December 8, 2012, 11:50 AM

Top News

Apple Joins Google in $500 Million-Plus Bid for Kodak Patents  —  Apple Inc. (AAPL) and Google Inc. (GOOG) have joined forces to offer more than $500 million to buy Eastman Kodak Co. (EKDKQ)'s patents out of bankruptcy, said two people with knowledge of the situation.
Stephen Shankland / CNET:
Android's Google Now services headed for Chrome, too  —  The all-purpose alert system isn't just for Android.  Google Now is being built into Chrome as well, taking advantage of its notifications system.  —  It looks like Chrome users, not just Android users, will get access to Google Now …
Florian Mueller / FOSS Patents:
U.S. patent office declares ‘the Steve Jobs patent’ entirely invalid on non-final basis  —  For the second time in less than two months, the United States Patent and Trademark Office (USPTO) has issued a first Office action tentatively declaring a key Apple multitouch patent invalid.
Rob Fishman / BuzzFeed:
Google's Lost Social Network  —  How Google accidentally built a truly beloved social network, only to steamroll it with Google+ .  The sad, surprising story of Google Reader.  —  Last October, while hundreds of protesters were encamped in Zuccotti Park, a handful of people occupied …
Apple CEO's Pledge to Make Macs in the U.S. Seen Adding 200 Jobs  —  The pledge by Apple Inc. (AAPL) Chief Executive Officer Tim Cook to invest in making Mac computers in the U.S. will probably create about 200 jobs if he follows the pattern of companies such as Lenovo Group Ltd. and LG Chem Ltd.
John Paczkowski / AllThingsD:
On Legacy iPhones and Cannibalization  —  By continuing to sell legacy iPhones after the debut of the device's latest iteration, Apple, which has long catered to the higher end of the markets it plays in, is extending its reach to price-sensitive consumers.  That's a great way to spur iPhone adoption …
More: Softpedia NewsTweets: @waltmossberg
Rolfe Winkler / Wall Street Journal:
Apple's Power Within  —  Whether Apple's share-price plunge is justified comes down to one question: Is the iPhone maker a hardware or a software company?  Right now, it is more the latter.  And that is why the 22% drop in the shares since their September peak creates an opportunity for investors.
Tweets: @tradefast and @wsj
SEC Urged to Update Disclosure Rules on Netflix Warning  —  U.S. regulators, probing comments posted by Netflix Inc. (NFLX) Chief Executive Officer Reed Hastings on Facebook Inc. (FB)'s site, are being urged to reconsider disclosure rules created years before the advent of social media.

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Douglas MacMillan / Bloomberg: