Epic Research Singapore : Ebay Market News Update

EBay Inc. became the latest big-name retailer to be struck by a network-hacking attack, and the e-commerce and online payments giant on Wednesday urged its customers to change their passwords, to reduce the chance of their accounts being compromised. 
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EBay EBAY -0.15%  said the attack occurred “between late February and early March” and involved breaching a database that contained passwords and other nonfinancial data . EBay didn’t give any estimates for how many accounts may have been hit in the attack, but in April, the company reported 145 million “active buyers” at the end of its first quarter.

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Epic Research Singapore : Facebook Market News Update

Facebook Inc is preparing to join the mobile-payments race with remittances and electronic-money services on the social network, the Financial Times reported on Sunday, citing several people involved in the process.

The company is close to obtaining approval from the Central Bank of Ireland to start a service that would allow users to store money on Facebook and use it to pay and exchange with others, the people told the FT.

The company has also had partnership talks with at least three London start-ups - TransferWise, Moni Technologies and Azimo - that offer online and mobile international money transfer services, three people involved in the discussions told FT.

Facebook's specific plans, including which countries the electronic-money services would be available in, were not immediately clear.

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Epic Research Singapore :Facebook Market News Update

Facebook Inc. FB +0.50% is getting ready to launch financial services, which would let people make payments and store their money via its social network, the Financial Times reported Monday. It is seeking regulatory approval in Ireland for the service, with a decision only weeks away, the FT said, citing people involved in the process. Under the plans, Facebook's "e-money" would be a claim against the company and be valid in Europe. Alongside this, the social-networking provider is looking into partnerships with London-based companies focused on online money transfers: TransferWise, Moni Technologies and Azimo, the report said. Facebook had not responded to a request for comment at time of writing. Facebook shares rose 0.1% ahead of the open.

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Epic Research Singapore : Facebook Market News Update

Facebook revealed on Thursday it has a lab working on using drones, satellites and solar-powered planes to provide web access around the world.

"We've been working on ways to beam Internet to people from the sky," Facebook co-founder and chief Mark Zuckerberg said in a post on the leading social network.

The team at the Connectivity Lab builds on a quest by Facebook-launched Internet.org to make access to basic online services available everywhere on the planet.

"Connecting the whole world will require inventing new technology too," Mr Zuckerberg said.

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Epic Research Singapore : Facebook Market News Update

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When Facebook announced that it agreed to buy Oculus VR, a developer of virtual-reality glasses, for $2 billion, investors got concerned again.

On the conference call with investors, Zuckerberg tried to portray each of these recent, high-valuation deals as extremely rare and not something that Facebook is going to embark on again in the next few months.

I guess you should not expect us to make a couple of multi-billion-dollar acquisitions over the next couple of months,” Zuckerberg said. “There are not many candidates to be the next computing platform.” 
 

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Epic Research Singapore : Comex Market Update

Natural-gas futures closed higher on Friday to gain about 18% for the week, as cold U.S. weather continued to feed worries about supplies. Oil prices slipped after disappointing monthly existing home sales data, but still rose for the week. March natural gas NGH14 +2.89% added 7 cents, or 1.2%, to settle at $6.135 per million British thermal units. April crude CLJ4 -0.42% fell 55 cents, or 0.5%, to $102.20 a barrel. Tracking the most-active contracts, oil prices added 1.9% for the week, according to FactSet data. 


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Epic Research Singapore : Facebook News Update

Investors and pundits from Wall Street to Silicon Valley were stunned on Wednesday afternoon after Facebook said it was paying a total of $16 billion in combined cash and stock for WhatsApp, an Internet-based mobile texting app that circumvents the SMS messaging services operated by the telcos and has more than 450 million users around the world.
Facebook FB -2.69% investors initially were not pleased at the staggering valuation the social media giant is paying for the Mountain View, Calif.-based company, which basically values each WhatsApp user at about $42 a customer. The deal also includes an additional $3 billion in restricted stock for the company’s employees, bringing the total value to as much as $19 billion. After first tumbling more than 5%, Facebook’s  shares recovered slightly and were off about 3% in after-hours trading.
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