News Digest: Microsoft says to buy Skype for $8.5 billion

NEW YORK – Microsoft has agreed to buy the popular Internet telephone service Skype for $8.5 billion in the biggest deal in the software maker’s 36-year history.Buying Skype would give Microsoft a potentially valuable communications tool as

News Digest: Skype’s owners set to make $5b: source

NEW YORK – Skype’s owners, led by private equity firm Silver Lake , are set to earn more than three times their investment, for a total capital gain of more than $5 billion, on the sale

News Digest: Disney’s rare revenue miss hurts shares

NEW YORK – Walt Disney Co reported a rare results miss after “Mars Needs Moms” capped a disappointing quarter at the US box office, sending its shares down 3 percent.Strong advertising growth at sports network ESPN

News Digest: Google braces to pay at least $500M in ad probe

SAN FRANCISCO - Google’s lucrative online advertising system is facing a US government investigation that is expected to cost the Internet search leader at least $500 million.The company disclosed the Justice Department probe in a regulatory filing

News Digest: LinkedIn to sell shares for $32 to $35 each in IPO

NEW YORK – Professional networking website LinkedIn Corp. plans to sell shares to investors for $32 to $35 each in an initial public offering, one of the first for a major US social networking site.The company said

News Digest: US says no double standards on 11/9, Mumbai attacks

NEW DELHI– The United States Ambassador to India Timothy J. Roemer Tuesday said his country was not adopting double standards while dealing with 2008 Mumbai attacks and 11/9, 2001, attacks.“From September 11 where we lost 3,000

News Digest: Pakistani tribesmen rally against US

ISLAMABAD — Hundreds of tribesmen on Tuesday rallied in Pakistan’s South Waziristan tribal region against the US Special Forces operation to kill Osama bin Laden and vowed to avenge the killing of the al-Qaida chief.A Taliban

News Digest: Former CNN President Burt Reinhardt dies at 91

ATLANTA - Burt Reinhardt, one of CNN’s first presidents and a television pioneer who is credited with helping to build the global news network in its formative years, died at his home near Atlanta on Tuesday. He

News Digest: China cracks down on illegal surveying, mapping

BEIJING – Chinese authorities mobilized nearly 15,000 people to conduct more than 2,200 law-enforcement operations involved in a nationwide crackdown on illegal surveying and mapping last year, the State Bureau of Surveying and Mapping said Tuesday.

News Digest: France’s Viadeo eyes rapid growth in China

BEIJING – Paris-based Viadeo, Europe’s largest business-oriented online social networking platform, is expecting a rapid increase in its membership in China in the next one to two years. “China’s professional networking industry is to speed up