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Top 4 Business Stories of the Day

If you ask the average American citizen to cite organizations that embody innovation and remarkable customer experiences, Apple, Google and Amazon are far more likely to be named than the U.S. government. That doesn't sit well with Aneesh Chopra, the nation’s first chief technology officer, who served from 2009 to 2012. When Chopra delivered the keynote address at SAP’s Future of Government event in Washington, D.C., last week, he encouraged his former public sector colleagues to derive lessons from the private sector as they support President Obama’s mission to “out-innovate every country on Earth.” At Tufts University recently, students demonstrated against the school’s ownership of fossil-fuel company stocks. They claimed that holding oil, natural gas, and coal shares runs counter to the university’s values and blamed the continued investment on fear. In the protestors’ words, the school administrators “are afraid to challenge one of the largest, most powerful industries in the history of the world.” Nine colleges and universities, as well as several cities and institutions, have committed to divest their fossil-fuel company stocks to take a stand against the alleged human impacts on global climate. According to a company plan seen by Reuters,refineries owned by Mexico's state-run oil company Pemex will boost crude processing volumes to their highest rate in five years in 2014, with maintenance work peaking in late autumn. According to a Reuters analysis based on a scheduled turnaround plan for this year,the company's six domestic plants are expected to process an average of 1.248 million barrels per day this year, or 79.2 percent of their combined capacity. With the news that Facebook has been talking to financial services startups in the UK about launching e-money services, one of the companies that powers payments for those startups has raised a round of funding. The Currency Cloud, which provides an API that end user-facing companies use for cross-currency transfers, has raised a $10 million Series B round of funding from existing investors Atlas Venture, Anthemis Group, Notion Capital and XAnge Private Equity. Mike Laven, the CEO of Currency Cloud, says that the funding will be used to expand the London-based, European-heavy business internationally, and specifically into the the U.S.

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