Life and Style Dear Barry: Open letters have become the way high-flying individuals - and firms - get their message across

It used to be just angry celebrities (and Moses) who wrote open letters. Now, even America's top businesses are taking the president to task, says Clare Dwyer Hogg

Facebook gets more friends as 2009 revenues 'hit $900m'

The ubiquitous social networking website Facebook achieved revenues of $900m (£608m) in 2009, it was reported yesterday.

AOL to sell social network site Bebo

AOL will sell its Bebo social network site to private investment firm Criterion Capital Partners for an undisclosed sum, as it tries to restructure its business and deal with declining revenue.

James Moore: Bebo's blow-up offers lessons that Facebook must pay heed to

Outlook So bye-bye Bebo. If ever you needed confirmation that AOL has the reverse of the Midas touch, it's this deal. The former social networking phenomena that fancied itself as a rival to Facebook when the men with the minus touch came a calling with $850m less than two years ago, has been offloaded for a couple of quid, a packet of chewing gum and some football trading cards.

Bought by AOL for $850m and sold for less than $10m, Bebo finds new owners

AOL has offloaded Bebo, the social networking site that once threatened the dominance of Facebook in the UK, for a tiny fraction of the $850m (£575m) it paid for the company two years ago.

Stephen Foley: Buried in a local paper: a glimpse of the future of journalism

US Outlook: There was a new byline on the business pages of the Daily Tribune in Michigan last Sunday. It was a little byline on a humdrum story ("Maytag recalling 1.7 million dishwashers"), buried deep inside a small local paper from the rust belt of the US. But it looked to me like a vision of the future of newspapers.

Screen Talk: Warner hopes for a better Time

Hollywood insiders and shareholders alike are whooping with delight now that the decade-long struggle to merge AOL and Time Warner has finally ended. Now it's just plain Time Warner and can concentrate on "creating content". That's corporate speak for movies and TV shows such as the Harry Potter franchise, HBO's The Wire, or Gossip Girl. After the applause died down at the company's last AGM, one shareholder wondered aloud why the company couldn't go the whole hog and change its name to Warner Bros. "At least we got 'AOL' out of there," Time Warner CEO Jeffrey Bewkes (above left) replied. The magnitude of that mistake clearly still weighs on the minds of shareholders, who watched the value of their shares plunge 90 per cent in the years after AOL used its over-valued stock to buy Time Warner, an event that led to a $99bn write-off.

Bebo hope in finding teenager's killer

Detectives investigating the murder of a teenager whose badly burned body was found in a field said today they hoped to set up a Bebo site to persuade young people to contact them with information.

Life for AOL after the worst deal in history

After a painful demerger from Time Warner, profit warnings and asset sales, Stephen Foley asks if AOL has a future

Bebo's friends desert it

AOL may soon close the site it bought for $850m just two years ago

David Prosser: Bebo didn't learn lessons of history

Outlook Suddenly, the £145m that ITV lost on Friends Reunited – bought for £170m in 2005 and sold last month for £25m – does not look quite so embarrassing. AOL paid $850m (£560m) for Bebo in 2008. Now it wants out of the social networking business, it's difficult to see it getting even a tenth of that – or even who might want to buy it.

Bebo to be sold or shut down in 2011

AOL plans to find a buyer for its social networking site Bebo, for which it paid $850 million (£558 million) in 2008, or shut it down.

Questions Of Cash: 'I didn't pay enough interest to account small-print'

Q. A year and a half ago I responded to a promotional interest rate offer from Alliance & Leicester, investing £75,000 in its online saver account. After six months I received my first interest payment, which was only on £25,000. It emerged the maximum investment was £75,000. I am not normally careless, but I obviously did not read the small print. Alliance & Leicester refuses to pay the extra interest. MG, London.

Time seeks closure on the worst deal in history

The media group is desperate to consign its disastrous merger with AOL to history – a boost in profits in its first results since the split suggests it has

AOL posts profit, but subscribers dwindle

AOL Inc posted a quarterly profit and beat Wall Street's revenue expectations, even though the weak advertising market and the Internet company's dwindling subscriber base

Tom Sutcliffe: An age-old problem that affects us all

So what's it to be then? A "martini and a medal", Martin Amis's deliberately provocative shorthand for street corner euthanasia booths, or "flexible working" until we drop in the traces? Are Britain's old people a demographic time-bomb, or are they a resource that we can't afford to waste (or, more bluntly, just can't afford unless they chip in themselves)?

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Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible
Look what's mushrooming now! Meat-free recipes and food scandals help one growing sector

Look what's mushrooming now!

Meat-free recipes and food scandals help one growing sector
Neil Findlay is more a pink shrimp than a red firebrand

More a pink shrimp than a red firebrand

The vilification of the potential Scottish Labour leader Neil Findlay shows how one-note politics is today, says DJ Taylor
Bill Granger recipes: Tenderstem broccoli omelette; Fried eggs with Mexican-style tomato and chilli sauce; Pan-fried cavolo nero with soft-boiled egg

Oeuf quake

Bill Granger's cracking egg recipes
Terry Venables: Wayne Rooney is roaring again and the world knows that England are back

Terry Venables column

Wayne Rooney is roaring again and the world knows that England are back
Michael Calvin: Abject leadership is allowing football’s age-old sores to fester

Abject leadership is allowing football’s age-old sores to fester

Those at the top are allowing the same issues to go unchallenged, says Michael Calvin