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FTC Talks With Twitter, Google About Facebook’s Instagram Deal

News updates all day from your Fast Company editors. The Federal Trade Commission has approached both Google and Twitter concerning Facebook 's $1 billion deal to purchase social photo-sharer company Instagram. According to a source speaking to Reuters, it's not known exactly what details the FTC is curious about, but it was rumored that both these other companies and possibly others were interested in bidding for Instagram--itself growing at a swift rate and thus rapidly increasing in value--which caused Facebook's CEO to move very swiftly and conclude the deal in private without his board's full knowledge

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New weight loss drug a step closer to approval

Advisers to government health regulators have recommended that that they approve sales of what would be the first new prescription weight-loss drug in the U.S. in more than a decade, despite concerns over cardiac risks.

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Ancient Time: Earliest Mayan Astronomical Calendar Unearthed in Guatemala Ruins

An excavation of an archaeological site in Guatemala has uncovered Mayan astronomical records dating to the ninth century A.D. The tabulated numbers, which predate existing Mayan astronomical documents by several hundred years, chart the motion of the moon and also seem to relate to the orbits of Mars and Venus. (And good news: they do not predict the world will end this year --in fact, some of the numbers appear to refer to dates far in the future.) [More]

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How NOT to Run a Family Business

Why you should prioritize talent and ethics above everything--and everyone--else. Any business owner thinking of bringing her children into the business must watch the unfolding Murdoch epic with fear and loathing. This week, James Murdoch is being grilled by the Leveson inquiry which was set up to investigate the British media in light of the phone hacking scandal that has rocked British journalism, led to several arrests, and the resignation of James Murdoch from his United Kingdom board and executive roles

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