Category archives: Business

Sequoia Capital Takes Victory Lap After Facebook's $19 Billion WhatsApp Deal

Sequoia Capital took a victory lap Wednesday after Facebook Inc.’s $19 billion deal for WhatsApp. The venture-capital firm, which invested $8 million in the smartphone-messaging app in 2011, stands to reap a huge return on that investment following Wednesday’s deal.Facebooks said it will pay $19bn in cash and stock to acquire WhatsApp, a deal that further emphasizes the social network’s mobile push. In a blog post, Jim Goetz, a partner […]

Gun sales are plunging

Sales of guns and ammo are losing steam after a frenzied run-up sparked by fears of greater restrictions in the wake of the Newtown shooting and other massacres. Background checks by the Federal Bureau of Investigation, considered to be the most accurate means of tracking gun sales, plunged by a third in January compared to the year before. There were about 1.66 million background checks last month, and nearly 2.5 […]

Canada :Tim Hortons announces TV channel, Twitter cheers

Can you believe it? Tim Hortons turns 50 years old this year.Yes, they have had about a dozen facelifts over the years, and dramatically increased their menu, but this year they have come up with something completely new.In February, Tim Hortons coffee shops will be equipped with TimsTV.TimsTV is an in-restaurant television channel that will be installed at 2,200 locations and aired on Tim Hortons screens. What a better way […]

Corruption across EU 'breathtaking' - EU Commission

From country to country the pattern of corruption varies a lot The extent of corruption in Europe is “breathtaking” and it costs the EU economy about 120bn euros (£99bn) annually, the European Commission says. EU Home Affairs Commissioner Cecilia Malmstroem is now presenting a full report on the problem. Writing in Sweden’s Goeteborgs-Posten daily, she said corruption was eroding trust in democracy and draining resources from the legal economy. For […]

Global smartphone shipments top one billion 'milestone'

More than one billion smartphones were shipped last year, with Samsung extending its lead as the world’s biggest vendor, a new survey has showed. According to market research firm IDC, 1.004 billion smartphones were shipped last year, marking a 38.4% increase from the previous year. South Korea’s Samsung accounted for the bulk of that figure, followed by Apple and China’s Huawei. Smartphones made up more than half of the 1.8 […]

China economic growth at 14-year low

  China’s economy, the world’s second-largest, grew at its slowest pace in 14 years in 2013, latest figures show. Its gross domestic product (GDP) expanded 7.7% from a year ago, the slowest pace of growth since 1999. The growth rate was better than the government’s target of 7.5%. The pace of expansion was also the same as 2012. The data highlights the challenge policymakers face in sustaining China’s high growth […]


End Iran sanctions, Dubai ruler Sheikh Mohammed tells BBC

The ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, has called on the international community to lift its sanctions against Iran. ”Iran is our neighbour and we don’t want any problem,” said Sheikh Mohammed, who rarely gives interviews. But with the United Arab Emirates hosting Expo 2020, and signs that it is rebounding from the world financial crisis, he has been speaking exclusively to the BBC’s Jon Sopel in […]

German magazine claims NSA hacking unit uses powerful methods to obtain data

A German magazine, citing internal documents, claims the NSA’s hacking unit uses James Bond-style spy gear to obtain data, including intercepting computer deliveries and outfitting them with espionage software. Der Spiegel’s revelations relate to a division of the NSA known as Tailored Access Operations, or TAO, which is painted as an elite team of hackers specializing in stealing data from the toughest of targets. Citing the internal documents, the magazine […]

Denver issues first licenses for legal retail marijuana sales

  Ahead of the day when Colorado residents aged 21 and older can buy marijuana for recreational use, the first batch of Denver businesses approved to sell the drug got their licenses Friday. Applause broke out and cameras whirred when the first license was issued from Denver’s Department of Excise and Licenses. The city awarded 14 licenses for retail shops, 17 licenses for pot growers and three licenses for makers […]

The doctor won’t see you? Analysts warn ObamaCare plans could resemble Medicaid

  Those signing up for private health care coverage on the ObamaCare exchanges may be in for an unpleasant surprise — they’ll have insurance, but they might have trouble getting the doctor to see them.  As hundreds of thousands enroll for coverage beginning Jan. 1, analysts are warning that the plans are likely to give them access to fewer doctors and hospitals. So much so, they warn, that the system […]