New York - A federal judge has tossed some of the copyright-related claims of damages against Google's YouTube filed by a number of foreign rights owners. [more..]

Mountain View, Calif. - Taking direct aim at Microsoft Windows, Google said that it plans to launch a new lightweight operating system initially targeting netbooks. [more..]

Gutersloh, Germany - German media conglomerate Bertelsmann announced on Wednesday that it has partnered with asset management firm KKR on a new joint venture, which will provide artists and labels with licensing and administration of music rights. [more..]

Washington - The SEC is continuing to investigate Apple's disclosures about CEO Steve Jobs' medical condition, Bloomberg News reported, some seven months after the probe is thought to have begun. [more..]

Los Angeles - Yahoo has settled a lawsuit it filed against the National Football League Players Association (NFLPA), over the payment of licensing fees for use of players' names and statistics in online fantasy football games. [more..]

Madrid - A Spanish court has rejected a motion by copyright society SGAE to shutter a website, ElRincondeJesus.com, that offers links to media files available for download via the eD2K file-sharing network, TorrentFreak reported. [more..]

Menlo Park, Calif. - Netscape co-founder Marc Andreessen and long-time business partner Ben Horowitz have raised $300 million to form a new Silicon Valley-based venture capital firm that plans to provide investments of $50,000-$50 million to technology start-ups. [more..]

New York - At the midway point of 2009, U.S. private equity firms have raised only about one-third of the amount that they raised during the same period of 2008, according to new figures from Dow Jones Private Equity Analyst.
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Chicago - The Printed Blog, a venture that published a print round-up of blog content, has decided to shutter after 16 issues due to "a lack of outside investment capital," founder Josh Karp wrote in a note on the company's blog. [more..]

Kista, Sweden - Nanoradio, a maker of Wi-Fi chips used in cell phones, wireless network cameras, portable media players and gaming devices, announced on Wednesday that it has raised $17.3 million in new financing. [more..]

Chicago - Wordnik, an online dictionary website, has raised $3.7 million in venture capital financing, from nine investors including Elevation Partners' Roger McNamee and Baseline Ventures' Steve Anderson, PaidContent reported, citing a regulatory filing. [more..]

DMW contributor Rohit Bhargava pointed me in the direction of another online video tribute to The King of Pop which in my opinion is even more touching and personal than the Staples Center Memorial and it really shows you how big and global his fanbase really is in a clever way. [more..]

Seattle - Amazon.com has cut $60 off the price of its Kindle 2 e-book reader device, which will now sell for $299, the Associated Press reported. [more..]

San Francisco - Technorati, the provider of a blog search index service, has launched a new service, Twittorati, which aims "to allow people to view the topical geist that the most influential bloggers are tweeting and blogging about." [more..]

Studio City, Calif. - Brilliant Digital Entertainment, the owner of the Kazaa file-sharing service, has announced plans to release a new video service that will allow users to upload and share standard and high-definition videos with the Kazaa community. [more..]

San Mateo, Calif. - Mobile game publisher Glu Mobile said on Wednesday that Greg Ballard will resign as its president and CEO, following six years at the helm. [more..]