Salesforce has been on acquisition spree and latest PredictionIO is the 36th acquisition for it. Salesforce will further enhance technology applications range in machine learning and big data analytics.
United States
It's 'too early' for HSBC to deepen cuts, says CEO
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 in oil, gas projects shrinking
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.
Copper prices climb as China's steel industry looks promising
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 rebound ahead of G20 FinMin meeting
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.
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Silicon Valley-based private co-investment platform F50 has the launched beta version of co-investment Syndication Platform. F50 facilitates both the online and offline transactions for investors and startups. It doesn't charge a transaction fee to founders.
Space propulsion startup Accion Systems has announced that it would start receiving orders for micro-propulsion systems, it's selling miniature electrospray ion engines. Accion Systems has developed micro-propulsion systems for CubeSats and other small satellites.
PowerMoves celebrates Miami Demo Day every year since starting journey in 2014. It helps in transforming tech startup ideas into businesses derived from black women entrepreneurs. This year, RediFit, developer of a tech induced knee sleeves for the athletes useful in avoiding injuries, has won the $25,000 prize.
Video analytic and collaboration company Vyopta announced on Thursday to receive Series A funding, AVX Partners lead the funding, which will be used to strengthen the company's product development.
Citigroup raises salary of its CEO to $16.5 million in 2015. The bank has managed to be more efficient in operation under Corbat's leadership and passing mandatory stress test.
Campbell Soup announced its latest venture of $125 million venture capital fund, to be independently managed by the startup Acre Ventures GP, LLC. The company is evidently sticking by its claim to boost the food industry by supporting the new startups and trends.
A startup is getting ready to launch a ride-sharing app that could compete against Uber. The startup claimed that they would aim to form a better relationship with drivers and pay the drivers better with lower commission. As for now, the company is still gathering data, with the help of Uber drivers paid $25 per week to carry Juno devices while doing their job.
NYSE-listed Broadridge Financial Solutions has invested in AMA Partners, BV (AMA). By taking minority stake in AMA Partners, Broadridge will expand its corporate governance solution in Europe.
University of Chicago scholarship programs get $50 million donation from Sequoia Capital chairman Michael Moritz and his wife Harriet Heyman. The said huge donation will fund the Odyssey Scholarship Program and the Collegiate Scholars Program.
