San Francisco-- This year’s holiday shopping season appears to be one of the worst in history. Despite retailers’ attempting to lure shoppers with deep discounts, failed to save the final week of holiday shopping was pretty much a bust, as sales dipped throughout most categories on decreasing consumer spending, according to a report from a division of MasterCard Inc.
The cause: A depressing economy combined with poor weather, according to MasterCard’s SpendingPulse 2008 Holiday Wrap-Up Report.
Online holiday sales declined 2.3% from Nov. 1 to Dec. 24, according to the SpendingPulse report from MasterCard Advisors LLC, a subsidiary of payment card company MasterCard Worldwide, says: “It is probably one of the most difficult economic environment combined with unfavorable weather during the last week of shopping made 2008 one of the most challenging holiday shopping seasons in decades,” says Michael McNamara, vice president of research and analysis for SpendingPulse.
London-- Blighty’s culture secretary, Andy Burnham, seeks to impose an Internet rating system on English-language Web sites that mirrors movie-like ratings, and said that he would negotiate with U.S. President-elect Barack Obama’s administration team on drafting international standards for contents against indecency, violence, libel and copyright theft on the websites in a bid to better police the Internet and protect children from harmful and offensive material, Britain’s minister for culture has said.
Washington-- US telecommunications giant Verizon, has been awarded a record judgment by a federal court in the Northern District of California for $33.2 million in a cybersquatting lawsuit against a shady Internet domain services company “ OnlineNIC” that claims to registered hundreds of domain names using Verizon name and trademarks.
A small Indiana based company called “Cygnus Systems” has lodged a patent violation case against three technology heavyweights Google, Microsoft and Apple claiming that it holds the patent on a common “file preview” functionality both in web browsers, and operating systems, which enables users to a brief preview of files before they actually opened them.
Beijing-- Sina Corp., China's major internet media portal, agreed to acquire core assets of Focus Media Holding Ltd.'s digital outdoor advertising networks business at a deal that could be valued at $1.37 billion in stock, a bold attempt to seek a growth engine for its advertising revenues.
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Helsinki-- World’s leading mobile phone maker Nokia on Sunday cleared one of the key obstacles for adopting its new Internet offering, and is gearing toward completing its Ovi service suite -- making it easier for their customers to log into their online service network Ovi.com.
New York -- Discussions between Warner Music Group ordered YouTube last weekend to pull down all music videos by its artists from the popular online video-sharing site after renegotiations over royalties licensing agreement for the record label’s music videos broke down Saturday.
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New York -- Google and Facebook on Thursday independently announced the general availability of their rival technology platforms that is designed to infuse websites with trendy social-networking features widely across the web.
San Francisco -- MySpace, the world’s leading social network site, a division of News Corp., and RipCode, the pioneer in offering Internet and mobile video system solutions, announced today that MySpace Mobile users worldwide will now be able to enjoy MySpace video content from their video enabled mobile devices while they walk and watch TV at the same time.
Barcelonan -- With more than four billion mobile phones in use globally, Nokia, the leading mobile device maker, on Tuesday at its annual Nokia World conference in Barcelona, has announced the latest versions of its upcoming mapping and navigation platform, along with a new messaging service in an effort to build out its mobile services.
San Francisco -- Social networking giant
New York -- The sphere of patent lawsuits has moved out of control. The most latest and bizarre patent lawsuit issues from EMG Technology, LLC, who has filed suit at the US District Court in Tyler, Texas, alleging that Apple’s use of a system that shrinks pages to fit smaller screens, which it says infringes
San Francisco -- Many people who love watching their favorite television programs live and are often saddened when they miss out their much loved television shows, but now they need not feel bad about it. Also if you have the tendency of forgetting to schedule your TiVo DVR box, and only remember while out and about, then you can leave all your worries to TiVo! TiVo has launched a new