SolidFire received backing from Samsung. SolidFire received a US$31 million funding from Korean tech giant Samsung Electronics today. The placement was made through the company's investment arm, Samsung Venture Investment Corporation.
Investors
UK yellow pages operator Hibu and lenders agree on restructuring deal
Hibu Plc surrenders control of the company in exchange for a GBP 800 million debt writedown. Hibu Plc agreed to a debt writedown valued at GBP 800 million (US$1.
Crossroads gets US $10 mln line of credit from Fortress
Crossroads Systems Inc. gets US $10 million credit from Fortress Investment Group. An affiliate of Fortress Investment Group agreed to extend a US$10 million credit to Crossroads Systems Inc.
General Motors second quarter profit exceeds analyst estimates
U.S. automaker General Motors kept up profit gain with aggressive cost-cutting strategy. General Motors Co reported on Thursday that its second quarter revenue reached US$39.
Facebook surpasses expectations, gains big
Facebook traded above USD 30 on Thursday for the first time in five months. For the first time in five months, Marc Zuckerberg's brainchild, Facebook Inc.
Latest News
MetrixLab subsidiary MarketTools has acquired RawData. MetrixLab subsidiary MarketTools has bought RawData. MetrixLab provides online consumer research services to clients around the world while RawData is engaged in mobile research solutions.
Hundreds of millions of dollars were stolen from Nasdaq and other companies by computer hackers based in Russia and Ukraine.
Ulmer & Berne LLP has hired Patrick G. King as partner. Ulmer & Berne LLP has hired Patrick G. King, as a partner who will be based in the Chicago office.
Microbrewer of craft lager Freedom Brewery has just received GBP 1 million from Oakfield Capital Partners.
It seemed that Chromecast will play a big role in placing YouTube videos in front of consumers via the TV.
Investors were flocking to several states to buy a house at a lower price albeit in cold cash. What do Nevada, Florida, Vermont, and New York have in common? It's the fact that more than half of house sales in these states involved all-cash transactions.
Google wanted a piece of the pie from ads and Chromecast could be the way to do so. Chromecast, a US$35 device for streaming video and other digital content from a mobile device, could be the bait to get the big fish Google has long sought.
Coca-Cola Enterprises Inc. posted an 11% drop in profits for the second-quarter. Grappling with decreases in revenue and volume, Coca-Cola Enterprises Inc.
India's DLF sells its shares in DLF Pramerica Life Insurance Company to Dewan Housing Finance Corp.
