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South Africa's Woolworths set to buy Australia's David Jones for $2 billion

South Africa's Woolworths set to buy Australia's David Jones for $2 billionBy Byron Kaye SYDNEY (Reuters) - South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium. The deal, the biggest for Woolworths to date, creates a leading southern hemisphere retailer that will benefit from greater scale and a common fashion seasonality, and comes as Australia's

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In South Korea, draft dodgers go to prison, many for shared beliefs

In South Korea, draft dodgers go to prison, many for shared beliefsKim Ji-gwan has a succinct explanation for why he, his father, and two brothers all chose to go to jail rather than be drafted into the South Korean armed forces. In the past, the US and many other countries accepted religious beliefs as grounds for opting out of military service. The UN Human Rights Council reports that 669 of 723 conscientious objectors in jail worldwide as of last November are Korean. And almost all of these prisoners are

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EFF lawyer questions Microsoft's ability to search our email, claims it's open to abuse

EFF lawyer questions Microsoft's ability to search our email, claims it's open to abuseThis week Microsoft revealed that, without a warrant, it accessed the Hotmail account of a French blogger in order to track down an employee leaking source code to some of its products, ultimately leading to that employee's arrest. ...

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KCG paid chief executive Coleman $10.4 million for 2013

KCG paid chief executive Coleman $10.4 million for 2013By John McCrank NEW YORK (Reuters) - Trading firm KCG Holdings awarded its chief executive, Daniel Coleman, $10.4 million in 2013, the year in which the company was formed by the $1.4 billion takeover of Knight Capital Group by rival Getco, according to a regulatory filing. Coleman, who had been CEO of high-speed trader Getco, earned a salary of $500,000, with the remainder of his earnings in stock and options awards, as well as a $700,000 cash

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The Private Sector Tackling Education in Emerging Economies

The Private Sector Tackling Education in Emerging EconomiesAnyone who really wants to understand what is happening with education in emerging economies should look to Sunny Varkey. Born to expat Indian teachers in Dubai, Varkey is now head of the largest operator of private K-12 schools in the world, GEMS Education.

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World markets recover on upbeat US economic data

World markets recover on upbeat US economic dataHONG KONG (AP) — World stock markets bounced back Friday as upbeat U.S. economic data helped shake off worries about future increases in U.S. interest rates.

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