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Bitcoin more powerful than fastest supercomputers

Bitcoin's network generates more power than the top 500 supercomputers and sucks down around $200,000 a day in electricity costs.  More

11 top-paid bank CEOs

J.P. Morgan Chase's Jamie Dimon made $18.7 million last year, putting him fourth on the list of highest-paid chiefs in banking. Which CEOs made even more?  More

4 federal agencies to shut Friday

Some 115,000 federal employees are getting four days off, including one unpaid furlough day. Friday is the first of several agency wide furlough days.  More

6-step guide to dodging taxes just like Apple

Tax avoidance works beautifully -- and legally -- for Apple and other multinationals. Why not make it work for you?  More

Europe steps up fight against tax cheats

European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the EU and accelerate initiatives to tackle abuse by companies.  More

Bernanke warns against hitting the brakes too soon

Federal Reserve Chairman Ben Bernanke warns of risks of raising interest rates too soon, reiterates that Congress needs to do more to help economy.  More

HP soars as Meg Whitman turnaround continues

Hewlett-Packard reported profits that topped forecasts and shares surged on the news. But CEO Meg Whitman is still preaching patience.  More

How police can find your deleted text messages

With smartphone forensics, law enforcement can find deleted texts, photos, contacts and more.  More

Vatican moves to clean up finances

The Vatican's financial watchdog released its first report on money laundering in a move to increase transparency.  More

Memorial Day travel to dip this year

Memorial Day travel forecast to decline by about 1%.  More

Jamie Dimon may face a new, tougher board

JPMorgan's CEO Jamie Dimon held onto his role of chairman but with three board members only narrowly reelected, there may be new faces on the bank's risk committee  More

Pet shelters & tractors: Companies kick in tornado relief

Businesses in Oklahoma City are offering heavy equipment, free lodging and other services to assist with the tornado relief efforts.  More

Stocks slip as Fed sends mixed message

Federal Reserve chairman says it's too soon for the central bank to ease up on its bond-buying. But meeting minutes show some monetary policy makers were willing to dial it down in June.  More

U.K. can do more to boost economy: IMF

The International Monetary Fund tells U.K. to increase spending on infrastructure and cut some corporate taxes to shore up its fragile economic recovery.  More

How Apple scores its lower tax bill

Apple pays a lot in taxes to the U.S. government. But many tax experts and lawmakers say Apple's tax bill would be bigger if the company didn't take advantage of so many loopholes in the tax code.  More

Why nuclear is still a booming business

URS CEO Martin Koffel tells Fortune how his business still profits from nuclear power plants despite very few new plants being built.  Play

Insanely durable smartphone ... from Caterpillar?

Caterpillar's new B15 smartphone is rugged and good looking at the same time.  More

How Xbox One could be a game-changer

The new Kinect sensor creates new opportunities but it's up to game developers to support it.  Play

Medicare: $15,000 for one hospital, $26,000 for another

Why Medicare payment rates vary wildly, even for the same procedure at hospitals in the same area.  More

Sony shares boom on spin off speculation

Shares of Sony spiked to their highest level in two years Wednesday on reports that the company is considering a spin off of its movie and music division.  More

Bank of Japan maintains policy, cheers Abenomics

Japan's central bank pledged Wednesday to maintain its ambitious quantitative easing program, saying that economic conditions in the country are improving.  More

Army plans to launch a reality TV show

The Army is planning to launch a new reality TV program, "Starting Strong" on June 2, aimed at recruiting 18 to 24-year-olds to enlist in the military.  More

Europe's lost trillion in taxes

Europe's leaders are stepping up their efforts to tackle fraud and aggressive tax avoidance.  More

See Microsoft's new Xbox in 90 seconds

Microsoft unveils the Xbox One, a new console for high-powered video games plus streaming TV and movies.  Play

Is Saks for sale?

Saks soared nearly 20% after hours following a New York Post reported that the luxury retailer had hired Goldman Sachs to explore a possible sale.  More

Judge rules Airbnb illegal in New York City

New York City officials have ruled in Nigel Warren's case, saying Airbnb violates a so-called "illegal hotel" law.  More

First look: Microsoft Xbox One lab

Take a sneak peak into Microsoft's research lab where they develop and test the new Xbox One and Kinect.  Play

Herbalife hires new auditors

Herbalife hired Pricewaterhouse Coopers as its new accounting firm. KPMG resigned last month after discovering one of its partners was providing illegal stock tips on clients.  More

Fed's Dudley says new plan needed to end stimulus

New York Federal Reserve President William Dudley said the central bank's current plan for unwinding its stimulus program is "stale".  More

Microsoft unveils new Xbox One game console

Microsoft's latest Xbox One game console focuses on its Kinect motion-tracking camera  More

Apple CEO Cook: 'I'm not an unfair person'

Apple CEO Tim Cook does not believe Apple's offshore cash practices and tax payments are unfair and says he wouldn't preside over them if they were.  Play

Rand Paul 'offended' as Apple gets grilled

Republican Sen. Rand Paul of Tennessee is 'offended' by the Congressional hearing on Apple's taxes, but Democratic Sen. Carl Levin of Michigan says the inquiry is necessary.  Play

JPMorgan's Dimon wins by a landslide

Jamie Dimon held onto the CEO and chairman titles by a wide margin. Three risk control directors also squeaked by.  More

Why do travelers choose Spirit Airlines?

Spirit Airlines CEO Bob Baldanza says that 'consumer apprehension' is driving travelers to Spirit Airlines, whose fare costs are lower than the majority of airlines.  Play

African Americans more financially confident, but underserved

While the average African American feels more financially secure, many still feel neglected by the financial industry, new research shows.  More

Stocks end at record highs ahead of Bernanke

The Dow and S&P 500 hit new records after comments from a Fed official raised hopes of stimulus continuing. Bernanke testifies in front of Congress Wednesday.  More

Herbalife soars. Get Bill Ackman a vitamin?

Hedge fund manager Bill Ackman has shorted the nutritional supplement company because he thinks it's a pyramid scheme. But Herbalife's stock is on fire this year. Oops?  Play

Best Buy's sales come up short

Best Buy stock falls after sales for the latest quarter miss analysts' expectations.  More

Meet David Karp: Tech's newest superstar

The founder of Tumblr is in the spotlight following Yahoo's purchase of the blogging site for $1.1 billion. So who is David Karp?  More

Ticketing startup's push to be a $1B biz

Launched in 2006, EventBrite has sold over 100 million tickets for events from two people to a hundred thousand.  Play

Make $30 an hour, no bachelor's degree required

No college degree? No problem! The job of web developer is growing quickly and many in the field are self-trained.  More

Italy's new pizza chefs: Egyptians

Despite high unemployment, Italian pizza chefs are ditching the profession and relying on Egyptians and other foreign workers to get the dough in the oven.  Play

How Tesla's rivals support Tesla

Tesla is bringing in millions from other automakers desperate to buy credits it gets from states for selling green cars.  More

Yahoo rolls out update to make Flickr 'awesome again'

The Flickr redesign is a complete overhaul of its previous text-heavy layout, focusing instead on larger images.  More

Yahoo buys Tumblr, promises to not 'screw it up'

Internet giant buys site favored by bloggers, paying $1.1 billion in cash for Tumblr  More

Pitching the next great startup

From undercover yoga, to frozen yogurt for dogs, small business owners trying out for the ABC series 'Shark Tank' give their quick pitches.  Play

Yahoo must learn from past merger mistakes

Tumblr is the latest startup to be acquired by Yahoo, but the big purple tech giant's previous buyout record is spotty.  More

Merger Monday on Wall Street

U.S. stocks started the week little changed as investors focused on Yahoo's $1.1 billion deal to buy Tumblr.  More

JPMorgan shareholders ready to grill the board

At Tuesday's board meeting. shareholders want to hear what the board says about an independent chairman, its risk controls and who could be the next Jamie Dimon.  More

China's red-hot property market shows no signs of slowing

Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic growth.  More

Small businesses say economy is better, but not for them

In an exclusive survey, entrepreneurs say their customers aren't spending freely yet, and they're in no rush to hire or invest more in their firms.  More

The Winklevoss twins are Bitcoin bulls

Winklevoss Capital is dabbling in backing Bitcoin startups.  More

Federal workers under fire

The Internal Revenue Service scandal couldn't have come at a worse time for the nation's 2 million federal workers, who are desperate to end furloughs and get their first raise in nearly three years.  More

Bernanke's advice for college grads

College graduates got some sage advice from Federal Reserve Chairman Ben Bernanke at their commencement ceremony Saturday.  More

Gas prices lower, but not leading to more spending

About 80% of people surveyed by Bankrate.com said they have not increased their discretionary spending in response to falling gas prices this year.  More

Google says you'll know when Glass is sketchy

Glass employees speak openly on public concerns  More

Google Hangouts: Google Chat gets a much needed makeover

Google's newest product -- Hangouts -- isn't fundamentally different than other current cross-platform messaging apps, but it unifies many of Google's own products.  More

Boeing is the new hedge fund favorite

Apple is out and Boeing and Google are the new "it" stocks among the top hedge fund managers.  More

Stocks finish higher for fourth straight week

Investors pushed stocks higher Friday following a strong report on consumer sentiment. All three indexes ended higher for a fourth week, with the Dow and S&P 500 hitting new highs.  More

Biggest Bitcoin exchange lands in feds' crosshairs

U.S. officials froze the financial accounts of Bitcoin's biggest exchange, accusing it of transmitting money without a license.  More

Facebook IPO: Winners & losers

From Sheryl Sandberg and the Nasdaq to the graffiti artist who took stock instead of cash, here's who's riding high and lying low one year after the Facebook IPO.  More

Prison exclusive: Bernie Madoff can't sleep

Bernard Madoff is haunted by his son's death and stuck earning $40 a month doing menial labor.  More

Millennials: Don't call me 'entitled'

These millennials take issue with the 'entitled' stigma - and no, they aren't just whining.  More

Why Dreamworks is buying YouTube channels

Dreamworks Animation CEO Jeffrey Katzenberg says he bought AwesomenessTV, a YouTube channel, to target teens.  Play

Missed out on Facebook IPO and couldn't be happier

One individual investor explains why he's relieved he didn't buy Facebook on the day of its IPO. Another did buy near the top but is still holding on for the long haul.  More

Debt ceiling: Treasury soon to start juggling act

The U.S. Treasury on Friday will employ the first of several "extraordinary measures" to keep the country's borrowing from breaching the debt ceiling. Treasury Secretary Jacob Lew may soon issue a letter formally notifying Congress.  More

France wants eurozone government, soon

France wants to see the creation of a eurozone government within two years to help lift the region out of its economic slump.  More

Overworked IRS unit was treated like a "step sister"

The Internal Revenue Service group under fire for giving extra scrutiny to conservative groups was overworked, understaffed and lacked a layer of experienced middle managers to sound alarms, say former colleagues.  More

GE engines on Boeing 777 need fix

GE alerts airlines about problems causing its jet engines aboard Boeing 777 to shutdown in flight.  More

Apartment construction slows sharply

Housing starts fall sharply in April as volatile apartment construction figure falls sharply, but single-family home building remains strong.  More

This entrepreneur ditched the United States for Canada

Brian Shuster is an entrepreneur who made millions in the United States before packing his bags and heading to Canada. He says Vancouver is better for business: more talent, better work ethic and thoughtful government.  More

Small SUVs struggle in crash test

Five SUVs including the Hyundai Tuscon, Ford Escape, Kia Sportage, Buick Encore and Jeep Patriot earned poor ratings in a tough new crash test.  Play

You can spend bitcoins at your local mall

Virtual currency Bitcoin is gaining acceptance at a growing number of merchants -- but they admit that very few customers are actually using it.  More

Kohl's is the anti Wal-Mart

Shares of discount retailer Kohl's were up on strong earnings despite weak sales. The company said it kept expenses down. Meanwhile, Wal-Mart dipped on its outlook.  Play

Japan GDP trumps expectations under Abenomics

Japan's economy kicked into high gear during the first quarter as policymakers worked to combat falling prices and implement the policy prescriptions of Prime Minister Shinzo Abe.  More

Google: We're still a software company

At its annual I/O conference, Google showcased a number of software updates yet almost nothing new in hardware.  Play

White kids will be a minority by 2019

The tipping point when white, non-Hispanic people will account for less than 50% of America's youth is about five to six years away, according to Census Bureau projections.  More

Google's new products in 90 seconds

A new music service, new maps, voice search and a surprise appearance by CEO Larry Page were among the highlights at Google I/O.  Play

Jana jumps into Zynga, Groupon

Social media stocks Zynga and Groupon find a buyer and potential agitator in the hedge fund Jana Partners. Tiger Management exits its stake in Apple.  More

IRS to close for 5 days due to budget cuts

Forced budget cuts are taking another bite out of the tax collection agency's operations. In addition to longer waits on its helpline, the agency will be closed completely for 5 days between May and August.  More

How I make money mining bitcoins

With bitcoins still hovering over $100, one miner explains how he makes money running his computer 24/7, supporting the Bitcoin system.  Play

Los Angeles is worst for mail carrier dog bites

Los Angeles letter carriers suffer greatest number of dog bites in annual ranking from Postal Service.  More

Cisco earnings up in 'slow but steady' economy

Cisco's financial results mirror worldwide economic trends -- and last quarter's sales and earnings show steady improvement.  More

Quinn: 'Thinking is distracting from doing'

New York City mayoral candidate Christine Quinn tells women she stopped thinking about how she is viewed by others because then 'I'm not spending all of my brain doing.'  Play

Why Google's new music service might actually work

This could be the music service that finally challenges Spotify.  More

Remember Maxell's 'Blown Away Guy'?

The electronics maker never knew its audio cassette commercial would find a place in pop culture history.  Play

Getting into the military is getting tougher

Thanks to the weak job market, the military is hiring higher-skilled recruits these days.  More

Stocks charge to new highs ... again

Wall Street started Wednesday in the red, but stocks resumed their march into record territory by the afternoon, with all 10 sectors moving higher.  More

EU braces for China telecoms trade fight

Europe says it's ready for a trade dispute with China over telecoms exports but would prefer to negotiate a solution.  More

Payroll tax hike prompts spending cuts

Most Americans plan to cut spending to make up for income lost from the payroll tax hike.  More

Eurozone economy shrinks again

Germany's return to growth isn't enough to prevent the eurozone economy from contracting.  More

Tesla: The anti-Solyndra

Unlike well-publicized losses on Solyndra, federal government could win big on $465 million Energy Department loan to Tesla Motors.  More

What's behind the IRS controversy?

The Internal Revenue Service is under fire for targeting Tea Party groups seeking tax-exempt status.  Play

How I 'stole' $14 million from a bank

Hacking into a bank is surprisingly easy. This expert has the receipt to prove it.  More

Japan: Is Abenomics working?

The initial results of Japan's Abenomics experiment are encouraging, but it's too early to call the strategy a success.  More

Robin Hood: Big Wall Street donations are back

The Robin Hood Foundation, a poverty-fighting non-profit led by top hedge fund managers, raised $80 million at its annual gala.  More

David Ortiz selling f---ing charity bat

Boston Red Sox slugger's famous quote and autograph are on a bat that's being sold to raise funds for Marathon bombing victims.  More

Too late to invest in the bull market?

As the Dow and S&P 500 both hit record highs, some investors are wary of the rally while others are finding value in stocks that are lagging behind.  Play

Wal-Mart tightens safety monitoring in Bangladesh

Wal-Mart said it will list all factories it works with in Bangladesh and provide information on safety inspections to the public in the wake of tragic factory deaths in the country.  More

Deficits falling faster than expected

The Congressional Budget Office projects this year's deficit will be $200 billion less than expected just a few months ago. But the downward trend won't continue since lawmakers haven't tamed long-term drivers of the country's debt.  More
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