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Facebook

Facebook?s Rehabilitation - A Month Post-IPO, Baby Steps In Recovery

On May 18, Facebook closed its first day as a public company at $38.23, valuing itself around $105 billion. On Tuesday at mid-day, it traded near $31.50. Still, despite the vilification of the IPO, the slumping share price and dozens of class action lawsuits filed in federal courts in New York and California, Facebook, a damaged brand, has followed the advice of New York image guru Clive Chajet who said it should ignore the press and stick to its knitting.
Facebook

Facebook To Pay $10 Million To End Calif. Lawsuit

Facebook (Nasdaq: FB), the No. 1 social networking site, said it would pay $10 million to charity to settle a California lawsuit in which five members claimed it has violated their privacy rights.
Field Marshal Mohamed Hussein Tantawi, head of Egypt's ruling military council, meets with visiting Chinese Foreign Minister Yang in Cairo

Egyptian Power Will Pass To Civilians From Military July 1: SCAF

As ballots cast in Egypt's presidential election continue to be counted on Sunday, Field Marshal Mohamed Hussein Tantawi, the head of the country's Supreme Council of the Armed Forces, or SCAF, has renewed the military's commitment to hand over power to a civilian authority on July 1.
Saudi Prince Death

Saudi King Buries Brother And Heir

Saudi Arabia's King Abdullah prepared to bury his former heir, Crown Prince Nayef, on Sunday before naming a new successor at a challenging time for the world's top oil exporter and self-styled steward of Islam.
Bristol Palin

Bristol Palin Sued For Defamation By Heckler

Bristol Palin is being sued for defamation by Stephen Hanks, the man who heckled her in a West Hollywood, Calif. bar last September, and who called her mother, Sarah, derogatory names. The altercation caught on video was used in promos for Palin's new show and Hanks said he never signed a release for the footage to be used.
Bensouda

Fatou Bensouda Becomes First African ICC Chief

Fatou Bensouda was sworn in as the chief prosecutor of the International Criminal Court on Friday, making her not only the first African, but also the first woman, to lead the United Nations-backed tribunal.

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