Iomega Corp. will give rebates worth as...

Iomega Corp. will give rebates worth as much as $40 to millions of customers as part of a settlement of a class-action lawsuit that claimed its Zip drives are defective. U.S. customers who bought a Zip drive from a store or authorized reseller between Jan. 1, 1995, and March 19, 2001, will be entitled to rebates for various Iomega products.

* A federal judge lifted a temporary restraining order in a lawsuit filed by free Internet service provider NetZero Inc. against rival Juno Online Services. The order, awarded in January, had prohibited Juno from displaying third-party advertisements in a pop-up banner that also serves as a navigational tool for users of the free service. NetZero, based in Westlake Village, filed suit against Juno in December, alleging the New York company had infringed on its patent for similar technology.

* Outpost.com, an online retailer of consumer technology products, said it will cut 100 jobs, or 30% of its work force. The company also said founder and Chairman Darryl Peck will replace Katherine Vick as chief executive.

* Merisel Inc. reported an operating loss from continuing operations of $64.12 million, or $8.11 a share, for its fiscal fourth quarter, compared with a loss of $34.12 million, or $4.30, a year ago. The El Segundo-based company’s net sales plummeted to $161.2 million from $1.1 billion.

* Napster Inc., the free music-sharing Web site, had a 7% drop in visitors in March from the previous month, after the closely held company began blocking access to copyright-protected songs, according to Internet researcher Jupiter Media Metrix Inc.