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Online auction giant eBay has acquired StubHub, an internet tickets marketplace, which deals in tickets for sports and entertainment events. The deal is worth $310 million.
Launched in 2000 and based in San Francisco, StubHub's site managed $400m (£206m) in ticket sales site last year, earning a profit of around $10m (£5m). The secondary ticket market in the US is estimated to have a turnover of $10bn per year.
America's top three newspaper publishing companies are looking to team up to offer advertisers a one-stop clearinghouse for buying online adverts.
Gannett, McClatchy and Tribune want to form a single gateway, codenamed "Open Network", with the intention of challenging the big three portals - Yahoo!, Google and Microsoft - which command the greater share of advertisers' spend.
Accompanied by rapturous applause from Apple's legions of fans, many of whom queued for hours to see him, Steve Jobs unveiled the eagerly awaited iPhone at the Macworld Expo in San Francisco last night.
The new gadget from Apple certainly looks impressive, and will come in 4GB and 8GB versions, costing $499 or $599. It includes a touchscreen with virtual keyboard, a 2 megapixel camera, is WIFI enabled, as well as containing all the functions of an iPod.
Yahoo! has signed a deal with mobile phone network 3 to carry its Go 2.0 mobile service on 3G handsets.
The portal announced the new version of its internet search and content application at the Consumer Electronics Show in Las Vegas on Tuesday; it lets users search for pages, directions, listings, news and more from a single interface.
Backed by the New York Times, the company has gone from strength to strength, and now indexes ads from more than 5,000 jobs boards.
I caught up with CEO Paul Forster to find out more about the company's progress to date, and plans for the future...
Sainsbury’s has blocked the majority of voucher codes on its website, after mischievous customers found they could get massive discounts through a loophole in its coupon campaign.
The supermarket clearly hasn’t learned the lessons provided recently by toy retailer Hamleys, whose warehouses were almost stripped bare by discount-hungry consumers in the week before Christmas.
Marks & Spencer announced its Christmas trading figures today, with like for like sales up by 5.6%, including a 70% increase in online earnings.
The move represents another success story for the etail sector in the 2006 Christmas season, with online sales rising dramatically compared with 2005. More and more shoppers have wisely chosen to avoid the stress and hassle of high street shopping in favour of buying online.
A new study from Holiday Which? has found that people who book their holidays through a high street travel agent are paying over the odds when compared to the deals available online.
I foolishly took a trip into central London on Saturday, to try and find a new cricket bat at Lillywhites. As I’ve been abroad for the past few years and only recently returned to the UK, I didn’t know that the store had undergone some severe changes.
Suffice to say it is not a rewarding experience - particularly for anyone looking for sporting equipment rather than clothing, and for anyone with a pram. It's so full you can hardly get down the aisles, and the one lift it has doesn't go to all floors...
Anyway, this unhappiness could have been avoided, of course, if Lillywhites had its own website and I’d been able to check its selection beforehand.
Developers will get the opportunity to create their own hosted versions of Second Life after its maker Linden Lab announced plans to take the 3D virtual world open-source.
The San Francisco company last night released a version of the software used to access the environment that can be modified by its users under a GNU Public Licence. This means the many SL denizens who have already tinkered with the client through scripts can now help keep SL popular if its population spikes from recent media adulation wane this year.