Technology

China Mobile Agrees to Buy 20% of Pudong Development Bank for $5.8 Billion China Mobile Ltd., the world’s biggest phone company by market value, agreed to buy 20 percent of Shanghai Pudong Development Bank Co. for 39.8 billion yuan ($5.8 billion) to expand its electronic-payment business.

AOL Chief Armstrong Targets Web Ad Billions With Sales, Content Hirings AOL Inc. said it’s “laser focused” on getting a share of an estimated $20 billion gap in online advertising, as marketers race to catch up with consumers on the Internet.

Google Chief Says Talks With China's Government Will Yield Results `Soon' Google Inc., in talks with China after saying it will stop censoring Internet search results there, said the discussions will yield results soon.

Telmex Begins Offering Customers Unlimited U.S. Calls to Battle Televisa Telefonos de Mexico SAB, the phone company controlled by billionaire Carlos Slim, began offering unlimited phone calls to the U.S. to keep users from switching to Grupo Televisa SA carriers.

Google Opens Online Store for Business Applications to Attract Developers Google Inc., owner of the most popular Internet search engine, opened an online store that helps developers of business software sell their own programs.

Smartphones Eclipse PCs by 2012 as IPhone, Android Take Off: Chart of Day Demand for Apple Inc.’s iPhone and Google Inc.’s Nexus One will help propel smartphone sales past those of personal computers in two years, Gartner Inc. forecasts.

EMI Music Says Chief Executive Leoni-Sceti to Step Down From Record Label EMI Music, the U.K. recording company controlled by Guy Hands’s Terra Firma Capital Partners Ltd., said Chief Executive Officer Elio Leoni-Sceti will leave the company on March 31.

CNN U.S. Chief Klein Says He Fears Social-Networking Competition, Not TV CNN U.S. President Jonathan Klein said he worries more about competition from social-networking sites like Facebook than rival cable television networks.

America Movil Seeks Shareholder Approval to Pay Dividend, Buy Back Stock America Movil SAB plans to pay a one-time dividend and buy back more of its stock, rewarding investors as the Latin American wireless carrier pursues the region’s largest acquisition this year.

Disney to Sell Tickets That Gain Entrance to Every Theme Park, Iger Says Walt Disney Co., the world’s biggest theme-park operator, will begin selling tickets that will be valid at all of its U.S. parks.