Nokia is buying Alcatel-Lucent for $16.6 billion

The all-stock deal values the French firm at €15.6 billion ($16.6 billion). The combined company will be called Nokia Corporation, with headquarters in Finland. Alcatel (ALALF) shareholders will be paid 0.55 Nokia (NOK) shares per Alcatel share,...

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Is this Chinese drone maker worth $10 billion?

SZ DJI Technology Co., better known as DJI, is looking to raise money from investors at a $10 billion valuation, according to media reports. A company spokesman confirmed to CNN that DJI is talking to venture capital firms, but declined to comment further....

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Guess where the hottest housing markets are?

Homes in San Francisco are selling fast: 26% are still for sale after 60 days. Of the top 10 fastest-moving housing markets, 8 are located in California, with San Francisco, San Jose and Oakland taking the top three spots, according to a report...

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Hillary channels Elizabeth Warren in campaign bid

In her video campaign announcement Sunday, Hillary Clinton unveiled what's expected to be the central theme of her presidential bid: Serving as a champion for "Everyday Americans." "Americans have fought their way back from tough economic times, but...

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Will.i.am is selling sheets made from old Coke bottles

Will.i.am is partnering with Coke and W Hotels on a line of bed sheets partially made from old plastic bottles. It's not that he's fallen on hard times in the music biz, it's more that he's into recycling. So the Black Eyed Peas frontman has partnered...

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This Indian city has the world's worst air

In 2014, the World Health Organization measured air quality levels in 1,600 cities around the world, and the Indian capital city of New Delhi was found to have the highest concentration of particulate matter smaller than 2.5 micrometers, also called...

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Donald Trump: I don't want T-Mobile in my hotels

The Donald and the CEO of T-Mobile (TMUS) became embroiled in an epic Twitter battle this weekend, in which Trump said he wanted T-Mobile out of his establishments. "T-Mobile service is terrible! Why can't you do something to improve it for your...

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The 'Hillary beat': Who's covering Clinton

The New York Times was particularly early out of the gate. The paper shifted reporter Amy Chozick to its politics team to cover Clinton in the summer of 2013 -- 649 days before Clinton's announcement on Sunday. By the end of that year, BuzzFeed put...

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China is poised to report worst growth since the financial crisis

Gross domestic product is forecast to have expanded by 7.0% in the first quarter of 2015, compared to the same period last year, according to the survey's median estimate. That's quite a drop from the final quarter of 2014, when economic growth...

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HBO still hasn't heard from Scientology lawyers for 'Going Clear'

"Facts are stubborn things," HBO CEO Richard Plepler said in an interview with CNNMoney this week. "Everybody's entitled to their own opinion, but they're not entitled to their own facts," he added. "I think the documentary bears up very well to any...

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The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013. President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released...

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Hillary Clinton's economic plans need an overhaul

Clinton is expected to begin her presidential campaign this weekend, yet she's stayed mum on the economy -- something she hammered on during the 2008 campaign. "She's a blank check at this point," says Dean Baker, co-director for the Center for...

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BuzzFeed reposts deleted Dove article

BuzzFeed reposted a story about Dove soap after questions arose over why it had been deleted. "I blew it," Editor-in-Chief Ben Smith wrote in a memo that he tweeted Friday. "Twice in the last couple of months, I've asked editors -- over their better...

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The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013. President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released...

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HBO still hasn't heard from Scientology lawyers for 'Going Clear'

"Facts are stubborn things," HBO CEO Richard Plepler said in an interview with CNNMoney this week. "Everybody's entitled to their own opinion, but they're not entitled to their own facts," he added. "I think the documentary bears up very well to any...

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Cosmopolitan magazine secures first Chelsea Manning interview

Chelsea Manning seen in a photo she sent to a military supervisor in 2010. The article marks the first time Manning has spoken "as an army private who leaked classified documents, went to military prison, and sued for the right to transition into...

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Google doesn't care where you went to college

Not really, according to Laszlo Bock, Google's Head of People Operations. When the company was small, Google cared a lot about getting kids from Harvard, Stanford, and MIT. But Bock said it was the "wrong" hiring strategy. Experience has taught him...

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The unlikely company behind the Nikkei's dramatic rise

The benchmark index is up 14% this year, building on an incredible 125% boom since mid-2012. It's easy to find reasons for the index's performance: The central bank is pumping money into the economy at a torrid pace, and Prime Minister Shinzo Abe...

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Hong Kong stocks soar as investors flood market

The Hang Seng Index hit its highest point in seven years on Wednesday, the first day of trading after an extended holiday. Hong Kong stocks continue to soar on Thursday, pushing the market up 7.6% this week, and nearly 15% this year. Analysts...

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Forget GDP. These nations are doing better than the U.S.

The U.S. ranks 16th in the Social Progress Index, which is based on dozens of criteria measuring well-being, opportunities and basic human needs. The ranking, released on Wednesday, puts Norway on top, followed by Sweden and Switzerland. It was...

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Jon Stewart on Rolling Stone: 'I'll fire them'

"If nobody else has the guts to do it, I'll fire them," Stewart said on "The Daily Show" Wednesday night. "I'm making a citizen's firing. Pack up your desks!" Stewart's "citizen's firing" comes just days after Rolling Stone publisher Jann Wenner concluded...

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Psychiatrist wants patients to see his name in the New York Times

Is this narcissistic? "Please print this letter so that when my patients Google me they will see that their psychiatrist and psychoanalyst has been published in The New York Times," wrote Levin, who lives in the Philadelphia area and has had a...

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China's taxman is coming for Alibaba

Two of the company's "lock up" agreements have now expired, releasing an additional 437 million shares for trading. Another 1.6 billion shares -- owned by co-founders Jack Ma and Joe Tsai and investors Yahoo and Softbank -- will be eligible to hit...

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Shell inks $70 billion deal as Big Oil gets even bigger

The latest example is Royal Dutch Shell (RDSA)'s bid for BG Group (BRGXF), a British firm with a stockpile of prized oil fields off the coast of Brazil, and lucrative natural gas holdings in Australia. The companies announced the £47 billion ($70...

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'Shell-shocked:' new details about NBC's handling of the Brian Williams scandal

As the crisis over Williams' exaggerated war stories unfolded, network executives were frustrated by Williams' "inability to explain himself," the story says. The anchor "appeared shell-shocked" when the scandal emerged, rendering him unable to respond...

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Indian companies in mad rush to find women board members

Hundreds of Indian companies have failed to comply. At other firms, management have appointed daughters, wives and other close family members to the board -- a move that complies with the letter of the new regulation, but not the spirit. Out of the...

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'Star Wars' films available for digital download for first time ever

The two studios that share the rights to "Star Wars," Disney (DIS) and 20th Century Fox, announced late Monday that all six of the popular franchise films will be available for digital download globally for the first time on April 10. This means that...

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Three fatal failures in Rolling Stone's UVA rape story

In its three-month review, Columbia Journalism School identified multiple instances where Rolling Stone's Sabrina Rubin Erdely and her editors could have avoided the calamities that ultimately forced the magazine to retract "A Rape on Campus," a story...

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Read full text Rolling Stone's apology

Rolling Stone magazine not only retracted but deleted its now-discredited article from its website. Last November, we published a story, "A Rape on Campus" [RS 1223], that centered around a University of Virginia student's horrifying account of...

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Greece: We have the money to avoid default

Finance Minister Yanis Varoufakis has told Christine Lagarde, the managing director of the International Monetary Fund, that Greece will meet the Thursday deadline for its 460 million euros ($505 million) payment to the group. The pledge should alleviate...

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UVA four months later: 'Rolling Stone didn't do its job'

That's the feeling at the University of Virginia, four months after Rolling Stone magazine published and then all but retracted a story detailing an alleged gang rape at the campus. Now the magazine is preparing to publish an independent review by...

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'Furious 7' on track for $150 million opening weekend

Analysts are now saying it could make $150 million throughout North America by Sunday night. A week ago, they were predicting $115 to $125 million for this weekend -- and even those projections were turning heads in Hollywood. Then, after seeing...

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