Let's sum up all the news we got lately in the Madonna-world...
- When Madonna and Sean Penn were spotted together at a tony New York City restaurant on Thursday, rumors swirled that the former Mr. and Mrs. Penn might be rekindling their romance.
"Madonna was at the St. Regis having dinner with friends," Liz Rosenberg tells PEOPLE. "Sean stopped by the table to say hello. He sat for ten minutes and then left. Madonna continued with her dinner. That's all it was."
- Director Guy Ritchie is following his ex-wife Madonna into the music industry - by launching his own record company. The "Sherlock Holmes" director has launched Punchbowl Recordings, named after his London pub The Punch Bowl, signing the venue's house band as his first act to get a record deal.
- A-Trak is definitely not working with Madonna.
"Those Madonna rumors started from a joke my boy DJ Mehdi made in an interview. Then it spread to Madonna fan-sites. Then the Daily Star fabricated a quote from me. Next thing you know it was on NME and MTV. I'm not opposed to the idea, but it's all fiction for now."