Saban Ventures Fund is a newly launched fund aiming to offer investment to the selective business startups in Israel. The venture fund has been launched by Israeli-American media magnate Haim Saban. He is also familiar as one of the major financial contributors to the Hilary Clinton’s election campaign fund.
United States
Silicon Valley Enterprises’ Strong Valuation Softens In The Fourth Quarter
Silicon Valley tech industries have been witnessing a downward trend during the last couple of years. Fenwick & West LLP has revealed their fourth quarter findings on valuations of some Silicon Valley companies. The report shows a decrease in valuation position of the companies during the fourth quarter compared to the strong position in the third quarter.
Lumber Liquidators' shares drop as CDC elevates cancer risk factor in laminate flooring products
Lumber Liquidators' shares dropped as a CDC health report elevated cancer risk factor in laminate flooring. The formaldehyde content increased the risk of cancer in certain flooring products.
McDonald's Introduces Chobani-yoghurt Parfaits and Smoothies, Breakfast Bowls
McDonald's partners with Chobani, a Greek yoghurt-maker company and tests how the yoghurt will come along being incorporated to some of its menu. The fast food chain is adapting to the change to make itself a 'modern and progressive company' as it adapts to the changing tastes of its customers.
American Fruits and Flavors Acquired by Monster Beverages for $690 Million
It was agreed that Monster Beverages will take over on American Fruits and Flavors, its leading supplier of fruit concentrares, flavors and mixes. The beverage company paid $690 million for the acquisition. Since 1990's the two companies have been working together.
Latest News
Audi is going to hit the market with an ultra version of the quattro, A4 Allroad quattro, during the middle of this year. The new quattro is capable of cutting friction losses and is believed to improve emissions and efficiency. It will be the first ever Audi to feature the ultra version of the quattro system.
AT&T on Monday announced its intention to spend about $10 billion in order to provide its "integrated solutions" for enterprises globally. The company is also testing its 5G broadband services at enterprises and homes.
An arrest of Paul Aker, a Houston man with more than $1,500 student loan granted almost 30 years ago, received a lot of attention from the U.S citizens and media. Typically, someone can’t get arrested simply for failing to pay the student loan, but an arrest of someone with a student debt could happen under one condition when the person failed to obey a court order to show up regarding the matter.
Yahoo on Friday announced the strategic alternative to sell its core business. Following the announcement, the company's shares climbed.
American International Group, Inc. Reported Larger Than Expected Net Loss of $1.8 Billion in Q4 2015
American International Group, Inc. reported a bigger quarterly loss than expected. The company was hurt by weak underwriting and investment return. The big loss in Q4 made its full year income dropped by more than 70%
HSBC Holdings Plc is not thinking it's time to deepen cuts at its securities unit. The bank's investment unit is suffering from drop in trading revenues amid sluggish financial markets. HSBC Holdings is aiming to reduce costs by $5 billion by 2017.
Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.
The renewed signs of prospects in China's steel industry propelled the copper prices move up on Monday to the highest in two weeks. Investors also reacted positively to the China's securities regulator head's resignation. Copper prices rose in four of five weeks.
Asian stocks rebounded on Monday ahead of G20 Finance Ministers meeting, which is scheduled on this weekend. Investors are positively looking to reassurances about global economy growth.
