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The Almighty Buck

Circuit City Rewards Execs As Stock Tanks 354

jamie tipped us to Dean Baker's Beat the Press blog, where Baker comments on a followup to Circuit City's firing of all its highest-paid salespeople last March (Slashdot discussion here). Circuit City's stock has cratered in the meanwhile, and their response has been to offer $1 million retention bonuses to executive VPs. Baker points out that each one of these bonuses represents 35 years' salary for one of the fired salespeople.
The Courts

YouTube Hands Over User Info To Fox 396

An anonymous reader writes "Tech Crunch has an article about YouTube identifying and handing over a user's information after a request from Fox. 'Three weeks after receiving a subpoena from the U.S. District Court in Northern California, YouTube has reportedly identified a user accused by 20th Century Fox Television of uploading episodes of the show 24 a week prior to their running on television. That user, named ECOTtotal, is also alleged to have uploaded 12 episodes of The Simpsons, some quite old. Apparently Google and YouTube were willing and able to identify the owner of the username ECOTtotal, according to a report on InternetNews.com.'"
Music

XM+MP3 Going to Trial 206

fistfullast33l writes "A federal judge has ruled that Music Companies can take XM Radio to trial over the XM+MP3 device that allows users to record songs off the Satellite Radio Company's network for playback later. The lawsuit, which was filed last year, asserts that XM is violating the Music publishers' sole distribution rights. From the article: 'XM has argued it is protected from infringement lawsuits by the Audio Home Recording Act of 1992, which permits individuals to record music off the radio for private use. The judge said she did not believe the company was protected in this instance by the act.'"
Businesses

Paypal Won't Release Funds To Slain Soldier's Family 337

robustyoungsoul writes "Popular sports blog Deadspin established the Adam Knox Fund for the purpose of raising money in honor of the fallen soldier who was killed in Iraq. They took the donations through a PayPal account. Turns out now, however, PayPal will not release the money due to the way the account was set up on their end."
Nintendo

Nintendo Sued over Wiimote Trigger 229

kaizokunami writes "A company named Interlink Electronics, Inc., creator of interface devices has filed a suit in US District court against Nintendo of America, claiming the Nintendo the trigger on the bottom of the Wii controller infringes on their patent. The article includes images submitted with the patent application." From the article: "The complaint alleges that the trigger on the bottom of the Wii controller infringes on Interlink Patent No. 6,850,221 (Trigger Operated Electronic Device), which the company secured on February 1, 2005. Nintendo president Satoru Iwata first presented the Wii controller to the public not too long after that date, during the 2005 Tokyo Game Show."

Hell.com Domain Name Up For Sale 188

Carl Bialik from WSJ writes "Internet domain name Hell.com is going up for sale, with bids of over $1 million expected, the Wall Street Journal reports. From the article: 'Sex.com sold for about $12 million earlier this year and Diamond.com changed hands for $7.5 million. The big-money domain-name sales echo an earlier boom, when Business.com fetched $7.5 million in 1999. Today's live auction of 300 names, by Seevast Corp.'s Moniker unit, includes more than a handful it predicts will generate bids of more than $1 million, including Iran.com, Auction.com and Elections.com. Now someone who buys Hell.com "has the opportunity to redefine what hell means, at least on the Internet," says Monte Cahn, Moniker chief executive.'"

P2P Defendant Destroys Evidence, Case Defaults 813

neoflexycurrent writes "A court in Texas has thrown the book at a defendant accused by the RIAA of file sharing. The court determined that she had intentionally wiped her hard drive clean, so it entered the most severe sanction possible — default judgment against her. The record companies now just have to ask the court how much they want in damages."

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