The Commonwealth Bank of Australia announced plans to exit the real estate business. Commonwealth Bank of Australia (CBA) said that they are in the process of seeking an avenue to leave its property management business.
Institutional investors
Michigan Pre-Seed Capital Fund invests $1.5 million in 6 companies
Michigan Pre-Seed Capital Fund has invested a total of $1.5 million to 6 start-ups in Michigan. The Michigan Pre-Seed Capital Fund had given funding to 6 companies in Michigan totaling $1.
UK Asset Resolution sells Northern Rock loan portfolio for $615 million
UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.
iRule receives $100,000 in Series B funding from IncWell
In Series B funding, iRule has received $100,000 in funds from IncWell. IncWell LP, a private venture capital company, had invested $100,000 in iRule in Series B funding.
Analysts' take on Apple's June quarter results: bulls vs. bears
Analysts commented on their take on Apple's June quarter results. Apple revealed its results for the June quarter. Traders were pleased with the report even though the result was mixed.
Latest News
BlueTarp Financial has secured additional $15 million funding from Long Ridge Equity Partners and existing investors.
Billabong has secured a $294 million proprietary loan to boost their working capital. Surfwear and extreme sports clothing maker Billabong International Limited has secured a $294 million proprietary loan to boost their working capital and refinance an existing loan.
Google has 25% share in the internet traffic coming from North America. Data from Deepfield, an analytics firm, indicated that Google took 25% internet traffic in North America.
‘Tiger cub’ Laffont was bullish on content but not Apple. Philippe Laffont, a hedge fund manager at Coatue Management, did not seem too optimistic when asked about his opinion of Apple.
Sonic Automotive's Q2 profits dropped because of debt retirement charges, while its sales increased.
European stocks rebounded with Volvo and EasyJet as top gainers. European stocks have rebounded, with Volvo and EasyJet leading the top gainers. The world's largest truckmaker, Volvo, posted a gain of 3.
Selway Capital Acquisition Corporation said that they have entered a US$5 million loan and security agreement with Partners for Growth III L.P.
Kobie Fuller joins the investment team at Accel Partners as Principal. Internet executive and Harvard University graduate Kobie Fuller has joined Accel Partners as a Principal.
Adobe Systems Incorporated has acquired Neolane for $600 million. Adobe Systems Incorporated has completely acquired Paris-based Neolane for $600 million.
