UK opposition party leader says Google tax behavior "wrong"

A neon Google logo is seen as employees work at the new Google office in TorontoBy Andrew Osborn LONDON (Reuters) – Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to “extraordinary lengths” to avoid paying tax. In comments designed to politically outflank Prime Minister David Cameron ahead of next month's G8 summit on what has become a high-profile issue, Ed Miliband, the Labour leader, said he was disappointed that Google paid so little tax. “I can't be the only person here who feels disappointed that such a great company as Google … …

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New iPhone apps worth downloading: TiVo update, Option Chain, Star Trek Rivals

Get your DVR in order and control it from wherever you are with the updated TiVo app for iPad. The latest update makes it easier for you to find new content on your TV worth watching. Following that is Option Chain, a financial app designed to bring up-to-the-second market data to users, wherever they are. Finally, Star Trek Rivals turns the world of the new Star Trek films into a collectible card game and lets you challenge other fans in duels.

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Target first-quarter profit down on weather-related sales weakness

(Reuters) – Target Corp posted a 0.6 percent decline in first-quarter sales at U.S. stores open at least a year on Wednesday after warning investors one month ago that its results would be disappointing as a chilly start to spring kept shoppers from buying seasonal items such as clothing. Target earned $498 million, or 77 cents per share, in the first quarter ended on May 4, compared with a profit of $697 million, or $1.04 per share, a year earlier. (Reporting by Jessica Wohl in Chicago; Editing by Jeffrey Benkoe)

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Ukraine PM bars reporters from government meetings after protest

Ukraine's Prime Minister Azarov gestures during a session of the parliament in KievKIEV (Reuters) – Ukrainian Prime Minister Mykola Azarov ordered a dozen local reporters to be barred from covering government meetings after they staged a silent protest on Wednesday over physical attacks on journalists at a rally. “What kind of show is this?” Azarov said when reporters who were attending a cabinet meeting stepped in front of television cameras, turning their backs on Azarov and his colleagues. Signs pinned to their backs read: “Today it's a female journalist (beaten up), tomorrow – your wife, sister, daughter. …

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Futures tick higher ahead of Bernanke testimony

Traders work on the floor at the New York Stock ExchangeNEW YORK (Reuters) – Stock futures edged up in thin trading Wednesday, ahead of highly anticipated Congressional testimony by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy. Bernanke is expected to strike a dovish tone when he addresses a congressional committee at 10:00 a.m. EDT. Earlier on Wednesday, influential New York Fed President William Dudley reinforced his own remarks Tuesday, when he damped speculation that the U.S. central bank was preparing to reduce its monetary stimulus. The Fed's ultra loose monetary policy is one of the main forces behind a rally in …

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