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REGULATION SEC seeks more info on 350 firms It warned that Fortune 500 firms still aren't giving enough analysis in financial disclosure, especially when discussing liquidity, cash flow and capital resources. The SEC cited energy companies' failure to disclose key details on contracts. It also said some drug firms and retailers don't say how they account for rebates and returns. INTERNET Sony buys stake in rival MusicNet Sources say the Japanese giant took a 4% stake in the Web music service despite having co-founded rival Pressplay. Earlier in the week, MusicNet co-founder RealNetworks took a stake in Listen.com, another rival. The services are desperate to click with fans, who are flocking to rogue music-swapping sites and buying fewer CDs.
Microsoft aims for youth market
The software giant unveiled a beta version of threedegrees, an instant messaging product targeting 13-24- year olds that lets them hang out online. It's the first program from Microsoft's "NetGen" group, which focuses on Web-savvy youth. ...