Twitter's surge revives valuation debate

Twitter logo is displayed on the floor of the New York Stock Exchange(Reuters) - The surge in Twitter Inc's shares has revived debate about whether the stock warrants a valuation that is five times that of Facebook Inc , its biggest rival in social media. Twitter reported on Tuesday that its active users jumped 24 percent to 271 million in the second quarter. If Facebook was trading at Twitter's valuation, it would be worth nearly $1 trillion.



A look at the EU's new sanctions against Russia

Sign reading 'Bank of Moscow" is installed on the headquarters of Russian Agricultural Bank in downtown Moscow, Russia, on Wednesday, July 30, 2014. The European Union approved dramatically tougher economic sanctions Tuesday against Russia, followed swiftly by a new round of U.S. penalties. Among the targets were three Russian banks: the Bank of Moscow, Russian Agricultural Bank and VTB Bank, Russia's second largest bank. (AP Photo/Ivan Sekretarev)BRUSSELS (AP) — The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies or face even tougher penalties.



Bribery case kicks off vs. Utah attorneys general

Former Utah Attorney General John Swallow arrives at court for his initial court appearance on bribery charges, Wednesday, July 30, 2014, in Salt Lake City. Swallow and former Utah Attorney General Mark Shurtleff made their first appearance as criminal defendants Wednesday, vowing to beat bribery charges and other counts. (AP Photo/Rick Bowmer)SALT LAKE CITY (AP) — Two former Utah attorneys general made their first appearance as criminal defendants Wednesday, vowing to beat a slew of bribery charges and other counts.



Terror threats at chemical plants underestimated

This April 18, 2013 file photo shows an aerial view of the remains of a fertilizer plant and an apartment complex to the left, destroyed by an explosion in West, Texas. The government has failed to inspect virtually all of the chemical facilities that it considers to be at high risk for a terror attack, numbering in the thousands, and has underestimated the threat to densely populated cities, congressional investigators say. (AP Photo/Tony Gutierrez, File)WASHINGTON (AP) — The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to terrorists, congressional investigators say.



Carnage at U.N. school as Israel pounds Gaza Strip

Palestinians displaced by an Israeli ground offensive take shelter at a United Nation-run school in Jebalya refugee campBy Nidal al-Mughrabi and Jeffrey Heller GAZA/JERUSALEM (Reuters) - Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting. Israel's security cabinet convened to discuss a revamped Egyptian proposal for a truce but it was unclear whether any decision was imminent that could halt a 23-day conflict in which nearly 1,400 people, mostly civilians, have died. Some 3,300 Palestinians, including many women and children, were taking refuge in the school in Jabalya refugee camp when it came under fire around dawn, the United Nations Relief and Works Agency (UNRWA) said. "Our initial assessment is that it was Israeli artillery that hit our school," UNRWA chief Pierre Krahenbuhl said in a statement after representatives of the agency visited the scene and examined fragments, craters and other damage.





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