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Southwest opening Denver air link in May

By TIMES WIRES
Published February 9, 2007

Southwest Airlines will begin new flights between Tampa and Denver on May 4. The discount carrier will fly one daily nonstop each way, with fares start at $99 one-way, not including taxes and fees. United Airlines' discount carrier, Ted, now flies four daily nonstops between Tampa and Denver, and Frontier Airlines has one.

Circuit City to trim 70 stores, 400 jobs

Circuit City Stores Inc., the second-largest U.S. electronics retailer, is closing 70 stores and eliminating about 400 jobs in the U.S. and Canada after profits from sales of flat-panel televisions shrank. Eight locations in the U.S. and 62 in Canada will close, Circuit City said Thursday. The company also plans to shut a distribution center in Louisville, Ky. Circuit City has 640 U.S. stores and about 800 in Canada.

YouTube founders, backers cash in big

The investors and founders of online video Web site YouTube received hundreds of millions of dollars in Google shares as a result of the deal between the two companies late last year, SEC documents say. YouTube's three founders and Sequoia Capital, its main financial backer, received the biggest windfalls. Chad Hurley, YouTube's chief executive, was paid in Google shares with a current indicated value of more than $345-million. Co-founder Steven Chen's cut exceeded $326-million. Third co-founder Jarwed Karim's bounty was $64.6-million. Sequoia Capital's share was about $442-million.

'Business friendly' news promised

Rupert Murdoch said Thursday that a business news channel his media company News Corp. plans to launch in the fall will be more "business-friendly" than its rival CNBC. "They leap on every scandal," he said. Speaking at a media and technology conference in New York, Murdoch said there would be more details announced soon. He also said he hoped to see revenues from online-only businesses at News Corp. such as MySpace to make up about 10 percent of the company's revenues in the next five years or so.

More court blows thrown over Pooh

In the latest move in a long struggle with Walt Disney Co. over the rights to A.A. Milne's Winnie the Pooh, Stephen Slesinger Inc. petitioned the U.S. Patent Office to cancel Disney's trademark registrations over the 80-year-old bear and his friends. Disney moved immediately to block Slesinger's petition, saying that the petition duplicated Slesinger's requests in an ongoing lawsuit between the two companies.

Microsoft plans a spring launch

Microsoft Corp. plans a launch this spring of its next-generation operating system for wireless devices, Windows Mobile 6, which is important for the company's efforts to grab market share beyond the desktop. Microsoft is expected to disclose details of Windows Mobile 6 on Monday. The company pledged that the new software would render e-mails and other documents much as they appear on desktop computers.

[Last modified February 8, 2007, 23:32:35]