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In this Nov. 17, 2010, photo, Twitter co-founder and former CEO Evan Williams speaks at the Web 2.0 Summit in San Francisco. Williams, a Twitter co-founder who was CEO for two years until Costolo took over in 2010, owns a 12 percent stake in the company, which means he is in line for the biggest jackpot once the company goes public. (AP Photo/Paul Sakuma)
The Twitter Inc. logo and homepage are displayed on computer monitors for a photograph. Twitter Inc.'s market debut will be the most anticipated initial public offering since Facebook Inc. listed last year, and the microblogging service is making sure to avoid some of its rival's pitfalls. (Andrew Harrer/Bloomberg)
Twitter unsealed the documents Thursday, for its planned initial public offering of stock and says it hopes to raise up to $1 billion. (AP Photo/dpa, Soeren Stache)
DETROIT: Volkswagen will spend more than $15 billion to settle consumer lawsuits and government allegations that it cheated on emissions tests in what lawyers are calling the largest auto-related class-action settlement in U.S. history.