The project of social networking giant, Facebook for every phone, was expected to give a huge boost to the company after gaining 100 million users each month.
Sectors
Mediterranean Investments Holding Plc to sell stakes to fund Libyan project
Mediterranean Investments Holding Plc announced that it is considering a London IPO to raise EUR100 million.
Infobionics raises US$2.5 million from investors including TCA
A recent survey revealed that Infobionics had raised around US$2.5 million in capital from investors that included Tech Coast Angels.
William Sonneborn has resigned from his posts at KKR
KKR announced that equity investment and corporate credit head William Sonneborn has resigned and will be succeeded by Craig Farr.
OFS Energy Fund investment in KW International bears fruit
KW International announced that it has opened a new 140,000 sq ft production facility in Columbus, Texas improving its manufacturing capabilities.
Latest News
Weyerhaeuser Company announced that the company has completed the acquisition requirements for Longview Timber LLC.
Award-winning actress, fashion designer and singer Amanda Bynes was hospitalized after meeting the criteria for 5150 psychiatric hold.
Hall revealed that it had sealed its funding round, collecting around US$5.5 million from capital venture funds.
AMRC revealed to the public the pricing of their previously announced IPO. American Realty Capital Properties, Inc. announced the pricing of their underwritten public offering for US$300 million Convertible Senior Notes which are due 2018.
SEB Venture Capital stated that it had invested in Donya Labs AB. SEB Venture Capital revealed that it had invested in Donya Labs AB, an international player in the optimization of 3D graphics for video games.
Former IBM Managing Director Michael Dobak has been elevated to CEO by Ogilvy & Mather. Ogilvy & Mather (O&M), one the leading marketing communications companies in the globe, announced 44-year-old Michael Dobak as CEO of California-based Ogilvy & Mather West.
Flagstar Bancorp Inc gains USD 44 million in second quarter 2013 Flagstar Bancorp, Inc. , Flagstar Bank's holding company, announced its second quarter net income for 2013 of USD 65.
LiveMinutes announced that it had received up to US$1.4 million from investors that include Great Oaks Venture Capital, New World Ventures, Ali Rosenthal, and Sam Yagan.
Wheelock Street Capital announced that they have acquired a six hotel portfolio located in Ohio and in Texas, Tennessee from Lingate Hospitality Group.
