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.
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.
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.