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Online design retailer Fab Inc. is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital, people familiar with the matter said. Google announced Monday that it will close down its online payment processing product Google Checkout in six months, as it looks to build support for the multi-screen Google Wallet product. Satellite mogul Charlie Ergen bid $2 billion for certain spectrum from LightSquared Inc., the wireless venture spearheaded by financier Philip Falcone that is currently navigating bankruptcy proceedings, said people familiar with the offer. The $349 phone is designed to be able to withstand a six-foot drop onto concrete or a 30-minute dip in a pool, all without adding too much heft to a standard Android phone. A new kind of cash -- via email -- from the micro-payments company. Apple Inc. has set up corporate structures that have allowed it to pay little or no corporate tax -- in any country -- on much of its overseas income, according to the findings of a U. After so much bad news from competitors, it's hard to be optimistic. Apple isn't improperly ducking U.S. taxes, but the rules need to be reformed, according to the company. Apparently, they also bring good Internet of things to light. Buyout firm Vista Equity Partners agreed to pay about $1 billion to acquire Websense Inc., a maker of software and services designed to help protect companies against cyber attacks and data theft.