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Morgan Stanley hit with $5 million fine over Facebook IPO

Morgan Stanley agreed Monday to pay a $5 million fine to settle charges that it improperly handled crucial information on Facebook’s earnings ahead of the company’s disastrous IPO. The securities regulator of the state of Massachusetts had charged that Morgan Stanley, the lead underwriter for the $16 billion stock issue…

Instagram to share user data with Facebook

Smartphone photo sharing service Instagram on Monday refined its privacy policy to clear the way for sharing data with Facebook, which bought the company earlier this year. “Nothing has changed about your photos’ ownership or who can see them,” Instagram said in a blog post. “Our updated privacy policy helps…

French elephants scheduled for euthanization get Christmas reprieve

Two ailing middle-aged elephants that French officials wanted to put down have been given a Christmas reprieve after an appeal to President Francois Hollande and an Internet campaign to save them. Baby and Nepal, who both have tuberculosis, had been deemed a threat to other animals at their zoo in…

Nielsen taps Twitter to gauge online buzz about television

Nielsen on Monday announced a deal to tap into Twitter to gauge how much online buzz is being generated by television shows instead of simply focusing on numbers of viewers for programs. The television show tracking service, data from which can determine whether programs are canceled, said that it is…

Chinese police say man who stabbed 23 children ‘influenced’ by Mayan doomsday ‘prediction’

Chinese police suspect man who stabbed 23 kids 'influenced' by doomsday rumor (via The Christian Science Monitor) Chinese police said Monday that the man who stabbed 23 children in a rural Chinese elementary school just hours before the Newtown massacre may have been “influenced” by doomsday predictions. A belief that…

Mayor Bloomberg calls for legislation to stop gun violence

By Tom McCarthy, The Guardian Calling for immediate action to stop America’s string of mass shootings, New York City mayor Michael Bloomberg gathered dozens of family members of victims of fatal gun violence to stand behind him at a Monday news conference. “If you think there’s a lot of people here, that’s because…

World’s oldest person dies in Iowa at 115

The world’s oldest person — an Iowa woman who scrubbed floors until she turned 90 — died Monday at age 115, less than two weeks after earning her venerable distinction. Dina Manfredini, a native of Italy, died at the Bishop Drumm Retirement Center outside Des Moines, Iowa, said its director,…

Industry survey: Nearly all major publications have mobile web presence

Almost all major US newspapers and magazines have a mobile Web presence, and most of those without one will create one in the coming months, an industry survey showed Monday. The report by the Alliance for Audited Media, formerly known as the Audit Bureau of Circulations, said 90 percent of…

Charges of necrophilia dismissed against Swedish woman who kept human bones

A Swedish woman who kept human skulls and bones in her apartment was sentenced Monday to probation and ordered to undergo psychiatric care after being convicted of “disturbing the peace of the dead.” The prosecution had argued that the 37 year-old woman, who has a history of unemployment and substance…

Swedish military finds wreck of Soviet sub sunk during World War II

The wreck of a Soviet submarine that was sunk during World War II has been found at the bottom of the Baltic Sea off the Swedish island of Oeland, Sweden’s military said on Monday. The wreck is believed to be that of the S-6, which disappeared in September 1941. “In…

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