Unusual sector start-ups draw interest of venture capitalists

Two unusual sector start-ups drew the interest of venture capitalists during the second quarter. New England venture capitalist invested in home building and telecommunications during the second quarter.


Maryland received US$320 million in venture capital funds in the second quarter

A PricewaterhouseCoopers report revealed that venture capitalist invested around US$320 million into Maryland last quarter.

Cleveland BioLabs moves drug development to Russia

Cleveland BioLabs and other biotech firms have stated their desire to move their development operations to Russia.

SMC raises US$400 miilion from IPO

San Miguel Corporation announced that they were able to raise US$400 million from the Meralco stake sale


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Woodall Nicholson stated that a group of three investors have acquired the coach-building company. Woodall Nicholson Group has been acquired by a partnership of three Manchester-based investors.
Yelp acquired SeatMe for US$12.7 million. Yelp acquired SeatMe, an online reservation service, for US$12. 7 million. SeatMe will compete with OpenTable in the restaurant reservation scene.
Enel Green revealed plans to expand its geothermal technology while global market for it is still young.
ECWA mergers to pay debt caused WNY water bills increase. Mergers with Erie County Water Authority (ECWA) were mostly done to pay off debt. These debts were mostly caused by the localities' mismanagement.
Charter Communications is set to work with Goldham Sachs Group for the Time Warner bid. Charter Communications Inc. announced that they will be working with Goldman Sachs Group Inc for the Time Warner Cable Inc bid.
Rural/Metro Corp. stated that it was in a position that made them miss a critical bond payment, hinting at the company's financial troubles.
Balaji Wafers confirmed that they were open to selling a majority stake in the company. India's Balaji Wafers revealed that the 37 year old wafer maker was approached by international and local companies for a stake in their business.
Petronas confirmed that they are in discussions with interested parties who could buy shares of Engen.
MedProperties Holdings and Equity Inc in a joint venture announced that they have acquired another health care real estate property in Cincinnati.
Ipreo revealed that it had purchased Discovery Data, expanding their services in the market data industry.