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Wevorce raises USD1.7 million to help streamline divorce through technology

Wevorce has announced that it has received USD1.7 million in new seed funding from investors such as Foundation Capital and Sam Altman. This brings the startup's total funding, which launched out of Y Combinator last March 2013, to USD2 million.


Vince Holding proves fashion still sizzles in Wall Street in IPO

Clothing retailer Vince Holdings showed that fashion is still hot among public investors as it prices its shares one dollar above marketing range in its public debut.

Three bidders remain for Johnson & Johnson's diagnostic unit- sources

Only three potential buyers from at least five who expressed initial interest were left to bid for the Ortho Clinical Diagnostics business of healthcare firm Johnson & Johnson, according to sources interviewed by Bloomberg.

The Hunt raises USD5.5 million for strange shopping app

The Hunt, an online community where you can track down items you covet, raised USD5.5 million in its first round of institutional funding to create an iPhone app for the site.


Latest News

Hong Kong's Shandong Weigao Group on Friday announced that it will sell its entire 21.7% stake in Biosensors International Group for USD312.3 million. The stake will be sold to CB Medical Holdings.
Amazon will be releasing "Betas," a tech comedy show about app entrepreneurs in the Bay Area as it ramps up its original online programming to compete with Netflix and Hulu.
Hong Kong-based tech startup Multichannel raised USD3 million in a seed round from angel investors in Asia and Europe to be used for the improvement of the company's marketing spend tracker.
In order to protect shareholder's interests, U.S. allows companies to have dual share structures but with additional safeguard measures as the Securities and Futures Commission last month declined to provide a waiver to Alibaba to nominate a majority of directors from its 28 partners.
Third Point's Daniel Loeb said he held more than USD 1 billion stake in Softbank Corp while Greenlight Capital's David Einhorn warned of "bubble-like" conditions in some stocks in the Robin Hood Investors Conference.
A USD800 million settlement between feeder fund Kingate Management and bankruptcy trustee Irving Picard has collapsed. The Justice Department ruled out feeder funds from payouts out of the USD2.35 billion Madoff Victim Fund.
China's Shandong Weigao Group Medical Polymer Co Ltd announced its intention to sell its entire 21.7% stake in medical device manufacturer Biosensors International Group Ltd for USD312.3 million.
Judge Thomas Bennett of the US Bankruptcy Court in Birmingham, Alabama approved Jefferson County's debt restructuring plan to exit bankruptcy after a 14-hour hearing on Thursday, November 21.
A recent survey by analytics company Worthworm found that 46% of Angel investors regretted the investments they made in 2013 because of overly optimistic financial projection and unrealistic pre-money valuations.
US-based party goods retailer Party City Holdings Inc is preparing for a potential initial public offering (IPO) in early 2014, according to anonymous sources familiar with the matter.