New York Knick's point guard, Raymond Felton was arrested on charges of illegal gun possession, said a police report, after his team lost a game last Monday night.

Mt. Gox, once the world's biggest bitcoin exchange, went dark on Tuesday, with its website down, its Tokyo office empty, and a cryptic comment from its chief executive that the business was at "a turning point."

Richmond, US-based visual creation studio Alice Blue acquired New York-based multi-faceted post-production studio Nucleus Imaging, a bigger firm, for an undisclosed amount to expand into a new market.

Mountain View, California-based cybersecurity startup Shape Security pocketed $40 million in a venture funding round led by Norwest Ventures and Sierra Ventures to beef up its product offerings and its sales team.

Austin, Texas-based hardware and software startup Open Labs updated its StageLight software to allow users to create and edit their own music with the help of hip-hop superstar Timbaland.

Cybersecurity startup CounterTack based in Waltham, Massachusetts closed its Series B funding round with an additional $3 million to bring the financing total to $15 million.

Philippines-based social night life app Guestlist allows party-goers to get included in a club's guest list to lessen the hassle of falling in line or paying for an entrance fee to gain entry.

New York, US-based tech giant IBM and Dallas, Texas-based telecom firm AT&T struck a strategic partnership that will create a simplified service that will help businesses deal with network security problems and other cyber threats.

Google Chairman Eric Schmidt said he will be putting money where his mouth is and donating $1 million to companies that will use technology to find solutions to global problems, TechCrunch reported.

Li Ka-Shing, the richest man in Asia, led a $23-million investment round in Silicon Valley, US-based synthetic egg startup Hampton Creek which is preparing to conquer the Asian market.