Columbia Capital closed its sixth fund on Tuesday. The firm will target internet infrastructure, mobile technology and cloud service.
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Carl Icahn Slashed Shares, While Tiger Global Acquire $10.6 Million Shares in Apple
Carl Icahn reduced his shares in Apple by $7 million, along with other big hedge funds. Meanwhile, Tiger Global Management acquire more shares in the Cupertino-based company.
Essendant to buy contract business from Staples and Office Depot
Essendant signed a deal to purchase office supply contract business from Staples and Office Depot. The acquisition assets worth over $550 million will enable Essendant to compete nationally.
China Military: Recent Technology Modernization Is Closing Tech Gap Between China and the US
Recent statements and reports acknowledged that China is closing its technology gap with the United States, especially in air forces. Chinese governments have been using resources to support modernization on the military. However, the pilots' ability between the two countries is still facing a huge gap due to experience and training program.
Joi Scientific Claims For Producing Hydrogen From Water, Raises $5.5 Million Series A Round Fund
Joi Scientific has claimed for discovering technology to produce hydrogen from water on Tuesday. At the same time, the research firm discloses for raising $5.5 million fund for its Series A round. If Joi’s claims come true, the research firm will be able to redraw the global energy map.
Latest News
A team of scientists from the University of Southampton's Optoelectronics Research Center (ORC) developed a technology that could store documents and information of the human history for billion of years. The data could survive extreme conditions and when retrieved the data could show five-dimensional information.
GE Oil & Gas CEO Lorenzo Simonelli's visit to Iran has started speculations regarding the American company seeking opportunities in the rapidly improving Iranian oil and gas sector. Simonelli is among the first few Americans to step into this country after its international sanctions over nuclear programs were finally lifted. Iran is now focused on sweetening the oil development contracts to attract foreign investors.
Airbus Group wins the contract for the Philippine Airlines' new aircraft order worth $1.8 billion. The Southeast Asian carrier is looking forward to carry passengers to New York and U.S. West coast.
The global PC shipments are shrinking significantly with ever growing popularity of smart phones and tablets. Amid volatile market situation, Vaio, Toshiba and Fujitsu have been rumored to reach in a consensus for developing a PC manufacturing firm. However, it will be difficult for the joint ventured entity to spread dominance outside Japan.
The UK's headline rate of inflation reached to 12-month high. However, it remained below the two percent target of Bank of England for two years. The consumer prices index rose following the price rise in oil, clothing and food products. Economists and consumers are looking to UK's central bank whether it'll raise interest rate or not.
Ratan Tata has invested in a new tech start-up business, Snapbizz. This is Tata's eighth e-commerce business this year after DogSpot.in, Tracxn, CashKaro, FirstCry, Teabox, Moglix and Invictus Technology.
Anglo American Plc suffered a pre-tax loss of $5.5 billion (£3.8bln) for 2015 year. The 2015 loss was more than twice the loss incurred in 2014. As part of its future strategy, Anglo American is planning to shift its focus to copper, platinum and diamonds.
Line Corporation, owning entity of MixRadio has studied that 65% of its app users are from Far Eastern Countries. To uphold the company priorities for going regional, Line has decided to shutter MixRadio. Meanwhile, its Music streaming app will be restricted for the users of Japan and Thailand only.
Volkswagen is facing a drop in its sales due to the emission scandal on its engines. The Germany automaker has to conduct recalls to repair the troubled cars. This scandal also has opened chances for its rivals to grab its markets.
