Daily business briefing: Facebook buys virtual reality company

March 26, 2014 

Facebook is buying virtual reality company Oculus for $2 billion. Irvine, Calif.-based Oculus VR Inc. makes the Oculus Rift, a virtual reality headset that covers a user's eyes and creates a virtual world that reacts to turning one's head or moving back and forth. Learn more at http://www.bnd.com/business. ...

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U.S. factories received more orders last month for long-lasting manufactured goods. The increase was the largest amount in three months, which included gains in demand for airplanes and automobiles. Read more at http://www.bnd.com/business. ...

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A leading Swiss firm reports that natural disasters such as the recent winter storms in the United States and typhoons in Asia cost insurance companies $45 billion in 2013. Find out more at http://www.bnd.com/business. ...

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For the first time in 15 years, the New York Yankees do not have baseball's highest payroll. The Los Angeles Dodgers have surpassed the Bronx Bombers as Major League Baseball's top-paid team with an average salary at almost $4 million. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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