Spondo raises Aus$1 million for capital expenditures. Spondo Global CEO & Director Chris Adam undertook a series of fundraisers in Melbourne before proceeding to the United States for the first part of a two-month fundraising itinerary.

Vidyo raises another US$17.1 million in investments. In an announcement today, Vidyo, Inc disclosed that it was able to secure an additional US$17. 1 million in financing.

The increase in the required pension fees for CalPERS is a good move according to Moody's Investor Services.

Elan rejects takeover bid of Royalty Pharma, saying it grossly undervalued the firm. The board of directors of Elan, the Irish pharmaceutical company has unanimously rejected the formal bid from Royalty Pharma.

ABB is acquiring Power-One amidst the growing solar power industry. ABB Ltd has entered into an agreement with Power-One Inc for the latter's acquisition for a sum price of US$1 billion.

Silver Lake's bid for Dell would push through amidst the financial and legal consequences written into the offer.

Fagor was identified as the pressure cooker that was used in housing the Boston Marathon bombs. Another effect of the Boston Bombing episode is not just the death of three people and over 170 injured was felt halfway around the world.

Time Warner and CBS's complementary strengths would make a merger most viable. Time Warner Inc and CBS Corp have flirted about a merger for many years and now may be a good time for it to happen.

Ameriprise is set to bid for Scottish Widows. American financial service provider Ameriprise Financial is preparing a GBP800 million or US$1. 22 billion bid for Scottish Widows, the asset management arm of Lloyd's Banking Group.

As one of the most productive cities in the world, the one week terror lockdown has both economic and emotional scars on the proud city.