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Business Leaders Converge In Sun Valley, Idaho For Allen And Company Annual Meeting

Haim Saban, Launches $100 Million Venture Fund For Israeli Startups

Saban Ventures Fund is a newly launched fund aiming to offer investment to the selective business startups in Israel. The venture fund has been launched by Israeli-American media magnate Haim Saban. He is also familiar as one of the major financial contributors to the Hilary Clinton’s election campaign fund.

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HSBC Holdings Plc French Headquarters As Bank Prepares For Significant Brexit Impact On Investment Banking Division

It's 'too early' for HSBC to deepen cuts, says CEO

HSBC Holdings Plc is not thinking it's time to deepen cuts at its securities unit. The bank's investment unit is suffering from drop in trading revenues amid sluggish financial markets. HSBC Holdings is aiming to reduce costs by $5 billion by 2017.

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Detroit Auto Show

Audi To Feature Fuel Efficient A4 Allroad quattro

Audi is going to hit the market with an ultra version of the quattro, A4 Allroad quattro, during the middle of this year. The new quattro is capable of cutting friction losses and is believed to improve emissions and efficiency. It will be the first ever Audi to feature the ultra version of the quattro system.

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Unused Oil Rigs Docked In Cromarty Of Firth As Oil Slump Continues

Investment in oil, gas projects shrinking

Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.

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Newest Innovations In Consumer Technology On Display At 2014 International CES

Yahoo announces its strategic move to sell its core business; Company shares climbed after announcement

Yahoo on Friday announced the strategic alternative to sell its core business. Following the announcement, the company's shares climbed.

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AIG or American International Group signage on its building...

American International Group, Inc. Reported Larger Than Expected Net Loss of $1.8 Billion in Q4 2015

American International Group, Inc. reported a bigger quarterly loss than expected. The company was hurt by weak underwriting and investment return. The big loss in Q4 made its full year income dropped by more than 70%

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SalesForce.com CEO Marc Benioff Rings NYSE Closing Bell During DreamForce 2011

Salesforce acquires technology startup PredictionIO

Salesforce has been on acquisition spree and latest PredictionIO is the 36th acquisition for it. Salesforce will further enhance technology applications range in machine learning and big data analytics.

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Inauguration Of The Academic Year At Bocconi University

Tim Cook Finally Invited For Testifying Before Congress Subcommittee

The US Department of Justice has been favored with a court order in getting technical assistance from Apple for unlocking an iPhone. Apple CEO has vowed to challenge the court order citing iPhone security. Finally HECC has come forward to end the dead lock situation with invitation to Tim Cook for discussing a possible solution mentioning no set date.

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US-IT-SECTOR-TREND-STARTUPS

Silicon Valley's F50 rolls out syndication platform

Silicon Valley-based private co-investment platform F50 has the launched beta version of co-investment Syndication Platform. F50 facilitates both the online and offline transactions for investors and startups. It doesn't charge a transaction fee to founders.

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Buildings dot the skyline of Phoenix, Arizona, U.S., on Tues

Lower Inventory, Higher Demand: Phoenix Real Estate Eyeing A Boom In 2016

Prices usually fall amid plenty of inventories. But 2016 appears as a booming year for Phoenix Real Estate due to increased demands from the buyers. Lack of new construction during the last seven years and soaring up house rents are the contributing factors for the rise in demand. Reduction of inventory in 2015 by 5.5% coupled with increased sells in recent days, accelerate the booming for Phoenix.

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US-SPACE-SPACEX

Space propulsion startup Accion Systems begins taking orders

Space propulsion startup Accion Systems has announced that it would start receiving orders for micro-propulsion systems, it's selling miniature electrospray ion engines. Accion Systems has developed micro-propulsion systems for CubeSats and other small satellites.

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U.S. Stocks Track Chinese Rebound as Oil Slips Amid Output Deal

Broadridge picks stake in AMA Partners

NYSE-listed Broadridge Financial Solutions has invested in AMA Partners, BV (AMA). By taking minority stake in AMA Partners, Broadridge will expand its corporate governance solution in Europe.

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ILLUSTRATION: New business

RediFit, A Tech Startup, Winner of The PowerMoves Miami Demo Day 2016

PowerMoves celebrates Miami Demo Day every year since starting journey in 2014. It helps in transforming tech startup ideas into businesses derived from black women entrepreneurs. This year, RediFit, developer of a tech induced knee sleeves for the athletes useful in avoiding injuries, has won the $25,000 prize.

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Places To Visit - Seychelles

Experts Talk About Travel Startup and Venture Capital in Skift Podcast

The travel industry intelligence platform in a podcast reveal the condition of startup and venture capital funding in travel industry. Two industry experts are present in the podcast.

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Vistaprint In Lexington

Vyopta Secures $5 Million in Series A Funding

Video analytic and collaboration company Vyopta announced on Thursday to receive Series A funding, AVX Partners lead the funding, which will be used to strengthen the company's product development.

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