Columbia Capital closed its sixth fund on Tuesday. The firm will target internet infrastructure, mobile technology and cloud service.
Sectors
Gogo stock plummets after American Airlines' statement
Gogo Inc's stock fell 28 percent following the statement from its customer American Airlines stating that Wi-fi service is lacking. The US airline has filed a lawsuit against Gogo for failure of Wi-fi service. The Chicago-based technology company Gogo Inc offers in-flight Wi-Fi service to American Airlines and Delta Airlines.
Venture Capital Investment in Grand Rapids Hits a Record High
Grand Rapids, Michigan mark the highest record in venture capital investment in 2015. A venture capital firm based in the largest city of West Michigan scored a 20% increase from previous year.
Carl Icahn Slashed Shares, While Tiger Global Acquire $10.6 Million Shares in Apple
Carl Icahn reduced his shares in Apple by $7 million, along with other big hedge funds. Meanwhile, Tiger Global Management acquire more shares in the Cupertino-based company.
China Military: Recent Technology Modernization Is Closing Tech Gap Between China and the US
Recent statements and reports acknowledged that China is closing its technology gap with the United States, especially in air forces. Chinese governments have been using resources to support modernization on the military. However, the pilots' ability between the two countries is still facing a huge gap due to experience and training program.
Latest News
Airbus Group wins the contract for the Philippine Airlines' new aircraft order worth $1.8 billion. The Southeast Asian carrier is looking forward to carry passengers to New York and U.S. West coast.
The UK's headline rate of inflation reached to 12-month high. However, it remained below the two percent target of Bank of England for two years. The consumer prices index rose following the price rise in oil, clothing and food products. Economists and consumers are looking to UK's central bank whether it'll raise interest rate or not.
Ratan Tata has invested in a new tech start-up business, Snapbizz. This is Tata's eighth e-commerce business this year after DogSpot.in, Tracxn, CashKaro, FirstCry, Teabox, Moglix and Invictus Technology.
Anglo American Plc suffered a pre-tax loss of $5.5 billion (£3.8bln) for 2015 year. The 2015 loss was more than twice the loss incurred in 2014. As part of its future strategy, Anglo American is planning to shift its focus to copper, platinum and diamonds.
Volkswagen is facing a drop in its sales due to the emission scandal on its engines. The Germany automaker has to conduct recalls to repair the troubled cars. This scandal also has opened chances for its rivals to grab its markets.
India's exports fell 13.6 percent from January a year ago and it has been dropping for 14 consecutive months, while imports contracted 11.01 percent. However, the Reserve Bank of India will not devalue its currency unlike China and Japan.
China is planning to put more budget in infrastructure. The country's planning agency expects to boost spending and increase investment to maintain 7% annual economic growth as last year.
General Motors discontinued and then sold its Saab and Saturn brands. Ironically, it made an announcement today that these cars from both brands consist of parts that could explode from the Takata airbag. The said cars’ manufacturing date was way back 2003 and a total of 180,000 vehicles are recalled in the U.S. while 20,000 units are from Canada.
The .cloud domain is now available which launched in the mid-November and became exclusive for trademark holders only. Because of the thousands of orders and duplicate domain names, these will be auctioned through Aruba.
