Toys “R” Us Inc, a privately held toy and baby products retailer, said on Thursday it bought websites eToys.com, BabyUniverse.com and ePregnancy.com from media firm, The Parent Company, which filed for bankruptcy protection late last year.

Terms of the deal were not disclosed.

The sale by The Parent Company followed its filing for bankruptcy protection in December 2008, after which it sought strategic alternatives including the sale of some or all of its businesses.

Google Inc will allow developers to sell applications for its Android cell phone operating system beginning next week in the United States, as the search giant strives to expand in a smartphone arena dominated by Apple Inc.

Google’s announcement marked an important step in the search giant’s quest to catch up with Apple in the fast-growing market for smartphones.

It signals Google’s commitment to expand into a relatively hot mobile market, even as it pulls back on certain other initiatives such as broadcast radio.

Google said in a blog post on Friday its Android Market will initially carry paid applications from developers in the United States and Britain, with plans to allow developers in Germany, Austria, the Netherlands, France and Spain to participate later this quarter.

Google Inc. will stop selling ads on broadcast radio stations this spring, marking the Internet search leader’s latest flop in off-line media.

The retreat announced Thursday is just the latest example of how the recession has caused even highly profitable companies like Google to reassess their priorities and toss out the deadwood.

The impending closure of the radio ad service extends a series of cost-cutting measures that have signaled Google’s management is bracing for leaner times after years of robust revenue growth that enabled the Mountain View-based company to spend freely and gamble on new ventures.

Financially strapped Sirius XM Radio Inc. said Friday that it could file for bankruptcy as early as Tuesday if it cannot successfully negotiate with the holders of its debt.

While the satellite radio company said it has exchanged $172.5 million of debt maturing in December for new debt due in 2011, it still has about $175 million coming due this Sunday.

Sirius is fighting against attempts for control by Charlie Ergen, the chief executive of Dish Network Corp. and sister company EchoStar Corp. Ergen bought much of a $300 million batch of discounted Sirius bonds that come due next week. Sirius had rejected a previous offer by Ergen for control of the company.

A bankruptcy filing for Sirius would give it the right to terminate contracts with on-air talent, such as Martha Stewart and Howard Stern, who has a five-year, $500 million deal. A Chapter 11 filing also could crimp Sirius’ growth because subscribers might shy away from a company in bankruptcy. Sirius has nearly 20 million listeners and provides a wide range of music, sports and talk radio.