How Hong Kong's subway turns a $2 billion annual profit

The city's subway is the face of the Mass Transit Railway Corporation (MTR) -- a publicly traded company that pulled in $5.2 billion in revenue last year. With a $2 billion annual profit, the Hong Kong's subway is an anomaly among major rail networks....

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How far Chinese moms will go to have U.S. babies

Some are even willing to commit visa fraud, lie to immigration officers and pay tens of thousands of dollars to shady middlemen -- as long as the payoff is a U.S. passport for their newborn. An underground "birth tourism" network that stretches...

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Elizabeth Warren tells Wall Street: 'Bring it on'

The senator from Massachusetts said Monday that she will continue to call for financial reforms and for big Wall Street banks to be broken up, despite potential retaliation against Democratic candidates. Last week, Reuters reported that Citigroup...

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The U.S. economy is showing cracks

The U.S. job market had its best year of gains last year since 1999, and economic activity hit a whopping 5% in the third quarter -- the best quarter since 2003. Three months later, the U.S. economy is looking a little tired. It's losing momentum...

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'Things will not change' after sex bias verdict without push

Ellen Pao lost her sex bias suit against prominent Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers on Friday when a San Francisco jury ruled that the firm did not discriminate against her. Pao, a former junior partner...

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Apple's Tim Cook: Anti-gay laws are 'dangerous'

Cook, who came out as gay last year, said laws enacted in Arkansas and Indiana are discriminatory, and seek to legitimize injustice under the veil of religious liberty. "On behalf of Apple, I'm standing up to oppose this new wave of legislation,"...

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Angie's List halts Indiana expansion over anti-gay law

CEO Bill Oesterle announced Saturday that the company had put its proposed campus expansion project in Indianapolis "on hold" following the passage of the Religious Freedom Restoration Act. Angie's List, a business-rating website, was expected to...

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The activist nun reforming profit-prisons

Mercy Investment Services Inc. is the investment fund for the Institute of Sisters of Mercy of the Americas, an international religious order. The fund is managed by Sister Valerie Heinonen, a soft-spoken nun who's been buying shares in for-profit...

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'Things will not change' after sex bias verdict without push

Ellen Pao lost her sex bias suit against prominent Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers on Friday when a San Francisco jury ruled that the firm did not discriminate against her. Pao, a former junior partner...

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Google strikes back at Wall Street Journal - with a laughing baby

And this was no standard response. Google (GOOGL, Tech30) used playful animated GIFs to make seething points directed at the Journal and its parent company News Corp. Here's the back story. In 2013, the Federal Trade Commission decided not to...

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'Ask SeaWorld' marketing campaign backfires

So when it solicited questions about its animal care online as part of a new marketing campaign this week, it seemed to fuel critics rather than dissuade them. SeaWorld (SEAS) came under fire for its treatment of killer whales when the documentary...

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Pebble Time Kickstarter project raised $20.3 million

It broke its first record on its first day, when it became the fastest project to raise $1 million -- in 49 minutes. A week later, it became the most-funded campaign in Kickstarter's history after receiving more than $13.3 million in pledges, besting...

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The big profits of payday lenders may be over

The U.S. Consumer Financial Protection Bureau called these loans "debt traps" and proposed new rules Thursday to curb the industry's worst practices. Payday loans typically come with interest rates of over 100% -- far higher than the 15% to 30% annual...

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How Ferrari maintains its mystique

For him, there is such a thing as selling too many Ferraris. Exclusivity is the key to maintaining the brand's mystique. "I have the big responsibility to keep alive this dream that is called Ferrari," he said. He was speaking at the official unveiling...

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6 'Matrix' inspired illusions from Oculus' chief scientist

Oculus chief scientist Michael Abrash had doubts too, until a special Keanu Reeves movie came along. "It was 'The Matrix' that made me believe it," he told an audience on Thursday at F8, Facebook's developer conference. The virtual reality wizard...

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The great tech debate: Are we in a bubble or not?

Fledgling startups are capturing millions of dollars from venture capitalists within months of launching. Companies that aren't generating revenue have billion dollar valuations. These are just a couple of concerns that some of Silicon Valley's most...

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Tennessee sues FCC over Internet law, hurting one of its own cities: Chattanooga

Chattanooga, Tennessee, where the Internet is fast. But now Tennessee is suing to stop Chattanooga -- and strengthen the control that cable companies have in the state. This is an Internet provider turf war. Last month, the Federal Communications...

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More than half of middle-class kids fail to earn bachelor's degrees

Only 40% of middle-class college entrants who were high school seniors in 2004 had secured bachelor's degrees by 2012, according to the Department of Education. The low graduation rate has big implications for young adults' ability to remain in...

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Federal workers owe the IRS $3.5 billion

Federal workers and retirees owe the IRS $3.5 billion, according to data released Tuesday. About 3.1% of all federal employees, including civilian and military employees, are late on their taxes. That means that they either didn't pay the full amount...

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The middle class is getting smaller

Click on the map above to see how much smaller the middle class is in your state. The percentage of households considered middle class shrunk nationwide between 2000 and 2013, a state-by-state analysis by Pew Charitable Trusts' Stateline news site...

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What next for Singapore after Lee's death?

A rally for Singapore's ruling party, the People's Action Party, previously led by Lee. Lee, 91, who passed away on Monday, presided over Singapore's independence from Malaysia in 1965. His leadership turned the quiet port city into a thriving...

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San Francisco's luxury bus puts your commute to shame

A luxury-bus startup called Leap Transit relaunched in San Francisco last week, carting passengers from the wealthy Marina district to downtown. It's the latest company to offer a high-end alternative to public transit. In just a week, Leap has drawn...

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Instagram adds app just for collages

A new app from Instagram called Layout lets you make collages of photos. Instagram is changing that today with a brand new app called Layout. The free app, available for iOS, Android and Windows Phone, lets you make mini-collages of photos. It...

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Rolling Stone to publish review of campus rape article April 8

A spokesperson for the Columbia School of Journalism, which is investigating how Rolling Stone reported the rape accusation, said Monday its review would be released April. 8. Columbia made the announcement shortly after police in Charlottesville, Virginia,...

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Rolling Stone to publish review of campus rape article soon

The article, "A Rape on Campus," horrified readers when it was published last November. It described how a University of Virginia freshman named Jackie was sexually assaulted by seven attackers during a frat party, and how the university failed to adequately...

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The best performing investment under Obama is...

But it's still useful -- and fun -- to see how investments perform over different time horizons. Take President Obama's time in office. It's been just over six years since Obama was sworn in during the midst of the Great Recession. Back then, stocks...

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4 ways Asian dating apps are anti-Tinder

At first sight, these apps may look a lot like Tinder, the U.S.-based app that lets users anonymously approve or reject matches with a simple swipe. But the similarities stop there for Tinder's homegrown Asian rivals. The entrepreneurs behind these...

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Millennials: More educated, fewer employed than Gen X

Today's young adults are on track to becoming the most educated generation to date, according to new data from the Pew Research Center. More Millennial women, in particular, are securing their diplomas than their older sisters, mothers and grandmothers....

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