LEADING THE DAY: The House Oversight Committee will hold a field hearing in San Jose today to discuss what the government needs to do to promote high-tech business growth. According to a Twitter message from committee chairman Darrell Issa (R-Calif.), Google’s Milo Medin, Microsoft’s Stuart McKee and Rivet Software’s Patrick Quinlan will be witnesses at Monday’s hearing, scheduled for 12 p.m. Eastern time.
Huawei earnings up: In a report released Monday, Huawei said earnings rose 30 percent last year, the Wall Street Journal reported. Overseas revenue rose 34 percent.
The company also released its first ever list of its board members, the Journal reported.
Obama’s Facebook town hall: In addition to President Obama’s town hall at Facebook’s headquarters this week, the company will also hold two panels discussing women in technology and startups. Obama announced his town hall visit to Facebook’s headquarters earlier this month; anyone can submit a question via the White House’s Facebook page.
Facebook’s Palo Alto headquarters is the final stop on the president’s national tour to discuss his deficit plan.
Google closing Google Video: Google sent a letter to users of its Google Video site, saying that all videos must be downloaded by April 29. After that date, users can no longer watch videos on the site, according to a Google e-mail obtained by CenterNetworks. After May 13, downloads will also be disabled.
Users are being encouraged to repost their videos to YouTube, which Google bought in 2006. Google Video has not allowed uploads since 2009.
RenRen IPO: On Friday, RenRen, China’s equivalent of Facebook, filed paperwork registering for an initial public offering. The company hopes to raise up to $583 million, according to a report from the AFP. In its filed paperwork, the company said it has 117 million users and has added about 2 million users in the past three months.
