Burlingame, California-based car buying service CarWoo! posted an announcement on its website saying the company will be shutting down, with some of its employees heading to rival TrueCar.
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Japan's Ricoh agrees to purchase American IT firm mindSHIFT from Best Buy
Tokyo, Japan-based multinational imaging and electronics company Ricoh has entered an agreement to acquire Massachusetts, US-based IT services provider mindSHIFT Technologies Inc from Best Buy Co Inc for an undisclosed amount.
Africa's biggest retirement fund administrator exits stake in Swiss unit of Lane Clark & Peacock ahead of IPO
Johannesburg, South Africa-based independent retirement fund administrator Alexander Forbes Ltd sold its 60% holding in Lane Clark & Peacock's Swiss unit for an undisclosed sum last year, ahead of a 2014 initial public offering (IPO).
New research showcases benefits of crowdfunding for entrepreneurs
New research from Capital Crowdfund Advisors showed that entrepreneurs who crowdfunded did very well, getting an increase in sales, among others, Forbes Contributor Cheryl Conner reported.
Editor Tony Gallagher leaves UK media Telegraph
Tony Gallagher, the editor of UK-based newspaper Daily Telegraph, stepped down from his position amid a restructuring program as the company prepares to shift its focus to digital publishing.
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San Francisco, US-based mail startup Outbox is shutting down its mail digitizing service because of low count of paying customers signing up for it, and will instead focus on a new yet-undisclosed product.
Ontario Premier Kathleen Wynne has unveiled a new public-private venture capital fund known as Northleaf Venture Catalyst Fund for the province's tech sector, CBCNews reported.
Bangalore, India-based rural education services provider Hippocampus Learning Centres (HLC) raised $600,000 (INR3.5 crore) from existing institutional investors to expand its network in the next financial year.
While venture capital funding for healthcare influenced by information technology or HIT is more pronounced in the US, venture capitalists are also showing interest in the niche in India, The Hindu Business Line reported.
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.
Shape Security, a Mountain View, California-based secretive cybersecurity startup founded by former Pentagon employees, wants to slow down hackers using software that scrambles website codes.
Amazon is thinking of launching an online pay-TV service and has already approached various media companies about obtaining a license to distribute their TV channels, according to a report in The Wall Street Journal citing sources.
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.
