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Why Bet On The Kentucky Derby When You Can Own It?
For a chance of winning Saturday's Kentucky Derby, gamblers can put money on a thoroughbred named California Chrome, the favorite with 14-1 odds. The smarter bet: Invest in the track itself. Churchill Downs, owner of the eponymous racetrack that will host the 140th Kentucky Derby, has been an unlikely winner in recent years. Industry-wide horse wagering fell from $15 billion in 2002 to $11 billion in 2012 as a younger generation looked to other forms of entertainment. Shares of the company have also performed well, rising 136 percent since the start of 2010.
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Top Female Exec Could Win Musical Chairs At Oracle
Wall Street analysts pondering who would be tapped to run Oracle, if Larry Ellison sailed away on his yacht, tell Reuters that dealmaker and finance guru Safra Catz is the clear choice. That question is on investors' minds after the 70 year old founder of Oracle promoted both Catz and sales leader Mark Hurd as co-CEOs this week. Ellison is stepping aside to take on the role of executive chairman and chief technology officer. Of 12 analysts who replied to Reuters' anonymous poll, five picked Catz to run Oracle, while Hurd got only one vote.
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First IPhone 6 Drop Tests Show Mixed Results
Apple's two new iPhones went on sale Friday, so naturally the Internet responded by seeing how quickly they could destroy them. The new smartphones have been on sale less than 24 hours and the first wave of drop test videos are already making the rounds. The results are somewhat varied, but there are predictably tragic endings for some displays.
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Bitcoin Slips Back Under $400
After a steady decline from former, mid-year highs, bitcoin is now back under the $400 mark. The cryptocurrency hit that mark in April, at which point TechCrunch pointed out that the stuff was off 60 percent from its record highs. The price of bitcoin recovered. And then it un-recovered. Same question as before: “What next centennial mark will bitcoin reach? $300 or $500?” Last time, the answer was $500. But past has been a poor predictor for bitcoin thus far.
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Tesla Ahead Of Detroit In Software Upgrades
Electric carmaker Tesla Motors says it is rolling out a software upgrade over-the-air to onboard computers in all of its Model S cars. That unique ability to spare owners the hassle of bringing the car into the shop is still years away for Tesla's Detroit competitors. Automotive industry watchers say the Silicon Valley carmaker has already completed more than a dozen over-the-air software upgrades since 2012, just like a smartphone upgrade.
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Netflix Is Finally Coming To Linux Without The Need For Hacky Tricks
If you’re sitting in the itty-bitty overlapping sliver on the Venn diagram of “People who use Ubuntu” and “People who can’t figure out how to use user agent spoofing and other trickery to make Netflix work on Ubuntu” — Good news! Netflix is likely (finally) coming to Ubuntu soon. Word of the change comes from Paul Adolph, a senior engineer at Netflix.
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Sweeten, A Match-Making Platform For Homeowners And Renovators, Launches Out Of Beta
Sweeten, which just launched out of beta, has already done more than $100 million worth of renovation projects through its marketplace since June. The company allows users to post their renovation, decoration, or repair job to the site and then posts that job to a handful of reviewed and qualified contractors, designers, etc.
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Land Speed Racer Crashes At 370 MPH: Video
There are times in life when luck is the only answer. One of those times happened to George Poteet, who wiped out at 370 mph. BangShift reports, fortunately, Poteet was just fine after the crash. The incident happened on the Bonneville Salt Flats during Drag Week while Poteet was at the wheel of his Speed Demon land speed car.
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Why The Market Needs A 10-20% Correction
The market is back around all-time highs and nothing seemlingly will stop the market's churn higher, with an Alibaba IPO the latest event to get investors in a frothy lather. Brad Lamensdorf of Ranger Equity Bear Fund said a month ago he saw a correction coming. Since then stocks have pushed higher, up nearly 2%. Lamensdorf says "With the sentiment numbers so outrageously high, and with the margin debt so off the charts, we really feel like this is a very risky time for equities." Lamensdorf cautions if we don’t see a 10-20% correction this fall, the upcoming spring and summer time for the market will be “horrific.”
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This Military Woman Broke Rank Because Her Adorable Little Boy Jumped Into Her Arms
If you want to turn us into an instant puddle of emotional goo on the ground, show us videos of families welcoming soldiers home . And if you want to turn us into an instant puddle of emotional goo even faster, add dogs welcoming their owners home from war, too. Twenty-five-year-old Kathryn Waldvogel from Little Falls, Minn. and her fellow soldiers were told by their officers before heading into their welcome home celebration to stay in formation and wait to be dismissed before greeting their families. But when her 3-year-old son Cooper, came running to his mom before she was dismissed, Kathryn couldn't help but break rank and scoop him up for a big hug. She told local news station KARE 11, "I was longing to hold him. That's all that I thought about."