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Reddit Is Trying Something New: Making A Profit

By Gerry Shih<p>SAN FRANCISCO (Reuters) - Social news hub Reddit snagged an interview with Barack Obama last year. The big get for 2013 was reaching 90 million unique visitors a month, according to the company, on par with the likes of eBay. This season, even Microsoft co-founder and philanthropist …

Electronic Arts Still Stuck In The Battlefield 4 Quagmire; Fair Value $28

After the Battlefield 4 debacle that sent the stock plunging in December, Electronic Arts now faces a class action lawsuit alleging that the company made misleading statements to investors regarding the prospects of the first person shooter. The lawsuit has been filed in United States District …

United Scraps $1 Billion Order From Airbus

Based on an updated pricing list, an A319 now costs $85.8 million and an A320 $93.9 million. That would bring the value of the order for six A319s and six A320s to $1.078 billion.<p>Airlines, however, routinely get a discount on catalogue prices when they purchase multiple units.<p>"I can confirm that we …

What a Bitcoin is really worth in India and China

The Bitcoin saga took an unpleasant turn this December when China’s central bank banned financial institutions from dealing in the virtual currency. …

Central banks must show leadership to rejuvenate global economy

The decade and a half after the tearing down of the Berlin Wall was a golden age for central banks. It was a time of strong growth and low inflation presided over by committees of technocrats charged with taking the politics out of the messy business of setting interest rates.<p>The European Central …

Chinese manufacturing growth slows

Closely-watched gauge of activity in China's manufacturing sector dips in December<p>Growth in China's factories slowed slightly in December as export orders and output weakened, official data showed on Wednesday, in the latest sign that the world’s second-largest economy lost some steam in late …

Economics

Banks Try To Save Big With 'ATMs Of The Future'

There's a drive-thru ATM in Charlotte, N.C., that looks pretty standard, but it has an extra function: a button that says "speak with teller."<p>The face of a woman wearing a headset sitting in front of a plain blue background flashes onto the ATM screen. "Good afternoon," she says. "Welcome to Bank …

Can mighty Wall St. bull keep charging in 2014?

The stock market outlook for 2014 remains positive despite a record-breaking year in 2013.<p>NEW YORK — Do U.S. stocks have any rocket fuel left in the tank after skyrocketing to their steepest annual price climb in 16 years?<p>After posting its best return since 1997, the odds of the broad Standard & …

Federer hires tennis great Edberg as coach

Roger Federer has joined a recent trend of top tennis players hiring former stars as coaches after adding his childhood hero Stefan Edberg to his team.<p>"I am happy to announce that beginning in Melbourne, Stefan Edberg will join Severin Luethi on my coaching team," the 17 times Grand Slam champion …

The top five US sports moments of 2013

If it can't be reduced to a meme, tweet, GIF, YouTube clip, blogpost or listicle item it might as well not have happened in 2013. It's no surprise then that so many of the biggest stories in US sports this year revolved around a single play or event, clips that could easily be shared, liked, …

Chiefs, 49ers lead Pro Bowl selections with 8 each

The San Francisco 49ers and Kansas City Chiefs each had eight players named to the Pro Bowl, the NFL announced Friday night.<p>Five teams, including the Green Bay Packers and New York Jets, did not have a player named to the annual All-Star game that will be played the week before the Super Bowl in …

Turkey first of Fed Taper victims as political crisis scares investors

Lira tumbles as Turkey goes from star performer to 'sick man' of the emerging market block<p>The Turkish lira has tumbled to a record low amid a deepening political crisis in Ankara, the first emerging market domino to wobble as the US Federal Reserve starts to wind down global dollar stimulus.<p>The …

Target confirms encrypted debit PIN data was stolen during hack

Target has confirmed that encrypted debit card PIN data was stolen as part of the massive hack carried out against the retailer between late November and early December. The company previously admitted that card numbers and expiration dates were compromised in the attack that affected 40 million …

Nearly A Thousand Classic Video Games Are Free And Legal To Play Online

As the intellectual property protections on old games expired, the Internet Archive swooped in to make them freely playable online in your browser. The site is currently host to a trove of games from such classic consoles as the Atari, the ColecoVision, and even an oddball system we'd never heard …

OK, Glass: Show me what's next for Google

Google Glass is expected to reach store shelves sometime in 2014. When it does, the connected headset could do more than change the wearables market: it could change Google, too.<p>December 2014 is a year away. Barring unforeseen complications, Google Glass will have gone public by then and just might …