07:51 AM

Newswatch 3.14.08: MSFT, YHOO meet

MSFT, YHOO execs meet

[AP] Microsoft Corp. met with Yahoo Inc. to discuss the software maker's unsolicited takeover bid earlier this week, a breakthrough that could be the first step toward a friendly deal between the two rivals. The meeting occurred Monday near Yahoo's Sunnyvale headquarters, according to a person familiar with the situation.

Lou Reed wants better sound

[Billboard] Lou Reed is lashing out at new modes of audio technology, saying that "people have got to demand a higher standard" than current MP3 music files.

Whitman joins McCain campaign

[Merc] Retiring eBay Chief Executive Meg Whitman is joining the presidential campaign of John McCain as a national co-chair. Whitman, who steps down from her eBay job at the end of the month, had been a major fundraiser for Mitt Romney.

Verizon unveils tech to speed up P2P

[AP] Verizon Communications Inc. has broken ranks with the industry and announced Friday that it plans to help its users share files faster — at least those who do it legally. With researchers at Yale University and a group of companies that make file-sharing software, Verizon collaborated to enable faster downloads for consumers and lower costs for participating ISPs.

iPhone: the new gaming platform

[Chron] "We are very enthusiastic about the iPhone as a platform and we think Apple has done it right on the hardware and the delivery platform," said Michel Guillemot, president and CEO of mobile gamemaker Gameloft. "We think from the consumer point of view, it's going to very successful and we are eager to participate in this."

FCC handling of complaints criticized

[Reuters] A study by the Government Accountability Office concluded that about 83 percent of the complaint investigations conducted by the FCC between 2003 and 2006 were closed without any enforcement action taken by the agency, and that it was impossible to determine why because the FCC did not collect enough data to follow up.