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IRS reveals cyberattacks on tax returns more extensive than previously reported

The IRS revealed Monday that hackers gained access to 330,000 accounts and tried to penetrate 280,000 other accounts. These numbers are twice as much as what was earlier reported in May.

Aug 18, 2015 10:49 PM EDT


FCC denies $3.3B subsidy claim of Dish Network

The Federal Communications Commission prohibits Dish Network Corp. from availing the $3.3 billion credit to get more airwaves through spectrum.

Aug 18, 2015 10:42 PM EDT


Mixed news regarding the economy ultimately leads to rising U.S. stocks

Two market forces acting on opposite ends of the economy ultimately lead to rising U.S. stocks. The rate of manufacturing slowing down within the state has plunged to near historic levels while the world was caught by surprise as China's yuan was devalued last week.

Aug 18, 2015 07:32 AM EDT


XYZ to host Google's Alphabet, Inc. but owner says the domain is not for sale

The 29-year-old owner of .xyz domain, Daniel Negari, was overwhelmed when he found out that Google will use xyz for its umbrella company, Alphabet Inc. But he told the reports it is not currently for sale.

Aug 18, 2015 07:39 AM EDT


Figures reduced anew for Teach for America participants

Teacher applicants for Teachers for America are getting less each year. Reasons include complaints from students and teachers as well saying that teachers for TFA are unprepared and lacks knowledge and needs counseling before they start teaching.

Aug 18, 2015 07:20 AM EDT


Oracle banks on Twitter and to a more sociable business environment

Twitter teams up with Oracle and Sprout Social to collect insights from consumers which would be beneficial to companies in building their products.

Aug 18, 2015 07:11 AM EDT


Grain Leader Cargill Buys Salmon Market Leader EWOS for $1.5B

Cargill agrees to buy EWOS in a deal that would also make the grain market provider a leader in aquaculture business.

Aug 18, 2015 06:53 AM EDT


Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people

Puerto Rico is increasing its sales tax to 11.5% from 7% on July in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country’s bottom line and its countless poor people.

Aug 18, 2015 06:50 AM EDT


America Movil to cut roaming charges to prevent AT&T from stealing market shares in Mexico

As AT&T moves to Mexico, America Movil announced that it would eliminate its roaming charges to prevent its rival from stealing the market share in their home turf.

Aug 18, 2015 06:48 AM EDT


New York Manufacturing Index shrinks to -14.92 level; its lowest since 2009

A New York Federal Reserve survey reveals that manufacturing activity in the state has dropped to the lowest point since 2009.

Aug 18, 2015 04:50 AM EDT


Amazon employees defends tribe from 'Purposeful Darwinism' culture story

While Amazon's boss Jeff Bezos ruled out the investigation report from The New York Times saying it doesn't describe the Amazon he knows, a majority of employees defended the company in various online forum. The fast growing online retailer Amazon has been receiving flak from some employees and has recently become the center of discussion in the media as its punishing work culture was put on the spotlight.

Aug 19, 2015 10:38 PM EDT


BP faces over $28 million fine as FERC judge upheld price rigging charges

FERC issued a Show Cause Order to BP for the $28 million fine over price rigging charges in 2008. This is the latest among a series of multi-million cases against BP.

Aug 18, 2015 04:47 AM EDT


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