Two British parents were left with a 20,000-pound ($47,681) bill after a party advertised by their teenage daughter on the MySpace social networking site attracted hundreds of revellers who trashed their home.

Symantec unveiled plans for a nationwide initiative to address the rapidly growing needs of today's digital families and aims to narrow the gap between parents who have little to no familiarity with the Internet and their cyber-savvy children.

NBC Universal and News Crop. announce deal with internet leaders AOL, MSN, Myspace and Yahoo! to create a premium online video site with unprecedented reach, to challenge You Tube.