Hibu Plc surrenders control of the company in exchange for a GBP 800 million debt writedown. Hibu Plc agreed to a debt writedown valued at GBP 800 million (US$1.
Investors
SolidFire raises US $31 mln in series C funding; unveils newest storage solution
SolidFire raked in US $31 million in series C funding led by existing investor Samsung Ventures. It also launched its newest storage solution , claimed to be the fastest in the market.
Investment bank ups net profit for Credit Suisse
Credit Suisse's investment bank improved group profit but investors remain concerned about the Swiss bank's future.
Chromecast sold out hours after announcement
Chromecast quickly sold out in a matter of hours after its announcement. Quickly after Google announced its new product, Chromecast, the company received a large volume of orders.
Dubai’s biggest developer seeks review of loan terms after positive S&P rating
Emaar Properties, Dubai's biggest developer, requests for an adjustment of their loan terms following the S&P's positive evaluation.
Latest News
Crossroads Systems Inc. gets US $10 million credit from Fortress Investment Group. An affiliate of Fortress Investment Group agreed to extend a US$10 million credit to Crossroads Systems Inc.
U.S. automaker General Motors kept up profit gain with aggressive cost-cutting strategy. General Motors Co reported on Thursday that its second quarter revenue reached US$39.
Facebook traded above USD 30 on Thursday for the first time in five months. For the first time in five months, Marc Zuckerberg's brainchild, Facebook Inc.
Kinderhook Industries announced its acquisition of Comprehensive Clinical Development but no financial details were disclosed.
It seemed that Google has a two-pronged strategy in mind involving the Chromecast and Google TV. Through the release of Chromecast, it seemed that Google may have finally found a "surefire way to get the Internet on your TV".
SolidFire received backing from Samsung. SolidFire received a US$31 million funding from Korean tech giant Samsung Electronics today. The placement was made through the company's investment arm, Samsung Venture Investment Corporation.
MetrixLab subsidiary MarketTools has acquired RawData. MetrixLab subsidiary MarketTools has bought RawData. MetrixLab provides online consumer research services to clients around the world while RawData is engaged in mobile research solutions.
Hundreds of millions of dollars were stolen from Nasdaq and other companies by computer hackers based in Russia and Ukraine.
Ulmer & Berne LLP has hired Patrick G. King as partner. Ulmer & Berne LLP has hired Patrick G. King, as a partner who will be based in the Chicago office.
