Reuters - Social networking sites are the
hottest attraction on the Internet, dethroning pornography and
highlighting a major change in how people communicate,
according to a web guru. -- read full article
CNET - Twelve months ago, IBM Research began work on a project to develop an algorithm to help reduce the cost and requirements of virtual desktop storage. -- read full article
AP - Current TV is handing over feedback on the upcoming presidential debates to those who make up so much of the network's programming: its audience. -- read full article
AP - Now that a potential buyer has walked away, the video game publisher behind the popular "Grand Theft Auto" series could remain an independent company for the foreseeable future.
AP - When Hewlett-Packard Co. announced five months ago it was acquiring technology-services firm Electronic Data Systems Corp., Wall Street expected big layoffs from the combined company.
AP - Napster Inc., the online music community that rose from a dorm room project to became the scourge of the global recording industry, is being purchased by Best Buy Inc. for nearly $127 million as the electronics retailer tries to boost its digital music business.
AFP - Democrat Barack Obama has a "tremendous advantage" over Republican John McCain in the race for the White House -- at least in terms of friends on social networking sites, a report showed Monday.
Reuters - Shares of U.S. video game publisher
Take Two Interactive Software Inc plunged nearly 30
percent in premarket trading on Monday after larger rival
Electronic Arts Inc abandoned its takeover bid.
AFP - British mobile phone giant Vodafone is seeking 670 million euros (950 million dollars) in damages from Telefonica for alleged abuse of its dominant position in the 1990s, a company spokesman said Monday.
Reuters - Best Buy Co Inc plans to buy digital
music service Napster Inc for $121 million in cash in an effort
to compete with Apple's dominant iTunes service and its iPod
music players.
Reuters - European Union competition watchdogs
are looking into a planned deal between Internet giants Google
Inc and Yahoo Inc to share some advertising revenue.
CNET - Yelling "Does anyone know the Cowboys score?" into a crowd can yield mixed results. But, starting Monday, telling your phone the same thing could produce a much more dependable answer. -- read full article
AP - Video game publisher Electronic Arts Inc. said Sunday it ended talks to buy smaller rival Take-Two Interactive Software Inc., best known for the "Grand Theft Auto" series of games.
AP - The World Association of Newspapers says it opposes a pending deal on advertising between Yahoo Inc. and Google Inc. The Paris-based group wants European and U.S. regulators to block the deal on antitrust grounds. -- read full article
AFP - US video game giant Electronic Arts announced Sunday it was ending a bitter seven-month battle to acquire "Grand Theft Auto" maker Take-Two Interactive.
