Technology

China Mobile Agrees to Buy 20% of Pudong Development Bank for $5.8 Billion China Mobile Ltd., the world’s biggest phone company by market value, agreed to buy 20 percent of Shanghai Pudong Development Bank Co. for 39.8 billion yuan ($5.8 billion) to expand its electronic-payment business.

Fujitsu Investors Renew Calls for More Information Over Nozoe Controversy Fujitsu Ltd. drew renewed calls from investors to shed more light on the departure of former President Kuniaki Nozoe after the Tokyo Stock Exchange ended a probe into the conflicting reasons given by the company.

JCDecaux Full-Year Net Falls More Than Expected on Worst Advertising Slump JCDecaux SA, the world’s second- biggest seller of outdoor advertising, posted a steeper drop in full-year profit than analysts estimated because of an unprecedented ad crunch.

PCCW Says Chairman Richard Li's Plans to Buy Out Phone Company Are `Dead' PCCW Ltd., linked to a police probe following a court ruling that a buyout bid by Chairman Richard Li had been manipulated, said investors at Hong Kong’s biggest phone company should consider the takeover plan as “dead.”

Telstra Gains on Newspaper Report Breakup Lacks Australian Senate Support Telstra Corp., Australia’s largest phone company, rose the most in almost six months in Sydney trading on a report the government lacks support to pass legislation to break up the former state-owned monopoly.

Google, Facebook Sued Over Patent for Mobile Social-Networking Software Google Inc., owner of the most-used Internet search engine, and Facebook Inc. were sued by a New York company over an invention related to software that lets people join social networks on their mobile phones.

Canon Says China to Be Top Camera Market in 2015, Will Double Stores There Canon Inc. expects China’s camera market to become the world’s largest as early as 2015, overtaking the U.S., its head of the business said.

Lottomatica Shares Advance in Milan on Court Ruling in Scratch & Win Case Lottomatica Group SpA rose as much as 4.8 percent in Milan after the Italian lottery company said a Rome court accepted an appeal in a Scratch & Win case.

Time Warner Cable Urging U.S. Regulators to Block TV Channel Blackouts Time Warner Cable Inc. plans to ask U.S. regulators to block broadcasters from cutting signals during fee disagreements, aiming to avoid disruptions such as Walt Disney Co.’s blackout of the Academy Awards.

Bank of America Hires Nomura's Yosuke Tomimatsu as a Technology Analyst Bank of America Corp., the largest U.S. bank, hired Yosuke Tomimatsu from Nomura Holdings Inc. as an analyst to cover Japan’s Internet services industry, according to an internal memo obtained by Bloomberg News.