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Bank Failure List updated May 18, 2012 - Failed U.S. Banks and Credit Unions as of May 18, 2012 Please note that the FDIC is often appointed as receiver for failed banks. These events are structured as bank mergers and/or consolidations to avoid antitrust hearings. Credit Union Failures are handled in much the same manner, and deposits are insured by the National Credit Union Administrat... - 2012/05/18

Apple Rebrands Itself as iRenewable with Green Data Centers - Some Apples will be green. Apple data centers, that is. The technology giant has announced that its new half-million-square-foot data center in Maiden, N.C., will only use electricity that has been generated by renewable energy. The company said that the Maiden facility will be "the most environmentally sound data center ever built." This complemen... - 2012/05/18

Comcast Suspends Xfinity Broadband Data Cap - Comcast has suspended its 250 GB monthly data usage threshold for its Xfinity broadband customers and plans to begin trials of new multi-tiered Xfinity data service featuring a minimum data allotment of 300 GB per month in selected U.S. markets. The nation's largest broadband service provider said the change is being driven primarily by a dramatic ... - 2012/05/18

9 Million Pre-Orders for Samsung Galaxy S III Reported - Samsung, the world's No. 1 mobile-phone maker, appears to have another hit device on its hands even before it goes on store shelves overseas at the end of the month. The Galaxy S III, the latest flagship phone from the South Korean electronics giant, has already racked up 9 million pre-orders, according to a report published in a South Korean busin... - 2012/05/18

Facebook Hit with $15 Billion Privacy Class Action Suit - Facebook is now a publicly traded company -- and it's also under legal fire. Beyond Yahoo's patent litigation against the social media giant, Facebook is the subject of a class action suit over privacy concerns. Facebook users on Friday filed an amended consolidated class action complaint in federal court in San Jose, Calif. The privacy suit involv... - 2012/05/18

Twitter Supports 'Do Not Track' - The "Do Not Track" movement has one more corporate supporter. On Thursday, leading social media site Twitter announced that it will honor requests from users who do not want their online behavior monitored and reported. With this action, Twitter becomes an official supporter of the voluntary privacy initiative for U.S. companies, which has been bac... - 2012/05/18