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LeapFrog unveiled a prototype pen and paper computing platform offering real-time audio feedback and enabling users to write on a piece of paper then interact with it directly. The FLY pentop computer is based on a variety of technologies including optical scanning, finely dotted paper media, ASIC (application-specific integrated circuit), character recognition software and a phoneme-to-speech engine.

Eight financial institutions have committed $3.5 billion of a $4 billion senior secured revolving credit facility currently in syndication to be used in connection with the Kmart-Sears merger. The combined retail operations, under the auspices of the newly created Sears Holdings Corporation, would create the nation's third largest retailer with an estimated $55 billion in sales and initially 2,350 full-line stores and 1,100 specialty stores.

Playthings is launching an initiative to bring toys to the kids who need them the most: the tsunami orphans. In partnership with World Vision the magazine launched “Hope Through Toys.” World Vision has 40 years experience in the region and more than 3,700 staff already on the ground in areas where the tsunami hit hardest, making the organization ideally positioned to meet the needs of the tsunami disaster survivors.

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