Reuters: Technology News

1. Facebook shares sink 11 percent as reality overtakes hype
   (Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.

   

   
2. EU offers Google last chance in antitrust case
   BRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine.

   

   
3. Apple, Samsung CEOs in U.S. court talks on patents
   SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd were summoned for court-directed mediation on Monday over the iPhone maker's claims the Korean firm has "slavishly" copied some of its products.

   

   
4. Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources
   SINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings , to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc. , two sources said.

   

   
5. New app identifies faces in photos
   TORONTO (Reuters) - Imagine taking a snapshot of a group of friends and having your smartphone instantly reveal the identity of everyone in the photo.

   

   
6. Pakistan briefly bans Twitter access for "blasphemy"
   ISLAMABAD (Reuters) - Pakistan banned access to Twitter on Sunday because of "blasphemous" material, a Pakistani official said, but normal service was resumed after 12 hours.

   

   
7. Apple,Samsung CEOs in U.S. court talks over patent row
   SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has "slavishly" copied some of its products.

   

   
8. Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
   (Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported.

   

   
9. Google says it has China's approval for Motorola deal
   (Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones.

   

   
10. Historic Facebook debut falls flat
    SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.