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Twitter prices IPO at $26 per share

Company will be valued at $14bn as share price rises from original estimates Twitter will be valued at over $14bn (£8.7bn) when the social media company starts selling its shares on Thursday. The company said it was pricing its Initial Public Offering (IPO) of 70 million shares of its common…

New Zealand government orders new investigation into online ‘rape club’

The New Zealand government ordered an independent inquiry Thursday into allegations that police botched an investigation into an online “rape club” that preyed on underage girls. Police Minister Anne Tolley said the case, which has sparked outrage in New Zealand, had been “poorly handled” and she had asked the police…

165-million-year-old fossil shows Chinese insects copulating

Chinese scientists have discovered the oldest known fossil of a pair of insects caught in the act of copulating, according to a study released Wednesday. The imprint of the male and female froghoppers, lying belly to belly, was dug up in northeastern China. The fossil is believed to be 165…

Google says mystery barge to be ‘interactive space for learning about technology’

Google ended nearly two weeks of speculation about an enormous floating barge in San Francisco Bay, saying it would be “an interactive space” for learning about technology. A Google spokesperson dismissed wild conjecture about the barge, which was spotted last month by the technology news blog CNET, which spurred rumors…

NFL commissioner announces investigation into Richie Incognito bullying case

NFL Commissioner Roger Goodell appointed New York attorney Ted Wells to conduct an independent investigation into the Miami Dolphins in the wake of harassment allegations against suspended blocker Richie Incognito. Incognito, an offensive guard, allegedly used racist language and repeated threats to bully fellow blocker Jonathan Martin, his neighbor on…

Bilingualism may help delay dementia

People who speak two languages may be able to ward off dementia for years, regardless of whether they have the ability to read or not, according to a study Wednesday. The study in the U.S. journal Neurology is the first of its kind to show that the protective effects of…

Wells Fargo pays $335 million to settle Fannie and Freddie lawsuits

Wells Fargo said Wednesday it had agreed to pay $335 million to settle claims by Fannie Mae and Freddie Mac that it overstated the quality of mortgage securities it sold them. The US bank said the two state-controlled housing finance agencies had agreed to the sums having earlier pulled out…

Mexican Supreme Court overturns release for drug kingpin Caro Quintero

Mexico’s Supreme Court overturned Wednesday a lower court decision to free drug kingpin Rafael Caro Quintero, whose sentence for the killing of a US agent was cut short in August. Caro Quintero, considered a forefather of Mexico’s modern drug cartels, has vanished since walking out of prison on a legal…

Spain reports first case of deadly MERS coronavirus

Spain said Wednesday that a woman who just returned from Saudi Arabia has been infected by the MERS coronavirus in the country’s first case of the deadly disease. The patient, who was born in Morocco but lives in Spain, is receiving treatment at a Madrid hospital and is in a…

The Philippines’ elite turn to stem cell therapy to fight aging

Cynthia Carrion-Norton flits high-heeled around the Philippine capital with energy levels belying her years, thankful for a controversial treatment she highly recommends to fellow sixty-somethings. Carrion-Norton, 66, a member of the Philippine Olympic Committee and a former undersecretary for medical tourism, credits her vitality to adult stem cell therapy. “The…

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