Myspace settles U.S. FTC charges over privacy

WASHINGTON Tue May 8, 2012 4:22pm BST

WASHINGTON May 8 (Reuters) - The Myspace social network settled charges that it misled millions of users about sharing personal information with advertisers, the Federal Trade Commission said on Tuesday.

The FTC settlement bars Myspace, owned by digital media company Specific Media, from future privacy misrepresentations and requires 20 years of independent reviews. (Reporting By Diane Bartz; Editing by Maureen Bavdek)

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.