Today in Tech: Facebook for business?

July 27, 2011: 11:30 AM ET

Fortune's curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day. 

* Facebook launched a new "Facebook for Business" Web page that teaches smaller merchants how to set up a profile and create Facebook ads and deals. The move comes a week after Google+ shut down company-created profiles, restricting the social network to individual users. (GigaOm)

* Fox Broadcasting (NWS) plans to limit next-day streaming of its shows on Hulu to paying customers of approved cable and satellite distributors and subscribers to Hulu Plus; ABC (DIS) is reportedly thinking about doing the same thing. (The New York Times)

* The Google+ Punch List: 21 items Google (GOOG) must add to its new social network. (Launch)

* Electronic Arts's (ERTS) fiscal first quarter earnings surpassed analyst predictions with a profit of $221 million on revenues of $999 million, compared to the year earlier when it reported profits of $96 million on sales of $815 million. (All Things D)

* Meanwhile, Amazon's (AMZN) second quarter sales climbed 51% to $9.9 billion, while profits dipped 8% to $191 million. CEO Jeff Bezos said in a statement that the Kindle 3G with ads is now the bestselling Kindle model. (TechCrunch)

* Over at The Atlantic Wire, Rebecca Greenfield argues that Apple's (AAPL) recent decision to enforce a 30% cut for all sales made via e-reader apps is a no-win situation for everybody, from customers to e-reader companies themselves. (The Atlantic Wire)

* Why Microsoft (MSFT) won't dump its Bing search engine business. (Redmondmag)

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About This Author
JP Mangalindan
JP Mangalindan
Writer-Reporter, Fortune

With a background in consumer products and pop culture trends, JP Mangalindan has brought his ability to spot the next big things to his coverage of the tech industry for Fortune.com, writing on topics as diverse as the evolution of net neutrality and the influence of social media. A graduate of Fordham University, Mangalindan has written for GQ, Popular Science, Entertainment Weekly, and nymag.com. He lives in San Francisco.

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