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Business

  1. Weird

    Shut the Front Door, Starbucks To Sell Alcohol Across The US

    Four Loko may be banned, but a strategically covered mermaid is ready to fill the nation's caffeine and alcohol void. Starbucks has announced they will start selling beer and wine across the US as part of an ongoing attempt to fulfill America's every beverage desire.

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  2. Gaming

    Activision Blizzard Buys Freedom From Parent Company, Goes Its Own Way

    Today in the world of money, gaming powerhouse Activision Blizzard has announced plans to buy itself from parent company Vivendi Universal in a two-part stock deal. When the dust settles, almost $8.2 billion of stock will have changed hands, leaving Activision Blizzard free to go its own way. We kinda suspect the new company will do OK.

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  3. Tech

    Ouch: Sony’s Bond Rating Now One Step Above Junk Bonds

    How the mighty have fallen. Credit rating agency Moody's has dropped their rating on long-term bonds issued by Sony to it's lowest investment grade, marking them just one notch above junk bonds. For the couple of you that might not be investment bankers out there, this means that the agency believes there is a very, very good chance that the Japanese tech giant is in real trouble and may not be able to pay off its long-term debt.

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  4. Tech

    Amazon Makes No Profit on Kindle Sales, Follows Drug Addiction Sales Model

    The trick to being a drug dealer, or so I'm told, is understanding that one must build a clientele. The key to financial success is to offer a taste for free in order to hook folks. You're want to provide a service, after all, not just score a single sale. This mindset is also apparently shared by Amazon, as they make no profit on the sales of their Kindle Fire HD or Paperwhite. Amazon's profits instead come from the odds and ends purchased via these platforms.

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  5. Gaming

    Zynga Continues to Bleed Money, Notes Big Loss on OMGPOP Acquisition

    Zynga isn't doing so well these days. Their quarterly performance has been abysmal of late, and they've just announced that they'll be writing off between $85 and $95 million in association with the acquisition of OMGPOP. Considering that Zynga shelled out between $180 and $210 million for the company, that's a rather massive nosedive. What goes up must come down, after all, and Draw Something didn't have much of a revenue model. Looks like the Zynga is finding that out the hard way.

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  6. Entertainment

    Father of “Gangnam Style” Performer Reaps the Benefits, Sees Company Share Price Increase 285%

    There's no good way to explain the sudden spike in the share price of Korean semiconductor manufacturer DI. Over three weeks, the company has rocketed from around $1.80 to $5.12 a share. The shift is baffling, considering that there's been no change financially for the company otherwise. It's not like they unveiled some amazing contraption that might drive such growth. DI's main shareholder, however, just so happens to be Park Won-ho. He's the father of Park Jae-sang -- as in PSY, the performer behind the immensely popular "Gangnam Style" song.

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  7. Tech

    Google Becomes World’s Second Largest Tech Company, Confirms Internet is Serious Business

    Microsoft has finally had to abdicate its throne to Google; the Internet giant has surpassed Microsoft's market capitalization to take second place among technology companies. Only Apple sits above the two, though it has more market capitalization than Google and Microsoft combined. If nothing else, this finally does confirm that the Internet is serious business, especially for a company in the technology sector.

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  8. Tech

    Wal-Mart Stops Stocking Amazon Kindle, Takes Ball on Way Home

    The eBook pricing dispute between Amazon and pretty much every other provider has had some nasty repercussions. In general, though, the traditional brick and mortar businesses aren't a big fan of the way Amazon operates, with promotions where they specifically suggest folks shop in stores and then buy from their online portal instead. Wal-Mart has now made the call to stop stocking Amazon's Kindle tablet.

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  9. Tech

    Yahoo! Ditches BlackBerry, Offers Variety of Phones to Employees

    In their continuing bid to remain relevant, Yahoo! is apparently going to replace the corporate phones of all their employees. The old mainstays, BlackBerry devices, will be replaced by their much cooler cousins -- like the iPhone 5 and Nokia Lumia 920. Sure, this might come off as another stab at RIM, but really it's just Yahoo! attempting to get with the times.

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  10. Tech

    eBay Reveals New Logo, Attempts to Explain Why It’s Not Boring

    The announcement of new corporate logos are often a dull affair. It's often meant to signal some kind of shift in business strategy, but more often than not it feels like a self-masturbatory maneuver. Yes, we see that you've grown, and it's great that you're doing well, but using a new font doesn't actually mean your company intends to go about things any differently than they have. This is the kind of environment that eBay's announcement that they have a new logo exists within. So, huzzah for them.

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  11. Tech

    Sharp Mortgages Nearly Everything to Stay in Business

    Nothing invokes consumer confidence quite like a company having to mortgage nearly everything they own just to pay the bills. Sharp has done just that with most of its offices and factories, striking a deal with two financial groups to secure up to 150 billion yen, or $1.92 billion, in credit. Should Sharp default on their loan, these buildings would be used to cover their debt. As Sharp struggles to stay afloat, this cash infusion might last them until they can cut a more lucrative deal elsewhere, or it might be their undoing.

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  12. Gaming

    OnLive Bought by Mysterious New Company, Hopefully Using Powers for Good

    Yesterday was just a giant roller coaster ride for for video game streaming service OnLive. After rumors that the company would be shutting its doors for good, a company statement revealed that it's been bought out by an unknown company. Details remain scarce, but the entire situation is interesting.

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  13. Tech

    Best Buy Founder Offers to Buy Business Back

    Best Buy's founder, Richard Schulze, resigned as chairman of the company just this past June after it was revealed he'd mishandled allegations against the CEO. At the time, he was considering his options in regards to the 20% stake he had in the company, and it looks like he's finally made a decision. In a letter sent to the board, Schulze has offered to take the company private for $24 to $26 a share -- which roughly translates to $8.5 billion at the midpoint.

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  14. Tech

    Yahoo! Slowly Becoming Google, Finally Offers Free Lunch

    They say there's no such thing as a free lunch. Regardless of how it gets to you, somebody paid for it. Paying is no longer a concern for Yahoo! employees in Silicon Valley as their new CEO, Marissa Mayer, has revealed that their cafe will be offering food to them free of charge. This kind of service was already a staple at Google and isn't unheard of in the professional world these days. A free lunch isn't the only thing Mayer's brought with her, though.

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  15. Tech

    Apple Misses Estimated Quarterly Earnings by Nearly a Billion

    Looks like even Apple can manage to fail to meet expectations from time to time. The company is reporting quarterly earnings of $9.32 per share -- to the tune of $8,800,000,000 total -- on $35,000,000,000 in revenue. That certainly seems like quite a bit of money, but if the numbers are correct, it means they actually missed analysts' estimates by nearly a billion dollars.

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