Yahoo bidders push ahead despite souring finances

Prospective buyers of Yahoo's Web assets have not been dissuaded by a new and sobering look at the company's souring financials. Verizon Communications Inc. plans to make a bid for Yahoo's Internet business next week, Bloomberg News reported. The telecom giant is willing to acquire…
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Michigan gas prices top $2 for the first time since 2015

AAA Michigan reports that the statewide average daily gas price increased 5 cents from the previous week to about $2.02 per gallon. That’s about 5 cents more than last week’s average and about 42 cents less than this same time…
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Facebook director Andreessen sorry for India Internet remarks

Marc Andreessen, a prominent venture capitalist and Facebook Inc board director, apologised on Wednesday for tweets that condemned the Indian government for banning the social media company's free Internet service. India introduced rules on Monday preventing Internet service providers from…
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Unemployment rate lowest in 8 years

The nation's unemployment rate dropped to 4.9 percent in January, hitting its lowest point in eight years, since February 2008. The nation's payrolls expanded by 151,000 jobs in January, lower than the increase in recent months, when payrolls expanded by…
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Credit Suisse posts first loss since 2008, sees tough markets

Credit Suisse reported its first full-year loss since 2008 after it took a big impairment charge for its investment banking business under new Chief Executive Tidjane Thiam. Shares fell more than 9 percent in early trading to hit their lowest level…
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Alphabet is poised to be world’s most valuable company

Google got a new name and now is on the brink of a new title: The tech titan looks set to be crowned the most valuable company in the world, toppling fellow Silicon Valley heavyweight Apple Inc. The Mountain View,…
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Yahoo to cut 15 percent jobs and close several units

Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of the company's workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday. The plans are…
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Helicopter service from Uber and airbus

Taxies are already a thing of the past and on-demand ride companies are starting to replace them slowly but surely. The main reason is that these companies, Uber especially, seems to be seen as more trustworthy. And because the company…
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