"Asteroids" lands at Universal (Reuters)
Reuters - Universal Pictures has won a four-studio bidding war to pick up the film rights to the classic Atari video game "Asteroids."

How Could YouTube Finally Make Some Dough?
YouTube wants to be your friend. Well, if you’re a media company, that is. The site has been striking deals with programmers like Sony, Lionsgate and MGM, as well as with the ABC Television Network and ESPN TV (both owned...

Facebook plans to simplify privacy settings (AP)
AP - Facebook is overhauling its privacy controls over the next several weeks in an attempt to simplify its users' ability to control who sees the information they share on the site.

Michael Jackson sales surge expected to last months (Reuters)
Reuters - In the days following Michael Jackson's June 25 death, fans flocked to record stores and digital music outlets to purchase one last memory. And merchants say they expect the Jackson sales surge to last for weeks -- maybe even months.

What is Raleigh's Mysterious 'Sewer Creature'?
Video of slimy 'creature' in city's sewer watched millions of times.

Sony struggling as Walkman hits 30th anniversary (AP)

AP - When the Sony Walkman went on sale 30 years ago, it was shown off by a skateboarder to illustrate how the portable cassette-tape player delivered music on-the-go — a totally innovative idea back in 1979.