VENTURE CAPITAL POST

The skyrocketing oil inventories are paving the way for more traffic jams on the seashores as oil tankers are queuing up along the US Gulf Coast. The uncompromised Opec's decision to continue its production level coupled with shale production in the US is adding to huge volumes of inventories.

The billionaire investor Mr. Ackman's Pershing Square Capital Management was one of the largest stock holders of Valeant Pharmaceuticals. Ackman has perceptively made his position in Valeant far more important by raising its stake from 5.7% to 9.9% recently. Now, Pershing is the second largest shareholder in Valeant followed by Sequoia Fund led by Ruane, Goldfarb and Cuniff.

Alberta Premier Rachel Notley said Sunday that the New Democratic Party will limit oil-sands emissions, discontinue coal power plants, and create an economy-wide carbon price as part of a strategy to reduce pollution in Canada's most polluting province.

The war-torn countries around the globe have been forcing fleeing of the locals to nearby countries. The large percentage of refugee migration has principally been seen from war struck countries like Syria, Iraq and Afghanistan since World War 2. Recently, millions and millions of Syrian refugees fled for shelter in their neighboring countries, but alongside their lives lack many other basic needs.

Chinese billionaire Liu Yiqian can now fly in first class anywhere in the world for free, after he bought a $170 million painting. Liu Yiqian won a bidding war for "Reclining Nude" painting at Christie's auction in New York earlier this month. "Reclining Nude" was painted between 1917 and 1918 by an Italian artist Amedeo Modigliani.

Korean biggest technology company, Samsung today announces that its Samsung Pay service is now accepting credit and debit card from Chase Banks. The new announcement set its service in par with other rivals such as Apple Pay and Android Pay.

CVC Capital Partners and Canadian Pension Plan Investment Board (CPPIB) are in the advance stage of closing the acquisition process for the takeover of Petco for $4.7 billion.

Researchers at Linkoping University Sweden have created the analog and digital circuit inside living plants. Using the vascular system of a living rose as the model, they made the key elements of an electronic circuit inside the living rose and light up ions inside the flower's leaves.

In order to strengthen New York's ability to fight with ever-rising terrorism, Gov. Andrew Cuomo has taken strong measures. He has announced two exceptional efforts including latest terrorism preventing 'See Something, Send Something' app to help and put an end to terrorism.

Europe recession looks enduring, warns the IPPR report. It said the severe unemployment and underemployment in Europe are signals of an alarming situation about the deepening recession.

Global retail major Walmart has announced the commencement of Cyber Monday sales from Sunday night of Thanksgiving weekend. Walmart's first round of deals under Cyber Monday will begin on 29 November. Walmart has taken up Cyber Week staring from 28 November until 4 December. Walmart started holiday sales earlier owing to rising consumer demand. Several products will be available at discounts as part of the holiday sales season.

Apple Pay is stealing consumer's loyalty in multiple countries. After the introduction of rival services Samsung Pay and Google's Android Pay, Apple Pay also considers the need to expand itself, especially to China which represents as significant business opportunity for mobile-payments systems.

People love shopping, be it a holiday time or a festive season. Black Friday is one of the most popular shopping deal guides of recent times. Whether you are looking for home improvement products or gifts for someone special, Black Friday can help you out to get the best deal.

Asian stocks dropped on low trading volume as commodity producers followed fall in industrial metals and crude oil. Investors and institutions are in the wait and watch mode ahead of US Fed's meeting in December.

The fake product reviews posed a serious problem with the festive season knocking at the door. The growth of eCommerce has increased the sale of products online in leaps and bounds. So are the consumer reviews, which go hand in hand with the high revenue generated eCommerce sites.