Yahoo (NASD: YHOO) is planning a move of its European headquarters from London to Geneva, Switzerland, for tax reasons. Some 70 of its top managers in the UK are told to relocate or lose their jobs, according to Financial Times (FT).

Austin, Texas - Lou Reed is decidedly frosty on the notion of digital music. A classic audiophile. "Technology is making it easier to make things worse," he proclaimed during his keynote interview on Thursday at SXSW, with veteran music producer and 20-year collaborator Hal Willner. "If you are one of those people like me who like 'good sound,' you need good speakers, a good stereo, and (as an artist) your price of recording goes up, because you need a good mic, good cables...If you don't like good sound, go with MP3."

According to research from Beijing-based BDA, based on data from the China Internet Network Information Center, the country had 210 million internet users at the end of 2007, compared to Nielsen/NetRatings findings of 216 million.

New York - Disney (NYSE: DIS) president and CEO Bob Iger believes that the computer will soon replace television as children’s screen of choice. He made the remark at the McGraw-Hill Media Summit in New York yesterday. Iger also stressed how social media was far from a fad, but in fact a part of everyday life for children, according to Broadcasting & Cable.

Spot Runner, an internet company that helps customers in the acquisition of local TV advertising, said today that it has hired Joanne Bradford

Virgin Mobile Canada has already taken aim at former New York governor Eliot Spitzer in an advertisement.

Photo-sharing site Photobucket said today that it would reinstall images of babies in diapers that it had removed for violating the company's terms of servicing outlawing "nudity."

San Francisco - iBloks, a company which creates rich media ads, is in the process of raising a third funding round of up to $2.1 million from Maveron Equity Partners and MEP Associates, according to the website VentureBeat.

San Francisco - Microsoft (NASD: MSFT) is not in talks to include Sony (NYSE: SNE) Blu-ray high-definition DVD technology in its Xbox 360 video game console, according to Aaron Greenberg, group product manager for Xbox 360. Microsoft will, instead, continue to invest in the Xbox Live online service, which lets users rent movies, including ones in high-definition, over the Internet.

Mountain View – Google will announce a new service for web publishers to help them manage their online ad sales and serve ads every time a reader lands on a page, the WSJ reports. "The offering is an early sign of Google's plans to broaden its ad offerings following the completion of its $3.1 billion DoubleClick Inc. acquisition this week."

San Francisco – San Francisco-based software company ShareThis has announced that it's raised $15 million from Draper Fisher Jurvetson, Reservoir Venture Partners, RPM Ventures, and Blue Chip Venture in a second round of funding, CNET reports.

San Francisco – From Reuters: Fans have waited more than six years for "Brawl", the third in the "Smash Bros." series that began in 1999 and has been the only place where Mario can hurt Pikachu.

Los Angeles - Nine Inch Nails pulled in a healthy $1.6 million in revenues during the first week after they released their new album "Ghosts I-IV" Radiohead-style. The release resulted in just under 800,000 transactions and is its first offering since the band's major label contract with Interscope expired last October, including a mix of free and paid downloads, regular CDs and various limited edition versions.