Speaking of Facebook, the social-networking site appears might be in a bit of a rut. After opening up to non-students, it experienced a steep increase in the number of users, as well as time spent on the site. Fortune, however, gives a laundry list of reasons why CEO Mark Zuckerberg should be concerned about the direction his site is taking. Besides the Beacon uproar over privacy, adult participation seems to be dropping, the number of US visitors has stopped climbing, and partners are complaining.
Federal Reserve Chairman Benjamin Bernanke told a financial markets conference that financial turmoil has eased some, but that the economy still has a ways to go before getting back to normal.
Bloomberg hires former Time and Wall Street Journal editor Norman Pearlstine to a new position, chief content officer.
News 4 New York anchorwoman Sue Simmons says the “F” word on air.
After its tourism plunged in the early 1990s, Hawaii pushed to diversify its tourism base, reaching out to new global markets, such as Germany and the Philippines; it's efforts are paying off, the Wall Street Journal reports.