Sector: Technology

TORONTO (Reuters) - Patrick Spence, who resigned this week as global head of sales at struggling BlackBerry maker Research In Motion Ltd, has been hired as chief commercial officer at wireless home audio company Sonos Inc, several sources with knowledge of his plans said.

SAN FRANCISCO (Reuters) - PayPal has made deals with 15 retailers including Toys R Us, J C Penney <JCP.N> and Barnes & Noble <BKS.N> that will allow consumers to pay for purchases with their cellphones while expanding the online payment company's service into additional physical stores.

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million.

LOS ANGELES (Reuters) - Broadcast network NBC rose out of the ratings basement for the first time in eight years to claim third place among 18- to 49-year-olds - the age group prized by advertisers, according to ratings data released on Thursday.

Shares of some top internet companies were down at the close of trading:

(Reuters) - The repercussions from Facebook's botched initial public offering deepened on Thursday as Fidelity Investments found itself dealing with "thousands" of customers with order problems and at least two firms reported tens of millions of dollars in trading-related losses to Nasdaq.

(Reuters) - Morgan Stanley <MS.N> will adjust thousands of trades to ensure no limit orders will be filled at more than $43 a share for Facebook <FB.O> stock from last Friday's botched initial public offering, the firm told its brokers on Thursday, a person familiar with the call said.

Google's Internet search engine receives more complaints about websites believed to be infringing on Microsoft's copyrights than it does about material produced by entertainment companies pushing for tougher online piracy laws.

NEW YORK (Reuters) - Morgan Stanley <MS.N> continues to work through trade orders placed on Friday by brokerage customers in Facebook Inc <FB.O> during the social networking company's IPO, two people familiar with the situation said on Thursday.

(Reuters) - Morgan Stanley <MS.N> will adjust thousands of trades to ensure no limit orders will be filled at more than $43 a share for Facebook <FB.O> stock from last Friday's botched initial public offering, the firm told its brokers on Thursday, a person familiar with the call said.

(Reuters) - Morgan Stanley <MS.N> will adjust thousands of trades to ensure no one pays more than $43 a share for Facebook <FB.O> stock from last Friday's botched initial public offering, the firm told its legion of brokers on Thursday, a person familiar with the call said.

SAN FRANCISCO (Reuters) - PayPal unveiled deals with 15 retailers including Toys R Us, J C Penney <JCP.N> and Barnes & Noble <BKS.N>, helping the online payment giant expand into more physical stores.

(Reuters) - VeriFone Systems Inc <PAY.N> reported a modestly better-than-expected quarterly profit, as its acquisition of Hypercom boosted sales, but the maker of credit card swipe machines forecast third-quarter revenue below analysts' estimates.

NEW YORK (Reuters) - Stocks ended slightly higher in a third session marked by late-day swings, but the Nasdaq fell after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending.

(Reuters) - The repercussions from Facebook's botched initial public offering deepened on Thursday as Fidelity Investments found itself dealing with "thousands" of customers with order problems and at least two firms reported tens of millions of dollars in trading-related losses to Nasdaq.