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Marc Andreessen sold $160 million worth of his Facebook Shares
Respected investor and web-browser pioneer, Marc Andreessen who is also the owner of a joint venture firm, Andreessen Horowitz had sold nearly 75 percent of his stake in Facebook ahead of the holiday season. According to the regulatory filings, the total shares sold by Andreessen is about $160 million.
Alibaba Group may acquire SCMP group
Chinese e-commerce major Alibaba Group is planning to make yet another investment plan for the media segment. The Chinese media reports reveal that Alibaba may acquire SCMP Group, which runs China Daily.
Russian GDP shrinks 4.1% in Q3; fall rate eases
The Russian economy slipped 4.1 percent during the third quarter as against the drop of 4.6 percent in the second quarter. The consecutive third quarter of contraction signals recessionary situation in the Russian economy.
Charles Smith’s Urban Winery launches in Seattle
Charles Smith has touched down the ground in Georgetown with the opening of Charles Smith Wines Jet City. The new Urban Winery is now considered as the largest urban winery on the west coast.




