Technology Report: Google offers rare peek into Web searches

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	11/14/2011
Good afternoon Amazon.com began shipping its Kindle Fire on Monday, a day earlier than it expected and extending its lead time over Barnes & Noble Inc's rival Nook tablet. The $199 7-inch tablet computer may give Apple's costlier iPad some competition but competes most directly with the new Nook. Speaking of meeting expectations, Apple missed theirs when today it launched its iTunes Match service two weeks late, Computerworld reports. The $24.99-per-year iTunes Match debuted alongside the release of iTunes 10.5.1, which fixed one critical security vulnerability that could let attackers push fake software updates to Windows and Mac users. In other news, a University of Illinois research center has awarded a contract valued at more than $188 million to Cray Inc. to build one of the world's most powerful supercomputers, WSJ.com reports. It's an initiative IBM worked on for several years before giving up in August. BMW is set to launch its new i division, a sub-brand that keys on sustainable mobility. The brand's objective is not to sell hundreds of thousands of electric cars but to focus on future transportation (and the electrified world that is rapidly emerging) through groundbreaking innovations, Postmedia reports. LATEST NEWS Google offers rare peek into Web searches November 14, 2011 12:31 PM ET (Reuters) - Google Inc offered a detailed glimpse into its secret process of ranking Internet websites on Monday, publishing for the first time a list of recent tweaks to its closely guarded search algorithm. | Full Article Sprint cuts broadband price after 2 weeks November 14, 2011 01:04 PM ET NEW YORK (Reuters) - Sprint Nextel cut broadband wireless prices for its fastest data service customers after just two weeks to better compete with rivals AT&T Inc and Verizon Wireless in the holiday shopping season. | Full Article Buffett sheds tech aversion with big IBM investment November 14, 2011 02:39 PM ET (Reuters) - Warren Buffett has always made his distaste for technology investments clear, but on Monday he changed his ways in spectacular fashion. | Full Article Schedule set for naming witnesses in AT&T-U.S. trial November 14, 2011 02:56 PM ET WASHINGTON (Reuters) - A special master overseeing the Justice Department's effort to stop AT&T from buying rival T-Mobile USA has issued a schedule for lists of trial witnesses to be drawn up, according to court papers. | Full Article Amazon ships Fire early as competition heats up November 14, 2011 11:53 AM ET (Reuters) - Amazon.com Inc began shipping its Kindle Fire on Monday, a day earlier than it expected and extending its lead time over Barnes & Noble Inc's rival Nook tablet. | Full Article BUSINESS NEWS Wall Street drops on euro-zone recession fears November 14, 2011 02:54 PM ET NEW YORK (Reuters) - Wall Street stocks fell on Monday as euro zone data signaled the region could be facing a recession, adding to worries about Europe's debt crisis. | Full Article Europe could be in worst hour since WW2: Merkel November 14, 2011 02:55 PM ET LEIPZIG, Germany (Reuters) - German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis. | Full Article Lossmaking UniCredit seeks $10.3 billion, axes 6,150 jobs November 14, 2011 02:29 PM ET MILAN (Reuters) - Italian bank UniCredit is to ask shareholders for 7.5 billion euros ($10.3 billion) in new capital, cut 6,150 jobs and retreat from key business areas in a bid to repair its ravaged balance sheet and return to profit. | Full Article Chance of 2012 U.S. recession tops 50 percent: Fed paper November 14, 2011 03:31 PM ET (Reuters) - The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank. | Full Article Olympus approved markup on preferred stock: Nikkei November 14, 2011 01:17 PM ET (Reuters) - Olympus Corp directors approved the purchase of Gyrus Group's preferred stock from a firm that advised the Japanese company's takeover of the British medical products maker, for more than three times the original price just two months after the shares were issued, the Nikkei business daily said. | Full Article U.S. TOP NEWS Supreme Court agrees to hear Obama healthcare law Yemen's Saleh says ready to step down in 90 days Charity linked to Penn State abuse scandal cleans house Syria faces growing world pressure to halt bloodshed Italy's Monti says talks constructive, should stay until 2013 RELATED VIDEO Volcano drone a hovering sentinel for future eruptions "Shaun the Sheep" studios threatens move Dutch innovator sees ice in the desert A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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