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Digest
First Advantage sells premium search web site
By Times Wires
Published October 16, 2007
ST. PETERSBURG First Advantage Corp. said Monday that it had sold the consumer unit of its US Search.com business (ussearch.com) to Highland Capital Partners for an undisclosed sum. The unit was a key part of First Advantage's portfolio when it went public in 2003, but since then the St. Petersburg background-screening company has narrowed its focus largely to business customers. US Search.com, which provides background information such as criminal records as well as information of interest to genealogists, attracted 7.5-million unique visitors to its Web site in July, according to Comscore Media Metrix. LOS ANGELES Judge bans reseller from Ticketmaster A federal judge on Monday granted a request by Ticketmaster LLC to block a software company from making or distributing computer programs used to flood the ticket retailer's Web site with orders, beating consumers who log on to the Web site manually to buy tickets. U.S. District Court Judge Audrey B. Collins issued a preliminary injunction against RMG Technologies Inc., barring the Pittsburgh-based firm from buying or facilitating the purchase of tickets from Ticketmaster's Web site for the purpose of reselling them. Collins concluded Ticketmaster would prove its claims that RMG infringed on its copyrights, violated the Digital Millennium Copyright Act and breached the Web site's terms of use. NEW YORK AOL's latest move to cut 2,000 jobs AOL is eliminating 2,000 more jobs worldwide to cut costs and build its strength as it transforms from an Internet-access provider to an online advertising company. The 20 percent slice from AOL's work force comes after several rounds of layoffs in recent years, including a cut of 5,000 jobs last fall. WASHINGTON T-bill rates rise Interest rates on short-term Treasury bills rose in Monday's auction. The Treasury Department auctioned $16-billion in three-month bills at a discount rate of 4.185 percent, up from 3.925 percent last week. An additional $15-billion in six-month bills was auctioned at a discount rate of 4.225 percent, up from 4.095 percent last week.
[Last modified October 16, 2007, 00:56:04]
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