Data storage company Pivot3 has raised $25 million in Series C funding led by Focus Ventures with existing investors InterWest Partners, Lightspeed Venture Partners, Mesirow Financial Capital Partners IX, and Silver Creek Ventures participating. This brings the startup’s total funding to over $50 million. Pivot3’s storage solutions offer integrated server virtualization for [...]
The deal is be financed by a huge rights issue Shares in Prudential tumbled 12% after the UK’s second-largest insurer announced plans to buy AIA for $35.5bn (£23bn).The Prudential said that the agreement to take over the Asian arm of AIG was a [...]
It’s apple-picking season again. Associated Press Steve Jobs Journal Community The iPhone maker’s stock has stalled in recent months, after a strong run-up through last year. In a sense, that’s not surprising. Aside from the likelihood of profit-taking, Apple shares often go into a lull early in the [...]
SkillSoft PLC said it agreed to be taken private in a $1.1 billion deal that underscores the reduced ambitions of many private-equity firms after the financial crisis. The Dublin-based maker of e-learning programs on Friday said an investor group comprised of Berkshire Partners LLC, Advent International Corp. and Bain Capital Partners LLC would pay $10.80 [...]
There is no prospect of a sharp rise in dividend payments Shareholders in UK companies saw their dividend payments cut by £10bn last year, according to a report.UK companies paid out £56.9bn to investors in 2009, 15% less than in 2008, said Capita [...]
[France] Music search and discovering service Deezer is currently caught up in a storm of controversy: its co-founder and CEO Jonathan Benassaya has effectively been forced out by his investors. After Deezer faced mounting competition from services like Spotify, it’s emerged that investors ousted the founder in order to put in place a [...]
A name change, not making any money, a lot of debt: If that description sounds like a recipe for a dicey online date, then investors might want to apply the same principles to the coming week’s IPO of Web-site operator FriendFinder Networks Inc. View Full Image none needed A FriendFinder page: ’social networking’ [...]
The Federal Reserve is on track to end a program, begun during the financial crisis, that provides U.S. dollars to institutions overseas through foreign central banks. In the depths of the crisis, the Fed shipped more than $500 billion overseas through arrangements with other central banks, in exchange for their currencies. Such lending is down [...]
Reuters - Most Asian stocks gave up early gains on Friday as weak U.S. retail sales and a rise in jobless claims made investors wary about the strength of its economic recovery, offsetting better-than-expected earnings from technology bellwether Intel.[Read more...]
Reuters - U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc’s disappointing results tempered optimism about the economic recovery.[Read more...]
Early Iraq results: PM battling secular challenger
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More quakes hit Chile as new president takes over
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Strong Aftershocks Rattle Chile
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Law bars Myanmar’s Aung San Suu Kyi from elections
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Apology for women raped by father
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Iran attacks US over AfghanistanObama pushing on health care end game
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US attacks East Jerusalem plans
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US eyes chance for Mid-East peace