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Facebook announced it will buy Instagram. Verizon, Sprint, AT&T and T-Mobile are teaming up with the U.S. FCC to combat phone theft. Sony expects its net loss to be more than double . HP announced it will add a series of open source-based cloud services.

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AOL agreed to sell over 800 of its patents to Microsoft. Sony will cut ten-thousand jobs. Researchers discovered new Web-based malware attacks. Toshiba has developed hardware that encodes and sends video streams without using CPU or memory.