Apple said Tuesday it sold 37 million iPhones during the last three months of 2011, powering its way to another blowout quarter. The tech giant reported net income of $13.06, or earnings per share of $13.87, on revenue of $46.3 billion in revenue during its fiscal first quarter, easily beating the average analyst estimate of $38.9 billion in sales.  In addition to selling a record number of iPhones, Apple sold 15.4 million iPads, 5.2 million Mac computer and 15.4 million iPods. The iPhone and iPad numbers were well beyond Wall Street forecasts. Looking ahead, Apple said it expects revenue of …

Yahoo Tuesday reported net revenue of $1.17 billion for the fourth quarter, down 3% from the year earlier period and falling below the $1.2 billion analysts had expected. Net income of $296 million, or 24 cents a share, was down 5% from a year ago but in line with analysts’ consensus forecast. Display ad revenue, excluding payments to partners, fell 4% in the quarter to $546 million from a year ago, while search revenue dropped 3% to $376 million.   "Yahoo continued to make progress in the quarter with operating income increasing ten percent year over year," said newly named …

Shopkick, the startup behind the mobile shopping app of the same name, highlighted some holiday and 2011 user data today. The company said the 3 million active shopkick users have viewed more than 1 billion in-app offers since the service was launched last August. The shopkick app (when open) is activated when a user enters a participating store, awarding them “kicks,” or rewards points that can be redeemed for in-store gift cards and other goods. In December alone, partner stores such as American Eagle Outfitters, Best Buy, and Target had 5 million walk-ins from shopkick customers. Other key data points: …

Genneral Motors has awarded its global media operations account toCarat, part of the specialist media and digital group Aegis Media,after an extensive review of the company's global marketing operations. The account carries responsibility for most of GMs global planning and buying operations for consumer-facing media, including broadcast, digital and social media.

Fresh on the heels of its acquisition of Family Fun magazine and digital properties, Meredith just announced the acquisition of Allrecipes.com from Reader's Digest Association in a deal valued at $175 million.

In a surprise move, The Weather Channel Companies has named former Akamai and VivaKi chief, and Yahoo board member David Kenny Chairman-CEO, replacing Mike Kelly, who will remain a "special adviser."

Meredith Tuesday announced its acquisition of Allrecipes.com in a transaction valued at $175 million, more doubling the size of the publisher’s Women’s Digital network to 40 million monthly visitors. Meredith said the move fits with its previously stated strategy to acquire national media brands that provide new audiences and digital platforms that increase scale. It plans to invest in Allrecipes.com to optimize the site for its growing online and mobile audience.  Reader’s Digest Association said in October it was exploring the sale of Allrecipes.com to focus on core brands like Readers’s Digest, Taste of Home, and The Family …

Verizon Communications Tuesday reported a fourth-quarter loss because of a one-time pension charge and higher subsidy expenses from growing iPhone sales. The telecom giant swung to a net loss of $2.02 billion from a profit of $2.64 billion in the year-earlier period, or a loss per share of 72 cents, compared with earnings of 93 cents. Earnings excluding some items, fell to 52 cents from 54 cents a year ago, in line with analyst expectations. Revenue increased 7.7% to $28.4 billion in the quarter, also meeting analyst the average analyst forecast. Verizon Wireless reported the largest number of net …

For some TV viewers, with the NFL's conference championships now completed, we are more than halfway to the Super Bowl. Fox says the overtime NFC Championship game between the New York Giants/San Francisco 49ers pulled in 57.6 million viewers -- which is a little more than half the viewers the Super Bowl has been getting in recent years. The Super Bowl in 2011 won by the Green Bay Packers holds the record for most TV viewers for the game (as well as the most viewers for any single U.S. TV program in history) with 111 million viewers. For its part, …

Dave Hunke, president and publisher of USA Today has assumed the additional role of publisher of USA Weekend. He replaces Chuck Gabrielson, who after more than 35 years with parent Gannett Co., just announced his retirement.