Samsung Electronics reported a record profit, but executives said that may have been the peak for the year as pricing pressures are likely to overwhelm sales growth in the second half.

Motorola reported higher profit and stabilized its long revenue decline, as the company's wager on smart-phones running Google's software began to pay off.

Google said its Internet services in China are functioning properly after a minor overnight disruption.

CEO Steve Ballmer said Microsoft needs to do better in the market for tablet computers that Apple has found success in with the iPad.

Cuomo launched a fraud investigation into the life-insurance industry for practices that allegedly denied families of deceased military personnel and others from collecting cash from their policies.

Panasonic said it will spend up to $9.4 billion to buy all remaining shares in Sanyo Electric and Panasonic Electric Works.

More videogame companies, angling for larger audiences for big-budget online games, are making their products free to play in the hopes they can make more money by charging players for virtual goods.

Telefónica said net profit rose 16% as revenue growth in its Latin American business compensated for a weaker Spanish market.

PartyGaming plans to merge with Austrian sports-book operator Bwin Interactive Entertainment, creating the world's largest listed online-gambling business.

Intel won a key ruling in a suit against the company on behalf of computer buyers, which found no evidence that consumers have been hurt by the company's discounting practices in the market for computer chips.

The U.S. Justice Department accused Oracle of defrauding the federal government on a software contract that involved more than $1 billion in sales.

Nintendo reported its first quarterly loss in more than two years, as Japan's strong currency and a lack of major new products further pinched the videogame maker.

Sony swung to a net profit in the April-June quarter, and raised its earnings forecasts despite the yen's strength that could undermine its competitiveness overseas.

The increasing popularity of smartphones has helped Korea's SK Telecom post a 17% increase in its second-quarter net profit.

Best Buy plans to use Clearwire's higher speed network to power its recently launched Best Buy Connect mobile broadband service, as the consumer-electronics retailer wades further into its wireless industry.

Microsoft, Google and other U.S. tech giants are pushing to streamline Europe's privacy rules in order to offer more remote computing and data-storage services. Some European governments are resisting.

DirecTV is launching its biggest advertising campaign yet for its marquee property, NFL Sunday Ticket, as it faces mounting pressure from pay-television competitors increasingly offering rival NFL packages.

Amazon.com plans to release a cheaper Kindle e-reader next month, said CEO Jeff Bezos, laying out a strategy to go "mass market" with an inexpensive gadget designed to do just one thing: sell digital books from Amazon.

To bolster its green energy business, Panasonic plans to spend at least $8.4 billion to buy out the remaining shares of majority-owned subsidiaries Sanyo Electric and Panasonic Electric Works said.

The chief executive of Essar said the Indian conglomerate is in early talks with Vodafone Group about an initial public offering for their joint venture, Vodafone Essar.