*

Facebook launched a new “Facebook for Business” Web page that teaches smaller merchants how to set up a profile and create Facebook ads and deals. The move comes a week after Google+ shut down company-created profiles, restricting the social network to individual users. (GigaOm)

* Fox Broadcasting (NWS) plans to limit next-day streaming of its shows on Hulu to paying customers of approved cable and satellite distributors and subscribers to Hulu Plus; ABC (DIS) is reportedly thinking about doing the same thing. (The New York Times)

* The Google+ Punch List: 21 items Google (GOOG) must add to its new social network. (Launch)

* Electronic Arts’s (ERTS) fiscal first quarter earnings surpassed analyst predictions with a profit of $221 million on revenues of $999 million, compared to the year earlier when it reported profits of $96 million on sales of $815 million. (All Things D)

* Meanwhile, Amazon’s (AMZN) second quarter sales climbed 51% to $9.9 billion, while profits dipped 8% to $191 million. CEO Jeff Bezos said in a statement that the Kindle 3G with ads is now the bestselling Kindle model. (TechCrunch)

* Over at The Atlantic Wire, Rebecca Greenfield argues that Apple’s (AAPL) recent decision to enforce a 30% cut for all sales made via e-reader apps is a no-win situation for everybody, from customers to e-reader companies themselves. (The Atlantic Wire)

* Why Microsoft (MSFT) won’t dump its Bing search engine business. (Redmondmag)

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