Sydney: Walt Disney Co and Viacom Inc’s Paramount Pictures are among Hollywood’s biggest movie studios that lost a piracy lawsuit in Australia as an appeals court upheld a ruling that a local internet provider wasn’t responsible for customers illegally downloading films.

Tom Cruise has found a new group to finance his films after being publicly dumped by Paramount Studios last week.

Rapper Eminem’s music label has agreed to an undisclosed financial settlement with Apple Computer Inc in a lawsuit over copyright infringement claims.

A RADIO contest challenging listeners to have sex in public places for a free trip to Boston’s Sam Adams Brewery has won the broadcasters a $357,500 fine.

The technology-dominated Nasdaq composite index suffered its biggest one-day point loss in nearly 15 months today after Opec’s surprise decision to cut oil production sent stocks tumbling. The Dow Jones industrials plunged 150 points.