Sundar Pichai, a senior vice president at Google, has reportedly emerged as the leading candidate for Microsoft's chief executive officer post. Pichai is competing head-to-head with Microsoft insider Satya Nadella.
Sectors
US startup Ravel Law raises $8.1M to build research tool for lawyers -report
Palo Alto, US-based legal search and analytics startup Ravel Law raised $8.1 million in funding to build a tool that will help lawyers cut research time and cut costs, according to an exclusive report by VentureBeat.
nCrypted Cloud raises $3M from angels to encrypt your Google, Dropbox, SkyDrive and Box accounts
nCrypted Cloud, a service that encrypts shared data on Dropbox, Google Drive and others, raised $3 million from angel investors for its seed funding round, TechCrunch reported.
Stockton Road Capital makes minority investment in Jamieson Laboratories
Private equity investment firm Stockton Road Capital has made a minority investment together with affiliates of CCMP Capital Advisors in their purchase of nutrition firm Jamieson Laboratories.
Wall Street suffers worst drop since June after weak data
U.S. stocks slumped on Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected data on the factory sector in the world's largest economyprovided investors with the latest reason to move away from riskier assets.
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Clothing retailer Jos. A. Bank, which is in a takeover war with Men's Wearhouse, is reportedly in talks to buy Washington-based peer Eddie Bauer. Eddie Bauer is owned by New York hedge fund Golden Gate Capital.
Woodbridge International, a global mergers and acquisitions firm specializing in middle-market companies, announced the opening of its new office in Santiago, Chile. Senior M&A Advisors Giorgio Olivari and Andrés Bahamondes will be leading Woodbridge's Chilean team.
Co-Signer, Inc. today announced its subsidiary's default ratio for calendar 2013 was 2.3% of total contracts for the period in contrast to its budgeted internal forecast of 7%. With an expanded sales effort for the immediate past year of its service product in targeted communities nationwide, the Company reported this milestone was achieved through its continuous monitoring of its underwriting.
Total Gaming Technologies Inc (TGTI), a subsidiary of Philippine-based lotto operator Pacific Online Systems Corp (LOTO) purchased 1,544,700 common shares of its parent firm for PHP23.29 million for investment purposes.
India's Public Sector Undertaking (PSU) banks initiated a process to offload their shares in credit ratings agency CARE Ratings, according to sources knowledgeable on the situation.
Spokane, Washington-based startup iCPooch launched a crowdfunding campaign on Kickstarter to raise $20,000 for the production of a device that allows dog owners to send treats or conduct facetime with their dogs when they are away from home.
According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.
Winterthur, Switzerland-based industrial engineering and manufacturing firm Sulzer Ltd inked a deal to purchase a 75% interest in Saudi Pump Factory together with the latter's owner Nabil Al Hashim, in a deal valued at CHF33 million.
Ablynx, a Belgian biotechnology firm, has agreed to a €20 million deal with Merck to develop immunotherapies that can bolster the human body's potential to combat cancer cells, the Financial Times reported.
