 | Good afternoon Bit |  |  | Successful childrens' books publisher Nicholas Callaway believes paper is dead and that digital has come of age, writes Mark Egan. But Callaway isn't worried that big publishing houses will eat his lunch. "They don't understand the new medium, they don't have the rights, they don't know how to create the product and they don't know how to get it out to the world," Callaway told Egan. January e-book sales more than doubled from the same month a year earlier, rising 116 percent to $69.9 million, according to the Association of American Publishers. That topped sales of hardcover books, which fell 11 percent from January 2010 to $49.1 million.
Google will probably have to make some changes to how it does business as a result of antitrust scrutiny, in return for the ability to protect what it regards as its necessary freedom to innovate, writes Steve Lohr of The New York Times.
With all of the buzz around Google and privacy, is it any surprise that the company's efforts to develop a mobile app that will identify people's faces in order to access their personal information have stalled? Experts say the novelty of a face recognition app may help attract early adopters. But policies would need to be uncomplicated and straightforward to keep users from abandoning it over privacy concerns, writes CNN's Mark Milian.
While Europe's digital music service Spotify wrangles with music labels for U.S. rights, Rhapsody, the only profitable music streaming service, has added 100,000 subscribers in the last year and managed to dodge a threat from Apple to charge a 30 percent fee on subscriptions sold through its iPhone app, writes Business Insider's Matt Rosoff. Rhapsody president Jon Irwin said his company can differentiate itself going forward through his company's proven and scalable platform, partnerships with companies like Verizon, and a strong editorial presence. | | | LATEST NEWS | | Video game creator sues company for billions | | April 01, 2011 02:18 PM ET | | LOS ANGELES (Hollywood Reporter) - The man who created the first version of the uber-successful "Madden NFL Football" video game is suing Electronic Arts over tens of millions of dollars in owed royalties and potentially billions in profits over the franchise, which has sold more than 85 million copies in the more than 20 years since it hit the marketplace. | Full Article | | Netflix to stream "Glee," "Sons of Anarchy" | | April 01, 2011 02:32 PM ET | | NEW YORK (Hollywood Reporter) - Netflix said Friday that it has expanded a distribution deal with News Corp.'s Twentieth Century Fox that will make some past seasons of U.S. network Fox hit show "Glee" and FX's "Sons of Anarchy," as well as older series, available for instant streaming. | Full Article | | | BUSINESS NEWS
| | Wall Street ends up on solid job figures | | April 01, 2011 04:31 PM ET | | NEW YORK (Reuters) - U.S. stocks started a traditionally healthy month on strong footing on Friday with solid jobs figures, but the S&P 500 may need help to break to new multi-year highs. | Full Article | | Employers step up hiring, jobless rate drops | | April 01, 2011 04:20 PM ET | | WASHINGTON (Reuters) - U.S. employment grew firmly for a second straight month in March and the jobless rate hit a two-year low of 8.8 percent, underscoring a decisive shift in the labor market that should help to underpin the recovery. | Full Article | | Fed's Dudley warns of over-optimism, counters hawks | | April 01, 2011 04:24 PM ET | | SAN JUAN, Puerto Rico (Reuters) - One of the Federal Reserve's most powerful policy makers pushed back against an increasingly hawkish tone from other Fed officials worried about inflation, saying he saw no need for the U.S. central bank to reverse course. | Full Article | | Nasdaq, ICE bid to snatch NYSE from Germans | | April 01, 2011 03:56 PM ET | | NEW YORK (Reuters) - Nasdaq OMX and IntercontinentalExchange bid $11.3 billion for NYSE Euronext in an effort to trump Deutsche Boerse's deal, and pushed their case with an appeal to U.S. patriotism. | 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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