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Z-AP-ECONOMY
Warren Buffett gives young entrepreneurs 10 shares
Posted 4:50 PM 5/20/2013
OMAHA, Neb. (AP) Meeting Warren Buffett was exciting, but 10-year-old Matthew Meyer said winning $5,000 and 10 shares of stock in Buffett's company made Monday the best day of his life.
Matthew said he never expected to make the finals in Omaha, much less win the entrepreneurial contest (More)
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Z-AP-ECONOMY
Under Mayer: Boosting mobile, buying companies
Posted 4:42 PM 5/20/2013
Yahoo Inc. lured Marissa Mayer from Google in July to become its fifth CEO in as many years. Her task: Help the Internet pioneer regain its stature after years in a financial funk. In her 10 months leading the company, she has overseen a redesign of Yahoo services and orchestrated several (More)
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Z-AP-ECONOMY
Panel: Apple uses firms outside US to avoid taxes
Posted 4:34 PM 5/20/2013
WASHINGTON (AP) Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.
The world's most valuable company is holding overseas some $102 billion of its $145 billion in (More)
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Z-AP-ECONOMY
Actavis buying Warner Chilcott in $8.5B deal
Posted 4:33 PM 5/20/2013
NEW YORK (AP) Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
The announcement Monday comes after the companies said earlier this month that they were in talks about (More)
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Z-AP-ECONOMY
Senators require fingerprinting at 30 airports
Posted 4:20 PM 5/20/2013
WASHINGTON (AP) Senate supporters of far-reaching immigration legislation accepted minor changes in public while negotiating over more sweeping alterations in private Monday as they drove toward expected Judiciary Committee approval by mid-week.
In a long day of drafting, the panel voted (More)
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Z-AP-ECONOMY
Idaho couple and Sun Valley land in Twitter tussle
Posted 4:08 PM 5/20/2013
BOISE, Idaho (AP) An Internet entrepreneur and former Wall Street derivatives analyst contends central Idaho's Sun Valley resort and the Twitter Inc. social media site heisted his handle.
Leonard Barshack, who in the 1990s founded the Internet email listing service Bigfoot, is suing (More)
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Z-AP-ECONOMY
Small company stock are a bright spot
Posted 3:52 PM 5/20/2013
NEW YORK (AP) Small-company stocks were a bright spot in a subdued start to the week for Wall Street.
The Russell 2000, an index of small-company stocks, climbed above 1,000 points for the first time and ended higher Monday, even as the Dow Jones industrial average, the Standard & (More)
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Z-AP-ECONOMY
Tumblr CEO's mom gushes over billion-dollar baby
Posted 3:29 PM 5/20/2013
NEW YORK (AP) As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided to drop out altogether to devote more time to his (More)
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Z-AP-ECONOMY
High crop prices entice farms to expand planting
Posted 1:39 PM 5/20/2013
BIGGSVILLE, Ill. (AP) Clark Kelly plans to spend a lot of time on the links this spring. The Illinois farmer is plowing the Hend-Co-Hills Golf Course near tiny Biggsville into a cornfield.
He's not the only one turning over soil in unlikely places. Across the Midwest, farmers are planting (More)
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Z-AP-ECONOMY
Yahoo takes big leap with $1.1B deal for Tumblr
Posted 11:55 AM 5/20/2013
SAN FRANCISCO (AP) Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times.
The deal announced Monday is Mayer's boldest move since she left Google 10 months ago to lead Yahoo's latest (More)
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Z-AP-ECONOMY
Blackstone group offers to take Pactera private
Posted 11:23 AM 5/20/2013
Private equity firm Blackstone Group LP, along with Pactera's CEO and other managers, have offered to take Pactera private in a deal that values the Chinese technology consulting and outsourcing firm at $680.4 million.
Shares rose 31 percent Monday. Through Friday's close, before news of (More)
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Z-AP-ECONOMY
Seamless and GrubHub to combine, no terms revealed
Posted 9:54 AM 5/20/2013
NEW YORK (AP) Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S.
Financial terms were not disclosed and it's unclear what the combined company (More)
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