Why Netflix will have a tough time in China

The incentive is obvious: China is the world's third largest market for entertainment and media, according to Pricewaterhouse Coopers, and could be worth as much as $214 billion by 2018. But many global firms have had a tough time getting their foot...

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Bill O'Reilly 'surprised' by attack on his credibility

"I was caught by surprise on it," O'Reilly told the Los Angeles Times. "I was an idiot for not being prepared for it before a presidential election," he told the paper. O'Reilly said the firestorm involving "NBC Nightly News" anchor Brian Williams...

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Gap between richest universities and the rest got wider

That's thanks to strong investment returns and a tremendous fundraising advantage, according to credit rating agency Moodys. Eighteen of the wealthiest schools have Aaa credit ratings -- that's a rare achievement for any businesses or government....

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Kansas gov to sign sweeping welfare crackdown

The measure - believed to be the strictest in the country - concerns the Temporary Assistance for Needy Families program in Kansas, which is designed to help families struggling with short-term financial hardships. The TANF program provides families...

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Russia bans 'Child 44' serial killer movie

Gary Oldman and Tom Hardy star in the Lionsgate thriller "Child 44." The ministry of culture in Moscow has blocked distribution of Hollywood thriller "Child 44" for being "historically inaccurate." The Lionsgate (LGF) movie is about a Soviet-era...

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Elizabeth Warren: Tax the banks

The Massachusetts Senator is calling for changes in tax law designed to hit banks where it hurts: executive compensation, leverage and high-frequency trading. In a speech Wednesday in Washington, Warren, a Democrat, charged that Republicans are hindering...

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Netflix stock tops $500 for first time ever. Next stop = $900?

The company is on fire. One analyst now predicts Netflix (NFLX, Tech30) could hit $900 a share by next year. The reason? Millennials (and a lot of other age groups) talk about watching Netflix, not TV. "Netflix subscribers -- nearly 40% of TV households...

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Finally! Saudi Arabia opening stock market to foreigners on June 15

The oil-rich nation is opening its stock market -- the largest in the Middle East -- to foreign investors on June 15, the government announced Thursday. The Saudi market -- worth an estimated $530 billion -- is more than double the size of the...

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Jorge Ramos breaks through, making the cover of Time 100

The Fusion and Univision anchor made one of the covers of Time's 100 most influential people. The veteran newsman may be somewhat unknown to English language audiences, but his respected stature in the media world and in the Hispanic community...

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Let's get this party started: Party City goes public

Wall Street seems to think good times are rolling for Party City (PRTY), which is the largest party goods retailer in North America. It debuted on Thursday morning at $20.50 a share. That's more than 20% above its initial public offering price...

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