Google RELEASES YouTube App and 4 Tech Titans on the Move

The Cheat Sheet

Facebook, Inc. (NASDAQ:FB): Zuckerberg will be able to take some comfort in the kind words of early Facebook investor Reid Hoffman at Monday’s sessions. The LinkedIn co-founder and chairman stated, “I’m a big believer in Facebook’s long-term position. The real question is how will it play out over the next year or two.” The shares traded up $0.52 (2.76%) recently at $19.33.

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Apple Inc.’s (NASDAQ:AAPL) new iPhone will probably break previous sales records. It also could prove to be the moment to drop the shares, according to the Wall Street Journal. The shares traded down $0.74 (0.11%) recently at $662.00.

Google Inc. (NASDAQ:GOOG): Only a day prior to the date Apple is expected to launch a new iPhone, Google released its first iOS YouTube app today. The move, if not the timing, was anticipated: Last month Apple confirmed that its YouTube license ended, and that its own app, included with every iPhone since the device’s 2007 debut, would not appear in iOS 6, which is the upgrade Apple will issue later this month. Owners of the new iPhone, which is being called the “iPhone 5″ by most, and those who upgrade older models to iOS 6, will have the ability to download and install the YouTube app that hit the App Store Tuesday.The shares traded down $6.22 (0.89%) recently at $694.55.

Microsoft Corporation (NASDAQ:MSFT): Chinese Internet company Qihoo 360 (NYSE:QIHU)climbes after online publication TechInAsia reported that the company’s search engine would start using Google’s (NASDAQ:GOOG) advertising system. TechInAsia, who cited Chinese language publication Sina Tech, quoted Qihoo CEO Zhou Hongyi as stating that Qihoo’s search engine will, like Google, deliver paid and unpaid search results. Qihoo is to also use an open platform which will distribute its content to various other sites, according to Zhou. Also, the CEO indicated that Qihoo may have the ability to collaborate with Google, Microsoft, and Sohu.com (NASDAQ:SOHU) in the future, TechInAsia reported. In early trading, Qihoo saw an increase of 85c, or 3.71 percent, to $23.77, while its search engine rival Baidu.com (NASDAQ:BIDU) dropped 19c to $108.97. The shares traded up $0.15 (0.49%) recently at $30.87.

Intel Corporation (NASDAQ:INTC): China is to subsidize energy-saving desktop computers and air conditioners, Xinhua reported late Monday. The country is to spend a combined total of $2.22 billion on the subsidies, according to the publication. The shares traded up $0.23 (0.99%) recently at $23.49.

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