Japan’s Panasonic Corp forecast on Monday its full-year operating profit would drop 11 percent to 270 billion yen ($3.4 billion) in the year to March 2012, after the earthquake and tsunami in northern Japan hit production and sales. Like many of its rivals, Panasonic delayed its profit forecast due to lack of clarity about the effects of the quake.
Facebook’s U.S. advertising revenue will total roughly $2.2 billion in 2011, displacing Yahoo Inc to collect the biggest slice of online display advertising dollars, according to a new study. Facebook’s U.S. advertising revenue will give it a 17.7 percent share of the market for graphical display ads that appear on websites, according to a report released on Monday by research firm eMarketer.
The Internet body that oversees domain names voted on Monday to end restricting them to suffixes like .com or .gov and will receive applications for new names from January 12 next year with the first approvals likely by the end of 2012. Experts say corporations should be among the first to register, resulting in domain names ending in brands like .toyota, .apple or .coke. Besides the $185,000 to apply, individuals or organizations will have to show a legitimate claim to the names they are buying.
In the latest cyber security news, hackers temporarily knocked offline a Website run by the British police Serious Organised Crime Agency (SOCA), which targets organized crime in Britain and overseas. Lulz Security, a loosely aligned hacker group which said it brought down the SOCA Website on Monday, has gone after a long list of government and corporate Websites in the past month.
Location-based social network Foursquare has surpassed 10 million users, the two-year-old Web firm announced today on its company blog. TechCrunch reported Foursquare may be raising another funding round, in addition to the $21.4 million it has already raised.