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Schmidt to Sell Google Stake Worth $2.5 Billion

Google Chairman Eric Schmidt plans to sell stock valued at $2.5 billion over the next year as part of a trading plan that would cut his stake in the Internet company by more than 40%.

 

Welcome To The Club: 2013's Newest Billionaires

As Domenico Dolce and Stefano Gabbana ready their latest collections for this spring’s slew of international catwalk shows, their lawyers will be working behind the scenes to ensure two of Italy’s most successful designers won’t be spending the next few Fashion Weeks behind bars...

 

U.S. Postal Service loses $1.3 billion in October-December

U.S. Postal Service

The U.S. Postal Service lost $1.3 billion in the October to December quarter, an official said on Friday, days after the beleaguered mail agency announced plans to cut back on Saturday delivery to save money.

 

Einhorn sues Apple, marks biggest investor challenge in years

Apple Inc on Thursday confronted its first major challenge from an activist shareholder in years as hedge fund manager David Einhorn's Greenlight Capital filed suit against the company and demanded that it dole out a bigger piece of its $137 billion cash pile to investors.

 

25 billion served up: iTunes reaches milestone

The answer to the trivia question will be: "Monkey Drums (Goskel Vancin Remix) by Chase Buch." That's the 25 billionth song purchased on iTunes....

 

Postal Service to cut Saturday mail to trim costs

U.S. Postal Service

The U.S. Postal   Service will stop delivering mail on Saturdays but continue to deliver packages six days a week under a plan aimed at saving about $2 billion annually, the financially struggling agency says.

 

Cisco Mobile Data Shows Surge in Smartphone Users, 4G Usage

The number of users with mobile devices is expected to climb to 5.2 billion in 2017 from 4.3 billion in 2012 and traffic across high-speed 4G networks will grow 40-fold during that time, according to a five-year forecast for mobile traffic data compiled by Cisco Systems and released today.

 

Dell in $24.4B founder-led deal to go private

Dell Going Private

Slumping personal computer maker Dell is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since the Great Recession dried…Click to Continue »

 

Investigators expose global soccer fixing scam

Hundreds of soccer matches have been fixed in a global betting scam run from Singapore, police said on Monday, in a blow to the image of the world's most popular sport and a multi-billion dollar industry.

 

Chick-fil-A sales kept growing in 2012 despite uproar

Chick-fil-A president Dan Cathy’s controversial comments on “biblical” marriage last summer and the uproar that followed didn’t dampen the Atlanta company’s annual sales. The fast food giant, the nation’s second-largest chicken chain, ended 2012 with $4.6 billion in sales — up 14 percent from $4.1 billion a year earlier. The company also opened 96 news stores, four more than the year before.

 

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