Rupert Murdoch has finally been outfoxed. He has lost the internet domain name for the Fox Business Network to a Florida businessman called Derek Hodges.

(Business 2.0 Magazine) -- Kevin Ham leans forward, sits up tall, closes his eyes, and begins to type -- into the air.

A class-action lawsuit filed on Monday against Network Solutions alleges the company has unfairly profited from its domain name registration business.

The companies that handle domain registrations have built businesses around hosting, domain speculation and wholesale billing. Domain squatters, meanwhile, make millions with the right URL.

People scoffed when investment firm eCompanies paid $7.5 million for the Web address business.com in 1999 from a person who had paid $150,000 for it.

Domain name company Communicate.com (OTCBB: CMNN.ob) rejected a $6M offer for the domain name Cricket.com, according to an article in Kiplinger magazine.

Xavier Buck planned to spend $100,000 last week to bid for domain names, those parcels of virtual Internet real estate, at a live auction in Los Angeles.

Here’s an interesting decision in a UK domain name dispute. MySpace just won the domain name myspace.co.uk, although the name was first registered 6 years before MySpace existed.

These guys are actively hiring mystery shoppers (must be a US resident over 18).