US-NET Summary

Sep 5, 2011, 11:23 p.m.

BEIJING (Reuters) - China's top search engine Baidu Inc is on the lookout for potential acquisitions and investment opportunities in the mobile and cloud computing spaces, its chief financial officer said on Friday. "We constantly assess our business needs and are on the lookout in the industry space for what will be a good fit for us," Jennifer Li also told Reuters in an interview.

Garmin eyes Europe No.1 spot with Navigon

BERLIN (Reuters) - Garmin Ltd is looking to challenge rival TomTom's leading position in the European market for portable navigation devices (PNDs) though its acquisition of Germany-based Navigon, its executive said on Friday. Earlier this year Garmin bought Navigon to grow its role in the European market, traditionally controlled by Dutch TomTom, and to gain more exposure to automotive and mobile businesses.

Upstart gets jump on Amazon in India's nascent e-shopping market

BANGALORE (Reuters) - On some days when they were starting out, the Bansals would get on a motorbike to make the rounds of book warehouses around Bangalore, ride back to their two-bedroom apartment and package up orders for online customers. It was a humble beginning for Sachin Bansal and Binny Bansal, two ex-Amazon.com software developers who set out in 2007 to beat their old employer at its own game long before the world's top online retailer had even drawn up plans to enter the Indian market.

United States loses video game jobs to Quebec

MONTREAL (Reuters) - Outside, the sun is shining, but it is dark in the production room where more than 150 Ubisoft artists, animators and engineers are racing to finish the latest edition of "Assassin's Creed," one of this holiday's hotly anticipated games. They are working not from Ubisoft's headquarters in Paris or California, but in Montreal, Quebec. And they aren't alone. Quebec has become the preferred place for some of the biggest names in video games to set up shop.

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