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Shares of Pandora Internet radio up 8.9 percent on first day

Pandora Media Inc.’s, owners of Internet music site Pandora with 39 million registered users, had a successful Wall Street debut on Wednesday. Stock in Pandora shot up to $26 per share, but eventually fell back to close at $17.42 per share, gaining 8.9 percent on its first day as a…

Not satire: Rush Limbaugh goes into the business of selling tea

Conservative radio host Rush Limbaugh has announced his newest venture: a line of sweet tea beverages. “‘Two if by Tea’ is the brand name,” Limbaugh told his radio audience Wednesday. The artwork on each bottle features Limbaugh dressed as Paul Revere. “And there I am in all of my glory…

Airlines scoop up record billions on fees

No wonder it costs so much to fly these days. New U.S. government figures show that airlines last year made a whopping $3.4 billion on baggage fees, which is up 24% from 2009, and an other $2.3 billion in fees on reservation changes. CBS News explains……

CNBC: Facebook valuation may top $100 billion

CNBC’s Kate Kelly reported Monday that social networking giant Facebook’s valuation could be as high as $100 billion, becoming “one of the biggest public offerings to hit Wall Street” if it goes public next year as rumors suggest. Watch the video and panel discussion, via CNBC.com.…

Austria puts two mountains up for sale

The Austrian government is putting the mountains of Grosser Kinigat and Rosskopf, near the border with Italy, up for sale for a total of about $175,000 US. Locals from the village at the foot of the peaks, Kartitsch, are quite upset. Watch the video, first shown on the BBC on…

Humane Society rescues 700 cats being hoarded at sanctuary

The Human Society removed 587 cats from the Haven Acres Cat Sanctuary in Florida Tuesday. Another 180 cats were removed Wednesday. The Humane Society said it was the largest cat rescue from a hoarding situation in which they had ever been involved. Watch this video from The Humane Society.…

Goldman Sachs’ dealings with Libya under investigation

Liz Rappaport of the Wall Street Journal explained on MSNBC why the Securities and Exchange Commission was investigating Goldman Sachs’ relationship with the Libyan Investment Authority. Goldman Sachs allegedly agreed to pay the Libyan Investment Authority a $50 million fee to help the fund recoup losses. The SEC is looking…

Canadian firm helps middle eastern governments censor the Internet

The Canadian firm Netsweeper, Inc created Internet filtering software that has been used by middle eastern governments to block content “based on social, religious or political ideals.” Below, Ron Diebert, director of the Citizen Lab at the Munk School of Global Affairs, explains more. This video is from The Mark…

Sony loses $3.2 billion after Playstation Network hacked

CNN’s Kyung Lah reports that Sony has lost billions of dollars after its PlayStation Network and Sony Online Entertainment services were hacked last month. The personal data from more than 100 million accounts were reportedly compromised in the security breach. Experts believe Sony will be able to recover from the…

Hartmann: Is medical marijuana the next boom industry?

Could medical marijuana be America’s next boom industry? It does seem possible, thanks to the Obama administration’s policy of not prosecuting properly licensed caregivers. But in order for it to shift into high-gear, it would need to be rescheduled by the Drug Enforcement Administration, opening the doors to big pharmaceutical…

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