AP – China Mobile Ltd., the world’s biggest phone company by subscribers, said Wednesday it was investing $5.8 billion in a Chinese bank as part of a plan to develop mobile phone banking and business services.

Reuters – LG Electronics Inc, the world’s No. 3 mobile phone maker, on Wednesday launched a smartphone based on Google’s Android operating system in South Korea, as it seeks to boost its relatively weak smartphone line-ups.

PC World – Chip giant Intel, a major backer of the movement to provide mobile WiMax wireless broadband to Internet users around the world, expects the next major release of the technology to be deployed starting in 2012, an executive said Tuesday.

AP – Shares of Cisco Systems Inc., the world’s largest maker of computer networking gear, rose Monday after JP Morgan initiated coverage of the stock with an “Overweight” rating, and investors waited for a Cisco news conference on Tuesday.

Reuters – China has pledged to punish hackers who attacked Google if there is evidence to prove it, but said it has yet to receive any complaint from the world’s top search engine.