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"NFC [near field communications] just adds a new layer for the consumer and merchant on top of a broken system." -- Square COO Keith Rabois at Fortune Brainstorm Tech
* Apple surpassed analyst expectations yet again for the company's third fiscal quarter: profits soared 124.7% to $7.3 billion on sales of $25.6 billion. Also announced by CFO Peter Oppenheimer during the call: the latest major software upgrade to the Mac operating system, OSX Lion, should be available today for download. Update: Apple's Web site has been updated with new MacBook Air models pre-loaded with Lion, too. (Fortune)
|Fears grow over China property flameout|
|How Zuck met Oculus: Facebook's big bet on virtual reality|
|Detroit to auction vacant homes online. Starting bid: $1,000|
|China GDP slows to 7.4% in first quarter|
|Researchers claim to hack fingerprint sensor on Samsung's new Galaxy S5|