Those-in-the-know are now saying that the eagerly anticipated iPad "Mini" will be released on Nov. 2.
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Venture Capitalist Peter Thiel May Invest $150 Million in E-Commerce Accommodation Company AirBnb
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
Mitt Romney to Fire Fed Chairman Ben Bernanke if Elected President?
Republican presidential candidate Mitt Romney has gone on record as saying he is opposed to Federal Reserve Chairman Ben Bernanke's economic stimulus plans as "ineffective and inflammatory," and has vowed to appoint a new Fed Chair, if he is elected, The New York Times reported today.
U.S. Private Equity Investor FLAG Capital to Expand Asian Footprint with Squadron Capital Acquisition
The U.S. private equity investor FLAG Capital Management announced today that it will acquire Hong Kong-based Squadron Capital, which manages $1.5 million in assets, PRNewswire reported. Its acquisition of the private equity firm will give FLAG a presence in Asia, increasing its total assets under management to $6 billion.
Solar Panel Manufacturer Solyndra Gets Go-Ahead for Bankruptcy Plan, Government May Appeal
Despite objections by the government, Solyndra, the California-based solar panel manufacturer that went bust in August 2011 after receiving $528 million in federal loan guarantees, received approval Monday to go ahead with its bankruptcy plan, Reuters reported.
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The nationwide meningitis outbreak linked to a contaminated injectible steroid made by the New England Compounding Center has stalled the sale of an Illinois drug compounding company, the private equity backed Pharmedium Healthcare Corp., Dow Jones’ LBO Wire reported last week.
Rapid penetration of the mobile market is playing an increasingly critical role in an e-commerce company’s success, as more consumers shift to online shopping and to shopping using their mobile devices.
In an effort to make the retail giant feel their pain, Walmart workers have threatened to strike on Black Friday, the busiest shopping day of the year, if their demands for better working conditions, wages and benefits are not met.
An Indian lawmaker has filed a complaint with the government claiming that Walmart illegally invested in a local supermarket chain in violation of rules restricting direct foreign investment in the retail industry. Regulators have begun an informal inquiry into the matter, according to an article in Friday's New York Times.
Consumers' growing love of mobile devices has created growing difficulties for technology companies as they seek to reach their audiences through advertising on smartphones and tablets.
Traffic Low for Online Video Chat Service 'Airtime' Despite Top Firms' Backing, According to AppData
Despite a splashy, star-studded coming out party in June and funding from celebrities and big name venture capital firms, the video chat start-up Airtime appears to be struggling, based on information published in The New York Times today. "So far its traffic appears to be little more than a trickle," reporter Jenna Wortham wrote.
Waltham, Massachusetts-based electric car battery manufacturer A123 Systems Inc. filed for Chapter 11 bankruptcy protection Tuesday, The Wall Street Journal reported. The company's collapse has been called a setback for the Obama administration's efforts to foster a domestic market for electric vehicles running on U.S.-built batteries.
Watch out Amazon and Tmall! Starting today, China's largest online retailer, 360buy.com, is launching its international shopping site to sell directly to overseas buyers, Reuters reported.
Goldman Sachs reported a strong third quarter this year, more than doubling its revenue to $8.35 billion, from $3.59 billion last year, exceeding the expectations of Wall Street analysts, The New York Times reported Wednesday.
