It's a big buy for Facebook. The social-networking firm has just snapped up the mobile messaging service WhatsApp for a whopping 19-billion dollars in cash and stock. WhatsApp is an alternative to the traditional text messaging service. The numbers show it's also more popular than Twitter with 450-million monthly users.
Gap employees get ready for a raise. The clothing chain is going to raise the minimum hourly wage for its US employees to $9 this year and $10 next year. The increases will affect about 65-thousand employees. Gap Inc's stores also include Banana Republic and Old Navy. The move comes as President Obama is urging Congress to raise the federal minimum wage to $10.10 an hour.
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