BUSINESS

Mark Zuckerberg Owes Uncle Sam $1B in Tax Bills [PHOTOS]

Facebook founder and Chief Executive Officer Mark Zuckerberg could be facing a $1B in tax bill as he files his 2012 tax return at the IRS this year. The staggering amount result from Zuckerberg’s move to go public in May last year to increase his stake in the world’s first successful social media company.

How Economists Practice Economics of the Moron Class

It takes an economist to say something so stupid that the whole world is dumber for having heard it. Put a group of economists together and ask them what they think about government spending and you get a colossal stupidity that instantly makes the whole nation stupider.

Facebook Home Launcher: What's Hot and What's Not [Videos]

Mark Zuckerberg, CEO of Facebook wasn't lying about the "no Facebook phone" and instead released the first Facebook Home Launcher which is a software for Android, putting social networking on front and at the centre. What is Facebook Home and how does it work?
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Zynga Enters Gambling Sector

Zynga Inc. had been looking to solve its problem and it seems that it finally found a way. The famous online game publisher finally informed that it would ingress the real-money gambling sector in the UK. Is this the end of Zynga's problems?

Australian Stock Market Report – Afternoon 4-4-13

Local stocks followed Wall Street and European markets into the red today, as political jitters over North Korea and weak global economic data weighed on sentiment. The All Ordinaries Index (XAO) closed near its lows of the day, down almost 1%.

Australian Stock Market Report – Midday 4-4-13

As expected, the Australian market is losing ground following weakness from global equities overnight. The All Ordinaries Index (XAO) is down 0.6 per cent to 4937.4 at lunch. With only a day of trade remaining this shortened trading week, local share have slipped by around 0.9 per cent over the past four sessions.

Worrying Signs (Again) For US Stock Markets

ADP and ISM data misses deal mild blow to USDBy Kathleen Brooks, Research Director UK EMEA FOREX.comThe problem with this US recovery and stock market rally is that no sooner are you lulled into a false sense of security that the economic recovery will continue then a data point reminds you that the...

Australian Stock Market Report – Afternoon 4-3-13

Despite a positive start on the back of gains on European and US markets overnight, the local bourse was sold off today following chatter from two US Federal Reserve Presidents that the stimulus which has been supporting the US economy since the GFC could be wound back this year.

Sideline Casualties in the Currency War

Let's begin this week's reckoning with some lip service for the performance of the S&P 500. America's big blue chip index was up 10% in the first quarter. It made a new all-time high late last week when it closed at 1569. It took six long years from the 2007 high until now. But we made it!

Australian Stock Market Report – Midday 4-3-13

Despite a slightly stronger start to the session for the 2nd day running (something which hasn't happened in 4 weeks), the All Ordinaries Index (XAO) is 0.2 per cent or 8.6 pts lower to 4986.9. Shares slumped by 2.7 per cent in March, making it the worst month of trade since May 2012.

Is This the Nokia Lumia 950? (LEAKED PHOTO)

Amid speculations that Nokia will roll out the Lumia 928 in April on Verizon Wireless, Techno Buffalo cited on Wednesday an WPCentral report that the successor to the Lumia 928 and 920, the Lumia 950, is coming out soon.

Wraith of Triple Dip Recession in UK Averted, BCC Says

The British Chamber of Commerce (BCC) has informed that there is a high probability that the wraith of a triple dip recession was averted owing to strong exports in the first three months of 2013. However, it was underlined that any recovery would be probably slow and modest.

Playboy Models Keep Clothes on in New iPhone App

In an attempt to reach the younger and tech-savvy red-blooded male market, Playboy just released an app for Apple's iPhone. However, those seeking more skin that the famous magazine's print version would be disappointed because the models keep their clothes on in the high-tech version.

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