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News Corp. Board Approves Split

Ben Fox Rubin and Saabira Chaudhuri, Reporters, The Wall Street Journal in News on May 24 at 3:37 pm PT

News Corp.’s board approved the company’s separation into two publicly traded entities, moving a step closer to splitting its entertainment businesses from the publishing division.

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Why Tumblr Won’t Move Yahoo’s Needle

Jessica E. Lessin, Reporter, The Wall Street Journal in News on May 24 at 1:24 pm PT

When Yahoo Inc. Chief Executive Marissa Mayer announced that the Internet giant would spend $1.1 billion to acquire blogging site Tumblr, she promised not to “screw it up.” Maybe the young chief should have instead emphasized what the six-year-old fledging startup can do for Yahoo.

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Google Plans to Fund, Develop Wireless Networks in Emerging Markets

Amir Efrati, Reporter, The Wall Street Journal in News on May 24 at 11:35 am PT

Google Inc. is working to connect a billion or more new people to the Internet.

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Fake Magic Tricks Exposed on the Web!

Ellen Gamerman, Reporter, The Wall Street Journal in News on May 24 at 10:58 am PT

How do magicians keep their tricks a secret in the age of the Internet? Sleight of hand, naturally.

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Iran Hacks Energy Firms, U.S. Says

Siobhan Gorman and Danny Yadron, Reporters, The Wall Street Journal in News on May 24 at 7:30 am PT

Iranian-backed hackers have escalated a campaign of cyber assaults against U.S. corporations by launching infiltration and surveillance missions against the computer networks running energy companies, according to current and former U.S. officials.

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Microsoft Prevails Against Google in ITC Xbox Case

Steven D. Jones, Reporter, Dow Jones Newswires in News on May 23 at 5:12 pm PT

A federal trade panel has ruled that Microsoft Corp.’s Xbox doesn’t infringe on wireless patents owned by Motorola Mobility, another in a series of legal decisions that could quiet patent litigation surrounding popular consumer electronic devices.

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Dish Secures $9 Billion in Committed Financing for Sprint Bid

Shalini Ramachandran and Anton Troianovski, Reporters, The Wall Street Journal in Mobile on May 23 at 4:37 pm PT

Dish Network Corp. took one step closer to arranging $9 billion in committed financing for its $25.5 billion bid for Sprint Nextel Corp., according to people familiar with the matter.

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Google Copies Amazon’s Playbook

Greg Bensinger and Amir Efrati, Reporters, The Wall Street Journal in Commerce on May 23 at 3:39 pm PT

Google Inc. co-founders Larry Page and Sergey Brin say they don’t pay much attention to rivals. But the search company increasingly appears to be following Amazon.com Inc.’s lead.