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Staples to shut down 225 stores in North America

Massachusetts, US-based office supply retail chain Staples will shut down 225 stores across North America by 2015 to push its online business and cut costs amid huge revenue losses.


Yahoo snaps up automated graphic design startup Vizify

Sunnyvale, California-based Internet giant Yahoo snapped up Portland, Oregon-based automated graphic design startup Vizify for an undisclosed amount as part of its on-going acquisition spree of design-focused startups.

US-based venture firm Founders Fund gathers $1B to invest in startups

San Francisco, US-based venture capital firm Founders Fund gathered $1 billion for its fifth investment fund called Founder Fund V which will back startups from various sectors.

Holly Bobo case sees new light, Zachary Adams arrested

Zachary Adams was charged of kidnapping and felony murder of Holly Bobo, the nursing student from Tennessee who went missing on April 13, 2011, announced the Tennessee Bureau of Investigation.


Latest News

OnDeck, an alternative lending platform for small businesses, secured a $77 million investment in a round led by Tiger Global Management and joined in by its existing investors, TechCrunch reported.
Justin Bieber’s fans sent out a viral tweet, Justin Meet Anita, on Twitter and said a dying cancer patient from Poland wanted to meet Bieber.
The top 12 contestants of the American Idol chose songs that reminded them of where they grew up, memories of their first performances and their family members, said the USAToday.
Moscow, Russia-based affiliate marketing and advertisement firm CityAds Media nabbed a $5-million investment from private equity investor Klever Internet Investments in exchange of a minority stake in the ad company.
In its quest to help game makers improve player engagement, GamesAnalytics has changed its name to DeltaDNA and added a self-serve consulting business to its services, VentureBeat reported.
Winnipeg, Canada-based non-profit agricultural organization Canadian International Grains Institute (Cigi) receoved a $1-million investment boost from Regina-based grain-handling firm Viterra Inc to promote Canadian field crops locally and internationally.
AppsFlyer, a mobile analytics startup based in Herzliya, Israel, obtained $7.1 million in its most recent financing round from Pitango Venture Capital and Magma Venture Partners, Globes reported.
Former Apple chief John Sculley is teaming up with former HTC India head Ajay Sharma and Singaporean investment firm Inflexionpoint to launch a yet-unnamed smartphone brand in India, which will release its first units in April.
Mobile gaming startup Omnidrone has bagged $2 million in its first institutional funding round. Investors included Nokia Growth Partners, London Venture Partners and Kibo Ventures, a funding statement said.
North Shields Tyne and Wear, UK-based independent wholesale firm Kitwave Wholesale Group acquired Durham-based frozen food and ice cream seller Eden Farm for an undisclosed amount.