Moscow - Following a Russian court ruling that acquitted the company's former head of copyright infringement, discount music download site AllofMP3.com plans to re-open for business, Reuters reported. [more..]

San Francisco - TorrentSpy.com, the self-proclaimed "largest BitTorrent search engine," has shut off its site to U.S. users in the face of a copyright infringement lawsuit from the Motion Picture Association of America (MPAA), CNET News.com reported. [more..]

Mountain View, Calif. - George Reyes will retire as the chief financial officer of Google, the company said on Tuesday. [more..]

London - NBC Universal announced on Tuesday that it will acquire Sparrowhawk Holdings, which operates a range of global pay-TV channels, from Providence Equity Partners, 3i and management shareholders. [more..]

Dulles, Va. - Federal regulators have cleared AOL's planned acquisition of New York-based Tacoda, a developer of technology that lets advertisers target consumers based on their online behavior. [more..]

San Francisco - The New Jersey teen who found a way to crack Apple's iPhone so it will work on networks other than AT&T's has traded his modified iPhone, for a new car and three new iPhones, from a Kentucky-based mobile phone repair firm, the Associated Press reported. [more..]

Seattle - Over 50 million U.S. adults play family-friendly casual online games with their children or grandchildren, and over 90% believe such games provide an opportunity to bond with or better relate to kids, according to a survey conducted by Information Solutions Group on behalf of casual games publisher PopCap Games. [more..]

Palo Alto, Calif. - Jaxtr, a provider of Internet phone services for social networks and blogs, said on Tuesday that it has raised $10 million in its first round of funding, led by August Capital. [more..]

San Mateo, Calif. - D2C Games, a developer and publisher of downloadable video games, announced on Tuesday that it has raised $6 million in its first round of venture capital financing, led by Rubicon Venture Partners and 755 Capital Partners. [more..]

San Mateo, Calif. - Bluepulse, a provider of mobile social networking services, said on Tuesday that it has raised $6 million in its first round of funding, from VantagePoint Venture Partners. [more..]

Scott Goldberg discusses YouTube's benefits to content owners like NBC, as exemplified by Miss South Carolina in last weekends Miss Teen USA Pageant. [more..]

God help me, I’m going to start Twittering. Now you can see how boring my life is :-) [more..]

Mountain View, Calif. - Google announced on Tuesday that it has signed a multi-year agreement with Time Warner's CNN.com, to serve as the exclusive provider of auction-based contextual advertising on the news site. [more..]

Washington - Washingtonpost.com said on Tuesday that it has signed a content-sharing deal with CBSNews.com for coverage of the 2008 presidential campaigns. [more..]

New York - Fox Television Stations has launched a video-sharing network for local high school sports at websites for its stations in 23 markets, including Los Angeles and Washington, D.C. FoxHiLites.com will solicit both sports-related and general interest videos from high school students, which will become eligible for inclusion on local Fox station broadcasts. [more..]

London - U.K. news publisher Telegraph Media Group said on Tuesday that it has partnered with Internet TV distributor Brightcove, to deliver new Internet video channels on its Telegraph.co.uk website. [more..]

Portland, Ore. - CD Baby, an online retailer of independent musicians' CDs, has added the ability for artists to sell MP3 albums from its site for the same price as the CD version. [more..]

San Francisco - Independent digital music retailer INgrooves on Tuesday announced the launch of its INgrooves Film & Video division, which will initially offer a library of over 2,000 films and videos. [more..]

Santa Monica, Calif. - Ascent Media Group, a provider of creative, digital and technical media services to the media and entertainment industries, announced on Tuesday a strategic alliance with HP, to co-develop and distribute services and technologies to studios, content providers and aggregators that archive, repurpose and distribute media digitally for the multi-channel market. [more..]

Reston, Va. - Cinea, a unit of Dolby Laboratories that provides content-protection technology to the movie and TV industries, announced on Tuesday that News Corp.'s NDS has licensed the company's forensic watermarking technology for use with its video-on-demand and live broadcast products. [more..]

New York - IGA Worldwide, a provider of in-game video advertising, announced on Tuesday a three-year deal to provide ads within games published by U.K.-based Codemasters. [more..]

El Segundo, Calif. - Satellite TV provider DirecTV on Tuesday announced a promotional partnership with Vivendi's Blizzard Entertainment, publisher of the popular "World of Warcraft" massively multiplayer online roleplaying game. [more..]

Redmond, Wash. - Nintendo has shipped "Metroid Prime 3: Corruption" for the Wii console to retailers. [more..]

Foster City, Calif. - Sony Computer Entertainment America on Tuesday announced the North American release of "Warhawk" for PlayStation 3, on both Blu-ray Disc and as a downloadable title from the PlayStation Network. [more..]

Agoura Hills, Calif. - Video game publisher THQ on Tuesday shipped "Are You Smarter Than A 5th Grader?", a PC game based on the surprise hit TV show from Mark Burnett Productions that debuted on Fox in February. [more..]