Sectors
Texas-based Waldo Photo Closes $5 Million Seed Funding
Austin-based tech company, Waldo Photos closes its $5 million seed funding on Thursday. The seed funding round was led by California's venture capital firm Upfront Ventures.
Opium Seasoning Used In Chinese Restaurants : 5 Prosecuted - 30 Under Probe
The latest food scandal emanating from China revolves on the usage of poppy powder is a banned item by the Food and Drug Administration of China. Five restaurants have been prosecuted and another 30 more are under probe for using ingredients like morphine and heroine in restaurant food. This latest scandal is one in the many high-profile food scandals that has been hitting China in the recent years.
Pope Mobile-Sports Will Be Auctioned in Philadelphia Next Week
Two of Fiat 500L used by Pope Francis during his visit in U.S. will be auctioned next week in Philadelphia Auto Show. Pope used the car during his historic visit to U.S. last September.
GM And Chinese Coportation Open Cadillac Plant in China To Woo Luxury Market
GM with its main Chinese partner have opened a Cadillac plant in Shanghai on Thursday, 21 Jan 2016 to take advantage of the potential growth in the overcrowded luxury market of China. Cadillac plant has capacity to produce 160,000 vehicles annually. Cadillac believe the luxury car market offer a lot margin opportunity notwithstanding pressure in pricing. Shares of GM have been reported trading on NYSE higher by more than 1 percent on Thursday.