Hilton Worldwide Inc, the world's largest hotel operator, raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.
United States
Google Ventures helps raise $1.2M for San Francisco smart kitchen company The Orange Chef
San Francisco-based smart kitchen company The Orange Chef has received $1.2 million in funding from Google Ventures and Sparklabs Global Ventures to develop more connected kitchen devices.
San Francisco's ToutApp scores $3.35M to optimize email for salespeople
San Francsico-based sales analytics startup ToutApp received $3.35 million in funding from Sigma West Ventures to optimize email communication and add more employees to its team.
As Fed looms, Morgan Stanley sets sale of US oil terminal business
Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.
Food services firm Aramark raises $725 mln in IPO - underwriter
Food services provider Aramark Holdings Corp raised $725 million from its initial public offering after its shares were priced at the low end of its planned $20 to $23 price range, an underwriter told Reuters.
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Talend Chief Executive Officer Mike Tuchen told TechCrunch that part of the $40 million it received from its recent funding round will go towards its plans to launch an initial public offering in the near future.
Enterprise cloud file storage hybrid Egnyte received $29.5 million in Series D funding to introduce itself to other international markets and to gain recognition in international markets like its rivals Box and Dropbox.
A group of financial tech startups are tapping into a niche market wherein 80 million people with low FICO credit scores could not obtain loans from banks and other financial institutions.
Yahoo has yet to address technical problems of its mail and small business services, which is causing frustration for many of its individual and small business customers, according to a TechCrunch report.
Should it relent to pressure to sell its television set-top box business, Cisco could have difficulty finding obvious buyers for the unit, said a Reuters report.
The Luxembourg-based General Court declared on Wednesday that Cisco's antitrust concerns regarding Microsoft Corp's takeover of the largest Internet video and voice messaging provider Skype was unfounded.
PayPal president David Marcus played down the factors Bitcoin obtained in recent months as a potential currency and insisted that it is rather an asset, according to a VentureBeat article.
A Business Insider report said the few hundred people who owned the digital currency Bitcoin are the ultra-rich, as estimates indicate that each owns at least $1 million worth of Bitcoins.
Detroit-based company said yesterday on a conference call that the departure of its chief executive officer Dan Akerson was personal, as his wife of over 40 years has been diagnosed with advanced cancer.
