Hidden away in Building 17 of Facebook Inc. (FB)’s headquarters is a 170-person team that’s toiling away on products not usually associated with a social-networking company: hardware. Up from just seven people in 2010, the team designs, manufactures and supplies the powerful server computers that handle Internet traffic for the Menlo Park, California-based company. The group has produced hundreds of thousands of the machines, with Facebook last year spending $1.36 billion on its own data centers, compared with $606 million in 2011.
Updated 6 Years ago

Mergers and acquisitions are making London’s rich richer. This time it involves their homes. Some of the city’s wealthiest residents are buying out their neighbors to create super-sized apartments that can double the value per square foot compared with the separate properties.
Updated 6 Years ago

Naira yesterday gained significantly against the US dollar by 1.27 percent or N2.07k at the interbank market following foreign investors bid for naira fixed-income assets.
Updated 6 Years ago

China's consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world's second-largest economy. The consumer price index (CPI) rose 2.4 percent in March from a year earlier, the National Bureau of Statistics said on Friday, more from a 2.0 percent rise in February but just below the median forecast in a Reuters poll.
Updated 6 Years ago

With a liquor cabinet full of famous brands, Diageo (DEO) has hired retired soccer star David Beckham to peddle a new Scotch.
Updated 6 Years ago

BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships.
Updated 6 Years ago

Motorola Mobility has named Rick Osterloh as its chief operating officer, reporting to the Motorola Operating Board at Google Inc until its acquisition by Lenovo Group Ltd is completed.
Updated 6 Years ago

The Millennium Development Goals (MDGs) is expiring next year. At the dawn of the 21st century, specifically in September 2000, Nigeria and 188 other member countries of United Nations assembled at UN Headquarters in New York and agreed on a number of initiatives to free people from extreme poverty.
Updated 6 Years ago

Agents to importers of goods caught up in the changeover from the Risk Assessment Report (RAR) to the Pre-Arrival Assessment Report (PAAR) have refused take advantage of a provisional release window provided for them by the Nigeria Customs Service to clear the affected goods.
Updated 6 Years ago

Turn on the TV or flip through your favorite magazine and chances are you will come across some ad or article that promises massive success in your life or business if you just buy this particular product or do this one particular thing. It’s all a lie. There is no secret to achieving massive success. As human beings, it’s not out of the ordinary at some point to look for a shortcut or seek ways to maximize results without maximizing the effort. This type of thinking is carried by the majority of the population.
Updated 6 Years ago