Google has revealed it is building a domain registration service called Google Domains. It is still early days for the product, which is currently in invite-only beta. Google says 55% of small businesses still don’t have a website and the project is aimed at helping some of those businesses get started online. Google Domains won’t include hosting and has partnered with website building providers like Shopify, Squarespace, Weebly and Wix.com. The goal is for Google Domains to be made widely available soon. Oracle buys Micros Systems for $5.3 billion Oracle is offering $68 a share for Micros Systems, a company which sells software used by retailers and hospitality providers, in a deal that is valued at $5.3 billion. Micros Systems sells internet-connected cash registers, and the software and technical services to power them. It’s Oracle’s biggest acquisition since 2010. Parking startups hit trouble in San Fran Several parking startups that are trying to make it easier to find a car park in big cities are running into legal problems in San Francisco after the city sent one company a cease-and-desist letter and warned two others, The Wall Street Journal reports. Italian-based startup MonkeyParking, which operates in San Francisco and has an app that allows people to post information about a spot they are about to leave – information other drivers can then pay for – was sent a letter by the San Francisco City Attorney notifying it that its business is illegal. Overnight The Dow Jones Industrial Average is down 9.82 to 16,937.26. The Australian dollar is currently trading at US94 cents.
The director of a small legal practice has been ordered to pay $100,000 to a mature-aged law graduate in compensation for sexual harassment, after she accused him of a string of aggressive and bizarre sexual advances.
Microsoft founder Bill Gates has been named by Forbes as the richest American for the 19th year in a row, accumulating a fortune of $66 billion, up $7 billion on last year.
News Corporation has posted a massive $1.46 billion loss in the fourth quarter, writing down the value of its global publishing empire, including its Australian newspapers.
Australia is set to outperform the world’s major economies over the next year, with Europe at “severe” risk of recession, according to the Organisation for Economic Co-operation and Development.
Wayne Swan is to deliver his Budget speech to a backdrop of a share market slump in Australia, with investors concerned over the eurozone economic situation and jobs data from the US.
An anonymous bidder has just paid more than $2.6 million for lunch with Warren Buffett, a record price that will see the US charity Glide Foundation enjoy another big funding boost.