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  • American Scene

    A Russian billionaire investor has purchased a lavish, 25,500-square-foot mansion in Silicon Valley for $100 million, thought to be the most ever paid for a single-family home in the United States.


  • ASSOCIATED PRESS
Mark Zuckerberg, co-founder and CEO of Facebook," called the Time selection "a real honor." He's the youngest choice for the honor since the first one chosen, Charles Lindbergh in 1927.

    Report: Facebook nets $500 million investment

    Social networking behemoth Facebook has raised $500 million from Goldman Sachs and a Russian investment firm in a deal that values the company at $50 billion, The New York Times reported.


  • Local deals site Groupon raises $500 million

    Groupon Inc., the fast-growing Internet startup that offers local deals and discounts to members, has raised $500 million of the $950 million it is planning to collect in its latest financing round.


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