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Yahoo has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp. and Walt Disney.
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Have two Pandora's Boxes been opened? Fed Chairman Ben Bernanke's testimony may be one; the IRS scandal may be the other.
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LONDON, May 23- Nearly half of the money that multinationals and wealthy investors poured into emerging markets in 2011 came via tax havens, resulting in revenue losses for poor countries, anti-poverty campaigners ActionAid said in a report.
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WASHINGTON, May 22- For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world.
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eBay fell$. 55 or 1.0 percent, to $54.40. Google fell $17.55 or 1.9 percent, to $889.42. Groupon Inc. rose$. 12 or 1.7 percent, to $7.26.
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May 22- Twitter Inc unveiled technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press, the Financial Times and The Onion.
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*Irish government calls Senate report "wrong and misleading". Ireland has been forced to defend its corporate tax rate after the Senate said on Monday that Apple paid little or no tax on tens of billions of dollars in profits channelled through Irish subsidiaries and that it had negotiated a special corporate tax rate of less than 2 percent. 1/ 2 ID: nL2N0E20Y1 3/ 8.
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Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year.
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May 22- Former Yahoo Inc executive Shashi Seth has joined Tribune Co to lead its digital ventures as the newspaper and broadcast company seeks new revenue sources.
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*Ireland takes rare aim at multinationals' tax rates. Bruton's call for an international clampdown on aggressive tax planning by large corporates is a rare negative shot at a sector that Ireland has courted for decades and underscores the high stakes for Dublin, which faces pressure to act alone.
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The "Fast Money" traders share their final trades of the day.
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eBay rose$. 26 or. 5 percent, to $55.21. Yahoo rose$. 02 or. 1 percent, to $27.02. Zynga Inc. rose$. 02 or. 6 percent, to $3.47.
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*Apple, Amazon, Google among corporations in the spotlight. BRUSSELS, May 22- Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in austerity bitten Europe, while acknowledging they had done nothing unlawful.
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*Google's tax affairs in spotlight in Britain. LONDON, May 22- Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax.
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eBay rose$. 48 or. 9 percent, to $55.43. Yahoo rose$. 06 or. 2 percent, to $27.06. Zynga Inc. rose$. 06 or 1.6 percent, to $3.51.
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Bernanke pre-empted by Dudley: Will he throw it back into Congress' lap?
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*Google's tax affairs in spotlight in Britain. LONDON, May 22- Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax.
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Microsoft unveiled its long-anticipated next generation console Xbox One on Tuesday, but it was its inclusion of live TV, rather than its gaming capabilities that set tongues wagging.
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DUBLIN, May 22- Ireland called on Wednesday for an international clampdown on multinationals shifting profits around the world to avoid tax, after criticism that Irish loopholes helped technology giant Apple to shrink its tax bill.
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BRUSSELS, May 22- European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on Wednesday, and cut the estimated 1 trillion euros a year the EU loses to tax evasion or avoidance.
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SEOUL/ BEIJING- North Korea sent one of its top military officials as a "special envoy" from its leader Kim Jong- un to Beijing on Wednesday, accompanied by a high-powered delegation in what appeared to be a bid to mend frayed relations with its most important ally.