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The Week That Was: Facebook pays $16 billion for app

Friday, 21 Feb 2014 | 4:01 PM ET

CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Weather hits retail and housing. Traders were spooked by the Fed, and the CBO says that while raising the minimum wage would lift a million Americans out of poverty, it could also kill 500,000 jobs.