Lenovo expects Motorola to be profitable in four to six quarters. Sarah Tew/CNET Lenovo recorded a drop in third-quarter profit that beat analysts’ estimates as it expanded its footprint in the smartphone market. The China-based PC giant announced Thursday that net income for the quarter ended December 31 was $253 million, a 4.6 percent decline …

Twitter Recap shows you important tweets you may have missed, with a “while you were away” heading. Twitter One of Twitter’s greatest attractions is that it surfaces tweets in real time and sequentially, making it great for following breaking news. But users are bound to miss something when they step away from the service. To address this issue, Twitter rolled …

Like others in the tech industry, Space X CEO Elon Musk is tinkering with satellite Internet service. CBS Google is cementing its interest in outer space. The company, along with investment firm Fidelity, is pumping $1 billion into SpaceX, the rocket company co-founded by billionaire Elon Musk. The deal, confirmed on Tuesday by SpaceX, is just the latest bet Google …

The Amazon Wallet beta is ending six months after launch. Amazon Amazon will pull the plug on its Amazon Wallet beta on Wednesday, six months after it launched the limited mobile-wallet effort. The Internet retail giant began informing users by email on Tuesday that it is shutting down the beta and removing the app from app stores. The beta’s closure …

AT&T is taking a $7.9 billion loss due to longer life spans for its retirees. AT&T AT&T expects to record a pretax loss of $10 billion in the fourth quarter because its former employees are living longer and certain copper assets have been abandoned. AT&T’s results will include a $7.9 billion charge partly due to costs incurred by changes in …

Dish Network customers got back access to Fox News channels with new carriage contract. Dish Network A pair of Fox News channels returned to Dish Network after a three-week blackout Thursday with the announcement of a new multi-year carriage agreement. The Fox News Channel and Fox Business Network, owned by Rupert Murdoch’s 21st Century Fox, were pulled from Dish’s channel …

Tizen running on a Samsung Z, an as-yet unreleased smartphone. CNET Samsung launched a long-awaited smartphone in India on Wednesday that is powered by Tizen, the electronics giant’s own operating system. Sporting a 1.2GHz dual-core processor, 3.1-megapixel rear-facing camera, and 1,500mAh battery, the Samsung Z1 resembles many other entry-level smartphones already on the market. But what differentiates this handset is …

Google may be getting ready to move into auto insurance quotes. Justin Sullivan, Getty Images Google may finally be ready to launch its auto insurance comparison shopping service in the US, according to an industry analyst. A review of state insurance commission filings by Forrester Research analyst Ellen Carney discovered that an entity doing business under the name Google Compare …

Samsung put a lot of emphasis on its Note 4 in the fourth quarter. CNET Samsung Electronics said Wednesday that it expects its fourth-quarter earnings report to show a decline in operating profit, as the company grapples with increased competition in its core smartphone business. The South Korean electronics giant estimates its operating profit for the quarter will be 5.2 …

Apple’s Beats is being sued by Monster, which partnered in development of the high-end headphones. Josh Miller/CNET Audio equipment maker Monster has filed a lawsuit against Apple’s Beats Electronics, claiming that the high-end-headphone maker’s co-founders allegedly conspired to sever the headphone line from Monster before Apple bought the company last year for $3.2 billion. In a complaint (PDF) filed Tuesday …