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Financial News Network
February 24, 2011 AT 1:14 PM
This is what's in the news for Thursday, February 24th. the Wall Street Journal reported that Overstock.com (OSTK) is being penalized by Google (GOOG) in its search results due in part to its practice of encouraging websites of colleges and universities to post links to Overstock pages so that students and faculty could receive discounts on the shopping site. ...the Financial Times reported that Despite new rules that allow Americans to opt out of paying overdraft fees, tens of millions of people in the U.S. are still choosing to pay the fees, putting banks on track to collect record revenues from the charges...the New York Post reported that even though the entire company is for sale, Warner Music Group (WMG) is said to be encouraging potential suitors to bid on its publishing arm. KKR (KKR) could buy part of all of Warner through a leveraged buyout and would need debt financing, unlike a buyer such as Sony Music (SNE). And finally,TechCrunch reports that Disney (DIS) is acquiring Togetherville, a social network for kids 10 and under. Terms of the acquisition were not disclosed.