Verizon Wireless launches first touch-screen Blackberry

Blackberry Storm launches; Facebook looks global; Angelina Jolie brokers deal with 'People'; and more

Verizon Wireless looks to expand its market and counter the iPhone with a $100 million campaign to support the launch of Storm, the first touch-screen BlackBerry. Lines at Verizon stores awaited some customers who queued up this morning for the phone.

Despite the economy, and the possibility of lower holiday sales, Verizon believes that demand for the Storm will stay high. To counter Storm's launch, Apple launched its iPhone 2.2 software upgrade at midnight, hours before the release of the Blackberry's device.

Also:

Facebook gears up to sign up new users globally, while Silicon Valley hunkers down during the economic downturn.

A New York Times report says Angelina Jolie's deal with People for photos of her twins went beyond monetary payment and into reputation management, but the magazine denies it.

Citigroup tries to reassure investors as its stock fell in November, Business Week reports.

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