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Consumer Corner: Foreclosure settlement no magic bullet for economy
SAN JOSE, Calif., Nov. 24 (UPI) -- A U.S. district court awarded $873 million in damages to Facebook to be paid by a spammer whose materials appeared to be endorsed by the Facebook users.
The judgment prohibits the spammer, Adam Guerbuez, and his company, Atlantis Blue Capital, from interacting with Facebook, except in restricted circumstances, InformationWeek reported Monday.
"We don't take this affront lying down," Facebook director of security Mark Kelly and the company's general counsel Mark Howitson said in an e-mail.
"We are confident that this award represents a powerful deterrent to anyone and everyone who would seek to abuse Facebook and its users," Kelly said in a blog posting Monday.
The award, issued by a federal court in San Jose, Calif., is the largest ever against a spammer under the 2003 Can-Spam Act, InformationWeek said.
The company said it was "unlikely" it would collect the judgment, against Guerbuez who failed to appear in court. However, "we are going to go after him," the company's senior counsel Sam O'Rourke said.
"We know where he is and we're in the process of executing the judgment," he said.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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