Rackspace Hosting Inc's Co-Founder Graham Weston flew to San Francisco to meet with investors and reassure them about the state of the company after its CEO announced his abrupt retirement, Bloomberg reported.
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Financial crisis fears rise while Wells Fargo eases way back into subprime home loans
Wells Fargo & Co is now making its way back to the subprime mortgage market, potentially bringing fears that US lenders will be making the same mistakes that prompted the financial crisis, Reuters reported.
Apple to sell iPhone 5s at $1,169 in first Latin America store
Apple will be offering a no-contract iPhone 5s for $1,169 when it debuts its first store in Latin America, marking the most expensive price for its iPhones, Bloomberg reported.
Beijing-based PICOOC pushes to break $20M in its second funding round
Smart bathroom scale maker PICOOC is raising $20 million for its second institutional funding round. The company makes the smart body scale brand Latin, TechNode reported.
Japan's Rakuten purchases Viber for $900 million
Rakuten said it will purchase messaging application Viber for $900 million, marking the latest and largest acquisition of the biggest internet company in Japan, TechCrunch reported.
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Yevvo, the iPhone app developed by Israeli firm Yevvo Entertainment Inc, gives a platform for selfie stars to share live videos of themselves to a virtual audience, the Venture Capital Dispatch reported.
Biotech companies are in a rush to go public partly due to the sky-high valuations now experienced by many biotech firms that have gone public in the past few years, the Venture Capital Dispatch reported.
The secretive startup Secret that enables people to share thoughts with others anonymously has unveiled a program asking hackers to identify vulnerabilities in its mobile app, TechCrunch reported.
Yahoo has acquired Distill, a technical recruiting company that aims to take out the hassle of the hiring and recruiting process. The startup is backed by Felicis Ventures, China's Innovation Works and DN Capital, TechCrunch reported.
CloudPassage, a San Francisco-based cloud security provider that aims to keep the bad guys out of clouds, has raised $25.5 million for its new financing round led by Shasta Ventures, VentureBeat reported.
Betaworks, a New York-based media products maker and seed stage investor, has received additional funds amounting to $10 million in a round led by Digital Garage, TechCrunch reported.
Silk Road 2 moderator Defcon said that hackers have carried away more than 4474.26 bitcoins from the online marketplace after exploiting a transaction malleability bug, TechCrunch reported.
Citia, a publishing platform that helps marketers and content creators take advantage of the shift to a card-based structure, has bagged an added $600,000 from David S. Rose and Geoff Judge, TechCrunch reported.
Switzerland-based Lemoptix has raised and undisclosed funding amount from Swisscom Ventures, the venture arm of Swiss telco. Lemoptix develops technology that can embed micro-projectors in various devices, TechCrunch reported.
