Technology

SAN FRANCISCO (Reuters) - McAfee Inc, the No. 2 security software maker, reported better-than-expected profit on Thursday, lifted by growth in its consumer business. [visit site]

SEATTLE (Reuters) - Amazon.com launched a cheaper, wireless-only Kindle on Wednesday, betting that the 9 price will turn its latest electronic reader into a mass-appeal device as Apple Inc's iPad gains ground. [visit site]

WASHINGTON (Reuters) - The Justice Department said on Thursday it sued Oracle Corp, alleging it defrauded the federal government on a software contract in effect from 1998 to 2006 that involved hundreds of millions of dollars in sales. [visit site]

MOSCOW (Reuters) - A court in Russia's far east has ordered an Internet provider to block five sites which it said disseminated extreme views, prompting U.S. Internet giant Google to say on Thursday the move restricted access to information. [visit site]

BANGALORE (Reuters) - Navigation technology company TeleNav Inc warned that a contract renegotiation with its largest customer could lead to a fall in revenue, sending its shares down 16 percent in extended trade. [visit site]

SEATTLE (Reuters) - Microsoft Corp set out its ambitions to dominate the consumer electronics market on Thursday with Windows-powered tablet computers and smartphones designed to beat back advances by Apple Inc and Google Inc. [visit site]

SEOUL (Reuters) - Samsung Electronics Co plans to introduce tablet computers this quarter based on Google's Android operating system, joining a growing list of firms seeking to challenge Apple's popular iPad. [visit site]

SAN FRANCISCO (Reuters) - Google Inc said its earlier report that Internet search services in China were being fully blocked could have been the result of a technical glitch that overstated the problem. [visit site]

(Reuters) - Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter. [visit site]

Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.HELSINKI (Reuters) - An increasingly heated battle in the global smartphone market is set to weigh on handset vendors' profit margins for the rest of the year, analysts said on Friday. [visit site]