Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing competition in internet radio space.
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An Analyst Argued that Stock Market Volatility Does Not Disturb Middle Class American
Although stock market instability still affects the market worldwide, but an International economist argued that it is far from upsetting American middle class. However, market volatility continued as indexes fell for five consecutive days.
Uber agrees to pay $28.5 million in class action settlement
Uber Technologies said that it has decided to pay $28.5 million to about 25 million riders. The settlement in these cases will allow the company to work peacefully and focus on its prospective growth.
Walgreens shoots a warning to Theranos to resolve lab issues
Walgreens has threatened to pull out of partnership with Theranos following the notice the latter received from the federal authorities regarding deficient medical practices. The drug retailer has given a 30-day ultimatum to its partner to clear their name, or their association gets terminated.
GPS Technology Specialist Garmin Acquires DeLorme
GPS technology company Garmin announced its acquisition of DeLorme on Thursday. DeLorme is well-known for its maps and satellite communication devices, and after the acquisition, it will serve as R&D center for Garmin.
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The London property market is witnessing soaring buying activity for rental apartments ahead of new tax on home coming into effect from April 2016. The latest rush for buying is also pushing prices up.
Bernie Sanders has cashed in on his small-dollar contributors and raised almost $5.1 million in a sudden, instant fundraiser on his victory night. Without a super-PAC to cushion his campaigns, he has always managed to keep pace with competition like Hilary Clinton, who's dependent on high-dollar contribution to fill her kitty. Sanders already knows exactly what he wants to do with the influx of cash.
The present government of Canada is experiencing a series of scarcity in the budget, which could reach $90 billion over the mandate period of four years. The struggling Liberal government needs to insert a minimum of C$50 billion into Canada's fading economy to assist the nation to sustain the fall in oil prices.
Caterpillar has connected with its long-term partner, Rimco, to become the official dealer of CAT equipment to Cuba. Following loosening of some trade laws by Obama administration, Caterpillar has jumped into the scene instantly and is all poised to enter the Cuban market the moment the restrictions are off. The earth movers have been lobbying for lifting the Cuban trade embargo for a long time now.
The weakening Rupee against the US dollar and downfall on financial markets are not exceptional. The Indian currency is doing well as it's strengthening against other global currencies. Indian markets tumbled on Thursday as key indices Sensex and Nifty fell over three percent led by banking stocks.
Two prominent investors in Lyft Inc sold some shares to Saudi Arabia's Prince Al-Waleed bin Talal for $148 million. The latest deal puts Lyft's valuation at $5.5 billion from $275 million in May 2013.
Smart gardening startup Edyn announced today that it raises a $2 million seed round. The investment, led by Fenox Venture Capital, followed by other firm such as Ideabulb Ventures and also some angel investors
Leigh Steinberg, the legend in sport agent, teamed up with Alpha Strategies for investment in tech startups. Steinberg has raised $50 million for investment fund.
Three out of five Aussies considers emoji as the universal language for messaging. OPPO Mobile Australia has released Aussie Emoji Keyboard reflecting the spirit of Aussie culture. Primarily the keyboard features more than 40 Australian themed emojis and available only for the Android users for free in the Google Play Store.
