OiNK Raid Raises The Question: What Risks Are You Really Taking When Downloading Music? Experts say OiNK and other illegal-download site users may not need a lawyer yet, but legal consequences can be quite severe. Read the full article.

Microsoft to Pay $240 Million for Stake in Facebook: Microsoft has won the battle with Google and Yahoo to invest in the social networking upstart Facebook. Microsoft would invest $240 million for a 1.6 percent stake in Facebook. The investment values the three-year-old Facebook, which will bring in about $150 million in revenue this year, at $15 billion.

According to Hits, Coheed and Cambria’s ‘No World For Tomorrow’ will sell around 60-65k copies in its first week, J Records Say Anything’s ‘In Defense Of The Genre’ could sell around 25-30k and Carrie Underwood will sell 450k.

Knoxville Tennessee rapper Mr. Mack has signed to Universal Republic. (coolfer)