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Facebook buys virtual reality company Oculus for $2B

NEW YORK -- Facebook has agreed to buy Oculus for $2 billion, betting that its virtual reality may be a new way for people to communicate, learn or be entertained.Facebook Inc. said Tuesday that the deal includes $400 million in cash and 23.1 million shares worth about $1.6 billion. Oculus ...

Wal-Mart’s new tool gives competitors’ prices

NEW YORK -- The "Every Day Low Price" king is trying to shake up the world of pricing once again.Wal-Mart told The Associated Press that it has rolled out an online tool that compares its prices on 80,000 food and household products -- from canned beans to dishwashing soap -- with those of its ...

Mobile devices add allure to March Madness

LOS ANGELES -- Every year, the NCAA college basketball tournament gives employees a reason to goof off at their desks and root for their alma maters.But there's a growing source of potential headaches for bosses. Media companies like hosts CBS Corp. and Time Warner Inc.'s Turner are doing all ...

US gov’t to cede control of key Internet body

SAN FRANCISCO -- The U.S. government is relinquishing its control of the Internet's address system in a shift that may raise questions about the future direction of online innovation and communications.The decision announced Friday begins a long-planned transition affecting the stewardship of ...

Google cameras take rafting trip at Grand Canyon

FLAGSTAFF, Ariz. -- Google has taken its all-seeing eyes on a trip that few experience: the Colorado River through the Grand Canyon.The search giant partnered with the advocacy group American Rivers to showcase views of nearly 300 miles of whitewater rapids, towering red canyon walls and ...

‘Tsunami’ of store closings predicted for US retailers

The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building way too many stores.That day of reckoning, some say, has arrived, with one retail watcher predicting a "tsunami" ...