General Motors Co announced its plans on Monday to invest about $1.3 billion in its five plants across the US to improve its output and create a new transmission, according to a Reuters report.
Investors
Legg Mason Inc's Bill Miller to run mutual fund under family name
Citing a December 13 filing with the US Securities and Exchange Commission, Bloomberg reported that Legg Mason Inc's Bill Miller will be starting a mutual fund under his own name together with his son.
TV startup Viggle picks up Seattle's Wetpaint for $30M
New York-based startup Viggle announced its purchase of entertainment news website and social platform Wetpaint for $30 million in a bid to bulk up its social TV business.
Invincea scores $16M for Series C round
Cyber security solutions provider Invincea Inc said it was able to close its Series C round with $16 million. The equity round was led by new investors Aeris Capital and Dell Ventures.
Sale of French construction firm Materis' subsidiary stalls
The proposed sale of ParexGroup, the industrial mortars business of construction company Materis, has stalled after the highest bids only reached €800 million. Materis and its private equity backer Wendel earlier asked for €1 billion for Parex.
Latest News
Outgoing chief executive officer of General Motors Co Dan Akerson has said that US taxpayers actually netted a gain despite the US government losing $10.5 billion stemming from a bailout package it extended to the carmaker in 2009, according to an Associated Press report.
Comcast Corporation and Khan Academy, a free online education portal, jointly announced its newest venture to promote free education of digital skills in low income families to increase adoption of broadband services.
Deck, a cloud-based presentation app based in Bangalore, India, announced that it has raised $600,000 in a seed funding round led by Hotmail co-founder Sabeer Bhatia.
Entitle announced today its launch of its ebook subscription service with a subscription pricing model based on Netflix's business and its successful $5.3 million Series A funding round this year.
In its latest assessment for the infrastructure in the US, the American Society of Civil Engineers' (ASCE) assessment had given the nation's roads, bridges, rail, drinking water, waste water, solid waste and others an aggregate almost flunking grade.
In the European Central Bank's launch of a new 10 euro note, the Euro Zone's central bank launched an online competition wherein top-scoring players get the chance to win exclusive prizes for playing a Tetris-like game that unlocks information about the new note's security features.
Endemol, the TV production house who was made famous for its game shows like Deal Or No Deal and Fear Factor, was said to have made a $13 million strategic bet in UK-based social casino startup Plumbee.
McRock Capital, an investment firm in Toronto, has initially closed its Industrial Internet venture capital fund with $50 million in a round led by BDC Venture Capital.
Massachusetts-based BackOffice Associates has bought Farnborough, UK-based SAP Data Services consultancy firm ENTOTA for an undisclosed amount. Goldman Sachs invested $30 million in BackOffice five years ago.
