COMPANIES

Samsung Galaxy Ace 2, which was unveiled at the 2012 Mobile World Congress (MWC) Monday, is the iteration of Galaxy Ace.

Yahoo has demanded licensing fees from Facebook for use of its technology, the companies said on Monday, potentially engulfing social media in the patent battles and lawsuits raging across much of the tech sector.

Morgan Stanley said it will have to post another $6.52 billion in collateral to counterparties and clearinghouses if Moody's follows through on a warning that it might cut the Wall Street bank's long-term debt rating by up to three notches.

Facebook appears to be gearing up for the launch of new premium ads according to documents that surfaced late last week. The documents reveal that the new Facebook advertisements will be social in that they'll reveal who has liked an advertiser. The ads will pull content from a brand's Facebook Page, rather than requiring separate copy to be written.

Bank of America had attempted to get an $8.5 billion settlement over bad Countrywide mortgage-backed securities approved in New York state court over the objection of some angry investors.

Mercedes Benz unveiled plans on Monday to use Siri, Apple's virtual personal assistant exclusive to the iPhone 4S, to power its electronics system called Drive Kit Plus, which will essentially let drivers access their iPhone apps while driving using voice commands.

Several of the suspect's classmates have identified the gunman as Thomas T.J. Lane, a sophomore or junior at Lake Academy, a nearby school for at-risk children. A Facebook rant leaked online, and several Twitter photos that appear to show the teen brandishing handguns for a webcam, seem to prove that he is the shooter. Officials, however, have yet to release any information about the suspect's identity.

Apple's next-generation tablet, presumably called the iPad 3, could cost about $70 to $80 more than the current price of an iPad 2, if the newest report from MacRumors proves true.

Motorola Solutions (NYSE: MSI) announced on Monday it will buy back $1.17 billion in stock from billionaire activist investor Carl Icahn.

Wang Shu was selected to receive the 2012 Pritzker Prize, becoming the first Chinese to win architecture's highest honor, the Hyatt Foundation, sponsor of the prize, announced Monday.

As smartphone sales continue to surge worldwide and the market ripens with increased spending from consumers, analysts predict Chinese vendors could seize market share with more affordable devices. Huawei and ZTE combined had sold 35 million smartphone sales in the past year.

BP, Britain's No. 1 oil company is said to be negotiating a $14 billion settlement for the Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months in 2010.

Elpida Memory filed on Monday for bankruptcy protection, the largest ever by a Japanese manufacturer.

Apple released a new 30-second TV commercial for its iCloud platform, which wirelessly pushes information such as contacts, calendars, photos, and documents to every iOS device that a user owns.

Joanna Ramos, one of two 11-year-old girls who planned an after-school fight that ended within a minute, died hours later in an intensive care unit, according to reports. Ramos died Friday night after fighting with her Willard Elementary School classmate. She left her after-school program for the pre-planned fight in the alley near her Long Beach elementary, according to the Press-Telegraph.

Nokia has escalated the camera phone competition standard -- two levels above the next level - and has fired up the second day of MWC 2012 with the release of Nokia 808 PureView.

Shares of Micron Technology, the only U.S. maker of PC memory chips, soared 9 percent after the collapse of its Japanese rival, Elpida.

Samsung has unveiled Galaxy Note 10.1 at the Mobile World Congress in Barcelona, Spain, which started Sunday.

Yang Long-san, Apple's nemesis in a battle over the iPad trademark in China, once strutted the expo halls with dreams of market dominance. His company, Proview, may now be in ruins and his most valuable asset a disputed trademark, but those dreams remain intact.

The Apple-made tablet has made rounds on the internet over the months with a host of rumored specifications.

Facebook is accused of accessing text messages of its users but the company has denied the charge by stating that it does not read the content and that the report is misleading.

Samsung Electronics' mobile chief said it aimed to nearly double its smartphone sales in 2012 from last year, stepping up its battle with arch rival Apple Inc.

HSBC Holdings is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.

Live Mas is Taco Bell's new catchphrase, and though the chain says it has been implemented to introduce a new approach to eating, it is also a response to a number of scandals that have plagued the chain in the past year.

Taiwan's HTC, the world's No. 5 smartphone maker, launched a new range of smartphone models on Sunday, hoping the fresh designs will help it to recover some of the lost market share.

Taiwan's HTC, the world's No. 5 smartphone maker, launched on Sunday a new range of smartphone models, hoping the fresh designs will help it to recover some of the lost market share.

The start of the liability trial for the BP 2010 Deepwater Horizon explosion that killed 11 workers and fouled the Gulf of Mexico for months, has been delayed for a week allowing more time for embattled BP and fellow defendants to broker a settlement with U.S. prosecutors.

Sony Corp. declared a return to the smartphone business on Sunday, unveiling its first smartphones under the Sony brand, but warned the group's painful transition would not be as fast as rebranding.

Foxconn has started shipping the highly anticipated iPad 3, ahead of Apple's official unveiling of the tablet in March, according to MacRumors who came across a shipping document on a Chinese Website.