23 year-old Jacob Cook's open-source project Ark OS was able to get USD45,189 in backing from 859 investors to develop a full-scale Google Reader alternative.
Sectors
World stock index near 6-year high
A major index of world equities rose to near a six-year high on Friday, helped by gains in U.S. stocks, on faith in an improving global economy and support from central banks, while U.S. crude oil rebounded from recent declines.
Black Friday warriors share their best attack plans
When Aimee Brittain's team hits the stores in a commando-like fashion on Thanksgiving night in search of Black Friday deals, they'll stand out from the crowd in their matching "very bright blue" shirts. They'll scatter when they hit the store, and the shirts will help them see each other quickly.
Private equity firms eyes Indian startups in IT, foreign investment by Indian firms lagging - report
A major trend reversal was observed in private equity investing and foreign investing by local firms in India. Venture Intelligence's recent data noted that investment by private equity and strategic investors in Indian assets surpassed amount spent by local firms to invest abroad.
Iraqi Kurdistan enters into multi-billion-dollar energy package with Turkey
Sources who were familiar with the deal said the government of Turkey and the regional government of Iraqi Kurdistan inked a deal that would allow building of new infrastructure and cooperation in existing oil and gas resources to turn the latter into an oil and gas powerhouse.
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A statement by investment firm Vasari said its chairman, Vivian Imerman, has shown interest in acquiring Whyte & Mackay should Diageo chose to divest them in order to comply with competition concerns.
A Bloomberg recounted how the Federal Trade Commission's decision to approve the USD2.3 billion buyout deal by Hertz Global Holdings Inc of Dollar Thrifty Automotive Group Inc was a mistake.
Bloomberg obtained information from two sources who were aware of the plans by the Basel Committee on Banking Supervision to sign drafts regarding capital requirements on banks worldwide who holds securitizations.
Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.
Westports Holdings Bhd founder and Chairman G. Gnanalingam said his company is looking to partner with strategic investors to expand the capacity of Port Klang in Malaysia.
New York-based auction house Sotheby's is gearing up for its first commercial sale in China with USD212 million worth of artwork consisting of western and Chinese paintings, jewelry and furniture by Picasso, Rembrandt and Zao Wou-Ki.
Sydney-based medical services provider Primary Health Care is cutting down loan interest costs on a AUD 1.25 billion refinancing agreement, according to sources interviewed by Bloomberg.
UK-based advertising firm M&C Saatchi divested a controlling stake of 75.1% in Walker Media for GBP36 million. M&C Saatchi sold its holding to French multinational advertising and public relations company Publicis.
US-based aviation investment firm Cloud Investment Partners is mulling over a possible takeover of Lufthansa Technik's aircraft maintenance facility in Ireland. Lufthansa Technik Airmotive Ireland is a target of a possible shutdown.
