Internet giant Yahoo is reportedly in advanced talks to purchase San Francisco, California-based enterprise app studio Tomfoolery in a deal valued at $16 million, according to different sources.

The sale of the art collection of convicted jeweler Ralph O. Esmerian was able to gather $13 million, $10.5 million of which will go to creditors, Bloomberg reported.

Accellion Inc has introduced kiteworks in a bid to make a play in the file sharing space now led by Box Inc and Dropbox Inc, The Wall Street Journal blog Venture Capital Dispatch reported.

San Francisco, US-based photo sharing website Pinterest launched its "Interests" page today to help users find exactly what they like, as part of its goal to expand the website and search capability.

The annual average return of university endowments was pegged at 11.7%, according to figures from the National Association of College and University Business Officers and the Commonfund Institute, Bloomberg reported.

For the first time, tech companies like Google Inc and Apple Inc will be allowed to give information about government requests for customer data, Bloomberg data.

Charlie Shrem and Robert Faiella, both executives of New York-based Bitcoin exchange business BitInstant, were arrested for money laundering in connection to the illegal drug transactions on an online black market, according to the Manhattan US attorney.

Massachusetts, US-based data warehousing and analytics firm Health Catalyst secured $41 million in a Series C funding round from existing investors to develop more clinical applications.

IDC's Worldwide Quarterly Mobile Phone Tracker data said the worldwide smartphone market topped one billion units for the first time in a single year, TechChruch reported.

Massachusetts, US-based crowdfunding platform Dragon Innovation will start offering another $100,000 in seed funding to any project that can raise a minimum of $1 million in its campaign.