San Francisco, US-based fitness tracking firm Fitbit issued a voluntary recall of its wristband activity tracker Fitbit Force after a small percentage of users reported skin irritation, and promised to release a new version of the product.
Firm Management
South African e-commerce site Naspers Ltd announces CEO Bekker to step down in April
Koos Bekker, the Chief Executive Officer of South Africa-based e-commerce and media giant Naspers Ltd, will be stepping down on April. He will be replaced by Bob van Dijk, Reuters reported.
US authorities accuse ex-Evercore Group investment banker of insider trading
A former investment banker and senior manager at Evercore Group, Frank Perkins Hixon Jr, faces charges of insider trading in cases filed by US authorities, Reuters reported.
Microsoft Corp slashes down Windows 8.1 price by 70pct to take on competitors: sources
Microsoft is going to give a 70% discount to manufacturers to license Windows 8.1 in their low-cost computers and tablets, according to sources interviewed by Bloomberg.
Tennessee startup Ambition wants to motivate sales teams by using fantasy football
Chattanooga, US-based startup Ambition launched a product that will help motivate sales teams by using an approach similar to fantasy football where a goal is set and teams compete with each other for a reward within a specified amount of time.
Latest News
Google Ventures general partner Rich Miner will join the board of directors of San Francisco, US-based mobile app performance management (mAPM) firm Crittercism to replace Wesley Chan, who left Google Ventures to establish his own company.
Robert Lamprecht has been named as the South Africa Chief Executive Officer of Renaissance Capital Holdings, a Russia-based investment bank. He replaces Clifford Sacks who now serves as the firm's South Africa Chairman, Bloomberg reported.
Singapore-based data analytics firm Crayon Data secured INR7.3 crore in a venture round from Jungle Ventures and Spring Seeds Capital for its expansion into the US, UK, Middle East, and China.
LinkedIn Corp is attempting to become more like Facebook Inc by encouraging all members to generate a steady stream of shareable articles, a perk once available only to well-known business personalities.
Medical and pharmaceutical firm GE Healthcare Finland is planning to free up several floors in its Helsinki complex to transform the area into a corporate space where startups can collaborate and hold office.
Tokyo, Japan-based Internet services company Rakuten Inc opened its first European research and development (R&D) facility in Paris, France, which is called the Rakuten Institute of Technology.
Apple Inc is looking at cars and medical devices to diversify its sources of revenue as growth from iPhones and iPads slow, according to a San Francisco Chronicle report.
San Francisco, US-based marketing automation firm Autopilot is releasing a new Chrome plugin that generates up to 42% reply rate on cold email prospecting and bridge the gap between sales and marketing.
Y Combinator is proof that companies don't always need to hold fancy launches. A low-key "launch day" such as the one Y Combinator had in 2005 can also spell long-term success, TechCrunch reported.
