Tech Business Review: Facebook Will Charge For Offers, Intel Will Partner With Cisco

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These were Thursday’s top stories:

Facebook (NASDAQ:FB) reports that it will begin charging businesses for its Offers product, which permits businesses to publish promotions in their fans’ news feeds, while at the same time enlarging its availability to include online-only businesses. The product presents a form of indirect rivalry to Groupon, Inc. (NASDAQ:GRPN). Meanwhile, Facebook has recruited Netflix, Inc. (NASDAQ:NFLX) engineering Vice President John Ciancutti to become its director of engineering.

Don’t Miss: Groupon Starts Dealing With Mobile Payments.

Intel Corporation (NASDAQ:INTC) is readying itself to partner with Cisco Systems, Inc. (NASDAQ:CSCO) through which arrangement it would manufacture the latter’s custom processors, according to Piper. Further, Intel believes that such a deal could bring $1 billion per year.

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Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business