Dow Jones index for the first time closes above 16,000

The Dow Jones Industrial Average, for the first time, closed above the psychological threshold of 16,000, extending a stock rally that had already experienced a 22% spike so far this year.


Friendshippr closes USD670,000 for crowd-shipping app

US-based crowd-shipping mobile app Friendshippr closed USD670,000 in funding from angel investors in Dubai to connect consumers to Facebook friends who will help transport items for them.

Xenex secures USD11.3 million in new investment

Xenex Disinfection Services, the company that launched robotic technology for disinfection of hospital rooms, has secured USD11.3 million in funding boost from private sources and venture capital firms.

Consorcio Ara, O'Connor Capital Partners plan to sell malls- sources

Mexican homebuilder Consorcio Ara and real estate firm O'Connor Capital Partners plan to sell nine shopping malls for USD 384 million, according to sources interviewed by Bloomberg.


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Slouchy zip hoodie maker American Giant collected USD3.6 million in a recent USD2.5 million funding round, raising over USD1 million than what the company expected.
France's Credit Agricole said it will cut its holding in investment firm Eurazeo. The French bank will sell 3.2 million Eurazeo shares and zero-coupon convertibles equivalent to a maximun of 5.1 million shares.
A flush of mergers and acquisitions was expected to come in as early as the end of the year, according to a report from financial news magazine Barron's.
Spotify AB has successfully secured about USD 250 million in new financing that values the music-streaming company much higher than USD 4 billion, according to sources. With this in mind, Spotify is now almost shoulder to shoulder with Pandora, which went public in 2011 and is currently valued at USD 5.7 billion.
Strategic investors were said to be in discussions to buy a majority stake in Vasan Healthcare, which operates eye care hospitals and dental centers in India.
David Tepper of Appaloosa Management said equity markets are not inflated. Tepper spoke with Bloomberg Television's Stephanie Ruhle at an investors conference in New York.
Texas-based browser security company Quarri raised USD2.35 million in its first funding round today to improve its products, expand internationally, and add more people to its workforce.
Charter Communications was reportedly nearing an agreement with investment banks to borrow money for its bid for Time Warner Cable Inc. Charter has held talks with Bank of America Corp., Barclays Plc and Deutsche Bank AG.
Wevorce has announced that it has received USD1.7 million in new seed funding from investors such as Foundation Capital and Sam Altman. This brings the startup's total funding, which launched out of Y Combinator last March 2013, to USD2 million.
Clothing retailer Vince Holdings showed that fashion is still hot among public investors as it prices its shares one dollar above marketing range in its public debut.