Microsoft OPENS New Center and 4 Tech Titans on the Move

Facebook, Inc. (NASDAQ:FB): Yesterday, Amazon.com (NASDAQ:AMZN) announced on its site that it is launching a game development team, called Amazon Game Studios, along with its first title, Living Classics, which has already debuted on Facebook. The company stated that it is moving into social games and that “thanks to Amazon’s know-how, we believe we can deliver a great, accessible gaming experience that gamers and our customers can play any time.” The shares traded down $0.33 (1.51%) recently at $21.59.

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Apple Inc. (NASDAQ:AAPL): Hon Hai Precision Industry claimed that it was in talks with Sharp Corp. (SHCAY) regarding the purchase of a bigger stake in the troubled firm and paying less per share as part of a renegotiated investment deal between the two Apple parts makers, Reuters reports. The shares traded up $0.30 (0.05%) recently at $622.85.

Google Inc. (NASDAQ:GOOG) has placed some of its $40 billion in cash in bonds backed by car loans, recently, plowing hundreds of millions of dollars in into asset-backed securities, which are connected mostly to automobile loans and consumer credit-card payments, according to the Wall Street Journal. The shares traded down $0.65 (0.10%) recently at $642.17.

Microsoft Corporation (NASDAQ:MSFT) has now opened Windows Phone Dev Center, which is a new portal for smartphone developers promising improved performance and ease of use with more markets and support for PayPal, the company wrote in a blog post on Tuesday. Windows Phone Dev Center is an evolution of the now retired App Hub, and it has been redesigned from scratch. The most obvious change is a new user interface, making it easier for developers to submit apps as well as edit their accounts.The shares traded up $0.36 (1.19%) recently at $30.31.

Intel Corporation (NASDAQ:INTC): Anand Chandrasekher, a 25-year veteran at Intel who until last year, was one of a senior vice president of the company and general manager for the Ultra Mobility Group, has now become the chief marketing officer at Qualcomm, the company announced on Aug. 6. He is to report to Steve Mollenkopf, Qualcomm’s president and chief operating officer. The shares traded up $0.28 (1.08%) recently at $26.59.

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