Twitter Loses Ability to Properly Display Instagram Photos  —  Welcome to the Photo Wars.  —  Instagram on Wednesday disabled the ability for Twitter to properly display Instagram photos on its Web site and in its applications.  The move escalates tensions between the two companies …

Nokia Unveils Latest Windows Phone 8 Device: Lumia 620 Packs 3.8 Inch ClearBlack Display, NFC, Costs $249 (Before Taxes)  —  Marko Ahtisaari, Executive VP of Design, Nokia, has unveiled its latest Windows Phone 8 device: the Nokia Lumia 620.  The product design chief was speaking at the LeWeb conference taking place this week in Paris.

Rethinking Mobile First  —  I wrote the Mobile First Web Second blog post a few years ago.  In that post, I talked about apps that were designed to be used on mobile primarily with the web as a companion.  —  There have been a number of startups that have taken that approach and done well with it.

iTunes Gets an Upgrade Without Missing a Beat  —  Apple's iTunes is the world's most popular computer program for playing, managing and buying music, movies and TV shows.  The company estimates the number of copies in active use to be in the high hundreds of millions.

Google's Explainer-in-Chief Can't Explain Apple  —  As Google Inc. battles rivals ranging from Apple Inc. to Internet companies that allege it fixes its search results, Eric Schmidt has become the search giant's peacemaker and explainer-in-chief.  —  Google's former CEO and current executive chairman met …

Apple trader arrested in $1 billion wire fraud  —  Summary: A trader for Rochdale Securities has been arrested over allegations of fraudulent schemes relating to purchases of Apple stock.  —  Charlie Osborne  —  David Miller, a trader for Rochdale Securities, Stamford …

Half of all app store revenue goes to just 25 developers  —  Top app earners carve up $60m pie  —  Apple's App Store and the Google Play store each claim to offer over 700,000 apps to choose from, but only a tiny fraction of them bring in significant revenue for their developers, according to research from analyst firm Canalys.

Facebook snubs ‘Subscribe’ button in favor of Twitter-esque ‘Follow’ on all profile pages  —  Facebook today announced that on every user's Timeline profile page, it's changing “Subscribe,” to “Folllow,” evidently a term it hopes will resonate more with users.

See Trends for 100 more cities  —  Today, we're bringing Trends to 100 more cities around the world including Istanbul, Frankfurt, Guadalajara and Incheon.  With this update, we now surface the ‘most breaking’ news in more than 200 locations.  To view Trends for different locations, just click “Change” in the Trends section.

Philips, LG Electronics, 4 others fined $1.92 billion for EU cartel  —  (Reuters) - Philips, LG Electronics, Samsung SDI and three other firms were fined a record 1.47 billion euros ($1.92 billion) by EU antitrust regulators on Wednesday for fixing prices of TV cathode-ray tubes in two cartels lasting nearly a decade.

HP announces the EliteBook Revolve, a Windows 8 convertible for the business crowd (video)  —  See that laptop up there?  Basically, HP has announced something like that every year for we don't even know how long.  It's always a convertible PC of the traditional sort, one with a fixed screen …

House approves resolution to keep Internet control out of UN hands  —  The House on Wednesday unanimously passed a Senate resolution introduced by Sen. Marco Rubio (R-Fla.) that calls on the U.S. government to oppose government control of the Internet.  —  The 397- vote was meant to send …

News App Circa Launches Web View And Twitter Feed So Everyone Can Read Stories Anywhere  —  We told you about Matt Galligan's news app for iOS, Circa, a few months ago.  Basically, it breaks down “stories” into more consumable chunks so that you can follow something as it happens.

NSFW: Apple's Russian iTunes launch plagued with bug displaying escort/pornography sites  —  “In Soviet Russia, Porn blocks Apple.”  —  It appears Apple's launch of iTunes music and movies in Russia is running into a bit of controversy with several Russian users noticing advertising …

Nokia Maps digitises streets to battle Google's threat  —  Nokia is combining data gathered by lasers and cameras to make interactive 3D images of cities  —  Nokia smells an opportunity.  Maps have become one of the most closely-watched battlegrounds in tech after a user-backlash led Apple …

IDC Raises Tablet Forecast For 2012 And Onward: 122.3M By Year-End, 172.4M By 2013; Android Gains, eReaders Lose  —  Analysts at IDC have today upped their tablet forecast for 2012 and onward, now predicting 122.3 million units for 2012, up from the firm's previous forecast of 117.1 million units.

Prismatic Gets $15M From Jim Breyer And Yuri Milner To Attack The Impossible Problem Of Bringing You Relevant News  —  News aggregation is a glory-less pursuit, where even the companies that do succeed have to grapple with the fact that no algorithm is ever going to be as good as the human brain …

CipherCloud Raises $30M From Andreessen Horowitz For Cloud Encryption Technology  —  CipherCloud has raised a new $30 million round of funding from Andreessen Horowitz for its cloud application security technology.  The investment follows a previous seed round from Andreessen for $1.4 million.

Verizon to start targeted advertising this week, will be optional  —  If you're a customer of Verizon's, you'll want to keep your eyes peeled for an email, text message, or notification mentioning the carrier's new “Verizon Selects” program.  In exchange for sharing your data usage …

Sonos for iOS adds direct device streaming, takes PCs out of the equation (hands-on)  —  Sonos has been steadily reducing our dependency on the computer as the cornerstone of its multi-room audio system, but there's been one link left to cut: local music.  Outside of an AirPlay workaround …

QVC Acquires Social Classifieds Veteran Oodle To Help Power Its Social Commerce Evolution  —  Founded in 2005 by former Excite execs, Oodle quickly became one of the largest aggregators and search engines for classifieds on the Web.  After some bumps and hiccups along the way …

AT&T: We've sold 6.4M smartphones in Q4 already  —  Mobility chief Ralph de la Vega says AT&T is on a record pace for the quarter, and is on track to exceed its expectations for full-year smartphone sales.  —  AT&T is hoping for a happy holiday when it comes to smartphone sales.