In the News: Skype, Google, Greece and more

Microsoft buys Skype for $8.5 billion. Skype CEO Tony Bates will become president of Microsoft Skype.

Google launches license-free Music Beta cloud-based online music service.

Greece is on the brink of another financial disaster.

Android surpasses iPhone in Japan.

Apple and Google face US lawmakers on location tech today.

Bank of America has billions of dollars in new losses at stake.

Foursquare teams with Google to test NFC check-ins.

Hertz raises offer for Dollar Thrifty.

IHOP introduces frozen breakfast line.

Japan scraps plans for new nuclear plants.

LinkedIn sets value of company pre-IPO at $3 billion.

New Yorker launches in-app iPad subscription.

Orbitz eyes European rail travel as growth market.

Southwest Airlines aims to establish toehold in Atlanta.

Subaru launches weather-related ad campaign.

Suzuki warns of tough year ahead.

Tumblr adds share button.

Walmart’s grasp of Massmart gets shakier.

& latest poll gives President Obama only a slight popularity bump from bin Laden killing.