VISA

UPDATE 1-Visa to buy online processor CyberSource :

Visa to pay $2 billion for e-commerce company
NEW YORK, April 21 (Reuters) - Visa Inc (V.N) said on Wednesday that it has agreed to buy CyberSource Corp (CYBS.O), a technology company that processes online payments, in a bid to increase its e-commerce business.

Visa, the world's largest credit and debit card processor, will pay $26 a share, or about $2 billion, for CyberSource.

The deal, which is expected to close in Visa's fiscal fourth quarter, will dilute its earnings for that quarter by about 4 cents to 5 cents a share.

CyberSource currently helps process about 25 percent of all online commerce transactions in the United States. Visa said the deal would accelerate the growth of all online payments, including those made using Visa credit, debit and prepaid cards.

CyberSource's president and chief executive, Michael Walsh, is expected to remain with Visa and continue to oversee his company's operations after the deal closes.

One dead, 200 left on the street after seven alarm Chinatown inferno :

Firefighters found a body on the top floor of one of four Chinatown buildings on Monday night hours after they were gutted by a raging seven-alarm blaze, officials said.
The victim, an elderly man, wasn't immediately identified but is believed to be 87-year-old Sing Ho, who lived on the sixth floor.

Sources said firefighters entered an apartment at 285 Grand St., where He lived, and found the body on a bed.

The blaze started late Sunday in the next-door building at 283 Grand, which records show had racked up numerous violations in the past.

Ho's daughter Nina was too distraught to talk Monday night, but her daughter Kitty, 30, said, "We're so worried."

Family friend Vincent Poon, 26, said Nina was on the phone with her father as the fire raged around him.

"He said that there was a lot of smoke and he couldn't see," Poon said. "A couple of moments later, the line was disconnected. After that she went to the hospital, fire, cops and still had no info."

The blaze was under control by 2:20 a.m. Monday, but pockets of flame erupted throughout the day, officials said.

Four buildings went up, leaving more than 200 people homeless and 30 firefighters injured