Nearly half of the capital have been poured into Super Pacs' wallet beating the presidential and congressional races. The biggest contributors of 2016 have poured nearly $195 million in order to inspire the presidential poll.
Archives
AccelFoods to accelerate the growth of six startups through $20 million
AccelFoods promises financial and operative backing for six next-generation food and beverage startup companies, from their pre-seed through Series B stages. The investor has raised a fund of $20 million for this purpose, in line with its tradition of supporting the unique and innovative products in the market.
Online Publishing: Wired Magazine Will Offer Ad-Free Experience for $3.99 per Month
The offer is part of the company's strategy to gain income amid the increasing use of ad-blocking softwares. Websites had been losing significant advertisement revenues and develop other alternatives to bring ad-free experience while keeping the business going. The offer will start next week for $3.99 per month or $1 weekly.
Transportation: The FAA Warned Airlines that Lithium-Ion Batteries Could Cause Fire and Explosion in Airplanes
The FAA issued an official warning to airlines that lithium-ion batteries powering most mobile devices including smartphones are dangerous to be brought and transported in the aircraft’s cargo. The warning was stated following a series of study involving previous incidents involving lithium ion batteries overheating.
Intelligent Energy Teams Up With Smartphone Maker to Develop Hydrogen Fuel Cell Technology That Could Expand Battery Life to a Week
The British company formed a partnership worth $7.6 million to develop hydrogen fuel cell technology for smartphones. The technology would create a need to modify the hardware of the smartphone to manage the chemical reaction waste. Intelligent Energy stated that if all goes well, the new technology could hit the market in two years.
Latest News
Facebook deleted medical marijuana hopepages on Tuesday, without any prior warning. People that relied on the site for updates on the cannibis for medicinal purposes are said to have been greatly affected by the social media giant's initiative.
Adobe rebranded its animation tool Flash Professional as Animate CC. The name-change reflects the shifts in the tool's concept and focus. Animate CC still supports the older formats but is expanded to enable users to save and share their content in newer other formats, including 4+K video and SVG. Animate CC will also support CreativeSync, enabling users to directly share their works with other Adobe users.
Parker Conrad, co-founder and CEO of Zenefits steps down from his post as the company is under lots of pressure to meet its revenue projection. Besides that, the company also is under investigation for breaking few insurance regulations in at least seven different states.
Ford is reportedly intending to start a new plant in Mexico with an aim to boost its production capacity of US plants. This move by the company reflects its rival General Motors' investment plan of $5 billion to multiply the production capacity in Mexico within 2018.
Last Monday, Majid Al Futtaim announced its plans of building two shopping malls worth $3.7 billion in the oil kingdom. In the face prolonged state of oil price slump, these plans are expected to not only generate employment but boost the sluggish economy as well. The two projects will enter their first phase of construction this year with completion dates ranging between 2017 and 2018.
Two of the many energy related shares in Carl Icahn portfolio's plunged on Monday trade causing the activist investors a paper loss of $90 million. The two companies are Chesapeake Energy Corp. and Transocean Ltd.
Xignite said that it has raised 20.5 million US dollar in Series C Funding. The company will utilize the capital from the fund to gauge its marketing and sales efforts as well as to widen its product portfolio.
Samsung is probably going to unveil Galaxy S7 and S7 Edge as its new flagship smart phones in the WMC to be held within February 22 to 25. Introduction of Galaxy S6 variants hasn’t become much fruitful for Samsung. But the new S7 variants are widely assumed to bring fortune for Samsung since incorporation of mass desired features.
Reeling under pressure, the hedge fund segment is facing talent crunch to render its services more qualitatively. Considering the need of the hour, billionaire Steve Cohen-owned hedge fund Point72 Asset Management is investing in grooming the talent pool. It's offering two programs to train young graduates.
