News bites: IBM and Amazon locked in battle for $600M CIA contract

IBM and Amazon are fighting for a $600 million contract to set up a cloud-computing system for the CIA, illustrating the importance of intelligence-agency business for tech companies, according to The Wall Street Journal.

TV industry executives admitted at an annual cable conference that its promise to offer "TV Everywhere" for consumers hasn't been achieved yet, according to The Associated Press. 

Facebook CEO Mark Zuckerberg faced a tough grilling on Tuesday from angry shareholders upset with the social network's fluctuating stock price, The Wall Street Journal writes.