U.S. Authorities Investigating Western Union over money moved on its network that may have been tied to alleged fraud

U.S. Authorities Investigating Western Union

Company Says It Has Received Multiple Subpoenas Since November

ANDREW R. JOHNSON

Updated Feb. 24, 2014 6:53 p.m. ET

Western Union Co. WU +1.93% , the world’s largest money-transfer company, is being investigated by the U.S. government over money moved on its network that may have been tied to alleged fraud, according to a regulatory filing released Monday.

The Englewood, Colo.-based company said in the filing it has received multiple subpoenas since Nov. 25 from the U.S. attorney’s office for the Middle District of Pennsylvania. Read more of this post

Facebook’s Zuckerberg: WhatsApp Worth More Than Its Price Tag; CEO Says WhatsApp Is Rare Platform That Could Reach One Billion Users; I Thought Facebook’s WhatsApp Deal Was Crazy. Then I Did Some Math

Facebook’s Zuckerberg: WhatsApp Worth More Than Its Price Tag

CEO Says WhatsApp Is Rare Platform That Could Reach One Billion Users

SAM SCHECHNER

Updated Feb. 24, 2014 3:01 p.m. ET

BARCELONA— Mark Zuckerberg has a message for doubters of Facebook Inc.FB +3.19% ‘s acquisition of mobile-messaging service WhatsApp: $19 billion was cheap.

The Facebook chief executive said Monday that the five-year-old mobile application was worth more than Facebook agreed to pay for it last week, because the app is a rare platform that has the potential to reach over a billion users. Read more of this post

Your Heart May Be Older Than You Are

Your Heart May Be Older Than You Are

SHIRLEY S. WANG

Feb. 24, 2014 8:20 p.m. ET

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We all know we should eat healthier, exercise more and sometimes take medicines to stave off heart disease. Some researchers think putting an age on our hearts will do a better job of motivating us to do all that. Read more of this post

Beijing Squeezes Hong Kong’s Media; China reneges on the democracy and freedom it promised

Beijing Squeezes Hong Kong’s Media

China reneges on the democracy and freedom it promised.

Updated Feb. 24, 2014 7:14 p.m. ET

Hong Kong’s battle over press freedom is escalating, as several thousand journalists and regular Hong Kongers marched on Sunday to protest increasing government pressure on independent media. The “Free Speech, Free Hong Kong” rally is the latest sign that locals won’t quietly let Beijing renege on promises to grant the city democratic self-government by 2017. Read more of this post

China’s Premier Lays Out Corruption Fight Plan

Feb 24, 2014

China’s Premier Lays Out Corruption Fight Plan

One of the biggest obstacles China’s leadership faces in fighting corruption, according to Premier Li Keqiang, is the Chinese government.

In newly published remarks, Premier Li said the government’s broad regulatory powers over markets and business are key drivers of rampant graft.  He named bidding for construction projects, government procurement and the awarding of land-use and mining rights as areas particularly prone to corruption. Read more of this post

Chinese Banks Match Tech Firms in Race for Deposits; Funds Offering About 6% Returns Compete With Products From Alibaba, Tencent, Baidu.

Chinese Banks Match Tech Firms in Race for Deposits

Funds Offering About 6% Returns Compete With Products From Alibaba, Tencent, Baidu.

Feb. 24, 2014 6:19 a.m. ET

BEIJING—Chinese banks are trying to take on innovative tech companies that have set up successful investment funds in a contest that is reshaping China’s banking industry.

A number of banks, including big state-owned lenders as well as smaller ones, have launched a flurry of investment products to compete with the money-market funds introduced by their tech-sector rivals. Read more of this post

LinkedIn to Expand in China, Goals Are ‘Aligned’ With Government’s

Feb 24, 2014

Weiner: LinkedIn to Expand in China, Goals Are ‘Aligned’ With Government’s

REED ALBERGOTTI

LinkedIn launched a Chinese-language website Tuesday, expanding a push by the work-oriented social network into one of the world’s largest centers of business professionals.

LinkedIn said it hopes the site, which uses simplified Chinese characters, will attract 140 million new professionals, which would boost its user base by 50%. The company did not specify a time frame for adding the new users. Read more of this post

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