revenue

That level is almost double the total from three years ago, Bloomberg said, citing a November 21 regulatory filing by a Google subsidiary in the Netherlands. And it allowed Google to cut its overall tax rate almost in half.

Google's action -- moving about 80 percent of its total pretax profit from 2011 to tax-free Bermuda -- isn't illegal. On the contrary, many companies have taken similar steps in recent years to avoid … Read more

It's looking like one of the last vestiges to provide free online national news may be coming to a close. Joining its other paywall comrades, the Washington Post is said to start charging for its online content in 2013, according to the Wall Street Journal.

Inside sources told the Journal that the details are still being ironed out, but most likely the D.C. paper will start charging a subscription fee by next summer.

It's no secret that the newspaper industry is in dire straights. Several papers, like the Rocky Mountain News, have gone belly up and many … Read more

We've heard of betting with virtual currency in Zynga Poker, but how about playing with some bona fide dollar bills?

Zynga made its first move to create real-money gambling games in the U.S. by filing its initial application with the Nevada Gaming Control Board yesterday, according to the Wall Street Journal. Now, the board has to decide whether Zynga will be allowed to hold a gaming license in the state.

The social-gaming giant has made no secret that it'd like to get into the world of real-money gambling. In fact, in October it announced a deal with … Read more

With more than 400 million Firefox users, Mozilla doesn't have a problem with relevance. And with today's disclosure that organization's revenue grew 33 percent to $163.5 million in 2011, the nonprofit organization doesn't have a problem with money.

But it does have a problem with mobile.

So concludes Mitchell Baker, leader of the organization behind the open-source Web browser and other projects designed to keep the Internet free from proprietary constraints. Firefox, which just celebrated its eighth birthday, is the main lever that Mozilla uses to try to keep the Internet open. But Firefox is … Read more

The company found Google generated $20.8 billion in ad revenue in the first six months of 2012, while the whole U.S. print media industry -- newspapers and magazines -- made only $19.2 billion.

Still, it's a pretty interesting indication of … Read more

If you live in South Carolina, there's a very good chance that slipshod state government security has allowed an overseas computer criminal to acquire your Social Security number.

The South Carolina Department of Revenue acknowledged the massive electronic security breach today, saying an electronic intrusion led to 3.6 million Social Security numbers being stolen. The state's population is approximately 4.7 million.

"We are taking immediate steps to protect the taxpayers of South Carolina, including providing one year of credit monitoring and identity protection to those affected," Gov. Nikki Haley said in a statement.

Anyone … Read more

South Korea's Samsung Electronics reported on Friday (local time) a record quarterly profit of $7.4 billion, crediting strong sales of its Galaxy line of smartphones and tablets with making up for weak chip demand.

The electronics giant said its third-quarter operating profit increased 91 percent to $7.39 billion, in line with guidance offered earlier this month. Revenue for the quarter ended September 30 was 52.18 trillion won ($47.5 billion), a 26 percent increase over the same period last year.

The company's Mobile Communications division accounted for half that figure, logging 26.25 trillion won ($… Read more

Just how big is the expected release this Wednesday of the iPhone 5? How about big enough to show up in U.S. GDP growth and account for a sizable chunk of global chip revenues.

Adds to U.S GDP: Let's start with the U.S. economy. "We believe the release of iPhone 5 could potentially add between 1/4 to 1/2 percent-point to fourth quarter annualized [gross domestic product] growth," said JP Morgan in a research note today.

The note continued. "Our equity analysts believe around 8 million iPhone 5's will be sold … Read more

It's been a bad week for Intel.

The earnings warning today capped a week that began ominously when Apple sent out invites for an event -- widely expected to be the unveiling of the iPhone 5 -- that could bury Intel's biggest annual conference.

Call it bad luck, but the three-day Intel Developer Forum will peak on September 12, the same day of the big Apple event (which, by the way, CNET will be live-blogging).

And it's probably not a stretch to say that Apple's announcement will generate a mountain of news before, during, and after … Read more