Carnegie Mellon University wrongly tells 800 applicants they got in

(Reuters) – Carnegie Mellon University mistakenly informed about 800 applicants that they had won a place in one of the school’s prestigious computer science programs before retracting the acceptance letters, the school said. The acceptance letters were sent by email on Monday, according to the Pittsburgh-based school.

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TransferWise launches U.S. money transfer service, eyes more markets

By Jemima Kelly LONDON (Reuters) – British online money transfer business TransferWise launched its U.S. operation on Tuesday, the first step of an international expansion that will use $58 million in new backing to compete with the likes of Western Union and MoneyGram. TransferWise is among the biggest of a clutch of internet start-ups that have begun to challenge the dominance of the established companies and banks that provide money transfer services for ordinary consumers.

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Snapchat seeks new funding at up to $19 billion valuation: Bloomberg

(Reuters) – Snapchat is looking to raise as much as $500 million in a new funding round that would value the mobile messaging company at up to $19 billion, Bloomberg reported on Tuesday, citing a person with knowledge of the matter. The latest valuation is a massive increase for the company, which Facebook Inc offered to buy for $3 billion in late 2013.

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