Dangerous business: Libya, UAE, Indonesia and more sell wares at military tech event By Allison Barrie War Games Military supply companies from Russia, China, UAE, Indonesia, Korea, and Libya showed off tanks, missiles and other weapons in Paris at Eurosatory 2012, the largest international military technology show focused on land warfare. At the event, 53 countries were represented by more than 1,400 exhibitors for the 55,000 visitors, the United States leading with 158 companies. But a surprising trend was evident: This year, the number of companies from non-Western countries that showed off new weaponry boomed -- especially Russia and China. Indeed, three new countries were on display at the Eurosatory 2012 show from June 10 to 15: Pakistan, Cyprus and Libya all had companies with booths showing guns, vehicles and more. There were thirty-four national pavilions with Indonesia, South Korea, Pakistan, Turkey and UAE presenting national pavilions for the first time and reportedly mo...
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Facebook's Overnight Millionaires Begin Lavish Spending Spree
Facebook’s $104 billion initial public offering on Friday transformed thousands of young people into instant millionaires – as well as a few billionaires – and already the booming luxury market in Silicon Valley is experiencing an upswing. Multi-million dollar mansions and $100,000 Porsches are flying off local shelves in the Palo Alto, Santa Clara and Menlo Park areas of California. And the charge of luxury living is being led by a group of young entrepreneurs and techies as well as investors and venture capitalists that have scored famously from Facebook’s Nasdaq debut. Facebook ( FB : 38.23, +0.23, +0.61% ) began trading on the stock exchange Friday morning in a $104 billion IPO that marked the second-biggest in history behind Visa ( V : 112.64, -2.37, -2.06% ) and ahead of General Motors ( GM : 21.18, -0.43, -1.99% ). When CEO Mark Zuckerberg rang the opening bell, he and few close colleagues became instant billionaires, while thousands of lower-level ...