Reuters - Oscar-winning actor Kevin Spacey has accepted a year-long position as a theater professor at Oxford University, the institution said in a posting on its Web site on Friday.

AP - For the first time, Verizon Communications Inc. is set to give discounts to wireless customers who don't have landlines but order Internet or TV service from the phone company.

AP - Microsoft Corp.'s abandoned takeover bid for Yahoo Inc. appears to have culminated with a disheartening thud for those two companies but amounted to yet another coup for online search leader Google Inc.

AP - Miami real estate agent Lucas Lechuga began blogging to share his knowledge of the local market. He didn't bargain for a $25 million defamation lawsuit when he wrote that a Miami developer had gone bankrupt decades ago.

Reuters - The world's No. 2 cellphone maker Samsung is seeking to grow in Finland, the home of top player Nokia, with touch-screen phones, the company said on Friday.

Reuters - Microsoft Corp offered Yahoo Inc $1 billion in cash to buy its search business in a deal that would have delivered $1 billion in additional annual operating income to Yahoo, a source familiar with Microsoft's thinking said on Friday.

AP - Yahoo Inc. became Microsoft Corp.'s takeover prey largely because Google Inc. established such a commanding lead in the Internet's lucrative search advertising market.

Reuters - News Corp's MySpace plans to launch a global redesign next week in an attempt to widen its demographic and boost user engagement on the site, the social networking site said on Friday.