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Japan wins World Cup after beating U.S. on penalties

FRANKFURT (Reuters) – Japan won the women’s World Cup after beating United States 3-1 on penalties following a 2-2 draw in extra-time on Sunday. The U.S. dominated the final for long periods and were twice ahead but their confidence crumbled when it came to the spotkicks. (Editing by Mark Meadows)…

Google in talks to buy Hulu

NEW YORK (Reuters) – Online video site Hulu has begun preliminary sales talks with about a dozen potential buyers, including Google Inc, Microsoft Corp and Yahoo Inc, according to a source familiar with the situation. Hulu’s financial advisers, Morgan Stanley and Guggenheim Partners, set up meetings with potential buyers, and…

Google launches social networking service to rival Facebook

WASHINGTON — Internet search giant Google launched its rival to Facebook on Tuesday, a new social networking service called Google+. “Online sharing is awkward. Even broken. And we aim to fix it,” Google’s senior vice president for engineering Vic Gundotra said in a blog post. “We’d like to bring the…

Congress passes $38 billion spending cut bill

WASHINGTON – The Congress on Thursday approved $38 billion in spending cuts this year as part of a bill to fund the federal government through September 30, sending the legislation to President Barack Obama to sign into law. After months of wrangling between Democrats and Republicans, the Senate voted 81…

Journalism Online sold to Chicago printer

WASHINGTON – Journalism Online, a company started two years ago to help newspapers and magazines collect revenue from online readers, was sold on Thursday to Chicago-based printing firm RR Donnelley. Financial details of the transaction were not disclosed. Journalism Online was launched in April 2009 by three veteran US media…

News Corp. buys Skiff, invests in Journalism Online

WASHINGTON — News Corp. announced Monday it has bought Skiff, an electronic reading platform developed by Hearst Corp., and invested in Journalism Online, a company which seeks to help news organizations make money on the Web. “Today’s developments underscore News Corporation’s ongoing commitment to create strong business models that support…

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