Exclusive: Google Ventures beefs up fund size to $300 million a year

SAN FRANCISCO (Reuters) - Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds. Access to that sizeable checkbook means Google Ventures will be able to invest in more later-stage financing rounds, which tend to be in the tens of millions...

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Man pleads no contest in 'Bling Ring' case

LOS ANGELES (AP) — A man who had been accused of burglarizing Paris Hilton's home pleaded no contest on Thursday to receiving jewelry stolen from the house during a rash of break-ins by a group dubbed the "Bling Ring."Roy Lopez Jr. was then sentenced to serve three years of supervised probation.Lopez, 30, was initially charged with felony residential burglary and conspiring with other members of the...

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Obama's health care overhaul turns into a sprint

WASHINGTON (AP) — The long slog has turned into a sprint. President Barack Obama's health care law survived the Supreme Court and the election; now the uninsured can sign up for coverage in about 11 months."We are out of the political gamesmanship and into the reality," said Sandy Praeger, Kansas' Republican insurance commissioner. Next week, states have to say if they're committed to building the...

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Loughner gets life for deadly Ariz. rampage

TUCSON, Ariz. (AP) — The man who pleaded guilty to a deadly Arizona shooting rampage that wounded former U.S. Rep. Gabrielle Giffords was sentenced to life in prison Thursday.U.S. District Judge Larry Burns sentenced 24-year-old Jared Lee Loughner for the January 2011 attack that left six people dead and Giffords and others wounded.Loughner pleaded guilty to federal charges under an agreement that...

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China's power transfer: infighting and spectacle

BEIJING (AP) — China's ruling Communist Party opens a congress Thursday to usher in a new group of younger leaders faced with the challenging tasks of righting a flagging economy and meeting public calls for better government.The weeklong congress is the start of a carefully choreographed but still fraught power transfer in which President Hu Jintao and most of the senior leadership will begin to...

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Apple's shares slide 4 percent to five-month low

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Celebrities air post-election feelings online

LOS ANGELES (AP) — Mariah Carey was so excited about President Barack Obama's re-election that she released a new song in his honor. Beyoncé popped up on Instagram with a rebuke for Mitt Romney, while Romney supporter Elisabeth Hasselbeck sent out a disappointed but conciliatory tweet urging a divided United States to become one.Celebrities, who voiced their opinions loudly during the election, continued...

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Experts raise concerns over superhuman workplace

LONDON (AP) — Performance-boosting drugs, powered prostheses and wearable computers are coming to an office near you — but experts warned in a new report Wednesday that too little thought has been given to the implications of a superhuman workplace.Academics from Britain's leading institutions say attention needs to be focused on the consequences of technology which may one day allow — or compel —...

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Boehner, Reid in talks to avert 'fiscal cliff'

WASHINGTON (Reuters) - Fresh off the election, the two top leaders of Congress began tentative discussions on Wednesday aimed at heading off potential economic disaster at year's end, when simultaneous tax increases and spending cuts threaten to throw the United States into a recession. The leader of the Senate's Democratic majority, Harry Reid, said he had conferred Wednesday morning...

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China hauls away activists in congress crackdown

BEIJING (AP) — During her 30-hour train journey to Beijing, Wang Xiulan ducked into bathrooms whenever the conductors checked IDs. Later, as she lay low in the outskirts of the capital, unidentified men caught her in a nighttime raid and hauled her to a police station. She assumed a fake identity to get away, and is now in hiding again.Wang's not a criminal. She's a petitioner.She's among many people...

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