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Facebook, Inc. (NASDAQ:FB) has begun updating its payments service to make it able to support local currency instead of just “credits,” The New York Post reports. The company intends to sell “subscriptions” to users for the use of specific services and Credits balances will be converted into their respective currencies. The shares traded down $0.31 (0.97%) recently at $31.60.
Featured Reading: Will Facebook Subscriptions Help App Developers CASH IN?
Apple, Inc. (NASDAQ:AAPL) will attempt salvaging its case against Google’s Motorola Mobility. The company will argue before a federal judge the reason it should have the ability to obtain an order barring the sale of some Motorola phones. The decision could affect if Apple can negotiate favorable licensing agreements or not as a result of its legal issues with Motorola and others.
Investing Insights: Is Apple Fearful of Microsoft’s New Tablet?
Microsoft Corporation (NASDAQ:MSFT) has introduced the Windows Phone 8 (Apollo) at a developer’s conference extending its big week. As a result of a revamped kernel, the phone is able to support multi-core processors, removable memory cards, new screen resolutions, and a number of other hardware improvements. It will also support new software including Skype integration, Nokia (NYSE:NOK) mapping software, new enterprise features, an NFC-based mobile payments platform, as well as the being able to customize live tiles.
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