IBM is going to further enhance its cloud services platform with a $1 billion investment until next year to lure more clients to SoftLayer Technologies Inc in its efforts to improve sales that have declined for the past seven quarters, Bloomberg reported.
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Deloitte report shows small European firms successfully dealing with bank cuts through financing from alternative lenders
Alternative lenders are filling in the shoes of commercial banks in Europe that have reduced lending, allowing small firms to still raise funds, Bloomberg reported.
US filmmaker Freddie Wong breaks Indiegogo's record for web series with highest crowdfunding contributions
Seattle, Washington-based filmmaker Freddie Wong broke Indiegogo's record for web series crowdfunding when he gathered $900,907 in total contributions on Saturday night for his Internet-based show Video Game High School (VGHS).
Easy reading app of Boston firm Spritz to debut on Samsung Galaxy S5 and Gear 2
Boston, US-based app maker Spritz said it will launch its app that will make reading easier on small devices on the soon-to-come smartphone Galaxy S5 and smartwatch Gear 2 of South Korean electronics giant Samsung.
Mt. Gox CEO resigns from the board of Bitcoin Foundation
Mt. Gox Chief Executive Officer Mark Karpelès has resigned as a board member from the Bitcoin Foundation, according to a source interviewed by The WSJ and confirmed by the foundation with a statement on its website.
Latest News
Russia displayed an impressive technological show during the closing event of the XXII Olympic Winter Games in Sochi using the theme Reflections of Russia, which ended with a giant bear putting out the Olympic flame.
San Mateo, US-based open platform as a service Cloud Foundry is about to become more popular by launching the Cloud Foundry Foundation, which will help servers deploy software apps of developers under an open-source Apache license.
Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.
Illinois, US-based agricultural giant Archer Daniels Midland (ADM) invested $25 million in equity in Menlo Park, California-based renewable chemicals firm Rennovia as its latest venture into renewable plastics.
West Perth, Australia-based public exploration and mining firm Golden Rim Resources raised $491,000 in placement to continue developing its Balogo project in Burkina Faso, Africa while the firm is still trying to determine other funding options.
Sony's wearable technology called the SmartBand SWR10 which was first introduced at the CES last month will finally be available in 60 markets in March, TechCrunch reported.
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.
New York City, US-based music publisher Reservoir Media Management picked up the music catalogue of Ireland-based First State Media Group for an undisclosed amount to increase its list to 75,000 songs.
The merger between Silverado Power and Sustainable Power Group or sPower, an independent power producer majority owned by private investment firm Fir Tree Partners, has finally been completed, with the newly-created firm to be called sPower.
