LEADING THE DAY: The Federal Communications Commission has asked AT&T for more information on whether its $39 billion acquisition of T-Mobile will result in a net increase of jobs. The commission said that, to date, AT&T has produced “almost nothing” to support that claim.
AT&T and T-Mobile have said that their proposed merger will create “as many as 96,000 jobs” but haven’t indicated what the net job figures will be, The Washington Post reported.
Apple iPhone 4S on sale today: Apple’s latest handset, the iPhone 4S, hits store shelves today and is expected by some analysts to reach as much as 4 million in sales, Bloomberg reported. The phone has seen impressive pre-order figures, selling 1 million units in the first day and appearing to sell out at carrier Web sites. The final phone of the Steve Jobs era at Apple, the 4S is also the first iPhone to come to Sprint, which is likely to boost sales figures overall.
Microsoft closes Skype acquisition: Microsoft officially closed its acquisition of Skype, the companies announced Thursday, following approval from European Commission. Skype chief executive Tony Bates will become the head of the Skype Division of Microsoft and report directly to Microsoft chief executive Steve Ballmer. Ballmer announced that the company would acquire the telephony company in May in an $8.5 billion deal.
Google earnings up 26 percent: Google reported third-quarter earnings Thursday that topped expectations and announced that Google+ now has 40 million users. Still the Web’s search leader, the company reported $9.72 billion in revenue and $2.73 billion in net income. Shares surged in after-hours trading.
Analysts had been expecting Google’s growth to slow down in the poor economy, and the strong performance is likely to increase confidence in chief executive Larry Page as the company moves to complete its $12.5 billion acquisition of Motorola Mobility.
Hulu auction ends: The auction for Hulu has ended with the streaming video site’s owners ending their push to sell the successful service. In a statement released Thursday, Hulu owners News Corp., Providence Equity Partners and Disney said that they have “terminated the sale process” and look forward to continuing Hulu’s operations.
The decision comes, the Wall Street Journal reported, after a months-long auction process spurred by an unsolicited offer for the company. Citing “people familiar with the situation,” the report said that Google, Dish Network, Amazon and Yahoo had all considered bidding for Hulu.
Apple, Samsung: On the heels of an Australian judge’s order to block sales of the Samsung Galaxy Tab 10.1 in that country, U.S. District Judge Lucy Koh said that the Korean company’s tablets do infringe on Apple patents, Reuters reported. Apple, however, may have difficulty establishing the validity of those patents, she said. Koh said she would deny Apple’s request for an injunction against Samsung tablets based on its utility patents, but did not comment on the company’s patents regarding design. According to the report, Koh said her thoughts on the utility patent were tentative but that she will issue a formal order soon.