The Silicon Valley startup would use the funding to employ new engineers for its latest wearable and programmable computing device.
Sectors
Gold Fields Ltd buys Barrick Gold's Australian assets
Johannesburg-based mining firm Gold Fields Ltd said it had signed an acquisition agreement with Barrick Gold to buy the latter's assets in Australia.
Bank of Sharjah refinances with USD 200 million loan
The Bank of Sharjah said it had signed a loan refinancing facility worth USD 200 million with five lenders.
UBS raises Apple projections, price target to USD560
Analysts of UBS boosted their sales projections for Apple and increased their price target to USD560 per share.
Facebook-headed project aims at providing affordable internet access for all
Facebook CEO Mark Zuckerberg would lead a project focused on making web access affordable for the 5 billion individuals worldwide who are not online yet.
Latest News
HP shuffled its key executives as CEO Meg Whitman hoped to post a revenue growth in 2014. On Wednesday, Hewlett-Packard Co rearranged its executives, reappointing a star official to a new role that would identify possible acquisitions.
Hewlett-Packard said it generated USD1.39 billion or 71 US cents from every share during the third quarter, 8% short with total revenue of USD27.2 billion.
There were 120,000 applications available in the BlackBerry World and 47,000 of the apps offered for download were made by a single developer.
Industry Minister James Moore stated the Canadian government has been carefully watching BlackBerry as the smartphone maker weighs its options.
Analysts said the money-losing hardware unit of BlackBerry would force breakup leaving patents, software and security system as its only viable assets.
Jesta Digital LLC would refund its clients and pay USD1.2 million to the Federal Trade Commission over claims that Jesta included unwarranted fees to consumers' cellphone bills.
China Resources submitted an offer to buy ParknShop, the Hong Kong supermarket chain. China Resouces placed its own bid to acquire ParknShop, said the group's Chief Financial Officer Frank Lai.
China's ZTE Corp flagged its third quarter earnings for the July to September period at the Hong Kong Stock Exchange.
BioReference Laboratories made known its definitive agreement for the acquisition of BioSystems CLIA,
