Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars.
Sectors
Salesforce-backed Anaplan raises $100 million
Performance-management company Anaplan has raised $100 million in fresh capital, it said Tuesday, joining a growing roster of enterprise companies winning private funding even as that sector wilts in the public markets.
Predictive Analytics Leader Predixion Software Strengthens Management Team With Appointment of Costa Harbilas as SVP of Sales and Terri Avnaim as VP of Marketing
Predixion Software, a leading developer of predictive analytics software, today announced two new members of its executive team. Costa Harbilas joined the company as senior vice president of global sales and will lead the direct, channel and technical sales teams around the globe.
BlackBerry aims to reverse emerging market slump with budget handset
BlackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shriveled.
China cements deal with Kenya to fund railway construction project est. $3.8 billion
Sunday Kenya made an agreement with China to finance 90% of the 609.3 kilometer railway project in Nairobi with cost estimate of SH 327 billion or $3.8 billion.
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Chase Pharmaceuticals Corporation raises $21 million in a Series B financing round led by New Rhein Healthcare Investors, LLC.
The Florida Venture Forum will host its seventh annual Early Stage Conference May 15 together with the 4th Annual Statewide Collegiate Business Plan Competition in Florida attended by 20 choice ventures positioned for equity financing.
Singapore-based asset manager Dymon Asia Capital has received a commitment worth $500 million from Temasek Holdings to start a hedge fund seeding venture at a time the Asian industry is starting to recover after six years of sluggish growth.
The collapse of the $35 billion merger of New York-based Omnicom with France's Publicis is likely to lead the world's biggest ad agencies to think small as they try to counter the challenge from internet giants like Google.
Messaging startup Snapchat has settled charges with U.S. regulators accusing it of deceiving consumers by promising that photos sent on its service disappeared forever after a certain period of time.
Chinese smartphone maker Xiaomi will soon release its first tablet, sources with knowledge of the matter told Reuters, expanding the fast-growing company's product lineup in a potential challenge to Samsung Electronics Co Ltd and Apple Inc.
Apple Inc will unveil the next incarnation of its popular iPhone series in August, one month earlier than industry watchers were generally expecting, Taiwanese media reported on Friday citing unidentified supply-chain sources.
Radio Taxi, aka Taxio, officially launched last night by the State Transport Minister Thiruvanchoor Radhakrishnan in Fort Kochi, India.The 7 member team startup was founded earlier this year in January.
Edison Ventures announces the acquisition of Andera Inc. for 44.5 million by Bottomline Technologies today. Charlie Kroll, Founder and CEO at Andera Inc. comments:
