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Kenya's Jubilee pretax profit jumps 17 pct in 2013

NAIROBI (Reuters) - Kenyan insurer Jubilee Holdings posted a 17 percent rise in pretax profit for last year to 3.15 billion shillings, it said on Thursday. Insurance is seen as a growth area in the east African nation, with the latest data showing only about 8 percent of the population has any form of coverage. The company attributed the jump in earnings to a 16 percent rise in its gross written premiums to 23.42 billion shillings. Earnings per... Read more...

Sotheby's comes out with defense in battle with Loeb

Sotheby's comes out with defense in battle with Loeb(Reuters) - Sotheby's on Tuesday published a 53-page slide deck in its defense against hedge fund manager Daniel Loeb, who has been trying to force his way onto the board of the auction house. Sotheby's said Loeb, whose Third Point LLC is the biggest investor in the company with a 9.6 percent stake, and his nominees would add "no incremental, relevant skills, experience or expertise" to the company's board, according to

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Daily Roundup: Twitter's redesign, Lightroom mobile for the iPad, and more!

Daily Roundup: Twitter's redesign, Lightroom mobile for the iPad, and more!You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.

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Scientists discover the secret behind zombie plants

Scientists discover the secret behind zombie plantsIf the fungal spore outbreak in The Last of Us scared the hell out of you, you'll be doubly terrified to know that there are actual parasites in nature that can turn animals and plants into zombies. In fact, ...

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Police keep quiet about cell-tracking technology

Police keep quiet about cell-tracking technologyWASHINGTON (AP) — Police across the country may be intercepting phone calls or text messages to find suspects using a technology tool known as Stingray. But they're refusing to turn over details about its use or heavily censoring files when they do.

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Wendy's now lets you pay for a meal with its mobile app

Wendy's now lets you pay for a meal with its mobile appWendy's, home to a bunch of square burgers and Frosty, is following in Burger King's footsteps and embracing mobile payments. Now, you can use the Ohio company's app to pay for your purchase in most (but not all) of its locations in the US. Just like its Burger King counterpart, the app acts as sort of a digital wallet that generates six-digit codes you'll have to give to cashiers for payment. Wendy's, however, has

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