Business news from around the web.

• Retailers Are Wary of the Smartphone Wielding Shoppers
• Raising expectations (and then dashing them)
• MySpace Confirms Sale Is Likely in the Near Future
• Flight overbooked? Delta to ask fliers to bid on compensation
• Early Facebook Investor Is Bullish on New York
• Paper.li Raises $2.1 Million For Social News Curation, Hits 2 Million Users
• The answer to this Quora? No.
• Taxman to visit Amsterdam sex workers
• How Media Will Relate to Facebook in the Future