A school for apps

The Illinois Institute of Technology has set up a lab focused on developing applications for devices such as Apple’s iPhone and iPad, and phones using Google’s Android operating system.

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Warren Buffett under the lens

The Securities and Exchange Commission is examining the disclosures Berkshire Hathaway Inc made about its $26-billion purchase of Burlington Northern Santa Fe Corp Railroad.

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The yawning US trade deficit

With the American economy now improving, the gap is widening again.

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