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WhatsApp used by one billion people worldwide

Popular instant messaging platform WhatsApp has announced that one billion people are now active on its network, making it one of the largest services online. WhatsApp has been experiencing explosive growth over the past few years.

Two Northern California wildfires caused $1 billion in damage

San Francisco - Insurers expect to pay out $1 billion in losses to California property owners from the Valley and Butte fires in September that killed six people and damaged more than 2,500 structures.

Aetna is going to buy Humana for $37 billion

Atena, a health insurer, announced on Friday that it was going to buy Humana Inc. for around $37 billion, which will be the largest deal in the insurance industry.

Atlantic City fines bankrupt casino-hotel for losing power

Atlantic City - The empty Revel casino-hotel has already been fined $20,000 and will continue to be fined $5,000 a day by the city of Atlantic City until it gets electric service restored, officials said.

One in three people overweight

According to figures just released by the Overseas Development Institute (ODI) almost 1 billion people in the developing world are overweight.

5 billion people will use cellphones by 2017

In 2017, 5.1 billion people from all around the globe will be using cell phones, which is almost 1 billion more users who are using them now.

The value of Bitcoin surpasses $1 billion

Bitcoin, a virtual currency, has broken the $1 billion in value mark earlier this week, and is poised to challenge the US dollar and the Euro.

Heinz to be acquired for $23 billion

Warren E. Buffet has decided that he will acquire another well-known American brand. His company will be purchasing H.J. Heinz.

IBM posts revenue of $24.6 billion, income rises 10%

The IBM Corporation, recently known for constructing a computer named "Watson" that won a Jeopardy all-star clash, reported Tuesday that its first-quarter net income rose 10 percent.

College drop-outs costing the US $9 billion

Over a five year period students who dropped out of four-year colleges and universities before their sophomore year cost the United States more than $9 billion according to the American Institutes for Research (AIR).

Half a billion eggs recalled because of salmonella in US

Half a billion eggs have now been recalled in the US because of an outbreak of salmonella. No deaths have yet been reported but there have been many cases of illness from salmonella poisoning.

New UK Chancellor announces £6 billion worth of cuts

New Chancellor George Osbourne announced today where the £6 billion worth of cuts that we were promised will fall. It's being warned that these cuts or savings, as some prefer it, are the first of many.

Twitter reaches 10 billion tweets, no sign of slowing down

Twitter today reached another milestone for the micro-messaging service, with more than 10 billion tweets now having been sent on the network by its millions of users.

U.S. Treasury to sell $74 billion debt next week

Next week, the United States Treasury will sell $74 billion worth of debt in the form of notes and bonds. Optimism rose in Wall Street as the number of first-time claims for unemployment benefits fell for the first time in a year.

Bank of America to Repay TARP

Bank of America is preparing to pay back the $45 billion dollars it borrowed from the U.S. government as part of the Troubled Assessts Recovery Program (TARP).

Rolls Royce signs aircraft engine contracts worth $2 billion

Rolls Royce has announced its has secured orders worth $2 billion. The UK firm will be making engines for Airbus planes that will be used by Air China and Ethiopian Airlines.

Billionaire Soros commits $1 billion to combat climate change

Billionaire George Soros will invest $1 billion in clean energy technology and another $100 million over ten years in a Climate Policy Initiative. Global warming is a "political problem" requiring "political will" to solve it, Soros said.

Pfizer fined $2.3 billion for improper marketing of medications

The world's largest drug company, Pfizer is paying out $2.3 billion for promoting prescription drugs in the United States illegally.

Mexican President Proposes $10 Billion World ‘Green Fund’

Mexican President Felipe Calderon has proposed a 10-billion-U.S. dollar "green fund" to be administered by the World Bank.

GM posts quarterly loss of $6 billion

GM is going through its cash reserves faster than ever as it moves toward a June 1 deadline to cut debt and expenses or else file for bankruptcy.

Google world's top brand, first to reach $100-billion mark

According to the annual BrandZ list, a ranking that identifies the world's most valuable brands measured by their dollar value, Google is the “Most valuable Global brand.” The company is also the first one to reach the $100-billion mark.

UN: By 2050 World Population to Exceed 9 Billion

The world’s population will hit 7 billion early in 2012 and top 9 billion in 2050, with the majority of the increase taking place in developing countries.

Report: Reconstruction of Iraq a 100-billion failure

A 513-page report to be published soon bills Iraq’s reconstructions a big failure. Most of the rebuilding efforts were nothing more than restoration on what was already destroyed.

Silicon Valley company produces one billionth computer mouse

Over the years, many have sounded the impending death of the computer mouse but so far it has survived like its namesake for nearly 40 years with no clear alternative. Logitech, a technology company in Silicon Valley, produced its one billionth mouse.

U.S. National Debt Soars $500 Billion in Less Than a Month

It took 42 years for the U.S. to reach $1 trillion in debt by 1982. However, under the Bush administration, it took just one month to reach half a trillion in additional debt, pushing the country's national debit to $10.5 trillion.

iTunes Sells Over Five Billion Songs, 50,000 Movies Daily

Apple announced today it has sold more than five billion songs through its iTunes Store. Customers are either purchasing or renting at a rate of 50,000 movies per day.

World Health Organization: Smoking could kill one billion by 2100

During the 20th century, smoking tobacco killed more than 100 million people. But in the 21st century, health experts estimate smoking will kill one billion people unless governments takes steps to curb the habit.

Google: The $200 Billion Gorilla

Google announced its report yesterday showing higher earnings than expected and now Google has a hit an all time in stocks today. Its total value exceeds $200 billion mark in terms of market value.

Is MySpace Worth $12 billion?

Michael Arrington of Techcrunch reports that Yahoo may buy MySpace for 25% of the stock in the combined entity, which values to $12 Billion dollars. He says it will be a great deal for Fox, but not so great deal for Yahoo.

Where's the Money for Child Care?

With more than $2 million not accounted for the government is clueless to where money for child care funding went. The provisions are months to years overdue on the reporting of where their money went.
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