Facebook Inc's revenue increase with the upsurge of users and advertisements. Facebook Inc announced a 76% improvement in mobile advertising revenue in their second quarter report, igniting a 20% share rally for the world's largest social network.
Sectors
BlackRock collects GBP250 million for its new vehicle
BlackRock announced that they have raised up to GBP250 million from institutional investors and pension funds for its UK Long Lease Property Fund.
The Evergreen Group buys Backyard Sports from Atari
The Evergreen Group announced that they have acquired the Backyard Sports franchise from the video game company, Atari.
Blackstone, Apollo among the firms interested in Spanish banks' real estate portfolios
Sources said that Blackstone and Apollo are among the private equity firms that are interested in buying Spanish banks' troubled real estate business units.
Shriram Properties to put up INR450 crore fund
Shriram Properties confirmed that it is planning to raise INR450 crore from private equity funds for an expansion project around South Asia.
Latest News
Crescent Communities adds construction and asset management experts Ford and Pierce into the team. Crescent Communities has announced earlier today that Jared Ford and Darren Pierce will be joining the Multifamily Development and Operations team as senior vice-president of construction and director of asset management, respectively.
Tradelab solidifies partnership with brand marketing leader TubeMogul. French trading desk Tradelab announced its strategic partnership with brand marketing company TubeMogul earlier today.
Sigma Labs earned US$1.2 million from a recent private placement offering. Sigma Labs, Inc. announced that it gained US$1. 2 million in a private placement offering of shares of the company's common stock last July 18, 2013.
WCI Communities finalizes IPO pricing at US$15 per share. WCI Communities, Inc. reported the final pricing of the initial public offering of 6,819,091 shares of its common stock at US$15 per share.
E-commerce company Zulily hires banks for possible initial public offering. Flash sales company Zulily hired investment banks as advisors for a possible inital public offering, according to sources with knowledge on the matter.
Automaker Ford continues to improve in net profit for the fifth straight quarter. U. S. automobile company Ford Motor Co. reported a US $1. 23 billion net income for the second quarter of 2013.
Google has introduced a new-generation Nexus 7 and Chromecast to make its presence felt in mobile devices.
Holcim restructures Indian operations in an attempt to cut costs. Sweden-based cement maker Holcim has announced its plan to restructure Indian operations by increasing the company's stake in Ambuja Cements Ltd.
Flashnotes, a Boston-based start-up engaged in the buying and selling of class materials, had just received USD 1.5 million in seed funds.
