Many investors are expecting Facebook to file papers for an initial public offering sometime later this week. The company, which was founded in a Harvard dorm room less than a decade ago, is expected to be valued at nearly $100 billion by Wall Street.
And if these early reports are true this is shaping up to be the biggest Internet IPO ever.
Republican presidential hopeful Newt Gingrich is changing another of his positions in an effort to woo socially conservative voters.
Over the weekend he told churchgoers in Florida that as president he'd work to ban research using stem cells derived from human embryos.
Gingrich has long been a strong backer of federal funding for scientific research. In 2001 his support extended to research on stem cells derived from human embryos left over from in vitro fertilization efforts.
The Connecticut police chief accused of tyrannizing Latinos is retiring at the end of the week. Four East Haven officers were arrested Friday by the FBI. They're accused of waging a campaign against Latino residents that included beatings and false arrests. Chief Leonard Gallo is accused of creating a hostile environment for witnesses who cooperated with the investigation.