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iFive: Limewire Pays Out For Piracy, Square Hires Apple Engineer, Cisco’s Worst Job Cuts, Sony’s Sales Suffer, Winklevii Sued

1. Attention Google --this is what happens when you anger the record labels: Limewire and its former CEO Mark Gorton have agreed to pay $105 million to close a legal suit alleging Limewire encouraged users to share pirated music.

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Music Sales Up, Taliban Joins Twitter, Gilt Worth A Billion, And More…

The Fast Company reader's essential source for breaking news and innovation from around the web--updated all day. Music Sales Up Thanks To Hipsters, Old People Nielson released a piracy apocalypse-busting stat about the music industry: sales are up 1.6% in 2011. Premium content, such as the Beatles' albums , and a 37% surge in vinyl (thank your local hipster, everybody), helped propel a trend for a sector that hasn't always had much to celebrate lately

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FCC Commish Joins Comcast

Earlier this year, the FCC approved the merger of Comcast and NBC with a four to one vote among its panel of commissioners. One of the four commissioners that cast her vote for the merger back in January was Meredith Attwell Baker. Ms.

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Crowd-Funding Websites Eye Shift

The SEC reviews rules that ban social network sites from facilitating equity investments, Gilt is valued at $1 billion, and the rest of today's news. Each day, Inc.'s reporters scour the Web for the most important and interesting news to entrepreneurs. Here's what we found today

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Program Hides Data in Executable Files

Imagine that you want to send a secret message to your colleague at the CIA. You can encrypt it to prevent counterspies from reading it

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Will You Be Taxed for Driving?

States, fearing that more energy-efficient cars mean less money to maintain roads, begin testing a mileage-based tax. I was driving in Minneapolis several weeks ago when I heard on the local radio news that Minnesota would be conducting a study to research whether it made sense for the state to start charging drivers a mileage-based tax

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Locationgate: A Cell Phone GPS Explainer For Senator Al Franken

Apple and Google testified yesterday before a committee examining smartphone user privacy, particularly regarding location tracking. The first conclusion: Senators don't understand the tech, nor do most people.

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