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Google’s Schmidt challenges — no screen time for 1 hour a day

Google Inc Executive Chairman Eric Schmidt challenged college graduates on Sunday to take the radical step — at least for their generation — of tearing their eyes away from their smartphones and computer screens.

”Take one hour a day and turn that thing off,” Schmidt told graduates at Boston University, where he received an honorary degree and was applauded by an audience that had grown up relying on the technology company’s search engine, e-mail and other services.

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Verizon Offers a Trade-Off on Data Plans

Verizon Wireless, after saying it would seek to phase out unlimited data for millions of its customers, said there was one surefire way for subscribers to keep their all-you-can-eat plans: Pay full price for their smartphones.

The carrier said Wednesday that third-generation customers upgrading to the high-speed mobile broadband network known as 4G LTE would soon be required to drop their $30-a-month unlimited data plans, likely forcing them to pay more to stream video, music and download photos.

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Facebook’s IPO one of world’s largest

NEW YORK (AP) – Facebook is about to find out just how much status updates, puppy photos and billions of “likes” are worth on Wall Street.

Facebook’s stock is set to begin trading on the Nasdaq Stock Market on Friday, the day after the world’s definitive online social network raised $16 billion in an initial public offering that valued the company at $104 billion. That’s more than Amazon.com and other well-known companies such as Kraft, Walt Disney and McDonald’s.

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Yahoo chief to step down amid resume questions

New York (dpa) – Yahoo chief executive Scott Thompson will resign amid questions about a degree that appears on his resume, but which he apparently never earned, The Wall Street Journal’s All Things D blog reported Sunday.

Thompson will be replaced by the internet firm’s global media chief Ross Levinsohn, the blog known for breaking news about the technology industry reported, citing unnamed sources close to the matter.

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Yahoo CEO says he didn’t mislead company

SAN FRANCISCO (AP) – Yahoo CEO Scott Thompson says he didn’t provide the information that led the troubled Internet company to list a bogus college degree in his official biography. That’s according to a person familiar with the matter.

The person asked not to be identified because Thompson made the remarks in a private meeting Thursday with other Yahoo executives. His comments were first reported by Reuters.

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