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Investors snap up $17 billion in Apple bonds
First came the frenzy for iPhones and iPads. Now there's a scramble for iBonds. Apple Inc. sold $17 billion in bonds Tuesday, a gargantuan deal that ranked as the largest in global corporate history. And even though the securities are paying...
Tags: Employment, IBM, Bonds, Economy, Business and Finance, Computer Hardware
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DreamWorks Animation acquires AwesomenessTV for $33 million
In a deal that underscores the growing importance of digital platforms for reaching young audiences, DreamWorks Animation said it is acquiring the YouTube teen network AwesomenessTV for $33 million in cash. Under terms of the agreement, DreamWorks...
Tags: Environmental Issues, Brian Robbins, Social Media, Media Industry, Chris Hardwick
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BlackBerry CEO expects tablets to be obsolete in 5 years
Desktop computers appear to be dying, but BlackBerry Chief Executive Thorsten Heins says he thinks tablets will die soon too. Heins said he believes tablet computers will become obsolete in five years, and as such, BlackBerry has no plans to enter the...
Tags: Apple iPad, Apple iPhone, BlackBerry, Computer Hardware, Corporate Officers
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Bill could lead largely to end of Internet sales tax loophole
WASHINGTON — With rare bipartisan support, the Senate is poised to pass a bill this week that could lead largely to the end of the nation's long online sales tax holiday. The measure would allow states to require that large online retailers...
Tags: Politics, Local Government, Economy, Business and Finance, Steve Womack, Sales
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Sprint CEO talks unlimited data, LTE, SoftBank and Dish Network
This post has been corrected. See the note below for details.Sprint Chief Executive Daniel Hesse was in Irvine last week to pick up two J.D. Power awards given to the Kansas-based carrier and Boost Mobile, one of its prepaid brands. The awards, given for rating the highest for customer purchase experience, come...Tags: T-Mobile, Board of Directors, Apple iPad, Japan, Verizon Communications
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Matthew Keys on Reuters firing: 'They were looking for an out'
Matthew Keys, the former deputy social media editor for the Reuters news agency who is accused of conspiring with the hacking group Anonymous, says he was fired because of the federal case against him, not his social media activities as the agency...
Tags: Sports, Tribune Company, Boston Marathon Bombing (2013), Twitter, Inc., Anonymous (internet groups)
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ISPs become copyright enforcers
This week the entertainment industry finally is getting a version of something it has been craving since the original Napster transformed online piracy into a mass-market phenomenon: a new Copyright Alert System that turns Internet service providers...
Tags: Cablevision Systems Corp., Piracy, U.S. Congress, Entertainment Events, Music
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JPMorgan Chase website outage linked to server, not cyber attack
Customers trying to use JPMorgan Chase's website were frustrated again by four hours of disrupted service, but there was a twist this time: The outages were caused by a technical problem with the bank's systems, not by a cyber attack. The intermittent...
Tags: American Express Company, Banking, Computer Crime, JPMorgan Chase & Co.
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Lawsuit over Oscar copyright infringement settled by Academy
Unlike last year, people hoping to jazz up their Academy Awards viewing parties this weekend with an oversized statuette resembling Oscar are now out of luck. The Academy of Motion Picture Arts and Sciences has settled a lawsuit it brought against an ...
Tags: Arts, Laws, Sculpture, Awards and Prizes, Academy Awards
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Steal his movie and Simon Klose will thank you
AUSTIN, Texas — Simon Klose would like you to steal his movie. Stream it, download it, share it with someone in Croatia or Brazil and remix it with videos of kittens playing patty-cake, if that's your kind of thing. Klose, 37, is the director of...
Tags: Apple iTunes, Wars and Interventions, Twentieth Century Fox Film Corp., Anonymous (internet groups), Gaming Industry
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Aereo beats broadcasters' legal challenge, trial likely
Aereo, a media company that distributes broadcast programming via the Internet, survived a major legal challenge to its business from CBS, NBC, ABC, Fox and other broadcasters. In a 2-1 decision, the U.S. Court of Appeals for the Second Circuit in New...
Tags: Television, Judges, Media Industry, News Corp., Court Preliminary
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Avid financial troubles spook Hollywood film editors
In the realm of Hollywood film editors, Avid Technology Inc., is king. But in recent weeks, some unsettling news about the company has its loyal users worried about the company's future. I came across some of these concerns while reporting a story...Tags: Media Industry, Awards and Prizes, Academy Awards, Autodesk Incorporated, JPMorgan Chase & Co.
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