December 16, 2010

The Justice Department  is suing BP and four other companies in connection with the oil spill that fouled the waters of the Gulf of Mexico earlier this year. With cleanup costs in the tens of billions of dollars, The government wants the court to waive the $75  million cap on such lawsuits and seek unlimited damages from the worst oil spill in US history. Source Link
 

Facebook creator Mark Zuckerberg, the man who made the social network a worldwide phenomenon, has been named Time Magazine's Person of the Year for 2010. Zuckerberg created Facebook while he was a student at Harvard University. At 26 years old, he is Time Magazine’s youngest annual honoree since Charles Lindbergh in 1927. Source Link
 

3D televisions have not been the hot sellers for this holiday season as expected by the nation's biggest electronics retailer. Best Buy says average store sales will be down this year, and the company is regrouping to push smaller TV's and budget computers to consumers who are still watching their money and don’t seem ready to make big-ticket purchases. Source Link