Canada's Waterloo region posted a substantial rise in venture capital funds, with the creation of Open Text Applications Venture Fund and the Northleaf Venture Catalyst Fund, TheRecord.com reported.
Corporations
Saracen picks up unloved Thunderbox mine in Western Australia for $20M
Perth, Australia-based gold mining and mineral exploration firm Saracen Mineral Holdings acquired Western Australia's unloved Thunderbox gold mine from Russian giant Norilsk in a deal valued at $20 million.
Two Las Vegas casinos will start accepting Bitcoin
The D and the Golden Gate casinos in Las Vegas, Nevada will be accepting Bitcoins to pay for goods and services beginning on Wednesday, January 22, RT reported.
BlackBerry to sell off majority of its real estate holdings in Canada
Smartphone pioneer BlackBerry Ltd announced its intention to divest most of its real estate holdings in Canada through sale-leaseback and vacant asset sales in an effort to turnaround its fortunes.
Investors see better, cheaper payment technology potential in Bitcoin- report
Investors see in Bitcoin the potential to provide a payment technology that could undermine the dominance of Visa Inc, Western Union or Citigroup Inc in the industry, Bloomberg reported.
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Research from Mercom Capital Group showed that venture capital funding for companies in the smart grid technology sector was pegged at $405 million in 2013, a dip from the $434 million in 2012.
Sears Holdings Corp will be halting the operations of its flagship store in Chicago in April in a bid to bring down the number of its outlets and rely more on online retail, Reuters reported.
The users of Twitter in the US are more racially diverse compared to those of other Internet sites and Twitter is capitalizing on its demographics to get revenues, The Wall Street Journal reported.
Internet giant Yahoo acquired Seattle, Washington-based mobile marketing startup Sparq for an undisclosed amount to start monetizing its mobile user base and drive revenue growth.
Indian state-run insurance firm Life Insurance Corp (LIC) sold a 2.001% stake in Pune-based metal forger Bharat forge in a deal valued at INR150.53 crore, reducing its total stake in the company to 5.0205%.
French investors provided Synthelis, a company based in La Tronche, France that specializes in the production and characterization of therapeutic targets and antigens, with initial funding of €610,000.
Former Philippine trade minister Roberto V. Ongpin and his associates have hiked their collective holding in real estate developer Alphaland Corp to 50.57%, diluting British fund Ashmore's interest to 24.41%.
Israel-based firm Aorato secured $10 million for its Series B round participated in by well-known investors as it launches into the cyber security with its pioneering product known as the Directory Services Application Firewall.
The first early stage technology fund in Hawaii. mbloom, was able to obtain $10 million for its first venture capital fund, a public-private partnership between the Hawaii State Development Corporation and Rosemont Seneca Technology Partners.
