages of documents — federal regulators charged with policing antitrust abuses concluded that Google has not violated U.S. antitrust law. (MORE: In Major Victory, Google Dodges Federal Antitrust Lawsuit with FTC Deal) Reasonable people can and do disagree about whether Google&#8217;s conduct has been anticompetitive, especially with respect to its effort to leverage its Web dominance to make inroads in search verticals such as travel, dining and shopping. And the debate over Google&#8217;s search market power will no doubt continue for years. But as a matter of federal law and policy, this issue is over, at least for now. &#8220;Even though people would like us to bring a big search-bias case, the<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65771&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/158914455.jpg?w=240</featured_image>
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			<media:title type="html">image: U.S. Federal Trade Commission Chairman Jon Leibowitz speaks during a news conference regarding the agency&#039;s 21-month-long investigation on Google January 3, 2013 at the FTC headquarters in Washington, DC.</media:title>
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		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>In Major Victory, Google Dodges Federal Antitrust Lawsuit with FTC Deal</title>
		<link>http://business.time.com/2013/01/02/google-set-to-dodge-federal-antitrust-lawsuit-with-ftc-deal-report/</link>
		<comments>http://business.time.com/2013/01/02/google-set-to-dodge-federal-antitrust-lawsuit-with-ftc-deal-report/#comments</comments>
		<pubDate>Thu, 03 Jan 2013 04:50:43 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[antitrust]]></category>
		<category><![CDATA[Federal Trade Comission]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65652</guid>
		<description><![CDATA[Internet search giant Google has agreed to make voluntary changes to its search business in order to avoid a major federal antitrust lawsuit after a nearly two-year government investigation. The agreement, which was expected, wraps up the Federal Trade Commission&#8217;s probe into whether Google has used its search market power to harm rivals unfairly. &#8220;The conclusion is clear,&#8221; David Drummond, Google&#8217;s senior vice president and chief legal officer, said in a blog post. &#8220;Google’s services are good for users and good for competition.&#8221; A group of Google&#8217;s competitors, including Microsoft and Yelp, had been lobbying the government for several years in an effort to prod federal officials to go after the search giant on antitrust grounds. Google dominates the Web search space, with about 70% market share. Google&#8217;s agreement with the feds, which was announced Thursday, is a significant blow to its rivals, some of which were hoping the federal government would file a high-profile lawsuit against the company, as it did with Microsoft in the 1990s. (MORE: Six Tech/Media Stories to Watch in 2013) As part of the deal, Google will make a set of voluntary commitments to change certain search practices. The company will also enter into what&#8217;s known as a consent decree &#8212; which is a binding judicial order &#8212; over allegations that it misused smartphone patents to thwart rivals. &#8220;The changes Google has agreed to make will ensure that consumers continue to reap the benefits of competition in the online marketplace and in the market for innovative wireless devices they enjoy,&#8221; FTC Chairman Jon Leibowitz said in a statement. &#8220;This was an incredibly thorough and careful investigation by the Commission, and the outcome is a strong and enforceable set of agreements.&#8221; The group FairSearch.org, which represents several Google rivals, including Microsoft, warned the FTC against moving too hastily, because the agency&#8217;s European regulatory counterparts are still crafting their plan to address Google&#8217;s search market power. &#8220;If the FTC fails to take decisive action to end Google’s anti-competitive practices, and locks itself out of any remedies to Google’s conduct that are offered in Europe later<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65652&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr38dpr.jpg?w=240</featured_image>
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			<media:title type="html">Google Executive Chairman Schmidt speaks at a promotional event for Nexus 7 tablet in Tokyo</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>2013: Six Tech/Media Stories to Watch</title>
		<link>http://business.time.com/2013/01/02/tech-and-media-6-business-predictions-for-2013/</link>
		<comments>http://business.time.com/2013/01/02/tech-and-media-6-business-predictions-for-2013/#comments</comments>
		<pubDate>Wed, 02 Jan 2013 10:45:27 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Hollywood]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Venture Capital]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65452</guid>
		<description><![CDATA[In 2013, most tech consumers will be asking if it&#8217;s smart to buy a new computer, smartphone, or tablet device. As the structural shift from desktop to mobile computing races forward, hardware and software manufacturers are searching for an integrated solution. Apple and Google lead the pack on the software front &#8212; even as their surrogates engage in costly and time-consuming patent litigation around the world. Samsung (a key Google partner) is the global handset leader. Apple makes the best-designed consumer devices in the world. Here are six tech/media predictions for 2013. Google Will Settle Antitrust Probe With the Feds &#8212; It&#8217;s time for this nearly two-year investigation to end. As I wrote three months ago, the federal government’s probe of Internet search giant Google will most likely conclude with a settlement that averts a major lawsuit. The Federal Trade Commission has been exploring whether Google has used its search power &#8212; 70% market share &#8212; to harm rival companies unfairly. Google has offered a set of voluntary concessions addressing complaints about its search practices. But after European officials said that they were preparing even harsher sanctions for Google, the FTC punted the probe into this year (2013). If Google and the feds reach a deal, it would represent a huge victory for Google, and a major defeat for the companies that have accused it of acting unfairly. (MORE: Will Google Escape a Federal Antitrust Lawsuit Over Web Search?) Patent Progress Continues &#8211; Isn&#8217;t it just about time for the patent wars to end? Consumers want to see tech giants Apple, Google, and Samsung compete in the marketplace fair-and-square, not bicker in courtrooms around the world. The real winners of the patent wars are the $1,000-per-hour lawyers who represent these global behemoths around the world. For the first time, Apple and Google spent more last year on intellectual property than research and development. That&#8217;s not a good sign. Apple’s $1 billion victory over Google&#8217;s key Android partner Samsung in August was the most decisive victory in Apple’s patent proxy war against Google. Is patent peace possible? It’s worth noting that neither Apple CEO Tim Cook nor Google CEO<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65452&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3azr9-1.jpg?w=240</featured_image>
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			<media:title type="html">New York City Mayor Michael Bloomberg and Senator Charles Schumer  arrive at a joint news conference on Hurricane Sandy Federal Aid Request on Capitol Hill</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>The Top 5 Tech Biz Stories of 2012</title>
		<link>http://business.time.com/2012/12/28/the-top-5-tech-biz-stories-of-2012/</link>
		<comments>http://business.time.com/2012/12/28/the-top-5-tech-biz-stories-of-2012/#comments</comments>
		<pubDate>Fri, 28 Dec 2012 14:12:52 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Hollywood]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Telecom]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[Larry Page]]></category>
		<category><![CDATA[Marissa Mayer]]></category>
		<category><![CDATA[Steve Jobs]]></category>
		<category><![CDATA[Tim Cook]]></category>
		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65235</guid>
		<description><![CDATA[For the first time ever, smartphones outnumber basic mobile phones. Apple&#8216;s iPhone and Google&#8217;s Android devices &#8212; which are more powerful than the top consumer PCs of just a decade ago &#8212; are changing our habits. Consumers are using smartphones to compare prices at brick-and-mortar retailers. Innovative startups are using these devices to make entrenched markets more efficient. And the &#8220;social networking&#8221; phenomenon continues forward, as people everywhere join Facebook and Twitter to connect and share content with friends, relatives, and strangers. In 2012, tech titans Apple and Google solidified their market power, even as questions percolated about how each company plans to remain on top of its respective market. (Google is currently staring down the barrel of a major federal antitrust investigation.) Meanwhile, relative upstarts Facebook, Zynga, and Groupon tested the public stock market and each encountered a harsh response from investors. Far from an apocalypse, 2012 was a year of ascension, as Apple CEO Tim Cook asserted his leadership following the passing of his mentor Steve Jobs, and Marissa Mayer became CEO of Yahoo, in an appointment that highlighted the lack of female CEOs at America&#8217;s most high-profile companies. (MORE: Lessons from Facebook’s Instagram Photo Flap) Apple vs. Google Tech War &#8211; In 2012, it become clear that the most high-profile battle in technology is between Apple and Google, two tech juggernauts that bring radically different visions to the marketplace. As the locus of computing shifts from the desktop to the mobile device, Apple&#8217;s iPhone and Google&#8217;s Android have emerged as dominant platforms. This fight is bigger than just a commercial clash between two tech titans. It’s a war between two fundamentally different visions of technology, described in simplistic terms as closed vs. open. Apple’s model is end-to-end control over the iPhone process, from hardware to software, while Google’s strategy has been to distribute the Android system for free in order to leverage innovation from hardware makers and the software developer community. Each company has been wildly successful: Apple generates over $10 billion in profit annually on iPhone sales, while Google&#8217;s Android is now the top mobile operating system on the planet. Given the intensity<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65235&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/12/28/the-top-5-tech-biz-stories-of-2012/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	<primary_category>War for the Web</primary_category><primary_category_link>http://business.time.com/category/technology-media/war-for-the-web/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/rtr38nna.jpg?w=240</featured_image>
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			<media:title type="html">Facebook CEO Mark Zuckerberg looks on before a meeting with Russian Prime Minister Medvedev at Gorki residence outside Moscow</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Lessons from Facebook&#8217;s Instagram Photo Flap</title>
		<link>http://business.time.com/2012/12/20/lessons-from-facebooks-instagram-photo-flap/</link>
		<comments>http://business.time.com/2012/12/20/lessons-from-facebooks-instagram-photo-flap/#comments</comments>
		<pubDate>Thu, 20 Dec 2012 15:00:32 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[Instagram]]></category>
		<category><![CDATA[Kevin Systrom]]></category>
		<category><![CDATA[Mark Zuckerberg]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=64715</guid>
		<description><![CDATA[If you don&#8217;t follow tech news, you may have missed a bit of a kerfuffle this week involving Instagram, the popular photo service purchased by Facebook for $1 billion in April. Earlier in the week, Instagram announced plans to share your photos with advertisers, in some cases without notice or compensation. Instagram&#8217;s goal was clear: the service has tens of millions of users, but like its parent company Facebook (which has 1 billion users), Instagram is looking for ways to make money off of its users&#8217; content, in this case photos. Keep in mind that at the time Facebook bought Instagram, it was generating zero revenue. Here&#8217;s the language in Instragram&#8217;s proposed policy that set off alarm bells: To help us deliver interesting paid or sponsored content or promotions, you agree that a business or other entity may pay us to display your username, likeness, photos (along with any associated metadata), and/or actions you take, in connection with paid or sponsored content or promotions, without any compensation to you. Legal experts and privacy advocates expressed alarm at Instagram&#8217;s proposed policy. &#8220;This is all uncharted territory,&#8221; Jay Edelson, a partner at the Chicago law firm Edelson McGuire, told Reuters. &#8220;If Instagram is to encourage as many lawsuits as possible and as much backlash as possible then they succeeded.&#8221; Even Facebook CEO Mark Zuckerberg&#8216;s wedding photographer was angry about Instagram&#8217;s plans. Instagram&#8217;s users rebelled with a ferver that was dramatic even by the standards of the Internet, where barely a day goes by without an outraged backlash to some injustice, real or imagined. (Some users were even under the impression that Instragram planned to sell your photos to third parties, which turned out not to be the case.) In short order, Instagram backed off, apologized, and said it would change its proposed policies to address the criticism. &#8220;To be clear: it is not our intention to sell your photos,&#8221; Instagram founder Kevin Systrom wrote. &#8220;We are working on updated language in the terms to make sure this is clear.&#8221; (MORE: A Bunch of Tech Things People Have Threatened<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=64715&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Silicon Valley</primary_category><primary_category_link>http://business.time.com/category/technology-media/silicon-valley/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/rtr3b9qr.jpg?w=240</featured_image>
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			<media:title type="html">Kevin Systrom, Chief Executive of Instagram, the popular photo-sharing app now owned by Facebook speaks during an interview with Reuters at the LeWeb technology conference in Aubervilliers</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Will Google Escape a Federal Antitrust Lawsuit Over Web Search?</title>
		<link>http://business.time.com/2012/12/18/will-google-escape-a-federal-antitrust-lawsuit-over-web-search/</link>
		<comments>http://business.time.com/2012/12/18/will-google-escape-a-federal-antitrust-lawsuit-over-web-search/#comments</comments>
		<pubDate>Tue, 18 Dec 2012 14:00:06 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[antitrust]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[Frank X. Shaw]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[Jill Hazelbaker]]></category>
		<category><![CDATA[Mark Penn]]></category>
		<category><![CDATA[Microsoft]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=64546</guid>
		<description><![CDATA[The end is near! No, we&#8217;re not talking about the Mayan apocalypse, but rather the federal government&#8217;s nearly two-year antitrust investigation of Internet search giant Google. The Federal Trade Commission and the Web titan are nearing a deal that would end the government&#8217;s probe into allegations that Google has used its search market power to harm rival companies unfairly, according to multiple reports. Google is poised to offer a set of voluntary concessions addressing complaints about its search practices, according to a D.C. source familiar with the matter. The agreement, which would mean that the FTC will not file a lawsuit against Google, would represent a huge victory for Google, and a major defeat for those rivals that have accused it of acting unfairly. A resolution to the FTC&#8217;s probe could come as early as this week. Google will reportedly announce voluntary changes to the way it uses so-called “snippets” of user reviews in a number of consumer areas including travel and restaurants, in order to address complaints from rivals like Yelp and TripAdvisor, according to Politico. The search giant will also make it easier for its advertisers to use certain data on rival search engines like Microsoft Bing, Politico said. Google and the FTC have been in talks for several weeks about avoiding full-on federal litigation. Google had been facing the prospect of an FTC lawsuit, in what would have been the most dramatic antitrust action taken by the U.S. government against a major technology company since the Department of Justice sued Microsoft in the 1990s. In recent weeks, federal officials have reportedly begun to waver about the strength of a possible antitrust lawsuit against Google. (For more details on the potential weaknesses of the FTC&#8217;s case, please see here.) (MORE: Google CEO Meets with Feds as U.S. Senator Blasts FTC Over Antitrust Probe) As Google has come to dominate the Internet search space &#8212; with about 70% market share &#8212; several of its competitors have urged federal action against the tech giant. The anti-Google coalition includes the FairSearch consortium, which includes several of Google’s<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=64546&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/rtr39qox.jpg?w=240</featured_image>
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			<media:title type="html">Google&#039;s Executive Chairman Eric Schmidt poses prior to a meeting at the Culture Ministry in Paris</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Apple CEO Tim Cook Announces U.S. Mac Production, Warns: &#8216;Don&#8217;t Bet Against Us&#8217;</title>
		<link>http://business.time.com/2012/12/07/apple-ceo-tim-cook-announces-u-s-mac-production-warns-dont-bet-against-us/</link>
		<comments>http://business.time.com/2012/12/07/apple-ceo-tim-cook-announces-u-s-mac-production-warns-dont-bet-against-us/#comments</comments>
		<pubDate>Fri, 07 Dec 2012 13:00:27 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[patents]]></category>
		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[Steve Jobs]]></category>
		<category><![CDATA[Tim Cook]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=63456</guid>
		<description><![CDATA[What&#8217;s up with Apple CEO Tim Cook? The normally low-key 52-year-old operational wizard, who assumed command of Apple last year following the death of Steve Jobs, has been on something on a publicity tour this week, with a cover story in Bloomberg BusinessWeek and an appearance Thursday night on Rock Center with Brian Williams. Cook&#8217;s media blitz comes at a critical time for Apple, as the company is navigating what will surely be the biggest holiday sales season in its history. Apple is also facing renewed Wall Street scrutiny over the fact that its stock price has fallen by more than 20% over the last three months. Then there are the persistent questions about working conditions at massive Chinese factories run by Foxconn, where most of Apple&#8217;s gadgets are manufactured. Add an increasingly bitter patent fight with hardware giant Samsung &#8212; it&#8217;s widely viewed as a proxy fight against Apple&#8217;s arch-enemy Google &#8212; and it&#8217;s not hard to see why Cook would want to get out there and tell the Apple story from his perspective. In his interview with Brian Williams, which aired Thursday night at 10 p.m. EST, Cook came across as he has in past public appearances: stiff and guarded, with a quiet intensity and seriousness that was punctuated only occasionally by forced smiles. By his own admission, Cook, a native of Robertsdale, Ala., who attended Auburn and Duke and worked his way up the Silicon Valley ranks before being hired by Jobs in 1998, is a &#8220;very private person.&#8221; It&#8217;s clear that he&#8217;s still getting used to his role in the public eye, as CEO of the world&#8217;s most valuable technology company. &#8220;This is kind of your television coming out,&#8221; Williams remarked toward the end of the interview. (MORE: Apple vs. Google Is the Most Important Battle in Tech) The big headline from the interview was Cook&#8217;s disclosure that Apple, which has faced criticism for outsourcing much of the company&#8217;s manufacturing to China, plans to &#8220;do one of our existing Mac lines in the Unites States.&#8221; In the Bloomberg interview Cook said the company plans to spend $100 million<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=63456&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/rtr39hhl.jpg?w=240</featured_image>
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			<media:title type="html">Apple CEO Tim Cook waves to the audience during an Apple event in San Jose</media:title>
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			<media:title type="html">shgustin</media:title>
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