Google on Friday said it will sell its stake in Clearwire, the struggling operator of a wireless data network. The search company is taking a 94 percent loss on the originally $500 million investment made in 2008. Read More
You're know you're in trouble when the markets go up on speculation you're resigning — that's what Italian Prime Minister Silvio Berlusconi is facing this morning. Berlusconi denied everything on his Facebook page: "The rumors of my resignation are groundless." Some in Berlusconi's party insisted that he had not lost a majority, but last week two deputies from his own party defected to another party. Reuters noted that he appears to 214 votes in the 630-seat lower house — that is not a majority. This may all come to a head tomorrow, when there is a budgetary vote. Read More