Leaders of actors' union call final offer unacceptable
Leaders of the Screen Actors Guild declined a final offer for a new labor contract and an alliance of Hollywood production companies demanded that the union put the offer before its entire membership for a vote.
- Studios set a deadline on actors' contract

Olympic sponsors benefit from ad limits in China
The Chinese government will begin restricting advertising space in Beijing, giving preference to the official sponsors of the Olympic Games.

Ex-Hewlett Packard executive pleads guilty to IBM theft
A former vice president at Hewlett Packard has pleaded guilty to stealing trade secrets while working for IBM and has admitted to sharing the data with Hewlett Packard.

Yahoo looks for outside help to take on Google
Yahoo wants to enlist a small army of search start-ups as allies in the hope that collectively they will be able to stop the Google juggernaut, whose share of Web searches keeps growing.

Bloomberg will revamp its financial news operations
The restructuring is intended to play up its growing assets in television, radio and Internet content. The company will now be divided into three main units: news, data and financial products.

Music instruments for the gadget freak
Nearly a hundred years later, electronic whizzes are creating other clever electronic instruments, some designed for the musically inclined gadget freak to play at home with considerably more ease.

Interpublic shakes up media operations
The move is another sign of the growing importance of deciding where marketers place advertising, how much they pay and how they apportion ads between traditional and digital media.

WPP makes hostile bid for TNS
The takeover battle intensified Wednesday for the British market research company Taylor Nelson Sofres, with a hostile bid by WPP Group, the global advertising company, forcing GfK, the preferred merger partner, to consider a higher bid.

Bringing Bangladesh into the Internet age
A group of Bangladeshi expatriates have developed a plan to bring affordable Internet access to their homeland through a blend of high-end wireless technology and what the company calls social entrepreneurship.