Science

You might think being good at Internet video games is all about slaying monsters with the click of a mouse. But as David Martin Davies reports, knowing a little economics also comes in handy.

Companies are slashing tech jobs at the highest rate in months, a new report shows. Ashley Milne-Tyte looks at whether the trend will continue.

Users of online worlds transact millions of real dollars worth of virtual goods and services every day and that means there's real business news to cover. Confused? Host Kai Ryssdal sorts it out with Reuters' Second Life bureau chief Adam Pasick.

Hours ahead of an Internet gambling ban set to be signed into law by President Bush, Britain's online gambling company Sportingbet sold its U.S. operations to private investors — for $1. Eleanor Beardsley reports.

Best Buy launches its online music store this weekend. Countless others have gotten into the business dominated by iTunes, but does this one have a chance to compete? Ashley Milne-Tyte reports.

With Google's $1.6 billion purchase of YouTube, the online video market has hit the big-time. And each company has something the other one needs, Ashley Milne-Tyte reports.

Google bought video sharing site YouTube for $1.65 billion today. Critics of the deal say it could cost them that much in copyright lawsuits, but other deals today make that less likely. Janet Babin explains.

Columbia University professor Edmund Phelps won the Nobel Prize for Economics this morning for his study of inflation and how it relates to unemployment. Scott Tong has the story.

The online social networking market is heating up. A new study finds that the sector is maturing and quickly separating into niches. Janet Babin reports.

The 2006 winner of the Nobel Prize in Economics was announced today. Edmund Phelps of Columbia University is $1.4 million richer for adding to what we know about jobs and inflation. Scott Tong reports.