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.
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.
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.
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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
Beepi to Raise Funds, International Expansion Likely to Happen on 2016
Beepi is planning to expand their business and even go international in the coming years. Learn more about the plans for business growth and development.
Jun 03, 2015 9:21 AM EDT
JOBS Act’s, Title IV Regulation A+ ruling; Is your company ready to go public?
Know more about JOBS Act’s, Title IV Regulation A+ ruling. Is your company ready for it? U. S. SEC has now allowed non-accredited investors to join in equity crowdfunding and investment in private startups and other small businesses.
Jun 03, 2015 8:25 AM EDT
Softbank is Supercell's sole external shareholder; Clash of Clans’ Developer to Focus on Few Games
Softbank is now the only external shareholder of Clash of Clans' developer, Supercell. The current CEO Ilkka Paananen will still head the company.
Jun 03, 2015 7:37 AM EDT
Blackberry Settles Patent Dispute With Seacrest's Company Typo, Stopping Keyboard Sales for Smaller Mobile Devices
BlackBerry settles dispute with Ryan Seacrest's company Typo Products, disallowing the host's company to sell keyboards for mobile devices with screens smaller than 7.9 inches.
Jun 03, 2015 1:48 AM EDT
Uber Hires Its First India President To Lead Its Business In The Country, Proves Commitment to South Asian Market
Uber is proving its commitment to the South Asian market by hiring its first president Amit Jain in India. Amit Jain used to work for Rent.com, TPG Capital and McKinsey. Now, he is in charge of overall business strategy, operations, and growth in a market of global strategic importance for Uber- India.
Jun 02, 2015 10:28 PM EDT
Reddit CEO Ellen Pao files an appeal on lost sex discrimination case against Kleiner Perkins
Ellen Pao files a notice of appeal on Monday in regards to her case against Kleiner Perkins Caufield & Byers in a gender discrimination trial. Pao has yet to state the grounds of her appeal of the ruling within the next 40 days.
Jun 02, 2015 10:28 AM EDT
Amazon is testing a new feature called Stream
The new feature, called Amazon Stream, is in its testing mode. No official announcement regarding the the new feature has been made by Amazon.
Jun 02, 2015 9:55 AM EDT
Qunar raises $500m, turns down Ctrip acquisition offer
Qunar secures 500 million investment from Silver Lake for $330 million, while $170 million will come from an undisclosed investor. The investment will be used in expanding mobile presence, growing business lines, and enhancing technology.
Jun 02, 2015 9:46 AM EDT
Nvidia targets $1 billion revenue from cloud computing in 3 years
Nvidia revenue from cloud computing will hit the $1 billion mark within the next two to three years. The company claims that the increase in revenue will be due to increasing demand for big data analysis, which will then drive growth for its graphics chips. Shares of the company went up 1% to $22.35 in early market trading on Monday.
Jun 02, 2015 8:30 AM EDT
Airbus Group lands at Silicon Valley to set up innovation center and VC fund
The European plane maker announced to start new technology innovation center in Silicon Valley. This new venture worth $150 through venture capital fund group- Airbus Venture Group, is being looked as a move to woo potential technology partners.
Jun 02, 2015 8:16 AM EDT
NetaApp CEO Tom Georgens Steps Down: Executive VP George Kurian Steps Up As CEO; Netapp Rumored to Cut About 500 Jobs?
CEO Tom Georgens left his job, and NetApp gives his position to Executive Vice-President of Product Operations George Kurian. The company is also cutting 500 jobs.
Jun 02, 2015 5:29 AM EDT
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