Daily Blogwatch: Should Insider Trading Be Legal?

In the biggest Blogwatch ever, some of day's top stories for investors, including how the Beatles on iTunes could have huge significance for the stock market; why insider trading might be difficult to prosecute; and the best IPOs of 2010.

John Lennon Lyrics to Fetch $553,000 at Auction

Handwritten lyrics scribbled by John Lennon on the back of a phone bill are expected to sell for 350, 000 pounds ($553,000) at auction. Lennon scrawled some lyrics for "I%u2019m Only Sleeping" on the back of a letter demanding overdue payment for his radiophone, an early car phone, The Guardian reported.

EMI May Attract Takeover Bids

EMI Group, owner of the rights to songs by bands including the Beatles, Pink Floyd and Deep Purple, may attract takeover bids as pressure mounts for the company to sell assets. Warner Music Group and BMG Rights have both previously expressed an interest in buying EMI%u2019s publishing assets, Bloomberg News said. BMG, a music-rights company, said it%u2019s interested in EMI%u2019s catalog.

Oprah and Wal-Mart Bring Smartphones to Main Street

How can you tell that smartphones aren't just for tech geeks and corporate types tethered to their email anymore? When Oprah Winfrey gives Motorola Defys to her whole studio audience, and Wal-Mart says it's launching its own mobile service, you have to say the devices have gone mainstream.

Beatles Won't Be on iTunes in Near Future - Yoko Ono

The music of the Beatles won%u2019t be on iTunes or other Internet outlets in the near future, according to John Lennon%u2019s widow Yoko Ono. Apple Corps, the Beatles%u2019 holding company, has not managed to agree on terms with EMI Group, the company that licenses the group%u2019s recordings, Reuters reported.

Abbey Road Studios Headed for the Bargain Bin?

Abbey Road Studios in London, possibly the best known music studio in the world and the site where the Beatles recorded most of their music, may be up for sale by financially strained British label EMI.