April 26, 2024

Face.com acquired by Facebook for an estimated $80 million+, facial tagging clearly at the forefront

Facebook already dropped the "the," so why not oversimplify and drop the "book," too? All jesting aside, Facebook is continuing its recent buying spree with the acquisition of Face.com for an estimated $ 80 - $ 100 million. The Israeli-based startup is being entirely scooped up by Zuckerberg's social network -- talent and technology included -- … [Read more...]

Ride to Conquer Cancer raises 11.2 million dollars

More than 3,000 cyclists are on the road this morning - marking the start of the 4th annual "Ride to Conquer Cancer."The two-day, 200-kilometre fundraiser will see participants ride from Fraser Downs in Surrey - all the way to Redmond, Washington.Doug Spencer is with the BC Cancer Foundation. "More than 3,000 riders have raised 11.2 million dollars … [Read more...]

B.C. offers Musqueam $5 million in bid to solve land dispute

A dispute over a housing development being built over sacred native land in Vancouver could soon be resolved. The provincial government has offered the Musqueam band nearly $ 5 million to negotiate a land swap with the owners of the Marpole Midden project. Band member Cecelia Point says the developer must now agree to give up the site of ancestral … [Read more...]

Nearly $18 million raised for B.C.’s sick children

The annual Miracle Weekend telethon has raised nearly $ 18 million for B.C. Children’s Hospital. Spokesperson Stephen Forgach says it's the highest total ever. "We beat last year's total – and when you get up to raising this much money, it's always hard to push it much higher, but the community comes through for us year after … [Read more...]

VEF – An Evening With Shaun McConnon of Q1 Labs: From University Project To Multi-Hundred Million Dollar Exit

Shaun McConnon, former Chairman and CEO of Q1 Labs, is a three time winning CEO who has built over a Billion dollars of shareholder value. Learn how Q1 Labs successfully spun out technology from the University of New Brunswick and built a global company worth hundreds of millions of dollars. Under Shaun’s leadership, Q1 Labs raised $ 42M in … [Read more...]

Amazon’s Q1 2012 earnings: net income down 35 percent to $130 million, net sales at $13.18 billion

It's no Apple-sized quarter, but you'd need to be on HGTV's Million Dollar Rooms a handful of times over to scoff at Amazon's Q1 2012 earnings. After reporting $ 177 million in net earnings last quarter (on $ 17.43 billion in revenue), the online sales behemoth has today registered $ 13.18 billion in net sales -- proudly reporting that said … [Read more...]

Riot investigation tops two million dollars

  While the team that finished second in last year's Stanley Cup play-offs faces elimination tonight in Los Angeles, Vancouver police have now tallied up how much they've spent investigating last year's riot.  The running tally has topped at least two million dollars, but Inspector Les Yeo -who heads up the riot investigation team- says … [Read more...]

Coast posts $28.9 million fourth-quarter loss

VANCOUVER - Coast Wholesale Appliances (TSX:CWA) reports fourth-quarter net loss of $ 28.9 million on goodwill charge. Local news from metronews.ca/vancouver … [Read more...]

Stairclimbers raise almost a quarter million for lung disease

If the topic that brought them together was grim, participants in Sunday’s Stairclimb for Clean Air were able to keep their spirits high, as almost 500 participants raised nearly $ 250,000 in support of lung health. Chris Lam, Development Manager for the stairclimb, called it a “great, great year” and “one of the best” of the six he has been … [Read more...]

Taseko to spend $134 million on Gilbraltar

VANCOUVER - Taseko Mines Ltd. (TSX:TKO) plans $ 134 million in capital spending this year for the Gibraltar copper and molybdenum mine in British Columbia, positioning the company for growth in 2013, the company said Wednesday.The Phase 3 expansion, which began last spring and is on track for completion by the end of this year, is projected to … [Read more...]