Facebook "Secret" to be Revealed this Morning

By: Associated Press Email

Posted: Tue 12:29 PM, Jan 15, 2013

You can "LIKE" KOLO 8 on Facebook by clicking HERE.

SAN FRANCISCO (AP) - Whatever Facebook's big secret is, it'll be revealed today at a "press event."

Some speculation centers on a more robust search feature that would intensify the competition between the social networking giant and its rival Google Inc.

The company has not said what it plans to announce. Last week, it invited bloggers and journalists to "come see what we're building."

The company probably won't be showing off a new office building -unless it decided to make its invitation very literal.

It's also unlikely to be unveiling a much-rumored "Facebook phone" -unless CEO Mark Zuckerberg has changed his mind recently. Last fall, as he'd done on numerous occasions, he publicly shot down speculation that Facebook was building its own smartphone.

Sprint Sues to Stop Dish Clearwire Buyout

Comments are posted from viewers like you and do not always reflect the views of this station.

US Business News

Wal-Mart Plays Catch-Up With Amazon
Wal-Mart is creating a vast new logistics system that includes building warehouses for Web orders, but also uses workers in stores to pack and mail items to customers.
Dish Drops Sprint Pursuit
Dish Network said it won't submit a new offer for Sprint Nextel by its Tuesday deadline, a move that appears to clear the way for the third largest U.S. wireless carrier to be bought by SoftBank of Japan.
Icahn Raises Dell Stake, Urges Tender Offer
Carl Icahn called for Dell to launch a tender offer for up to $16 billion of its shares, and he also bought about 72 million shares, making him the second-largest holder in the company.
FedEx Reins in Expectations
FedEx's earnings were weighed down by restructuring charges in the latest quarter, and the shipping company reined in expectations amid weakness in international package volume.
GM Sticks to China Growth Plan
General Motors is sticking to its plan to quadruple its share of the Chinese market for luxury vehicles by the end of this decade, even as it acknowledged a slowdown in the market and increasing risks there.
Chrysler Bows to Jeep Recall
Chrysler said it would recall 1.56 million Jeeps to strengthen the vehicles, reversing course after initially rejecting a regulator's request for a larger recall after a study found a high rate of fire after collisions.
H&M Plans Online Sales Push
Swedish fashion retailer Hennes & Mauritz is expanding its online sales channels to include several new countries in 2014, as second-quarter net profit fell more than analysts had expected.
Alcatel-Lucent to Slim Down
Alcatel-Lucent plans to rework its balance sheet and significantly tighten its focus to a handful of core businesses, in an effort to return the telecommunications-equipment maker to profitability, the company said.
Wanted: Risk Takers
South Korea is looking to transform a culture that penalizes business failure into one that lets startups thrive, and it's starting by encouraging risk-taking entrepreneurs.
Boeing 787 Makes Unscheduled Landing
A Boeing 787 Dreamliner operated by United Airlines on a flight from Denver to Tokyo made an unscheduled landing in Seattle because of an apparent problem with an engine oil filter. There was no fire.