Today in Tech: iPhone 5 cheaper, voice features, too

February 18, 2011, 1:33 PM UTC

A curated selection of the day’s most newsworthy tech stories from all over the Web. Sign up to get the newsletter in your inbox every morning.

  • President Obama wined and dined many of Silicon Valley’s top execs last night during his first official trip to the San Francisco Bay Area. On the guest list: Apple CEO Steve Jobs, Facebook CEO Mark Zuckerberg, Twitter CEO Dick Costolo, Google CEO Eric Schmidt, Oracle CEO Larry Ellison, Netflix CEO Reed Hastings, Cisco CEO John Chambers, and Yahoo CEO Carol Bartz. The goal was to chat about job creation and education. (San Francisco Chronicle)
  • Zynga is currently raising $500 million at a $10 billion valuation from investors like T.Rowe Price, Fidelity Investments, and Morgan Stanley. (AllThingsD)
  • U.S. antitrust enforcers are checking out Apple’s recently-introduced subscription service terms, which some companies like Rhapsody are railing against. It’s too early to tell whether their preliminary examination will turn into a formal investigation or whether any formal action will be brought against the company. (Wall Street Journal)
  • According to inside sources, Apple is exploring ways to potentially make the next iPhone cheaper and to also include more voice command features to make navigation easier for users who aren’t keen on the virtual keyboard. Also, the company is also considering changing internal components of the device to bring costs down. While this would likely involve a change in say, the camera or memory, it won’t affect the phone’s actual size, as some media outlets have reportedly previously. (RIP, iPhone nano.) Analysts expect the device to hit this summer. (New York Times)
  • And finally on the Apple front, the Cupertino company reportedly plans to build its largest retail store yet in New York’s Grand Central Terminal, bigger even than the Covent Garden location which claims some 40,000 square feet and four stories of space. (TechCrunch)
  • Retail chain Nordstrom has acquired flash sales site HauteLook for $180 million. Since launching in 2007, Hautelook has grown to 4 million members. (TechCrunch)

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