According to technology news site Techcrunch, Pure Storage's recent USD150 million funding was a step to dominate the flash storage market.
North America
Countdown starts for U.S. airline merger trial in November
A US judge had granted the request of American Airlines and US Airways for an earlier trial against the US Justice Department that intends to block the two companies' planned USD11 billion deal.
AMC Entertainment seeks USD400M in new IPO
AMC Entertainment announced a new initial public offering as it sought to raise USD400 million. AMC Entertainment Holdings Inc. is the biggest movie theater operator owned by the richest man in China, Wang Jianlin.
AmEx to compete for Foursquare stake
American Express was said to compete for a stake in Foursquare Labs. American Express Co. had been reported to compete for an equity stake in Foursquare Labs.
Demeure raises USD4 million in seed funding
Canada-based Demeure announced receiving USD4 million from its third round of seed funding. Travel marketplace Demeure had raised USD4 million in its third round of seed funding.
Latest News
US District Judge Colleen Kollar-Kotelly said she wanted the trial against American Airlines and US Airways to be held before the US Justice Department's proposed March 3 date.
Lowe's Companies Inc. announced today an acquisition deal had completed for Orchard Supply Hardware stores valued USD205 million in cash and payables.
According to a Bloomberg report, shareholder pressure would most likely influence the incoming CEO of Microsoft to take drastic measures to increase shareholder value and possibly spin off the XBox video game division.
The Royal Bank of Canada promoted Taylor as the bank's first female chairman. The Royal Bank of Canada (RBC) had elected Kathleen Taylor as its first female chairman in 2014.
AT&T would be looking into Vodafone group's remaining assets in the midst of the British mobile carrier's exit from the US wireless business with the buyout from Verizon Communications.
A Reuters report cited Wall Street Journal sources who said that Cumulus Media, a radio broadcasting company set its sight on buying out Dial Global, a content producer, for USD260 million in cash.
A Wall Street Journal report said General Electric Co will divest its US-based consumer lending business of GE Capital to focus on its core industrial operations.
Hedging against possible long term structural changes with Blackberry, Morgan Stanley has put on hold the purchase of new devices from the Canadian company amidst the turmoil the smartphone company is now facing.
AIG has sought to divest its ownership of ILFC through a sale or if there is none agreed on, through an IPO.
