Data analysis company Palantir Technologies Inc acquired Kimono Labs to increase its data collection capacity. Following the acquisition, Kimono Labs will shut its service on February 29, 2016.
Archives
27th Large Diamond Mined in Angola Weighing 404 Carats, Worth $20 Million, Increasing The Company Share
The 27th largest diamond in the world was just discovered in Angola. The spectacular diamond has been estimated to worth $20 million Australia or $14.3 million USD. The diamond was found under an Australian company in partnership with some Angola's companies.
Wikimedia Foundation Received $250,000 Grant to Develop Its Own Search Engine
The Wikimedia Foundation received a $250,000 grant to support its early stages of search engine project, The Knowledge Engine. The project will develop a search engine that goes across Wikipedia and other Wikimedia’s services, allowing users to obtain relevant information more easily.
Appaloosa Founder Tepper taps Energy Transfer Partners and Kinder Morgan
David Tepper, the pioneer in distressed debt, buys millions of shares in Energy Transfer Partners and Kinder Morgan in the face of plaguing oil slump and toxic energy market. He has tapped these pipeline companies after strengthening his US equity holdings by 56% last quarter.
Foreign investors take US small biz route
The market volatility, rising dollar and sluggish global economy are forcing foreign investors towards the US small business credit market for growth opportunities. Foreign investors generally prefer to invest in US treasury bonds. But the prevailing global conditions are propelling them to park their funds in small business credit market.
Latest News
PROFEPA has fined Volkswagen México with $8.9 million for lacking two NOM environment compliance certificates. The 45,494 imported vehicles under penalty include Volkswagen's 2016 model vehicles. However, the fine is separate from the ongoing probe on defeat device installation on diesel powered vehicles.
Iran has started to export its crude oil to Europe after a landmark nuclear deal was achieved. The sanctions lifting becomes a new chapter for Iran to rebuild its oil industry, and increase the production per day.
A former Managing Director of CVC Capital Partners (US) Inc has moved court against the private equity (PE) firm over gender-discrimination. Lisa Lee, who complained against the company, has alleged that the firm was favoring male employees in more of unfair way.She criticized the company's measures in promoting less qualified male co-workers over her.
Apple is sponsoring one of fashion’s biggest and most prestigious event, the Met Gala. This year’s exhibition will feature works that highlight the dynamics of human craftsmanship and technology in creating high-end fashion. Apple will also be involved in the exhibition’s music department using its Apple Music.
The Philippines' largest company, San Miguel Corporation will sell bond to small investors. The company is aiming to cut dollar-denominated debt and protect its earnings.
Apple Music has gained another million subscribers, following its previous 10 million members. It means that Apple is chasing to compete tightly with its competitor, Spotify.
Thai economy has reportedly grown 2.8% in 2015 while expected to grow by 2.8%-3.8% during 2016. The military ruler is about to loss support from the middle class segments due to sluggish economic growth. However, the growth in foreign investment portfolio brings some hope for the military ruler to boost up the economy.
Auction For Marcos’ Jewelry Collection Appears To Be An Electoral Propaganda By Philippine President
The Philippine government has assigned the PCGG to recover ill-gotten wealth of former dictator President Marcos. The commission has announced on Friday exhibition and auction of a jewelry collection allegedly owned by Marcos and family. PCGG has revealed that the collection to be offered for auction has been appraised for at least ₱1 billion ($21 Million).
The authorities of Australia have snatched liquid methamphetamine worth over A$1 billion from a cargo of art supplies and silicon bras. The government under Malcolm Turnbull is working hard to eradicate this serious issue from the Australian soil and rescue the drug victims from being depleted.
