A Russian investment firm, Digital Sky Technologies, has invested $200 million in the social networking company Facebook in return for a 1.96 percent stake, the two companies said Tuesday. The investment values Facebook’s preferred stock at $10 billion, a $5 billion drop from October 2007 when Microsoft paid $240 million for a 1.6 percent stake. [...]
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Icahn resigns from Yahoo’s board on friendly terms SAN FRANCISCO – Activist investor Carl Icahn has decided his work is done at Yahoo Inc. after muscling his way on to the slumping Internet company’s board nearly 15 months ago. In a resignation letter Friday, Icahn said he felt like it was time to leave Yahoo [...]
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Regardless of how much closer Obama’s budget brings our economy into a balance of payments not seen since 2001, we will continue to run deficits for the next decade, and the national debt will keep growing every year that happens. While most of the country’s $14 trillion debt is held by private banks in the [...]
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A giant asteroid smashing into Earth is the only plausible explanation for the extinction of the dinosaurs, a global scientific team said on Thursday, hoping to settle a row that has divided experts for decades. A panel of 41 scientists from across the world reviewed 20 years’ worth of research to try to confirm the [...]
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“Vivid pink” diamond sells for record $10.8 million HONG KONG (Reuters Life!) – A rare, 5-carat pink diamond was auctioned off for a record $10.8 million in Hong Kong on Tuesday, putting some shine back into the world’s rare and large stones market which was badly hit by the financial crisis. The stone, of a [...]
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Microsoft: There is no NSA “backdoor” in Windows 7 Microsoft assured users over the weekend that rumors of a secret “backdoor” in Windows 7 which would grant federal authorities access to Windows computers without their users’ permission were completely false. Reacting to the concerns raised by privacy advocates after it was revealed that the NSA [...]
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Whether you’re looking to surf from an ultralight netbook at your favorite coffee shop, tear into opponents on a gaming PC, or edit family videos on a touch-friendly all-in-one desktop, this year’s crop of laptops and desktops offers a bounty of power and flexibility at prices that have never been more reasonable. We’ve compiled some [...]
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Despite the fact that Uggs and their many knockoff incarnations have long been considered a “fashion don’t,” lots of women love and continue to wear these suede and sheepskin boots all winter long. They’re warm, they’re cozy, they’re easy to throw on with any outfit, they feel like slippers, and they’re a celebrity favorite. Of [...]
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LONDON, England (CNN) — Michael Jackson fans who purchased tickets for his final concerts will receive a full refund or, if they chose, a commemorative ticket, the concert promoter said Tuesday. A fan shows off the first ticket bought at the O2 Centre in London for one of Michael Jackson’s concerts. “The world lost a [...]
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Paris – Wind is the fastest growing renewable energy in Europe – making up a third of new energy here, with 20 turbines added every working day in 2008, according to EU statistics. What the European wind energy industry now wants is to expand – offshore. Ocean winds are a stronger and more predictable form [...]
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