Wednesday, August 24, 2011 myBiz Blog
MarketWatch 8.28.11 by Katie Coon

In the news this week:  competition for Ticketmaster, Facebook privacy setting changes, and new biogasoline made by Madison company.

Ticket Service Set for Debut

Concert promotion giant AEG Live said it is close to starting a new ticket-selling service that it hopes could challenge Ticketmaster, which currently dominates the market for concerts and other live events.  The new service, Axs Ticketing, is to begin selling seats on Saturday for concerts at two venues in Denver, the Ogden Theatre and the Bluebird Theater. AEG is owned by billionaire Phil Anschutz's Denver-based Anschutz Corp.  AEG plans to start selling tickets to two theaters it owns in San Francisco soon, and by the end of 2012 to add nearly all of its 100 venues around the world. Among AEG's most prominent venues are the Staples Center in Los Angeles and the O2 arena in London. AEG executives said they plan to wait until after next summer's London Olympics before switching the O2 to the new ticketing system.

Source:  WSJ

Facebook makes its privacy settings act more like Google+

The world's largest social network on Tuesday announced changes to its privacy settings that allow users to choose who will see a photo or status update right when they post it -- much like was already the case on Google Plus.  "You have told us that 'who can see this?' could be clearer across Facebook, so we have made changes to make this more visual and straightforward," Facebook's Chris Cox writes in a blog post on the topic.  "The main change is moving most of your controls from a settings page to being inline, right next to the posts, photos and tags they affect. Plus there are several other updates here that will make it easier to understand who can see your stuff (or your friends') in any context."

Source:  CNN

New biogasoline made by Madison company passes critical test

Virent Energy Systems' biogasoline has passed a major road test.  A trial conducted by Royal Dutch Shell, one of Virent's collaborators, tested five identical pairs of late-model European cars. Each car was driven more than 6,000 miles during 2010. One set ran on regular Shell gasoline; the other set was fueled with Shell gas blended with Virent's biogas.  When the engines were dismantled and inspected after the trial, all 10 cars were in the same condition. That means Virent's biogas, made from plant sugars instead of crude oil, caused no harm.

Source:  Wisconsin State Journal