Steward Health Care Puts All 31 Hospitals up for Sale to Address $9 Billion Debt After Filing for Bankruptcy

Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt.


Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035

Social Security and Medicare have improved due to stronger-than-expected economic growth. However, the safety-net programs are still expected to face a funding crisis in approximately ten years...

Heineken Announces £39 Million Investment to Reopen 62 Closed UK Pubs

The focus of the investment will be on reopening 62 pubs that were previously closed and renovating 94 existing outlets...

Apple Spends Less on AI Than Rivals; Investors Worried About Sales

Despite rivals investing heavily in AI-focused infrastructure, Apple, emphasizing hardware sales, maintains a lower capital expenditure, raising concerns about its sales and competitiveness...


Latest News

Cloud-based startup Optimizely to lay off 10% staff
Optimizely, a San Francisco-based cloud-based startup, is slashing its workforce by 10 percent across all the departments. Based on recent round of finance, Otpimizely was valued at $585 million. Sinc
Whistle Sports Scored 20 Million Series C Funding
Tegna Inc., NBC Sports Ventures, Sky and Emil Capital raised $20 million for Whistle Sports. The amount added a total $73 million equity funding for the digital sports entertainment startup.
Depriving Banks & Insurances, VC Backed Fintech Startups $13.8 Billion Funding In 2015
Venture capitalization has appeared as an investment industry rival for banks and insurances. The new trend of raising capital has become much more popular for fintech startups during 2015 while raisi
Sky and Fox Invested in Football Streaming Startup FuboTV
Sky Plc and 21st Century Fox Inc. invested $6 million each to FuboTV. Along with other investors which generated a total of $15 million in Series B funding for the football streaming startup company.
Citigroup sets up new group for rich investors
Citigroup has established a new asset management group to offer varied solutions and services to richest investors across the world. The new global asset management group will function within investme
Silicon Valley Accelerator 500 Startups Allocated $10 Million Fund for Vietnam Startups
500 Startups is seeing a great potential in Vietnam, where more than half of its population are below the age of 30 and most adults are using smartphones. The Silicon Valley-based accelerator is prep
Philadelphia catching up in venture capital
The volume of Philadelphia's venture capital (VC) investments is showing a mixed pattern. Though VC investment grew in 2015 when compared with investments in 2014, the fifth largest city in the US has
AreaMetrics receives $2 million from seed funding round
AreaMetrics has completed a seed funding round of $2 million. The financing round was headed by Quest Venture Partners and Startup Capital Ventures.
Silicon Valley on India: Striking The Iron While It's Hot
There is a saying "Strike while the iron is hot". That is what Silicon Valley is doing - investing big in India where the economy grows faster.
Snapchat Raised a New Funding Round, But Valuation Remain Unchanged
Fidelity Investments lead a $175 million investment in Series F funding for Snapchat. However, it does not change Snapchat valuation at $16 billion.
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