publisher, Author at Elite Sites

India’s Snapdeal to raise $500 million from Alibaba, SoftBank, Foxconn: sources

August 3, 2015 publisher also-including, another-person, china, group-corp, indian, investors, person, recent-months, said-on-monday, snapdeal, source-did, startup, the-matter, trading

By Paul Carsten BEIJING (Reuters) – Indian online marketplace Snapdeal is set to raise $500 million from a group of foreign investors including China's Alibaba Group Holding Ltd, three people familiar with the matter said on Monday. The latest round of support, from investors also including SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, would value Snapdeal at more than $5 billion, another person said. The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal, which in October secured a $627 million investment from SoftBank, itself an early backer of Alibaba.

News Posts

Los Angeles police return Afghan immigrants’ lost wedding album

July 31, 2015 publisher airport, angeles, couple-landed, dobuzinskis, pedregon, terminal-last, wedding, work

By Alex Dobuzinskis LOS ANGELES (Reuters) – Los Angeles airport police used Facebook to track down an Afghan immigrant couple who accidentally left their wedding album at the international terminal last year, leading to a ceremonial presentation this week of the long-lost memento, an official said on Friday. The couple landed at Los Angeles International Airport in September 2014 from Afghanistan, where the husband was a military interpreter and faced threats due to his work, said Rob Pedregon, a spokesman for Los Angeles Airport Police. On the day the couple flew into the airport, their wedding album was discovered tucked into a briefcase left in the international terminal, Pedregon said.

News Posts

Facebook CEO Zuckerberg and wife expecting a baby girl

July 31, 2015 publisher airport, angeles, couple-landed, daughter, facebook, mountain, mountain-view, page-on-friday, pedregon, pregnancy, priscilla-chan, san, wedding, zuckerberg

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg and his wife, Priscilla Chan, are expecting a baby girl, he said on his Facebook page on Friday. Zuckerberg, 31, did not say when their daughter is due but said the pregnancy was far enough along that the risk of miscarriage was low.

News Posts

Texas Christian University student disciplined over social media comments

July 31, 2015 publisher after-posting, airport, baltimore, couple-landed, facebook, mountain, officials-said, said-on-friday, san, university

A Texas Christian University (TCU) student has been disciplined after posting online comments seen as racially offensive about current events, including rioting in Baltimore and the rise of the Islamic State, TCU officials said on Friday.

News Posts

Expedia beats Wall Street view, shares rise

July 30, 2015 publisher 449-6-million, expedia, general-motors, larger-dividend, media, mobile-phone, name-as-well, thomson-reuters

(Reuters) – Expedia Inc on Thursday posted a second-quarter profit above analysts' expectations and announced a larger dividend as travel bookings grow, sending its shares up more than 7 percent in after-market trade. Expedia, which became the world's largest online travel services company by bookings in the first quarter, earned $449.6 million in the second quarter. On an adjusted basis, it earned $118.6 million, or 89 cents per share, compared to analysts' average estimate of 84 cents per share, according to Thomson Reuters I/B/E/S

News Posts

NBCUniversal close to investing in BuzzFeed: source

July 30, 2015 publisher 449-6-million, employees-work, expedia, general-motors, larger-dividend, media, television-unit, thomson-reuters

Comcast Corp's NBCUniversal film and television unit is close to making an investment in online publisher BuzzFeed and is in talks to raise its stake in Vox Media, a person with knowledge of both sets of discussions said on Thursday.

News Posts

FBI understaffed to tackle cyber threats, says watchdog

July 30, 2015 publisher cyber-most, federal-bureau, field-offices, generation, handout-photos, initiative, internet, mountain, office, program-mainly, report, tackle-growing, the-report, thursday, will-provide

The FBI is struggling to attract computer scientists to its cybersecurity program mainly due to low pay, a report by the U.S. Department of Justice showed, highlighting weaknesses in a flagship initiative to tackle growing cyber threats. As of January 2015, The Federal Bureau of Investigation had only hired 52 of the 134 computer scientists it was authorized to employ under the Justice Department's Next Generation Cyber Initiative launched in 2012, the report showed

News Posts

Clinton, congressional Benghazi panel at odds over appearance date

July 25, 2015 publisher america, benghazi, california, camera, clinton, committee, house, mobile-devices, nickelodeon, passionate, picture, representative, school, stern-school, testify-on-oct

Hillary Clinton's presidential campaign said on Saturday the former secretary of state will testify on Oct. 22 before a House committee investigating the 2012 Benghazi, Libya, attacks, but a spokesman for the panel said no date had been set. Republican Representative Trey Gowdy, chairman of the Benghazi investigation committee, had sought to hear from Clinton on the attacks, in which four Americans were killed, and her use of a private email account while she was America's top diplomat.

News Posts

Connecticut teen of gun-firing drone video charged for assaulting police

July 23, 2015 publisher chattanooga, department, haughwout, library-parking, made-derogatory, make-it-clear, marines, police-officers, said-it-knew, the-information, video-showing

A Connecticut teenager who drew national attention this week for a viral Internet video showing a drone he had modified to fire a handgun was charged on Thursday with assaulting police officers in an unrelated incident. Austin Haughwout, 18, was charged with refusing to obey police orders on Wednesday when he was summoned to the Clinton police station in connection with an incident that occurred Sunday night, when he drove away from officers trying to question him in a library parking lot, according to police and court officials. When police attempted to arrest Haughwout on charges of interfering with an officer and failure to obey an officer’s signal, he became violent and attempted to flee the police station, the Clinton Police Department said in a statement.

News Posts

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

July 23, 2015 publisher 307-27-million, are-launching, chattanooga, economy, madrid, marines, most-successful, seeking-more, smartphone-over, taxi, taxi-drivers, technologies

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”