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Talk about obscene and unintended consequences. The December launch of a new domain for pornographic websites – which will be known as .xxx – is supposed to help make the Internet cleaner. Instead, it’s got Big Business in a big tizzy. Problem is, if those companies don’t buy an .xxx name, they can get hijacked. As MSNBC puts it: “While some adult-content providers are paying the approximately $200 fee because they want to use the domain, other non-porn brands ranging from MTV Networks and Budget Travel to the Red Cross are preregistering to avoid future legal battles with cybersquatters who register trademarks with the intention of reselling them.”
You’ve heard of celebrity endorsements. How about a reverse endorsement? Reports USA Today: “Trendy clothing maker Abercrombie & Fitch has publicly offered to pay even trendier TV show Jersey Shore untold wads of cash to stop decking its trouble-making characters – including Mike ‘The Situation’ Sorrentino – in Abercrombie apparel. Reason: The trashy reality stars could cause “significant damage” to the high-end brand.
You know electric cars are catching on when GM decides to build a Cadillac version. “The Cadillac ELR will be GM’s luxury version of the Volt,” CNN reports. “The vehicle, which is currently in development, will be powered by a lithium-ion battery, an electric drive unit, and a four-cylinder engine-generator.”
If you’ve ever played the smartphone game Angry Birds – or even if you haven’t – here’s another reason to lose faith in the markets: “An executive of Rovio, developer of the mobile game Angry Birds popular among users of the iPhone, said the company was worth several billion dollars,” MSNBC reports. The company wants a” stock market listing in New York in two to three years.”
If you hate your bank, meet seven people who love theirs. CNN profiles seven Americans who won’t leave their bank until they leave this life. Top of the list: 95-year-old Helen Hayduska of Omaha, who’s been a customer of Wells Fargo for 76 years – since 1935.