A settlement Facebook Inc. agreed with Tyler and Cameron Winklevoss for a package of cash and stock worth about $65 million two years ago, but they have sued to upend the deal, they charge the deception cost them millions and now want more money. In a courtroom in San Francisco,...

Swiss biotechnology company Actelion Ltd. CEO Jean-Paul Clozel believes maintaining independence is the best way to ensure value for the company's shareholders. "We have 10 products in development," and continued pursuit of those drugs, rather than an acquisition by another company, is the "best solution" for shareholders, CEO Jean-Paul Clozel...

Playboy Enterprises Inc (PLA) is seeking $180 million in bank loans to fund its takeover by founder Hugh M. Hefner, include a $20 million revolving line of credit and a $160 million term loan. Playboy’s agreement is with Icon Acquisition Holdings LP, a limited partnership controlled by Hefner. Playboy has...

Advanced Micro Devices (AMD), the world's No 2 maker of PC microprocessors behind Intel,  Shares declined 4.35 percent to $8.79 in post market trading on the news that the company's President and CEO Dirk Meyer had resigned and that Thomas Seifert has been named Interim CEO. A letter from the...

Flickr, the Web's foremost photo-sharing sites, founder Stewart Butterfield is back to video games with Glitch created by Tiny Speck, with more than 5,000 users. Glitch - a browser-based multiplayer game set to release in Spring 2011 - has upgraded its website with a new design, showcasing more of the...

The owners of the major broadcast networks Fox, CBS, ABC and NBC won a temporary restraining order against FilmOn.com Plc, a company that streams the signals of TV stations over the Web without permission of the networks. Naomi Reice Buchwald of the U.S. District Court for the Southern District of...

Casino operator Harrah's Entertainment Inc, the world's largest casino operator by revenue, has not priced its initial public offering despite indicating earlier that it would begin selling shares on the Nasdaq market this week. Harrah's, which is majority-owned by private equity investors, previously said it would sell shares to raise...

Apple Inc., the Beatles' Apple Corps and EMI/Capitol Records agreed to make the Beatles' catalog, spanning 1962-1970, available for legal digital download, through its iTunes store. More than 200 songs plus the band's original albums and other compilations listed on iTunes. Songs are priced at $1.29, single albums at $12.99...

Sina Corp (SINA), a leading Chinese online media services provider, launched $301 million fund for developers to create applications for its highly popular Twitter-like microblog, Weibo (pronounced ‘way-bore’). Sina is one of the few micro-blogging services still around in China after the government banned Twitter and other competitors for refusing...

Google Refine is a open source tool for working with datasets, including but not limited to Freebase. According to David Huynh, Google Search Infrastructure, it can be used for: "cleaning up inconsistencies, transforming them from one format into another, and extending them with new data from external web services or...