OPEC pumps up output in fight for market share

The cartel has just chalked up its biggest monthly increase in production in almost four years as Saudi Arabia, Iraq and Libya all boosted output, the International Energy Agency said Wednesday. OPEC supply jumped to 31 million barrels per day in...

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Mark Zuckerberg only works 50 to 60 hours a week

In a surprise Q&A session Tuesday evening, Facebook's (FB, Tech30) CEO said he only spends 50 to 60 hours each week doing "real work" in the office or in meetings. But he conceded that if the definition of "work" were expanded, he'd be working his...

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One in six retired NFL players goes bankrupt

A new study found that nearly 16 percent of former players end up filing for bankruptcy within a dozen years of retiring. It also revealed that career earnings and the length of a player's career had little impact on whether they will end up broke....

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KFC 'dreadful,' says man who brought franchise to Britain

The man who brought Kentucky Fried Chicken to Britain decades ago now says the food there is "dreadful" and pledged never to eat at the fast-food joint again. Raymond Allen opened the first KFC franchises in the United Kingdom after a chance encounter...

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The rocket built to take down Elon Musk

This week, Elon Musk's SpaceX once again tried to recycle its rocket boosters used to launch satellites, cargo and astronauts by landing the boosters on a barge after they detach from the rocket. Meanwhile, Boeing (BA) and Lockheed Martin (LMT) on...

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Alan Turing manuscript fetches $1 million at auction

Turing apparently wrote the 56-page manuscript in 1942 when he was trying to create one of the world's first computers in order to break the German military's code, known as Enigma. Those efforts, which were successful and were credited with being...

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Revenge porn could get you two years in jail in England

The law forbids people from disclosing "a private sexual photograph or film if the disclosure is made without the consent of an individual who appears in the photograph or film, and with the intention of causing that individual distress." Revenge...

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Nine things to know about legal pot

People who've never been high are suddenly wondering how much an eighth really is. And those that could spot an eighth of weed from across a room can now, in some places, walk into a store and buy it. (Try Mary Mart, Bud Commander or the Happy Crop Shoppe...

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Nearly 90 percent of Americans have health coverage

A poll by Gallup found that the uninsured rate among U.S adults declined to 11.9% in the first quarter, down one percentage point from the end of last year and an improvement from the 18% without insurance in the fall of 2013, when the Americans were...

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The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013. President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released...

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HBO still hasn't heard from Scientology lawyers for 'Going Clear'

"Facts are stubborn things," HBO CEO Richard Plepler said in an interview with CNNMoney this week. "Everybody's entitled to their own opinion, but they're not entitled to their own facts," he added. "I think the documentary bears up very well to any...

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Hillary Clinton's economic plans need an overhaul

Clinton is expected to begin her presidential campaign this weekend, yet she's stayed mum on the economy -- something she hammered on during the 2008 campaign. "She's a blank check at this point," says Dean Baker, co-director for the Center for...

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The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013. President Obama and First Lady Michelle Obama reported $495,964 in gross income last year, according to their 2014 tax returns released...

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BuzzFeed reposts deleted Dove article

BuzzFeed reposted a story about Dove soap after questions arose over why it had been deleted. "I blew it," Editor-in-Chief Ben Smith wrote in a memo that he tweeted Friday. "Twice in the last couple of months, I've asked editors -- over their better...

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HBO still hasn't heard from Scientology lawyers for 'Going Clear'

"Facts are stubborn things," HBO CEO Richard Plepler said in an interview with CNNMoney this week. "Everybody's entitled to their own opinion, but they're not entitled to their own facts," he added. "I think the documentary bears up very well to any...

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Elizabeth Warren: 2016 race should focus on families

Year after year, they take one blow after another, Warren said on CNN's New Day on Friday, where she appeared to talk about her book "A Fighting Chance." "We live in an America now where the game is rigged. Where Washington works really great for...

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Opinion: Want to save Social Security? Embrace Latinos

But that eighth wonder is now under pressure from three powerful levers: falling birth rates, rising longevity, and hordes of retiring baby boomers. The first decreases the number of new taxpayers while the other two increase the number of retirees....

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Gillette shows off 'Avenger' razors for an 'Iron Man' beard

How else would Iron Man's alter ego generate the perpetual energy supply he needs to obliterate facial hair with uni-beam pulse bolts? Gillette pulled a clever stunt Friday aimed directly at fans of the Marvel's "The Avengers." The 110-year-old...

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Rob Lowe defends his 'funny' DirecTV ads

Rob Lowe fired back on Twitter after the Better Business Bureau recommended that DirecTV stop airing ads starring the actor. The ads came under fire this week after the Better Business Bureau recommended that DirecTV (DTV) discontinue the spots,...

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Jamie Dimon: New crisis coming, regs will make it worse

"Some things never change," the CEO of JP Morgan writes in a 39-page annual letter to shareholders on Wednesday. "There will be another crisis, and its impact will be felt by the financial markets." Dimon describes how investors typically react in...

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U.K. makes a big oil discovery

An exploration firm in Britain says it has discovered a potential "world class" oil reserve. Exploration firm U.K. Oil & Gas Investments said Thursday there may be up to 100 billion barrels of oil at an onshore site in south England, a company...

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Female finalists to be the new face of the $20 bill

A group pushing to replace Jackson on the $20 bill with a woman has narrowed it down to four potential candidates - including a famous female Native Indian chief. The final cut of Eleanor Roosevelt, Harriet Tubman, Rosa Parks and Mankiller were...

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DirecTV told to pull Rob Lowe ads after Comcast complains

"And I'm deceptive advertising Rob Lowe, and I have DirecTV." Following a Comcast (CMCSA) complaint, the Better Business Bureau this week recommended that DirecTV (DTV) discontinue its hilarious ad campaign featuring actor Rob Lowe, because the satellite...

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Tesla introduces new $75,000 car: the Model S 70D

The car it announced on Wednesday is called the Tesla Model S 70D and it'll start at $75,000, although buyers are eligible for a federal tax credit that brings the price down to $67,500. The Model S starts at $70,000. The "D" stands for dual motor,...

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Investors are lining up to get into Iran

Yazdizadeh is one of the partners in Pasargad, an Iran-based investment fund. At the moment, international sanctions make it nearly impossible for anyone outside of Iran to invest there. Even those in other Middle Eastern countries have largely stayed...

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Kansas wants to ban welfare recipients from buying...

These are on the long list of things that will be off limits for welfare recipients in Kansas, where lawmakers have recently approved a bill that would forbid residents from spending public assistance dollars in ways deemed inappropriate by the state....

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Jay Z pulls album from Spotify in favor of Tidal

"Reasonable Doubt," Jay Z's 1996 debut album, had been listed on Spotify as recently as Monday. Now, Spotify customers can only listen to one song from that album: track 11, "Coming of Age." The rest of the tracks have been grayed out. Jay Z's other...

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John Oliver lands Edward Snowden interview from Russia

The comedian surprised viewers on Sunday night by revealing that he visited Russia last week and met with Snowden, who leaked a trove of documents about the American government's mass surveillance programs to journalists in 2013. The result was a...

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How Ellen Pao hires for diversity at Reddit

As interim-CEO of Reddit, Pao is taking steps to make sure women are treated equally to men at the social media website. Pao was back at work after a San Francisco jury late last month found that her former employer, venture capital firm Kleiner Perkins...

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Kansas City Royals raise ticket prices 20%

Kansas City fans at last year's World Series. The team made it to baseball's playoffs and World Series for the first time since 1985 last season. And now? The Royals had by far the biggest jump in ticket prices this season, according to Team...

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UVA four months later: 'Rolling Stone didn't do its job'

That's the feeling at the University of Virginia, four months after Rolling Stone magazine published and then all but retracted a story detailing an alleged gang rape at the campus. Now the magazine is preparing to publish an independent review by...

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'Furious 7' on track for $150 million opening weekend

Analysts are now saying it could make $150 million throughout North America by Sunday night. A week ago, they were predicting $115 to $125 million for this weekend -- and even those projections were turning heads in Hollywood. Then, after seeing...

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Nigerian immigrant accepted by all 8 Ivy League schools

Harold Ekeh is a senior at Elmont Memorial High School in Elemont, New York. Now comes the really hard part: Deciding where to go. He actually got into all 13 schools he applied to, including MIT and Johns Hopkins. "I am leaning toward Yale,"...

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'Mad Men' brings prestige, if not powerful ratings, to AMC

Much has been made about the final season of the critically acclaimed drama such as a "Mad Men" style bench outside the Time-Life Building in New York City. The AMC drama is beginning the second half of its final season on Sunday. Over the years...

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Wal-Mart exec: Credit card upgrade a 'joke'

The new "chip & signature" program is barely an improvement on security and fraud, said Mike Cook, Wal-Mart's assistant treasurer and a senior vice president, at this week's Electronic Transaction Association's Transact conference in San Francisco....

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'Furious 7' revs up for biggest box office opening of 2015 to date

After seeing some of Friday's results, industry analysts now expect the film to earn $130 to $140 million throughout North America this weekend. Earlier, they were predicting $115 to $125 million -- and even those projections were turning heads...

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