Former Pennsylvania State University assistant football coach Jerry Sandusky was sentenced in Pennsylvania today to 30 to 60 years in prison. Sandusky made an audio tape proclaiming his innocence that was aired by the university's radio station the evening before his sentencing.
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Teens Loyal to their Apple Mobile Devices: Survey Shows
A Piper Jaffray survey shows that 40 percent of teens own an iPhone, according to Fortune. A recent survey showed that teens love their iProducts. Of 7,700 teens polled by the investment bank/ asset management firm Piper Jaffray, 40 percent owned an iPhone, and 62 percent planned to buy one.
Android 4.1.2 Jelly Bean Upgrade Available for Nexus 7 and Galaxy Nexus Smartphones
Google announced that its new Jelly Bean upgrade, version 4.1.2, is available today. Now Google Nexus users can use their Android tablets horizontally.
HouseTrip Raises $40 Million from European Investors
The London-based HouseTrip, which allows users to rent out their homes while they're away, raised $40 million in its third-round of funding, from Europe's three largest venture capital firms.
Female-only Forerunner Ventures Tops 3rd Quarter U.S. Venture Capital Earnings
Forerunner raised more funds than any other venture capital firm for the quarter, $41.7 million for its inaugural fund, Dow Jones reported yesterday. What the press release didn't mention is that Forerunner Ventures is a female-only firm.
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Data released today by Dow Jones shows U.S. venture capital funds raised $16.2 billion for the year's first nine months, 31 percent more than last year for the same time period.
The New York Times reported that an "ambitious three-step plan" to side-step the economy's looming "Fiscal Cliff" on Jan. 1 has garnered bipartisan support according to lawmakers and aids.
Apple shares are down nearly 9 percent from its Sept. 21 intraday high of $707.07, the day the iPhone 5 went on sale, reported Yahoo Finance today. The site added, "That's 4 percent below its 50-day moving average of $658."
San Francisco-based venture capital firm Valar Ventures Management led a $10.47 million round of financing in the up-and-coming Brazilian furniture e-commerce store, Oppa, according to securities filings obtained by The New York Times. It is the firm's first venture into Brazil.
Simple solutions for common myths about FB's Timeline. A question that is ever-popular in the social media users' minds these days is this: Is there any way to get rid of Facebook's Timeline? The social media site began rolling it out early this year, whether you wanted it or not.
Reuters reported today that following Venezuelan President Hugo Chavez's re-election on Sunday, the investment bank J.P. Morgan predicted the country's oil supply will fall to 2.58 million barrels per day (bpd) next year, down from this year's prediction of 2.62 bpd.
Private equity firms have more money than they know what to do with and may have to start returning it to investors, according to an article in The New York Times last week.
Last week the Indian government announced that it was increasing the limits for foreign investment in insurance joint ventures, and opening the pension system to foreigners.
The U.S.-based Carlyle Group sold all of its remaining shares in India's HDFC for $831 million on Thursday night, making it the country's fourth larges equity deal for the year, Reuters repored.
