May 9, 2013, 11:30 AM

Top News

Microsoft Mulling Nook Media LLC Purchase For $1 Billion  —  Microsoft is offering to pay $1 billion to buy the digital assets of Nook Media LLC, the digital book and college book joint venture with Barnes & Noble and other investors, according to internal documents we've obtained.
Laura Hazard Owen / paidContent:
In Nook, Microsoft sees a chance to compete against Amazon and Apple  —  Microsoft already has a stake in Nook Media, and now it is reportedly seeking to buy out the entire company.  In Nook, Microsoft sees a shot at competing against Amazon and Apple — in a way it might not be able to do from scratch.
Ingrid Lunden / TechCrunch:
Reports: Facebook Is Buying Social Mapping And Traffic App Waze For Up To $1B To Court More Mobile Users  —  Facebook appears to be close to making another billion-dollar acquisition to once again ramp up its mobile efforts: according to two reports in the Israeli press at Calcalist …
Ashlee Vance / Businessweek:
Netflix, Reed Hastings Survive Missteps to Join Silicon Valley's Elite  —  On a normal weeknight, Netflix (NFLX) accounts for almost a third of all Internet traffic entering North American homes.  That's more than YouTube, Hulu, (AMZN), HBO Go, iTunes, and BitTorrent combined.
Clare Jim / Reuters:
Apple supplier Pegatron boosts China workforce by 40 percent in second quarter  —  (Reuters) - Pegatron Corp, an assembler of Apple Inc's iPhone and iPad, said it would increase its number of workers in China by up to 40 percent in the second half of the year, fuelling market speculation of a new cheaper iPhone.
Jim Dalrymple / The Loop:
∞ The Loop magazine for iPhone and iPad released  —  The Loop magazine for iPhone and iPad released  —  On New Years Eve last year I said that I had some big plans for The Loop in 2013.  The biggest of those plans is The Loop magazine for iPhone and iPad, which is available from the App Store today.
Kim Zetter / Wired:
Use These Secret NSA Google Search Tips to Become Your Own Spy Agency  —  There's so much data available on the internet, that even government cyberspies need a little help now and then to sift through it all.  So to assist them, the National Security Agency produced a book to help its spies uncover intelligence hiding on the web.
Jamie Rigg / Engadget:
Nokia unveils the touchscreen Asha 501 with new software platform, we go hands-on (video)  —  One or more additional members are expected to join Nokia's Lumia line-up next Tuesday, but today the company has chosen New Delhi as the stage to unveil the Asha 501, a new touchscreen handset …
Eva Dou / Digits:
PC Makers Hopeful on Windows 8 Changes  —  With the PC industry in severe contraction, industry executives seem terribly relieved to have found some optimism to cling to.  —  PC makers in Asia say there is hope yet for Windows 8, the new operating system that even Microsoft Corp. has admitted hasn't been a huge hit.
Microsoft names Corporate Vice President Amy Hood as new Microsoft chief financial officer  —  Former CFO for the Microsoft Business Division succeeds outgoing CFO Peter Klein.  —  Microsoft Corp. today announced that Amy Hood was named Microsoft chief financial officer …
New York Times:
Fwd.Us Raises Uproar With Advocacy Tactics  —  “Move fast and break things” has been the motto at Mark Zuckerberg's Facebook, embodying the Silicon Valley ethos of unapologetically finding new ways to solve old problems.  His latest foray into politics in Washington, however, might be characterized as …
Dean Takahashi / VentureBeat:
Ouya raises $15M from Kleiner Perkins and Mayfield and delays launch  —  Ouya is just a kid on the block alongside the game consoles from Nintendo, Microsoft, and Sony.  But it's graduating to a higher level today as the maker of the $99 Android game console is announcing that it has raised $15 million …
Dan Frommer / SplatF:
AOL vs. Netflix: The Entire Internet In One Simple Chart  —  Dialup out, broadband in.  It doesn't get more clear than this.  —  At the end of March, almost 2.7 million people still subscribed to AOL service, the company reported this morning.  That's about where Netflix stood at the end of 2004.
Apple, Oracle Pay Their CFOs the Most as Cash Hoards Grow  —  Five of the ten best-paid finance chiefs last year work in the technology industry, as executives at companies from Apple Inc. (AAPL) to Google Inc. (GOOG) were rewarded for increasing profit, amassing cash and minimizing taxes.
Jeff Blagdon / The Verge:
EA confirms 10 percent of staff laid off in major restructuring  —  During video game conglomerate EA's most recent earnings call, the company's CFO confirmed that it has laid off the roughly 900 workers whose jobs were rumored to be on the chopping block last month.
Jeff Jordan / Fortune:
Godzilla vs. Mothra, the sequel  —  What happens when two giants collide?  —  FORTUNE — Amazon and Google are on a collision course.  —  When I was at eBay, we had a belief that no one was going to compete with us by replicating exactly what we were doing.  We had first mover advantages and network effects.
More: WiredTweets: @cdixon
Brian Krebs / Krebs on Security:
Trade Sanctions Cited in Hundreds of Syrian Domain Seizures  —  In apparent observation of international trade sanctions against Syria, a U.S. firm that ranks as the world's fourth-largest domain name registrar has seized hundreds of domains belonging to various Syrian entities …

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