PicsArt scores $15m from Sequoia and Insight Venture Partners
PicsArt Photo Studio (PicsArt) has raised $15 million in new funding led by Insight Venture Partners and Sequoia Capital. PicsArt has already raised $10 million from Sequoia Capital earlier this year.
Jun 08, 2015 4:53 AM EDT
Leading Financial Software Firm SunGard Files for IPO
Sungard Financial Systems IPO could offer a $10B value for the company. It continues to expand as it launches its fourth office in Africa - Nairobi, Kenya.
Rakuten plans to issue 100 million shares to raise $1.5 billion for debt payment and investment
Rakuten aims to raise $1.5 billion from new shares to be offered in Japan and overseas. The Japanese retail company continues to transform itself to prepare for globalization.
Orange plans expansion in North Africa while ending ties with Israel to strenghten Middle East relationship
Orange expands to North Africa as a way to enter the Middle East market. The telecomsoperator expresed its desire to end affiliation with Israel's Partner Communications Ltd to give way to Arab pressure.
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Google shareholders dismiss ISS recommendations to withhold vote as all director-candidates got re-elected
Despite ISS warnings, Google sharehoders reelected all eleven board of directors in its annual stockholders meeting held on 3 June. ISS warned investors against voting for John Doerr, Paul Otellini, and Ram Shriram in connection with executive pay awarded to Executive Chairman Eric Schmidt and Chief Business Officer Omid Kordestani.
Jun 07, 2015 5:57 AM EDT
Deutsche Bank teams up with Microsoft, HCL, IBM allotting up to $1.11B for upgrades
Deutsche Bank is with Microsoft, HCL and IBM for the next 5 years for tech revamp project. US companies have alloted $316 billion for R&D since November 2014.
Jun 07, 2015 12:02 AM EDT
Alibaba to invest in China Business Network to expand finance services
Alibaba Group Holding has decided to buy stakes worth more than 1 billion yuan ($161 million) in financial media outlet China Business Network (CBN). CBN is part of Shanghai Media Group (SMG).
Jun 06, 2015 11:33 PM EDT
Accor changes name, steps up digital push to fight online travel agents
In a bid to fight back against online travel agents and to open its own online travel booking services to independent hoteliers, French hotel group Accor will be spending 22 million euros. The hotel has changed its name to AccorHotels.
Jun 04, 2015 10:45 AM EDT
Samsung delays mobile payment service, expands it to China and Europe
Samsung Electronics announced on Wednesday it will be including China and Europe for the Samsung Pay service. But the company's initial decision to launch Samsung Pay in South Korea and the United States has been put off till September.
Jun 04, 2015 9:36 AM EDT
6.1 billion smartphone users worldwide by 2020: report
In 5 years time, the total number of smartphone users will rise to 6.1 billion. At present there are 2.6 billion smartphone users. And by 2020, total mobile users will touch 9.2 billion.
Jun 04, 2015 9:19 AM EDT
Gumgum Inc.’s Business Expansion and Growth Funded by Morgan Stanley
Gumgum has raised money for business expansion and growth. Different investors lile Morgan Stanley has already seen the company's potential in the upcoming years.
Jun 04, 2015 7:46 AM EDT
CA hires Xbox cofounder as new tech chief in a bid to revive growth
CA Inc has announced Xbox cofounder Otto Berkes as its new chief technology officer. Berkes starts his new job at CA Inc on June 15. He will be reporting directly to CEO Mike Gregoire.
Jun 04, 2015 4:40 AM EDT
Samsung, Philips and Panasonic reach $528 million settlement deal for cathode ray tube class action
Electronics manufacturers agreed to settle a CRT class action for a total of $528 million. More companies and several other lawsuits are involved.
Jun 04, 2015 4:34 AM EDT
KFC wants rumors over mutant chickens stopped; sues Chinese companies
KFC filed lawsuits on Chinese businesses that allegedly fabricated stories about the food chain using genetically modified chickens.
Jun 03, 2015 11:00 PM EDT
LawnStarter raises $6M to become your lawn care concierge
Lawn care startup LawnStarter has announced that it has raised $6 million in Series A funding. The new funding will permit it so as to add new markets.
Jun 03, 2015 11:11 AM EDT
US Stocks rose ahead of big data week with looming interest rate increase deterred by global slow down
Stocks rise have experts speculating that the country may be on its way to recovery and an increased interest rate is on order. The Fed's Brainard is skeptic on the idea.
Jun 03, 2015 9:30 AM EDT
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