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CBS Corp gets favorable REIT ruling for Outdoor unit from IRS

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- CBS Corp said on Wednesday that the Internal Revenue Service gave a favorable ruling to the company's plan to convert its outdoor advertising subsidiary, CBS Outdoor Americas Inc, into a real-estate investment trust (REIT).

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How about Hightail-ing it?

Silicon Valley startup YouSendIt. which began as a file sharing and storage company, is getting a corporate makeover. YouSendIt comes off, and Hightail gets papered on.

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