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Facebook near privacy settlement with FTC: report

WASHINGTON — Facebook will agree to independent privacy audits for 20 years under a proposed settlement with US regulators over changes to its privacy settings, The Wall Street Journal reported Thursday. The newspaper, quoting people familiar with the situation, said the proposed settlement is awaiting final approval from the commissioners…

IMF chief: Dollar status in doubt if debt crisis persists

WASHINGTON — IMF chief Christine Lagarde warned Thursday that failure to resolve the US debt crisis would likely raise “doubts” about the dollar’s status as the world’s prime reserve currency. “It would probably entail a decline of the dollar relative to other currencies, and probably doubts in the mind of…