Analysis: More than just Great Firewall awaits Facebook in China

SHANGHAI (Reuters) - When it comes to China, Facebook should consider itself forewarned. Cracking the world's biggest Internet population might seem an obvious ambition for the social networking giant as it trumpets its global growth before a $5 billion initial public offering, but the chances it will succeed look slim.

Optimism springs eternal in Cisco shares ahead of results

NEW YORK/CHICAGO (Reuters) - Cisco's earnings have had a way of crushing the dreams of optimists in the last two years.

Sprint loss widens on iPhone costs

(Reuters) - Sprint Nextel posted a wider quarterly loss, reflecting the higher costs of selling Apple Inc's iPhone. Plus its subscriber growth fell short of expectations, which sent the company's shares down 3.7 percent.

AOL hires chief content officer for troubled Patch

(Reuters) - AOL Inc, which has been investing heavily in content to make up for declining revenue from dial-up Internet access, has hired an executive for the newly created position of chief content officer at its struggling Patch hyperlocal news network.

Silicon Graphics shares dive on margin worries

(Reuters) - Concerns about shrinking profit margins at Silicon Graphics International sparked a sell-off in the company's stock that wiped away a quarter of its value, a day after it posted weak quarterly results and slashed its full-year earnings outlook.

Kaspersky Lab's sales growth slowed in 2011

CANCUN, Mexico (Reuters) - Russia's Kaspersky Lab reported that sales growth slowed substantially last year as the world's No. 4 maker of anti-virus software said its business was starting to mature.

News Corp reaches more phone hacking settlements

LONDON (Reuters) - A further 15 politicians, sportsmen and celebrities reached settlements with the British newspaper arm of Rupert Murdoch's News Corp on Wednesday over a phone hacking scandal that has rocked his global media empire.

Nokia to axe 4,000 jobs, move assembly to Asia

HELSINKI (Reuters) - Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia.

Ericsson sued for $330 million in trade secrets case

(Reuters) - Ericsson, the world's largest telecommunications network equipment maker, has been sued for more than $330 million by Airvana Network Solutions Inc, which accused it of stealing trade secrets and trying to drive it out of business.

Avid shares surge on first profit in 4 years

(Reuters) - Shares of Avid Technology Inc jumped 25 percent to a six-month high after the maker of digital audio and video editing products reported a quarterly profit for the first time in four years.