Roger Penske’s son Jay Penske is a Michigan-born entrepreneur that went to high school at St. Mary’s Preparatory and went to Wharton business school at the University of Pennsylvania. He is currently the Chairman and CEO of Mail.com Media Corp (MMC), a digital media and publishing company. Mail.com owns websites such as Mail.com, Deadline.com, OnCars.com, MovieLine.com, MailTimes, Fan.com, and HollywoodLife.com. Jay also founded a company that developed the firefly mobile phone for kids. Mail.com raised $35 million from Quadrangle Group in September 2008.

Google Inc. (NASDAQ:GOOG) decided not to release the Nexus One mobile phone on Verizon Wireless because they plan to launch a device on the network called the Droid Incredible. The Droid Incredible reflects an amazing innovation in the Android platform according to Google in a statement. The Droid Incredible will cost $200 with a contract.

Google Inc. (NASDAQ:GOOG) has acquired LabPixies a company that developers gadgets for iGoogle. The LabPixies team will work at the Google offices in Tel Aviv, Israel where they will continue to develop web applications for iGoogle. [Google Code Blog]

Here’s a breakdown of what happened at Gizmodo within the last month.
1. Apple engineer Gray Powell left iPhone prototype at the bar on his 27th birthday night.
2. Drunk guy tells another anonymous guy that he left his iPhone behind and gave it to him.
3. Anonymous guy takes the phone home and turns on the device, notices errors with the camera. When anonymous guy tried to turn on the iPhone the next day, it was bricked through MobileMe–someone killed the iPhone remotely.
4. Anonymous guy opens the iPhone 3GS and inside he finds an iPhone that is supposed to be released in the future.
5. Anonymous guy attempted to call Apple HQ and return the device, but kept getting blown off.
6. Gizmodo gets their hands on the device at the cost of $5,000.
7. Gizmodo writes a few posts about the new device (resulting in millions of extra website hits), then sends the device back to Apple.
8. Police raid the home of Gizmodo editor Jason Chen. The police took his computers, two servers, an iPad, an iPhone, hard drives, and several other devices.

Was the device confiscation legal? That question can be answered if “bloggers” can be considered “journalists” according to the law

David Warthen, the founder of Ask Jeeves has joined AllVoices.com as the CTO. Back in the mid 1990′s, Warthen sold Ask.com to IAC for $1.85 billion. IAC ended up renaming Ask Jeeves to Ask.com Warthen also worked at Demand Media’s Answerbag.com for a short amount of time. AllVoices is a news website that depends on citizen journalism. [VentureBeat]

At the University of Waterloo, there is a herd of dairy cows that are on Twitter. The cows tweet about their milk production through RFID devices attached to them. The RDIF devices also report the cows’ eating habits. The project is part of a U-Waterloo Critical Media Lab experiment. Some of the people behind the project include lab members Ron Broglio, Marcel O’Gorman and Pouya Emami. They are working with dairy farmer Chris Vandenberg at the Buttermine Farms in Brant, Ontario. [Teat Tweet via Mashable]

Rasmus Lerdorf, founder of the PHP programming language has joined WePay. Lerdorf quit Yahoo! last November and now he will be leading the development of the WePay API. The API will be available to a limited number of developers this summer. WePay is a company that helps you collect money from a group of people that owe you. Competitor PayPal is more known for one-to-one payments. WePay has become especially useful for fraternities that and college roommates. [TechCrunch]

Ford Motor Company (NYSE:F) has hit $2.1 billion in profit in Q1 of 2010, which is a $3.5 billion improvement from last year. Not too shabby Ford…