New technology will slash foreign currency costs for consumers

Consumers should pay less than 1 percent in fees to exchange currency thanks to changes in financial infrastructure that are gathering pace, says the head of one of Europe’s biggest payment infrastructure providers. That compares to up to 10 percent still being charged by some of the market’s biggest players. Chief Executive John Sharman’s Tuxedo […]

Biggest test in U.S.-Cuba talks: the Internet

Contrary to what the headlines suggest, the biggest test of President Obama’s move to normalize relations with Cuba will not be whether the two countries agree to set up embassies in their respective capitals, nor whether there is an avalanche of U.S. tourists to Cuba, but whether Cuba will accept U.S. help to expand Internet […]

Gilt Groupe founder seeks to inspire innovation

Living in New York and working for luxury brands, Alexandra Wilkis Wilson loved to shop sample sales with her friend, Alexis Maybank, where they could nab amazing designer steals at 80 percent off retail. Wouldn’t it be nice, they thought, if friends in cities like Los Angeles, Chicago and Miami could have access to such […]

Samsung to launch next Galaxy phone

Samsung will put the rumours and alleged leaks about its next flagship smartphone to rest when it unveils the handset in London later on Thursday. More than 20 million copies of the existing Galaxy S2 have been sold since its launch in April 2011. Analysts say its success helped Samsung overtake Nokia to become the […]

As web booms, so does demand for data centers

Almost overnight, Pinterest is racking up billions of page views. Instagram is touching the 27-million-member mark. Zynga wants to build its own platform. Everywhere you look, you see the web economy booming and growing like never before. And that boom is spurring demand for data centers like never before. A new survey by Campos Research […]

Bacardi Ltd names Edward Shirley as new CEO

Bacardi Limited on Friday named the former vice chairman of Procter & Gamble’s Global Beauty & Grooming division as the new president and chief executive of the global liquor business. Edward Shirley, 55, who retired from P&G last July, will start his job on Monday based at Bacardi headquarters in Bermuda. Shirley replaces Seamus McBride, […]

Miami Valley crime lab losing business to state

Three area police departments have dropped contracts with the Miami Valley Regional Crime Laboratory, and there is concern others will follow, threatening the viability of a lab that currently provides evidence analysis for 100 jurisdictions in southwest Ohio. The departures provide the first evidence that the downtown Dayton lab, which employs 26 other folks, is […]

Broadband over the last year

With another year over, we look back at the events and revelations within broadband over the last year, and look to 2012 to see what we might be looking forward to in the industry. In rural areas, the announcement of broadband funding to provide a basic level of broadband in some areas, as well as […]