IBT Staff Reporter

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Hulu seen drawing bids from Yahoo, others: sources

The deadline for initial bids in the auction for Hulu was extended from Wednesday until the end of the week to allow interested parties more time to examine the online video site's financial information, according to people familiar with the situation.

Steve Jobs resigns from Apple, Cook becomes CEO

Silicon Valley legend Steve Jobs relinquished the reins at Apple Inc to right-hand man Tim Cook on Wednesday, after 14 years in command at a company he brought back from the brink and turned into the world's largest technology corporation.

RIM unveils new cloud-based music service

Canada's Research In Motion Ltd will unveil a new cloud-based social music sharing service called BBM Music, as companies begin to bet on entertainment delivered over the Internet that incorporates social networking features.

Newsmaker: Apple's Tim Cook steps up

Tim Cook, Apple's Chief Operating Officer, who has been standing in for CEO Steve Jobs during his medical leave, has been named the new CEO after Jobs resigned as Apple Inc Chief Executive on Wednesday, without specifying a reason.

Blackburn's Emerton to Return Home to Sydney

Australia midfielder Brett Emerton is expected to play his last game for English Premier League club Blackburn Rovers against Everton Saturday before he heads home to play for Sydney FC in the top-flight A-League.

Facebook, LinkedIn Threaten to Slay Monster.com

Shares of the parent of online job board Monster.com are down nearly 70 percent this year, with most of that loss coming since early July. A company that once boasted a multi-billion dollar market valuation is now worth less than $1 billion.

Factbox: Apple's history and milestones

Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move that ended his 14-year reign at the technology giant he co-founded in a garage.

Sources: Hulu Seen Drawing Bids from Yahoo, Others

The deadline for initial bids in the auction for Hulu was extended from Wednesday until the end of the week to allow interested parties more time to examine the online video site's financial information, according to people familiar with the situation.

Talent agency CAA mulls Silicon Valley office

Creative Artists Agency, the largest talent representation firm in Hollywood, is considering opening an office in Silicon Valley to expand ties with the technology community, according to two people familiar with the firm's plans.

TiVo's revenue beat estimates, shares rise

TiVo Inc, the maker of digital video recorders, said revenue rose 19 percent as it signed new deals with cable operators to use its technology, sending its shares up more than 1 percent.

Google to pay $500 million over online drug ads

Google Inc has agreed to pay $500 million to settle a criminal probe into ads it accepted for online Canadian pharmacies selling drugs in the United States, the U.S. Justice Department said on Wednesday.

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