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Board: Puerto Rico to be hit with painful austerity measures

The newly appointed head of a federal control board that oversees Puerto Rico's finances is warning the U.S. territory will be hit with painful austerity measures in upcoming months

Yahoo and Verizon confirm sale, with $350 million post-hack discount

Yahoo and Verizon said Tuesday that the sale would go ahead, for $4.48 billion, which reflects a $350 million discount agreed upon after Yahoo late last year announced two record-setting hacks of users’ personal information.