Facebook Revenue Could Hit $2 Billion in 2010

Facebook may generate revenue of about $2 billion for 2010, more than double its revenue from 2009, Bloomberg News reported without naming its sources. The social media giant will beat its 2010 estimate of $1.5 billion in revenue, after bringing in sal…

BP Shares Fall in London After U.S. Lawsuit

BP (BP) shares fell the most in four months in London after the Obama administration sued the oil giant, saying it violated environmental laws during the Gulf oil disaster.

BP shares retreated by as much as 3.2%, the most since August, Bloomberg News…

Honda to Recall 1.35 Million Fit Cars

Honda Motor Co. (HMC) is recalling 1.35 million Fit subcompact cars to repair defective wiring in the headlights.

The carmaker said it would recall 143,000 cars in the United States and 734,000 cars in Japan, according to The Associated Press.

The …

Can Group Buying Save the Newspaper Business?

Although many media pundits have declared that newspapers are in a death spiral, group buying may — just may — have an antidote. This business is a perfect fit for the existing newspaper sales force, which has a deep Rolodex …