Carey Watermark Investors bought Raleigh Marriott City Center from Interstate Hotels & Resorts for USD 89 million.
North America
Ivanhoé Cambridge gets 50% stake in Place Ville Marie for over USD 400 million
Ivanhoé Cambridge announced it would buy a 50% stake in Place Ville Marie for more than USD 400 million.
Cisco Systems pares down 5% of workforce
Cisco Systems announced it would be whittling down its workforce by 5%. Cisco Systems Inc announced it would be reducing its workforce by 5%. The move would affect 4,000 jobs.
Salsa Labs Inc receives USD 2 million venture debt from Wellington Financial
Salsa Labs scored USD 2 million in venture debt financial from Toronto-based Wellington Financial. Wellington Financial provided venture debt financing to Salsa Labs Inc worth USD 2 million.
NY Times' website down for 2 hours
The New York Times' website was down for about 2 hours earlier today. New York Times readers were unable to access its website for about 2 hours earlier today.
Latest News
Manduka purchased yogitoes in a deal advised by the Meriwether Group. Eco-friendly yoga gear maker Manduka Llc acquired Skidless towel maker yogitoes Inc in a deal advised by the Meriwether Group.
Incline Equity Partners said it was able to raise more than USD 301 million for its third fund. Incline Equity Partners (IEP) announced the successful closing of its third fund, which scored over USD 301 million in capital commitments.
Analysts said the once-core enterprise of compact digital cameras already seemed increasingly obsolete due to smartphones.
Paulson & Co agreed to acquire Steinway Musical Instruments for USD 512 million. Steinway Musical Instruments entered into a definitive merger agreement with Paulson & Co Inc on Wednesday.
MannKind Corp revealed that Afrezza proved to be effective in two late stage studies. MannKind Corp announced a major breakthrough in its diabetes therapy drug Afrezza.
Zynga announced the exit of some senior executives, including David Ko, Zynga's Chief Operating Officer, as part of the company's streamlining plans.
According to investors, startups that could generate revenue would keep on growing since venture capitalists are attracted with their capabilities.
Facebook revealed the number of daily users from the US and UK to attract advertisers in spending more money in the social network.
Billionaire Prem Watsa could be the key to any successful Blackberry deal. As beleaguered smartphone maker Blackberry Ltd begins to contemplate a sale of its holdings, Reuters reported that the success of any deal would rest in the hands of Prem Watsa.
