• Takeover
Aiming to expand its internet backbone, semiconductor maker Broadcom Communications said yesterday that it would acquire privately held optical communications chip maker NewPort Communications for about $1.24bn (£826m) in shares.

• Shopping
US retailer Kmart Corp yesterday said it made an $80m (£53m) joint investment with Softbank Venture Capital and Softbank Capital Partners, units of Japanese internet investor Softbank Corp, in its online subsidiary BlueLight.com. Kmart will invest $55m and Softbank an additional $25m to continue to develop the online shopping site.

• Scorers
West Ham player Rio Ferdinand and Liverpool captain Jamie Redknapp were among the stars featured on the new interactive website, bigfanof.com. Fans will be provided with a low-down on their lives on and off the field, video highlights and daily interviews.

• Unshelved
British Telecom said on Monday its plans to invest $2bn in an internet hosting joint venture with AT&T were unchanged, despite a report that it had shelved the proposal.

• Wipo out
A UN panel ruled yesterday that a Uruguay resident and another group of cybersquatters must give up 40 internet sites containing the names of Yahoo or its unit GeoCities. The World Intellectual Property Organisation said the sites were registered in bad faith, following a complaint from the US internet media network.