Netflix (NASDAQ:NFLX) continues to decline after announcing that it expects to lose 1 million subscribers in the current quarter as a result of a 60% price hike on one of its most popular plans.
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Wal-Mart (NYSE:WMT) has purchased mobile ad-targeter OneRiot for an undisclosed amount in an effort to focus more on e-commerce. OneRiot analyzes signals from social networks like Twitter and Facebook in order to deliver targeted ads.
The International Trade Commission has said it will review a judge’s finding that HTC (PINK:HTCCF) infringed upon two Apple (NASDAQ:AAPL) patents. A July ruling determined that HTC had infringed on two of four patents Apple brought before the court. The new commission will review all four patents, and whether the correct interpretation was made on terms with three of them.
eBay’s (NASDAQ:EBAY) new advertising campaign focuses on mobile shopping, using 30-second TV spots, QR codes, and online ads in an effort to get a bigger share of tablet-driven “couch commerce.”
Microsoft (NASDAQ:MSFT) has announced that software written for the x86 chip architecture used by Intel (NASDAQ:INTC) and AMD (NYSE:AMD) won’t run on its new Windows 8 systems, which feature ARM-based (NASDAQ:ARMH) processors.
General Dynamics (NYSE:GD) has won a $1.8 billion fixed-price contract form the U.S. Navy to build two Zumwalg-class destroyers designed for land attacks, scheduled for delivery by February 2018.
Google (NASDAQ:GOOG) is preparing a social and news reader called Propeller after it failed to buy Flipboard. Rumors have the reader posing a serious threat to similar apps offered by Facebook, AOL (NYSE:AOL), and Yahoo (NASDAQ:YHOO).