Houston, Texas - Four families who allege their teenage daughters were sexually abused by adults they met on MySpace have sued the social networking site and its parent company, News Corporation. [more..]

San Jose, Ca - Apple, with CEO Steve Jobs, on Wednesday reported that earnings for the fiscal first quarter rose 78 percent because strong holiday sales of its iPod music players and Mac computers. [more..]

New York - Two Canadian men who founded the U.K.-based online money transfer company Neteller have been arrested by U.S. authorities and charged with laundering billions of dollars in illegal online gambling proceeds. [more..]

Boston - Despite reported interest by some private investors, including Jack Welch, the former CEO of GE, and advertising executive Jack Connors, the New York Times Co. does not intend to sell The Boston Globe, Janet Robinson, CEO of the parent company, told reporters on Thursday. [more..]

San Francisco - Piczo, an online social network with 10 million mainly younger teen users, announced on Thursday that it has raised $11 million in its third round of venture capital financing. [more..]

Washington - The Onion, the satirical newspaper that has gained a wide following on the Internet, will soon be coming to area newspaper boxes through a deal with The Washington Post. [more..]

Mountain View, Calif. - Meebo, a provider of a Web-based instant messaging service, announced on Thursday that it has raised $9 million in its second round of venture capital financing, led by new investor Draper Fisher Jurvetson and existing shareholder Sequoia Capital. [more..]

Zug, Switzerland - European digital payments firm ClickandBuy announced on Thursday that it has received an undisclosed investment from Intel Capital. [more..]

San Francisco - HandHeld Entertainment, a maker of portable media players, announced on Thursday that it has raised $3.83 million in a private placement of its shares. [more..]

Stamford, Conn. - M2 Media Group, a magazine subscription agency, has acquired the online magazine website BlueDolphin.com from Zinio Systems, for an undisclosed price. [more..]

San Mateo, Calif. - Genius.com, a developer of marketing software and online services, announced on Thursday that it has raised $10 million in its second round of venture capital financing, led by Mohr Davidow Ventures. [more..]

New York - Classical music label Sony BMG Masterworks announced on Thursday that recording artist Yo-Yo Ma has become the first in the label's history to sell more digital than physical copies of an album in its first week on sale. Released on Jan. 9, "Appassionato" hit #1 on Billboard's Top Classical chart, #79 on the Billboard Top 200, and was #4 on iTunes for the week, with 57.1% of all sales made being digital. [more..]

Erlangen, Germany - The Fraunhofer Institute, developers of the MP3 format, on Thursday introduced a new MP3 streaming surround sound format for standalone Internet radios. The module allows 5.1 channel surround sound to be streamed to Web radio players. Fraunhofer said it will demonstrate a new WinAmp MP3 surround plug-in and a Flash-based radio application at the Midem music conference in Cannes, France. [more..]

New York - Sundance Channel on Thursday announced that it has partnered with Google's YouTube to make excerpts of its content available on the video-sharing site in 2007. Content will include "Festival Dailies," produced at the 2007 Sundance Film Festival, and clips from the cable network's original series, films and documentaries. Also available exclusively on YouTube will be a video blog hosted by Crumley and Buice, independent filmmakers who recently screened their latest film within the virtual world "Second Life." [more..]

Park City, Utah - RealNetworks on Thursday announced the launch of its new film and entertainment news site, Film.com, which will offer previews, movie trailers and coverage of TV and celebrity news. Originally founded in 1994 as a film commentary site, the re-launched version includes an editorial team from across the U.S. [more..]

Los Angeles - Video-sharing site GoFish announced on Thursday that it has signed an agreement with Omni Film Distribution that will make Omni's library of over 1,300 feature-length and short films spanning all genres available to GoFish users. Under the terms, GoFish and Omni will share advertising revenue from the videos. [more..]

Herndon, Va. - Ruckus Network, a provider of legal campus media download services, announced on Thursday an agreement with Merit Network, which provides broadband access in Michigan colleges, to offer the Ruckus service for free to Michigan college students. Virginia-based Ruckus provides its multimedia download service, which features a library of more than 2.1 million songs and videos, at more than 100 colleges and universities -- including Princeton, Brown and UC Berkeley. [more..]

Dulles, Va. - AOL announced on Thursday that it has added a live streaming video channel from the QVC home shopping network to its AOL Video portal. The QVC TV Live channel is available today, while an on-demand version featuring over 400 clips will launch next week. [more..]

Singapore - Mobile games publisher THQ Wireless said on Thursday that it has signed an agreement with Singapore-based Acme Mobile, which will distribute THQ Wireless titles in Southeast Asia. Acme's Amob.com will offer THQ Wireless titles like "Company of Heroes" and "Saint's Row" through 15 carrier partners in Singapore, Malaysia, Thailand, Indonesia and the Philippines. [more..]

Seattle - Casual game developer and publisher PopCap Games said on Thursday that it has posted its "Heavy Weapon: Atomic Tank" title for purchase and download on Microsoft's Xbox Live Arcade service for the Xbox 360. The company said it added several multiplayer modes to the game exclusively for the Xbox 360 version. [more..]