News bites: Startup aims to mine asteroids for precious metals

A new startup plans to mine precious metals from asteroids, The Wall Street Journal reports. The group is backed by Google's Larry Page and Eric Schmidt, director James Cameron and billionaire Ross Perot Jr.  

Google plans to launch an online storage service to compete with Dropbox, Reuters reports. 

An International Trade Commission judge ruled that Microsoft infringed on Motorola Mobility patents with its Xbox game console, Reuters reports.

Facebook's growth slowed in the first quarter as the company prepares for its initial public offering, Bloomberg reports.