It was a good day for Microsoft and AT&T yesterday, when the carrier opened its …

Microsoft wants consumers to really get its pitch that Windows Phones are more efficient than rival smartphones and can thus create more free time for consumers. To drum up attention for the recently launched Nokia Lumia 900 and HTC Titan II, Microsoft has set up “free-time machines” in New York, San Francisco, and Chicago. They are essentially offering freebies for …

Facebook is acquiring Instagram for $1 billion, covering its flank on mobile photo sharing and ensuring that it’ll have user growth its first few quarters as a publicly traded company. Mark Zuckerberg, Facebook CEO, said in the announcement today: This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so …