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+4 +2
Facebook to pay no tax for 2012 and will even get tax refund of $429m despite $1BN profits
Facebook claim they have a $559 million federal tax liability. But a huge tax break means the world's largest social media company will actually receive a refund.
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+6 +3
'Reader's Digest' Parent Company Files For Bankruptcy Protection
The venerable magazine's parent company has filed for bankruptcy protection for the second time in less than four years. RDA Holding says it plans to emerge from Chapter 11 in less than six months. The magazine will continue to be published during the period.
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+5 +1
Office Depot, OfficeMax merger is about survival
Shareholders would get 2.69 shares of Office Depot for each OfficeMax share they own.
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+11 +3
Pinterest valued at $2.5 billion
The digital pinboard site raised $200 million in a new round of funding.
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+6 +3
UK gets stripped of AAA rating
Moody's just downgraded the U.K. to AA1 from AAA in a classic Friday night, after-hours move.
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+8 +3
The recession was her fault
Meet Wall Street's scapegoat, the one person to get jail time for the most massive mortgage fraud in history.
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+11 +5
Five Military Cuts That Would Fix Sequestration
Sequestration will result in fewer pilot training hours and under-prepared soldiers. Real economies would be simpler and more effective, militarily
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+6 +3
Will Apple Keep Thriving?
Much of the anxiety about Apple stems from a concern that it may finally be “hitting a wall” in the innovation department. But the fact that Apple’s epitaph has been written before should make us skeptical of this most recent death knell.
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+13 +3
Is Twitter actually worth $10 billion? We have our doubts
Twitter's latest private market valuation of $9 billion, as pegged by a large investment from the BlackRock Group, turned heads. Is the valuation fair?
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+4 +1
When Tim Cook Talks, Apple's Stock Drops
On Wednesday afternoon, Apple CEO Tim Cook addressed investors and the media at the company's annual shareholders meeting. It was the sixth time in the last five months that Cook has made something like a public appearance; and it is also the sixth time in the past five months that Apple's stock has closed down after Cook appeared.
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+7 +4
Green Scream: The Decay of the Hollywood Special Effects Industry
Following Life of Pi's Oscar win, VFX artists are rallying to draw attention to effects studios losing work to international firms.
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+7 +2
Apple Stock Just Crashed To A New Low
On an up day for the market, no less.
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+9 +2
Corporate Profits Are Eating the Economy
Here are two things that are true about the economy today. The Dow Jones industrial average is poised to set a new record as corporate profits stretch to all-time highs. And, there are still fewer working Americans today than there were before the start of the Great Recession.
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+6 +2
What The Combined Wealth Of All 1,426 Billionaires Could Do
For the 27th annual Forbes billionaires list, our team of reporters spent months tracking down the wealthiest people around the globe. We looked at public companies and hidden fortunes, as well as a host of other luxury assets to compile the authoritative account of the rich in 2013 (read more about our methodology here). Ultimately, we found 1,426 billionaires who are together worth a total of $5.4 trillion — a record sum.
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+9 +3
Judge slams Apple in privacy suit, says he can no longer take what company says at face value
Apple's famous secrecy may have just gotten it into some legal trouble. San Jose-based U.S. Magistrate Judge Paul S. Grewal has issued a scathing ruling in a privacy suit involving the company in which he questions Apple’s integrity and says that he will no longer take what the company says and face value.
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+7 +3
Is Apple running out of juice?
Has Apple has lost its way? Bobbie Johnson and Mike Butcher debate whether the tech giant is in terminal decline.
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+14 +7
Costco Proves Republicans Wrong By Paying a Living Wage and Watching Profits Soar
Costco is proving Republicans and the Wal-Mart wrong by paying workers a living wage while also earning record profits.
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+6 +2
The Day Mark Zuckerberg Turned Down Yahoo's $1 Billion
The PayPal co-founder, early Facebook investor, and Founders Fund managing partner talks about the most famous deal that never happened--and what luck has to do with it.
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+6 +2
Charts: Bush Lowballed Us on Iraq by $6 Trillion
…and counting.
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+8 +3
Why is Yahoo on a spending spree?
Today, Yahoo announced it would buy Jybe, a startup delivering personalized recommendations for movies, books, and restaurants. Jybe’s mobile app will be shuttered, but the acquisition brings a team of five former Yahoo employees back to the company.
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