Facebook buying photo-sharing app Instagram for $1B

NEW YORK (AP) -- Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network's largest acquisition ever.Instagram lets people apply filters to photos they snap with their mobile devices and share them with friends and strangers.Some of the filters make the photos look as if they've been taken in the 1970s or on Polaroid cameras. "This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users,'' CEO Mark Zuckerberg wrote on his Facebook page. "We don't plan on doing many more of these, if any at all.''Facebook said it plans to keep Instagram running independently.That's a departure from its tendency to buy small startups and integrate the technology, or shut them down altogether just so it can hire talented engineers and developers. "We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience,'' Zuckerberg wrote. "We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.''Facebook is paying cash and stock for San Francisco-based Instagram and hiring its roughly 10 employees.

Does employers asking for Facebook passwords violate fed. law?

SEATTLE (AP) -- Two U.S. senators are asking Attorney General Eric Holder to investigate whether employers asking for Facebook passwords during job interviews are violating federal law, their offices announced Sunday.Troubled by reports of the practice, Democratic Sens.

Yahoo sues Facebook over patents

NEW YORK (AP) -- Yahoo is filing a lawsuit against Facebook over patents, following through on a threat it made last month.Yahoo Inc.

Oshkosh woman charged with selling fake Facebook stock

OSHKOSH (AP) -- As Facebook announces plans for going public with a stock offering, an Oshkosh woman is charged with selling fake shares of the Internet social networking company.Marianne Oleson is charged with 33 felony charges in Winnebago County Circuit Court.