 | Good afternoon Bit |  |  | YouTube is working on a major site overhaul to organize its content around "channels" as it positions itself for the rise of Internet-connected TVs that allow people to watch online video in their living rooms, writes the WSJ's Jessica Vascellaro and Amir Efrati. Changes to the homepage will highlight sets of channels around topics such as arts and sports and approximately 20 "premium channels" will feature 5 to 10 hours of professionally-produced original programming a week, according to a Vascellaro/Efrati source.
Dish Network won Blockbuster in a bankruptcy auction for $320 million, further broadening its business beyond satellite TV and setting up a possible showdown with Netflix. The deal covers "substantially all" of the rental chain's business, and likely gives Dish the rights Blockbuster had to stream movies over the Internet, the Blockbuster brand name and customer lists.
A Deutsche Bank estimate that 100,000 Motorola XOOM units were sold over its first two months means the tablet was a flop, writes Business Insider's Jay Yarow. For comparison, Apple sold 300,000 iPads on the first week weekend it was available. BetaNews's Joe Wilcox calls the XOOM a surprising success, noting that the tablet came to market with "huge handicaps, all of which make comparisons to iPad 2 unrealistic". Wilcox says high pricing has been the main deterrent to buying a XOOM.
Google removed the streaming music app Grooveshark from the Android Market, over concerns it was facilitating music piracy, writes The Next Web's Matt Brian. Unlike services Spotify and Rhapsody, music is added to Grooveshark by users.
Analog chips are back in fashion after Texas Instruments hatched a $6.5 billion deal to buy National Semiconductor Corp as it looks to cement its place in the mobile computing explosion, writes Noel Randewich. Analog chips -- which manage power, among other things, in everything from tablets to refrigerators -- look set to gain a new investor following as the industry's growth prospects are reassessed. | | | Judge overturns $625 million Apple patent award | | April 06, 2011 09:17 AM ET | | NEW YORK (Reuters) - A Texas judge has overturned a $625 million patent infringement award against Apple Inc, saying the jury erred in finding the maker of Mac computers used technology owned by Mirror Worlds LLC illegally. | Full Article | | Twitter disables new version of website | | April 06, 2011 05:15 AM ET | | SAN FRANCISCO (Reuters) - Twitter experienced service disruptions on Tuesday, displaying an older version of the social networking website to some users and becoming completely inaccessible to others. | Full Article | | S&P 500 index edges higher on light volume | | April 06, 2011 04:49 PM ET | | NEW YORK (Reuters) - The S&P 500 index inched upward on relatively light volume on Wednesday, with investors adding to winning positions in technology stocks, but avoiding large bets ahead of corporate earnings due next week. | Full Article | | | BUSINESS NEWS
| | Leaders see signs of hope in budget talks | | April 06, 2011 04:57 PM ET | | WASHINGTON (Reuters) - U.S. congressional leaders saw signs of hope on Wednesday for a budget deal that would cut billions of dollars in spending in time to prevent a government shutdown. | Full Article | | In U-turn, Portugal requests EU financial aid | | April 06, 2011 05:08 PM ET | | LISBON (Reuters) - Portugal's caretaker government said on Wednesday it had decided to seek financing from the European Union in an abrupt turnaround after resisting a bailout for months despite sharply deteriorating financial conditions. | Full Article | | NYSE unswayed by Nasdaq; antitrust in spotlight | | April 06, 2011 04:58 PM ET | | NEW YORK (Reuters) - An NYSE Euronext merger with Nasdaq OMX makes little strategic sense whether the Big Board were the buyer or the seller, and antitrust regulators would likely block it, according to a source close to NYSE. | Full Article | | Top M&A law firms at center of new insider case | | April 06, 2011 03:37 PM ET | | NEW YORK/NEWARK, New Jersey (Reuters) - A lawyer and a trader were accused by federal prosecutors of running a 17-year conspiracy to trade on corporate merger secrets stolen from three of the nation's most powerful law firms, in one of the largest U.S. insider trading cases on record. | Full Article | | Wisconsin high court challenger declares victory | | April 06, 2011 04:42 PM ET | | MADISON, Wis (Reuters) - The challenger backed by Democrats and labor unions in a closely-watched Wisconsin election for a Supreme Court judge seat declared victory on Wednesday over a veteran judge backed by Republicans. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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