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Facebook Is Buying Instagram

The social networking site is paying a reported $1 billion in stock and cash for the photo-sharing app.
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Fresh Air Remembers Mike Wallace Of '60 Minutes'

The CBS News correspondent who became famous for his two-fisted interview style and hard-hitting interviews with politicians, celebrities and newsmakers died Saturday. He was 93. Fresh Air remembers Wallace with excerpts from a 2005 interview.
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Sony Reportedly Cutting 10,000 Jobs

The one-time leader in entertainment technology has fallen behind rivals like Apple and Samsung, losing money for four straight years. But Sony's new CEO is trying to turn it around. According to Japanese news reports and the Wall Street Journal, that involves eliminating 10,000 jobs worldwide — about 6 percent of its overall workforce.
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'Painter Of Light' Thomas Kinkade Dies At 54

The artist was known for scenes of cottages, country gardens and churches in dewy morning light. Kinkade repeatedly claimed to be the most collected living artist.
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AT&T, Union Extend Contract Negotiations

The contract extension has prevented a mass walkout by some 40,000 unionized workers. The deadline for a new contract was Sunday. AT&T is seeking concessions from its workers — including cuts in pension contributions, and an increase in health care premiums. The union is calling these concessions "unrealistic."
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New Jersey Law Causes Companies To Pull Gift Cards

American Express and two other companies say they're pulling gift cards off store shelves in New Jersey because of a law requiring merchants to collect zip codes from card buyers. Retailers have sued to block the law, which allows the state to take control of unused balances after two years.
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For-Profit Schools Under Fire For Targeting Veterans

Veterans, with their post-Sept. 11 education benefits, have been an important driver in the growth of for-profit colleges and universities in recent years. Some lawmakers say for-profit schools are ripping off veterans, and the government, by luring students into programs that seldom lead to good jobs.

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