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Iran threatens to sue Google over dropping Persian Gulf DUBAI (Reuters) - Iran's Foreign Ministry threatened on Thursday to take legal action against Google for dropping the name Persian Gulf from its Google Maps and leaving the waterway between Iran and Arab states nameless, state television reported. "One of the seditionist acts taken as part of the soft war against the Iranian nation has been Google's shameless act to drop the name 'Persian Gulf' which is ... against historical documents," Foreign Ministry spokesman Ramin Mehmanparast was quoted as saying. ... Morgan Stanley ups Facebook IPO share cap to 5,000 NEW YORK (Reuters) - Morgan Stanley Smith Barney has increased the number of Facebook IPO shares it will allow advisers to allocate to each client account. The firm previously had set a cap of 500 shares per retail client, but told advisers late Thursday afternoon that it had increased the limit to 5,000 shares, according to two sources familiar with the situation, who declined to be named because they are not permitted to speak to the press. A Morgan Stanley spokeswoman declined to comment. (Reporting by Jessica Toonkel,; Jennifer Hoyt Cummings; Editing by Gary Hill) Facebook to price IPO, demand seen strong NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc is expected to price its initial public offering on Thursday to raise more than $16 billion, as strong demand, particularly from retail investors, fuels anticipation of a big pop in the stock when it begins trading Friday on the Nasdaq. Predictions on how much the stock will rise on the first day of trading vary greatly, with some experts saying anything short of a 50 percent jump would be disappointing given the hype over what would be the third-largest initial share sale in U.S. history, after ones by Visa Inc and General Motors Co. ... Facebook's Saverin says to pay millions in U.S. tax (Reuters) - Facebook co-founder Eduardo Saverin said in a statement on Thursday that he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government." Saverin said his decision to renounce his U.S. citizenship and relocate to Singapore was "based solely on my interest in working and living in Singapore, where I have been since 2009." With social media company Facebook poised for a multibillion-dollar initial public offering on Friday, Saverin has been criticized by lawmakers for what they say is dodging U.S. ... Merrill, Morgan Stanley doling out Facebook shares NEW YORK (Reuters) - Santa - or scrooge - has come early for advisers at Bank of America Merrill Lynch and Morgan Stanley Smith Barney. Advisers at the two firms have started to find out how many Facebook IPO shares they are getting, just hours before the social media company is expected to price its initial public offering, according to advisers and clients at the firms. Merrill advisers had until 3 p.m. EDT (1900 GMT) to allocate shares to clients, two advisers said. ... Pinterest financing values company at $1.5 billion (Reuters) - Silicon Valley startup Pinterest raised $100 million from a group led by Japanese online retailer Rakuten Inc, valuing the company at about $1.5 billion and underscoring the huge investor appetite for social-networking companies. The news comes a day before Facebook starts trading as a public company that could be worth more than $100 billion. Pinterest, an online scrapbook where users can "pin" images and follow others, has grown from less than one million users in May 2011 to about 20 million in April, according to IT research house comScore. ... No respite for HP, Dell in Windows 8: BMO (Reuters) - Microsoft's long-awaited launch of the Windows 8 OS may not change the fortunes of PC makers, BMO analysts said, lowering their price targets on the stocks of Hewlett-Packard Co and Dell Inc. PC sales have been tepid for most of the last year. But volumes registered a surprise 1.9 percent growth in the first quarter of this year, according to Gartner. Windows 8 OS's long-awaited launch this year is widely expected to boost PC sales. But BMO was less optimistic. "Windows 8 will prove to be a disappointment, at least out of the gate," analyst Keith Bachman wrote in a note. ... Google revamps U.S. search SAN FRANCISCO (Reuters) - Google is revamping the way it handles searches in the United States to give users quick access to answers without leaving the page, the company said. The new search process is based on what Google calls the "knowledge graph" -- meaning that it tries to pinpoint faster the context surrounding its users' keyword searches. "Over the years, as search has improved, people expect more," said Amit Singhal, vice president of engineering at Google and the head of search, in an interview. "We see this as the next big improvement in search relevance. ... Best of Webby Awards' famous five-word speeches The Webby Awards, an international prize for the best of the internet, will be announced on May 1. An awards gala will be streamed live on May 21, featuring the event's signature five-word acceptance speeches. A selection of the best of previous years' short quips can be found below. � Ad execs say jury still out on Facebook as medium NEW YORK/LONDON (Reuters) - General Motors Inc's decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives say it's far too early to know if the site will take off as an advertising platform. "There's a lot of potential but it's not a slam-dunk," said Martin Sorrell, chief executive of WPP Plc, the world's largest advertising agency. "Showing the impact of branding on Facebook is going to take a long time," he added. Facebook is due to begin trading on Nasdaq on Friday in an initial public offering that will raise about $15. ... Reports: HP poised to eliminate up to 30,000 jobs Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets. Comcast to start charging heavy downloaders extra Comcast Corp., the country's largest Internet service provider, is going to start charging extra when customers go over a certain monthly data limit. Analysis: Facebook can't take Asian growth for granted SINGAPORE (Reuters) - Even as Facebook fever grips investors ahead of the social networking giant's potential $100 billion-plus initial public offering, its breakneck growth in Asia may be slowing as it moves beyond desktop users to those who access the Internet largely or solely from a mobile phone. In March, Facebook revised its own SEC filings to scale back its scope for further growth in India - its third-biggest user base and the largest population it currently has access to - China remains off-limits to Facebook. ... Australia warns of 'bespoke' online child sex abuse Australian police warned Thursday that paedophiles were using Internet live-streaming sites to order "bespoke" child sex crimes for real-time viewing, from countries including the Philippines. Income Inequality Apparently Too Touchy a Subject for TED If you?re plugged into the Internet, chances are you?ve seen a TED talk?the wonky, provocative web videos that have become a sort of nerd franchise. TED.com is where you go to find Facebook COO Sheryl Sandberg explaining why the world has too few female leaders, or Twitter cofounder Evan Williams sharing the secret power of listening to users to drive company improvement. The slogan of the nonprofit group behind the site is ?Ideas Worth Spreading.? NY tech fest heralds Silicon Valley of the east The Big Apple may not have California's weather, but tech fans at New York Internet Week say that in every other way the city is on course to become Silicon Valley 2.0. Sina shares jump on 1st-qtr report Shares of Chinese Internet portal Sina Corp. jumped Wednesday as the company's first-quarter profit beat Wall Street expectations and advertising revenue rose. Companies less wary of personal devices at work-Cisco (Reuters) - Corporate IT departments in the United States are becoming less wary of staff bringing their personal devices to work, a Cisco study showed, although security remains a top concern. Among 600 IT and business executives questioned by Cisco's consulting arm 95 percent said they support employees bringing and using personal devices in the workplace in some way, Cisco's Internet Solutions Business group (ISBG) said on Wednesday. Corporate IT departments have been slow to embrace the trend dubbed 'Bring your own device' (BYOD) because of potential security risks. ... LG demos second generation Google TV at Internet Week New York LG is exhibiting its second generation Google TV at Internet Week New York, a city-wide event showcasing the best of the web which runs from May 14-21 in the Big Apple. Latest version of Google Chrome syncs open tabs across devices in real time The newly released Chrome 19 Stable version of Google Chrome introduces live tab syncing across desktop and mobile versions of the internet browser. Sina results beat view, warns Weibo to eat into second quarter (Reuters) - Sina Corp sounded a bearish note for the coming quarters, warning that further losses may lie ahead because of increased investment into its microblogging platform Weibo, China's version of Twitter. China's largest Internet portal and media website posted a first-quarter loss that was smaller than Wall Street had expected after advertising revenue shot up 9 percent despite a weak domestic market. Its shares rose 7 percent in after-hours U.S. trade on Tuesday. ... GM to drop Facebook ads due to low consumer impact DETROIT/SAN FRANCISCO (Reuters) - General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public. While GM gave no specific reason for dropping Facebook ads, a source familiar with the automaker's plans said the company's marketing executives decided Facebook's ads had little impact on consumers. While GM's decision could be an exception in the advertising world, it marked the first highly visible crack in the Facebook strategy, said Brian Wieser, Internet and media analyst at Pivotal Research Group. ... Facebook raises IPO price as offering nears Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger. Robber Forgets to Log Out of Facebook, Gets Arrested [VIDEO] Two Colombian criminals almost got away with robbing an Internet cafe, but one of them checked Facebook first -- and ended up being identified and arrested because he forgot to log out. Facebook and Twitter Ad Spending to Double by 2016 [REPORT] This week's impending Facebook IPO, which could top $12.7 billion, is sparking questions about the value of Facebook and other social networks. The future of social media ad spending may justify the hype surrounding Facebook, which is geared to being the highest valued U.S. Internet company at IPO.

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