Facebook sued over privacy. Five Facebook users are suing the social network for doing what made it an online superstar – letting members share aspects of their lives on the web. A lawsuit filed on Monday in a southern California court accuses Facebook of being a data-mining operation that does not deliver on promises to give users strict control of data uploaded to profile pages. — Sydney Morning Herald
Cost cuts life STW’ Communication profit. Advertising and marketing firm STW Communications Group lifted its first-half profit by 8 per cent, as cost cuts offset the impact of lower client spending. STW, a consortium of more than 70 advertising and communication entities, said net profit for the six months to June 30 was $12.8 million, up from $11.9m for the same period last year. — The Australian
MGM ousts CEO. Metro-Goldwyn-Mayer, crumbling under the weight of a $3.7 billion loan, ousted its chief executive, Harry E. Sloan, on Tuesday in favor of the star turnaround expert Stephen F. Cooper, whose most recent chore was saving Krispy Kreme Doughnuts. Once the most powerful studios in Hollywood, MGM has not released a movie since Valkyrie in December and will release only one film this year, a remake of Fame. –– New York Times
Sony announces slimmed-down Playstation 3. After months of rumours, Sony has confirmed a slimmer, cheaper version of the Playstation 3. Starting in September, the new PS3 will be rolled out in Australia on September 3 at a price of $499.95. That represents a major price cut of around $200 from the existing PS3 models, which have proven less popular than Microsoft’s Xbox 360 and Nintendo’s Wii. — Herald Sun
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“Prince of Darkness” dies at 78. Robert D. Novak, the pugnacious political columnist and cable television fixture whose nickname, “the prince of darkness”, was invoked with renewed fervor in 2003, when he revealed the name of a C.I.A. officer, setting the stage for a criminal investigation that reached the Bush administration, died Tuesday morning at his home in Northwest Washington. He was 78. — New York Times