News Posts 

PayPal to buy digital money transfer provider Xoom

admin , , , , , , ,

By Mari Saito SAN FRANCISCO (Reuters) – PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc . The offer price of $25 per share in cash represents a premium of about 21 percent to Xoom's Wednesday closing price of $20.70. Xoom shares surged on the announcement and were trading around the offer price in extended trading

Read more
News Posts 

California cancer patient with amnesia faces identity crisis

creative , , , , , , , , , ,

By Marty Graham SAN DIEGO (Reuters) – A woman with amnesia who has been undergoing cancer treatments since she was found semiconscious in Southern California has turned to social media and law enforcement as she struggles to rekindle memory of her own identity and any family she may have. “The amnesia I have is called retro amnesia, and doctors have said they have seen this before with the kind of antibodies from the volleyball-sized tumor that was on my ovary,” she wrote on her Facebook page.    “I have been getting chemotherapy treatments, and have lost all of my hair ..

Read more
News Posts 

Visa joins MasterCard, AmEx in ending use for Backpage sex ads

publisher , , , , , , , , , , , ,

By Mary Wisniewski CHICAGO (Reuters) – Visa Inc said on Wednesday it is joining MasterCard Inc and American Express Co in barring its credit cards from being used to pay for ads on Backpage.com following a request from a Chicago sheriff who said the site is used by sex traffickers. Cook County Sheriff Thomas Dart said that “escort” ads on Backpage.com and similar classified advertising sites make up the foundation of a sex-trafficking industry that preys on the young and vulnerable. Earlier this week, he asked both Visa and MasterCard to cut off any association with the Backpage.com “adult” section.

Read more
News Posts 

China adopts new security law to make networks, systems ‘controllable’

admin , , , , , , , , ,

By Michael Martina BEIJING (Reuters) – China's legislature adopted a sweeping national security law on Wednesday that covers everything from territorial sovereignty to measures to tighten cyber security, a move likely to rile foreign businesses. A core component of the law, passed by the standing committee of the National People's Congress (NPC), is to make all key network infrastructure and information systems “secure and controllable”

Read more
News Posts 

MasterCard stops allowing charges for Backpage.com sex ads

creative , , , , , , , , , , , , , ,

By Mary Wisniewski CHICAGO (Reuters) – MasterCard said on Tuesday that its credit cards can no longer be used to pay for ads on the Backpage.com website, following a request from a Chicago law enforcement official who said the site is used by sex traffickers. Cook County Sheriff Thomas Dart said that so-called “escort” ads on Backpage.com and similar sites make up the foundation of the sex trafficking industry, which preys on the young and vulnerable. “Backpage has significantly lowered the barrier to entry for would-be traffickers,” said Dart, adding he will reveal details of a larger initiative against Backpage at a news conference on Wednesday

Read more
News Posts 

Wimbledon top grand slam for social media: survey

publisher , , , , , , , , , , , ,

By Michael Roddy LONDON, (Reuters) – Wimbledon is the top grand slam championship for attracting social media-savvy tennis fans, with more followers on Facebook, Twitter and Instagram than any of the other three, a survey released on Wednesday said. The tournament’s 4.1 million followers on the social media websites put Wimbledon on top, with the French Open second on 3.7 million and the U.S.

Read more
News Posts 

Tennis-Wimbledon top grand slam for social media – survey

admin , , , , , ,

By Michael Roddy LONDON, July 1 (Reuters) – Wimbledon is the top grand slam championship for attracting social media-savvy tennis fans, with more followers on Facebook, Twitter and Instagram than any of the other three, a survey released on Wednesday said. The tournament’s 4.1 million followers on the social media websites put Wimbledon on top, with the French Open second on 3.7 million and the U.S

Read more
News Posts 

Obama touts overtime pay proposal as ‘fair’ on Twitter

publisher , , , , , , , , , , , ,

WASHINGTON (Reuters) – President Barack Obama touted his new proposal to increase the number of workers eligible for overtime pay on Monday, saying on Twitter “a hard day's work deserves a fair day's pay.” The Department of Labor proposal would make nearly 5 million more workers eligible for overtime pay, a move that could face legal challenges. (Reporting By Julia Edwards; Editing by Bill Trott)

Read more