Seattle - The online retailer Amazon.com reported on Tuesday that profits skyrocketed on strong sales in the third quarter.
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San Francisco - An Indiana woman has sued online social network Facebook, claiming the company is profiting when its users mistakenly send unwanted text messages to mobile phones whose numbers previously belonged to other consumers, the Associated Press reported. [more..]

Redmond, Wash. - Microsoft on Tuesday introduced a new family-friendly Xbox 360 bundle, while will retail for $279 and come with five family-friendly game titles. [more..]

Los Angeles - News Corp.'s MySpace online social network announced on Tuesday that it has partnered with Oberon Media, a cross-platform distributor of casual games, to create a new games channel on MySpace. [more..]

Denver - The best-selling ringtone of 2007 to date is "Buy U a Drank" by R&B artist T-Pain, which has sold over 2.3 million units, Billboard reported, citing data from Nielsen RingScan. [more..]

San Francisco - The Mobile Entertainment Forum (MEF), an industry trade group that includes content providers and mobile content distributors, on Tuesday announced the launch of a global content sales reporting initiative, in an effort to provide more cost-effective, accurate and consistent sales data on the industry. [more..]

Redmond, Wash. - Nintendo has announced that, at the company's request, the Hong Kong High Court has ordered raids on an operation that was distributing "mod chips," which can be added to its DS and Wii game systems to enable support for pirated games. [more..]

London - A website that offered digital sheet music of classical works has been shut down by its owner, after receiving a cease and desist letter from German music publisher Universal Edition, The Register reported. [more..]

Boston - U.S. venture capital investment increased 8% in the third quarter of 2007, compared to the same period last year, to reach about $8 billion, according to the Quarterly Venture Capital Report released on Monday by Dow Jones VentureOne and Ernst & Young. [more..]

Spice Girls just released a new single that is already out there for anyone to listen to on blogs such as Perez Hilton. Too bad it sucks, blogs Jay Baage. [more..]

The amount of UK Internet traffic online retailers receive from social networks increased by 153% between December 2006 and September 2007, blogs Robin Goad of Hitwise UK.
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AOL France reportedly lost 90 of its 140 employees as a part of the company's cost cutting efforts. Many spent their last day on the job creating a single-take music video to the tune of "L'amour a la française." [more..]

New York - Music industry trade publication Billboard announced on Tuesday that it has teamed with iLike, a social music discovery service and popular Facebook application, to create what they say will be the first social media-based music charts. [more..]

San Francisco - RealNetworks, a provider of media delivery technology and content subscription services, on Tuesday announced the launch of a new 3G mobile feature, Multimedia Ringback Services, which lets users incorporate audio, images and video into what callers experience before they are connected. [more..]

Tempe, Ariz. - Limelight Networks, a provider of content delivery network services for digital media, on Tuesday announced the launch of a new service for the delivery of high-definition media and digital content over the Internet. [more..]

London - U.K.-based Blinkbox.com has launched a service that allows users to download movies and TV shows, as well as forward clips to friends, Variety reported. [more..]

St. Louis - Cable TV provider Charter Communications said on Tuesday that it has partnered with Sivoo, a firm that offers multicultural and non-English language programming for the Internet and IPTV, to add international movies and TV shows to its Charter.net Web portal. [more..]

Cupertino, Calif. - Apple is offering a special digital box set featuring longtime digital holdouts Led Zeppelin's entire discography for pre-order exclusively from its iTunes Store. [more..]

McLean, Va. - USAToday.com said on Tuesday that it has launched five new widgets designed to help its readers share news and information through their blogs, social networks and websites. [more..]

San Francisco - CBS Mobile said that it has tapped Medio Systems to add search capabilities, and search-enabled advertising to its CBS Mobile websites. [more..]

Burbank, Calif. - Disney Interactive Studios on Tuesday announced the release of two new music-themed titles featuring TV and recording star Hannah Montana. [more..]