As Internet valuations climb and bankers circle Silicon Valley in an increasingly frothy tech market, many eyes are on one particularly desirable target: Twitter. Discussions with some potential suitors have produced an estimated valuation of $8 billion to $10 billion.
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Federal prosecutors unveiled criminal charges alleging that Donald Longueuil traded on insider information when he worked at hedge fund SAC Capital Advisors—and then destroyed his computer drives when he heard about the investigation.
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The U.S. Department of Agriculture predicted corn supplies will fall to lows not seen in 15 years, sending corn futures higher.
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Activision's quarterly loss narrowed as the publisher of games such as "Call of Duty" and "World of Warcraft" recorded smaller charges. The company said it will discontinue "Guitar Hero" development.
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Coca-Cola posted solid fourth-quarter global sales growth and continued to take share from rival PepsiCo in the key North American market.
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Clearwire has abandoned its retail strategy to focus on being a wholesale network provider of fast wireless service, opening the door for additional investment in the struggling company by Sprint Nextel.
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Credit Suisse Group cut its forecast after reporting its fourth-quarter net profit rose 6%, lower than expected as the strong Swiss franc ate into private-banking profits.
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In the wake of AOL's deal to buy the Huffington Post, some Madison Ave. executives say that the site's liberal political bent could turn off some AOL advertisers. Others say it's clicks and audience that matter.
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American International Group sharply increased its claims estimates for insurance policies sold in previous years, a move that will wipe out much of the insurer's operating profit for 2010 but help clean up its balance sheet before a large stock offering in the spring.
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Cisco Systems posted an 18% profit drop in its latest quarter amid growing competitive pressures in its core network switching business despite a 6% increase in overall sales.
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After 219 years as the citadel of American capitalism, the New York Stock Exchange was near an agreement to be acquired by Deutsche Börse in a deal that would create the world's largest financial exchange.
The Fed chief told the House budget panel the prospect of high unemployment and low inflation continued to justify the central bank's controversial purchases of government bonds.
While U.S. and European firms are waking up to Africa's accelerating growth, companies based on the continent also are expanding. From an abandoned farm outside Lagos, Nigeria, a Zambian beef processor is moving into one of Africa's most promising markets.
Auto mechanics hope the new small-business-friendly tone in Washington will re-energize the Right to Repair Act, a bill they say levels the playing field with dealerships.
Chargebacks, reverse credit-card transactions, can happen when a consumer disputes a charge or if there's a processing error. To recoup the loss, merchants must prove to the card company that the transaction was valid, which often is hard to do.
Global drinks giant Diageo said its net profit in the six months to Dec. 1 rose 18% on strong sales in emerging markets but the results fell short of expectations.
Property taxes are the best way for governments to raise the extra revenue they need to reduce their debts without hurting growth, according to a group of OECD economists.
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Sanofi-Aventis reported a 64% drop in fourth-quarter net profit due largely to restructuring costs, and said talks with takeover target Genzyme are continuing, furthering months of suspense surrounding the deal.
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New court filings tied to a high-profile 2008 killing in San Francisco shed light on a case that gripped the city and sparked a debate about immigration policies.
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Sokenbicha, a bitter bottled tea popular in Japan, is one of Coca-Cola's global best sellers. Now, the company is hoping it catches on in the U.S.
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