Facebook tries gambling
Facebook has gotten into gambling in the U.K. This week, a bingo game allowing British users who are at least 18 years old to play for real money launched on the social networking site. Facebook will receive 30 percent of the revenues.
The not-so-rich Americans
Nearly half of Americans die with less than $10,000 in financial assets, according to a new study.
Pauly D's banner year
Pauly D of the reality-TV show Jersey Shore earned $11 million over the past year, enough to put him at No. 7 on Forbes’s first-ever list of top-earning global DJs. During that period, he played 132 gigs at rates of $40,000 a night, launched a clothing line called Dirty Couture, and landed a spin-off TV series, The Pauly D Project.
Gibson Guitar pays a fine
Gibson Guitar Corp. will pay a $300,000 fine to avoid criminal charges for illegally importing exotic wood from Madagascar and India. Federal agents raided two Gibson factories in Tennessee last year over imports of rosewood and ebony that had been unlawfully harvested abroad. Gibson will also donate $50,000 to the National Fish and Wildlife Foundation to protect endangered trees.
Let's get women on board!
Companies with women on their boards of directors do better than comparable businesses with all-male boards. A study of more than 2,300 companies showed that firms worth more than $10 billion that had female directors outperformed similar companies with all-male boards by 26 percent over a period of six years.