Airbnb hires Blackstone CFO Tosi: Bloomberg

The San Francisco-based company, one of Silicon Valley's most successful start-ups since it was founded five years ago by a trio of graduates, has so far snubbed an initial public offering in favor of ever-larger private fundraising rounds. Tosi's appointment, however, would better position the company to go public.

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Toronto cab drivers sue to halt Uber; seek C$400 million in damages

By Alastair Sharp TORONTO (Reuters) – Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc [UBER.UL], seeking more than C$400 million ($307.27 million) in damages and an injunction to stop it operating in the Canadian province of Ontario. Law firm Sutts, Strosberg LLP, which is representing the taxi drivers, said in a statement on Thursday that the named plaintiff, cab driver Dominik Konjevic, alleges that “Uber X and Uber XL have created an enormous marketplace for illegal transportation in Toronto”

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Rubio calls U.S. higher education system a ‘cartel’, urges overhaul

(Reuters) – U.S. Republican presidential candidate Marco Rubio called on Tuesday for an overhaul of the country's higher education system, saying that universities were operating as a “cartel” and were not meeting the needs of students or the economy. The speech was part of a move by Rubio to increase his visibility on the campaign trail after focusing over the past several weeks on Senate business.

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

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”

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