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Massachusetts' securities regulator fined Morgan Stanley $5 million over its handling of Facebook's IPO, saying investment bankers had "improper influence" over the research analysts covering Facebook.

Where are employees most satisfied in their jobs? Beer tasters at Sam Adams? Photographers at Playboy? Shoppers for Saks? Mickey at Disneyland? No. The happiest employees on Earth work at Facebook.

Some people might give you the shirt off their back for free. Others might give you their last name -- for a fee... The bidding ended December 13 on Sadler's website -- buymylastname.com -- and the winning bidder will pay $45,500 for Sadler to change his name to Jason Headsets.com.

Airline passengers can already get online 30,000 feet over Oklahoma. Soon U.S. airlines will offer Internet connections over the ocean, too. United, Delta, and American — the nation's three biggest airlines — said Wednesday that they're within weeks of having their first international flights with Internet service.

Yahoo has named former PayPal cofounder Max Levchin to its board of directors, as two other board members are stepping down. The addition of Levchin, a well-known Silicon Valley technology executive, is another move towards Marissa Mayer‘s efforts to revamp Yahoo with a technology focus.

Facebook took steps to simplify its privacy settings, in its latest bid to give consumers more control and clarity over what personal information is shared.

Facebook joins the Nasdaq-100 Index, a move accelerated by the departure of Infosys, which is moving to the New York Stock Exchange.

The world's attention wavered between the tragic and the silly in 2012, and along the way, Web surfers searched in huge numbers to find out about a royal princess, the latest iPad, and a record-breaking skydiver.

It may look like Pope Benedict XVI’s first tweet on the auspicious date of 12-12-12 will be a divine act. But orchestrating the pontiff’s debut on Twitter has been a far more earthbound effort, involving an elaborate behind-the-scenes production.

Twitter pages are getting a bit fancier (some might say more Facebook-like) whether you like it or not, starting Wednesday. For years, a user's Twitter page has featured the option of a profile photo and a page background of your choosing. Now, there's a third element being added to your page's look, a "header" photo that surrounds your profile photo. The short messaging blog has been doing a soft rollout the past few months of the three-element look, but on Dec. 12, it goes site-wide to all users.