Washington - The European Commission has found that current U.S. law is in violation of World Trade Organization rules, after an investigation into the effects that U.S. law had on European online gambling services when Congress banned online gambling in 2006. [more..]

Washington - In a first-of-its-kind event, President Obama on Thursday answered questions from the public during an online town hall about the economy. [more..]

Washington - Utah Gov. Jon M. Huntsman, Jr. has vetoed a bill passed by the legislature that would have punished retailers who sold M-rated games or R-rated DVDs to minors, under an amendment to the state's Truth in Advertising statute. [more..]

San Francisco - Twitter, the popular, free microblogging service, plans to begin offering commercial accounts with expanded services as a means of generating revenue. [more..]

New York - Time Warner's AOL is planning to reorganize its struggling Platform-A ad unit within the next few weeks, according to an internal memo published by the blog AllThingsD. [more..]

Washington - For the second time in a year, The Washington Post said on Thursday that it plans to offer many of its employees buyouts in an effort to reduce costs in the face of declining circulation and ad revenue. [more..]

Boston - Visible Measures, a provider of independent third-party measurement for Internet video publishers, advertisers and viral marketers, announced on Thursday that it has raised $10 million in its third round of funding, led by new investor Northgate Capital. [more..]

El Segundo, Calif. - Ripple TV, the operator of a digital content and advertising network for retail locations, announced on Thursday that it has closed a $4 million round of venture capital funding, from Draper Fisher Jurvetson and Trinity Ventures. [more..]

New York - IAC's CollegeHumor Media network of entertainment sites said on Thursday that it has acquired SportsPickle.com.
[more..]

Brussels, Belgium - Radionomy, the provider of a personalized Web radio application, has raised an undisclosed sum of new funding, TechCrunch reported. [more..]

New York - Viacom's MTV Games said on Thursday that its "Rock Band" franchise has surpassed $1 billion in North American retail sales in 15 months, according to NPD Group data. [more..]

Los Angeles - Skype may soon introduce a version of its Internet telephony application for Apple's iPhone, GigaOM reports, adding that the announcement could come at the CTIA mobile industry conference in Las Vegas next week. [more..]

San Francisco - SeeqPod, the provider of a search engine that indexes streaming songs across the Internet, is looking to sell its source code to third-party developers as a means to ensure its technology lives on in the face of pending copyright litigation from the major record labels, Wired.com reported. [more..]

Los Angeles - Alpha Media Group has decided to shutter the print version of music magazine Blender in favor of an online-only edition, in a move that will see the company lay off about 30 employees from the magazine, PaidContent reported. [more..]

Los Angeles - RIM is planning to introduce a TV episode service for its BlackBerry smartphones, and may make the announcement at next week's CTIA wireless industry event, NewTeeVee reported, citing multiple anonymous sources. [more..]

Los Angeles - Television production studio Reveille is launching a 50-episode Web series, "The Guy's Manual," featuring ESPN's Kenny Mayne, TVWeek.com reports. [more..]