Chinese Officials 'stole $120bn'

RARE DROP: Total U.S. spending on prescription medicines declined last year, a first in more than half a century.

According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture.According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. The deal would give Microsoft Barnes & Noble's e-books, homegrown games and of course its Nook e-readers and tablets. But perhaps not for long: Nook plans to discontinue its Android-based tablet business by the end of 2014, according to the documents. Instead, the company will transition to having Nook content available solely on third-party devices, perhaps ones made by Microsoft, if the purchase goes through.

Commercial casinos in the U.S. have made it almost all the way back from the hard times of the Great Recession.    

With more than one billion unique visitors every month, YouTube asserted last night that the battle between television and the online video giant is over. YouTube claimed victory with six billion views per month. According to the Wall Street Journal, which cited Mark Mahaney's estimates, a stock analyst at RBC Capital Markets,  that YouTube generated about $4 billion in revenue in 2012, up from $2.5 billion in 2011.

Why would a company with $145 billion in cash even bother to issue debt? The answer has a lot to do with the frenzied state of the bond markets.