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Apple Upgrades iPhone, iPod Touch Storage

Apple updated the iPhone and iPod Touch today, doubling the memory and setting a new premium price for its high-end models.

The iPhone now comes in a new 16GB model for $499 doubling the storage of the previous 8GB model. And the iPod touch now comes in a new 32GB model for $499. It joins the 16GB and 8GB models for $399 and $299, respectively.

Apple said that all iPhone and iPod Touch models come with updated software that the company announced in January. It includes a new maps application and the ability to watch movies from the iTunes movie rental service.

Oprah's Harpo Inc. is Black Enterprise Magazine's Company of the Year

Black Enterprise magazine has named Oprah Winfrey’s Harpo Inc. its 2008 BE100s Company of the Year.

Google Targets Africa

The search giant is betting that it can become synonymous with the Internet in Africa.

Jay-Z Closes $150 Million Live Nation Deal

Jay-Z has officially closed his $150 million 360 deal with Live Nation Inc., sources report.

Magic Johnson's Canyon-Johnson Closes New $1 Billion Canyon-Johnson Urban Fund III

The Canyon-Johnson Urban Fund, a partnership of Canyon Capital Realty Advisors and Earvin “Magic” Johnson, today announced the closing of its $1 billion Canyon-Johnson Urban Fund III.