Industry

Elevate Credit, VC-backed Online Lender, Postpones Its IPO

The subprime online lender company Elevate Credit delays its IPO scheduled on Thursday. Teetering market has been the main reason of the postponement and high risk of online subprime lending service.


Texas-based Waldo Photo Closes $5 Million Seed Funding

Austin-based tech company, Waldo Photos closes its $5 million seed funding on Thursday. The seed funding round was led by California's venture capital firm Upfront Ventures.

Biotech Startup Companies Are To Brace For Harsher Investment Climate

Biotech companies in last 5 years were enjoying easy access to capital. That scenario started to change after stocks started to slide in July 2015 and have not stopped with Nasdaq Biotechnology Index reading 2933 Wednesday which is the lowest level since November 2014. This means biotech startups would be expected to brace for harsher investment climate although experts are assuring that market fundaments are still strong.

Opium Seasoning Used In Chinese Restaurants : 5 Prosecuted - 30 Under Probe

The latest food scandal emanating from China revolves on the usage of poppy powder is a banned item by the Food and Drug Administration of China. Five restaurants have been prosecuted and another 30 more are under probe for using ingredients like morphine and heroine in restaurant food. This latest scandal is one in the many high-profile food scandals that has been hitting China in the recent years.


Latest News

Windows and Dropbox, bonded with a partnership, have announced updating of Dropbox through integrating with Windows 10. The Windows 10 compatible app offers some new extraordinary features. But mobile compatibility of the app is widely desired since it will allow to open synced files from the account storage cloud at any moment.
Schlumberger Ltd, on Thursday, reported a net loss of $1 billion for the fourth quarter and also said that it has axed 10,000 additional employees, as an effort to adjust its resource and cost base.
Capital outflows from developing markets were higher than it was anticipated last year, according to a report by Institute of International Finance. The reason behind this oceanic change in emerging markets cash flow is China, which dragged out 676 billion US dollar.
In an Oracle court proceedings against Google, it was revealed that the search engine company could be paying Apple at least $1 billion in revenue-shares. The payment was made to keep Google's search bar on Apple devices. A source named the sharing percentage for Apple to be 34 percent, but it's yet to be officially confirmed nor denied.
Dish is accused of making more than 55 million telemarketing calls and telemarketing robocalls to landlines and mobile number based on a complaint receive by the Department of Justice dated as far as 2008.
The 10-time world champion Oscar De La Hoya teamed up with FilmOn TV Networks to two boxing channels called The Ring and Golden Boy Channel. This is a treat for the Golden Boy’s fans who are looking to relive his glory days on their TV screens.
The “Real Deal” value offer is launched as a response to the so-called price war joined by other fast food restaurants, including McDonald’s, Wendy’s, Burger King, and others. Carl’s Jr. and Hardee’s Real Deal differs in menu set items as the parent company aims to give a real value option to customers.
Vietnam warned China against drilling an oil rig in borderline waters in the South China Sea. Vietnam's anxiety over the rig develops subsequent to a recent flight testing carried out by China on a fake island in Spratly archipelago.
Costco is one among the best places to buy every single men's underwear and accessories including belts, socks and undershirts. Men's Outdoor Trail Sock that carries the Kirkland Signature is one among the best quality in men's sockdom and a four-pack of the trail socks costs just $12.
The survey revealed that one of the top concerns defining most U.S companies' tough times doing business in China is uncertain regulations that they perceived as unwelcoming to foreign companies. The slowing of China's economic growth also remains a concern, along with rising labor costs, censorship, and air pollution. However, China is still most foreign countries' investment priority among other markets.