Facebook forms political action committee

Facebook said Monday that it is forming a political action committee (PAC) for employees of the social network to make contributions to candidates. Most large US corporations have established PACs, which are allowed to donate $5,000 to a candidate per election and up to $15,000 annually to a national party committee. Facebook filed the paperwork to incorporate its PAC with the Federal Election Committee on Monday. "FB PAC will give our employees a way to make their voice heard in the political...

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Brazil's $12 billion iPad deal is in trouble: sources

(Reuters) - A much-hyped $12 billion plan for Taiwanese manufacturer Foxconn to produce iPads in Brazil is "in doubt" due to stagnant negotiations over tax breaks and Brazil's own deep structural problems such as a lack of skilled labor, government sources tell Reuters. The proposal to build Apple's sleek tablet computers in Brazil was first announced in April by President Dilma Rousseff during an official visit to China. Senior officials hailed the deal as a sign of growing economic ties with...

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