Selway Capital Acquisition Corporation said that they have entered a US$5 million loan and security agreement with Partners for Growth III L.P.
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Gulf natural gas unit explodes
A natural gas well exploded in the Gulf of Mexico today. A total of 44 workers were evacuated after a natural gas rig exploded in the Gulf of Mexico today.
Google takes 25% internet traffic in North America
Google has 25% share in the internet traffic coming from North America. Data from Deepfield, an analytics firm, indicated that Google took 25% internet traffic in North America.
‘Tiger cub’ Laffont bullish on content, Apple no
‘Tiger cub’ Laffont was bullish on content but not Apple. Philippe Laffont, a hedge fund manager at Coatue Management, did not seem too optimistic when asked about his opinion of Apple.
Sonic's Q2 profits drop due to debt retirement; sales increase
Sonic Automotive's Q2 profits dropped because of debt retirement charges, while its sales increased.
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Kobie Fuller joins the investment team at Accel Partners as Principal. Internet executive and Harvard University graduate Kobie Fuller has joined Accel Partners as a Principal.
Cisco said that they will pay US$2.7 billion to buy back Sourcefire. Cisco Systems Inc. announced that they have agreed to buy back the cyber security firm Sourcefire for US$2.
Adobe Systems Incorporated has acquired Neolane for $600 million. Adobe Systems Incorporated has completely acquired Paris-based Neolane for $600 million.
Most Sonic stores faced problems with the recently rolled out "True Price" program. For the past quarter, Sonic focused on moving its dealerships to its "True Price" structure.
Google would spend more than US$500 million to market Moto X and begin its separation from the android pack.
The world's biggest smartphone producer by shipments, Samsung Electronics Co., was anticipated to reveal it best operating revenue ever.
“We are moving forward,” said Huma Abedin, who seemed to have forgiven her husband. Huma Abedin may not have wanted to be in the spotlight. However, thanks to a sexting controversy, now, she was facing reporters along with her husband.
Samsung outdid Apple's iPhone sales for this year's second quarter after reporting 23 million units sold.
Apple was expected to stay as the dominant figure in the technology industry if it was able to innovate more and add pressure to its competitors.
