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Papal assist aside, economics are the reason Cuba ditched Venezuela for America

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1 hour ago

Sony’s hackers say they’ll stop releasing data.

  Because the company decided to cancel The Interview, a comedy about two Americans sent to North Korea to kill its leader, the hackers who have been leaking emails and private data say they’re done—for now. “We will assure the security of your data unless you make additional trouble,” they said.
4 hours ago

BlackBerry is throwing off cash once more.

  The Canadian smartphone maker generated $43 million in cash flow in its fiscal third quarter, its first quarter of positive cash flow in nearly two years. More importantly, this happened one quarter earlier than CEO John Chen promised. Unit sales fell to 2 million from 2.1 million in the previous quarter.
4 hours ago

Bumble Bee Tuna will be acquired for $1.51 billion.

  Thai Union Frozen Products calls the deal “the largest acquisition in the history of our company and one of the most exciting external growth propositions.” Its CEO says with the purchase, revenue will rise by 25% (paywall); the fate of San Diego, California-based Bumble Bee’s 1,300 employees is unknown.
6 hours ago

Uber agrees to temporarily leave Portland.

  The on-demand car service will withdraw from the Oregon city for three months while Portland alters its private car regulations. Uber said it would work with the government after launching two weeks ago despite objections from city officials.
6 hours ago
Chart of the Moment

It’s been a great year for hedge funds—in India.

6 hours ago

Kurdish forces report a major win against ISIL.

  Security forces in northern Iraq said they have broken the siege of Mount Sinjar, in which Islamic State fighters had trapped thousands of Yazidis since August. Eight thousand peshmerga were supported by air strikes in a two day assault.
December 19, 2014

American Apparel receives a buyout offer.

  Irving Place Capital first expressed interest a few weeks ago, and has since raised its offer to $1.30 to 1.40 per share (paywall). Share prices jumped 45% on the news to $1.

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