Midday Minute July 2 - Tech.

<strong>Facebook Has New Simpler Privacy Settings</strong>

The online social network is testing new ways for users to set privacy settings for any piece of content they post on the site.

<strong>Sirius XM's Mel Karmazin Gets A Pay Raise</strong>

The satellite radio company's board votes to extend through 2012 the contract of the CEO, who gets a pay raise of $250,000 a year

<strong>TerreStar Launching Pocket-Size Satellite Phone</strong>

Reston-based satellite firm TerreStar Networks is gearing up to launch a smartphone and phone service this year that will combine terrestrial wireless service with its upcoming satellite service.