VENTURE CAPITAL POST

Lumber Liquidators won a civil case, which had alleged the company for violating a state law in California that urges companies to report warnings regarding the possible harmful substances in their products.

Wal-Mart pledged not to sell eggs from caged hens by the year 2015. It supports the advocacy of the well treatment of the fowls assuring it has enough food and space to roam around and free from mental distress that result in more egg production.

US oil prices gained 5.18 percent owing to an unexpected drop in domestic crude stockpiles. US crude stocks eased by 4.9 million barrels last week as imported declined.

Samsung is establishing itself as India’s number one smartphone manufacturer. The company credits strong sales for its new series of mid-tier products with new special features.

HERE was a Nokia map service purchased by German car makers consortium last year. This Wednesday, Daimler confirmed Microsoft and Amazon is in talks with the consortium.

Nvidia has unveiled its first supercomputer, DGX-1, which uses both alternative intelligence and deep learning technology. The supercomputer, costing around $129,000, by no mean suggests that newer technologies will become cheaper. However, the new GPU has been welcomed by the researchers and potential users considering its widespread prospect.

United States Justice Department has prepared a lawsuit to block acquisition of Baker Hughes. Halliburton took over the company in November 2014.

Intel announced the acquisition of Italian semiconductor company on April 5. Yogitech will enhance Intel's Advanced Driver Assistance Systems (ADAS) technology.

The world’s first fully autonomous taxis might be hitting the streets of Singapore earlier than other cities. An MIT-supported startup is dedicated to develop a technology to achieve that, and is now seeking for approval for pilot program.

The Royal Bank of Canada has released an official statement, explaining that the bank is not guilty for any illegal activities including tax evasion in connection to shell company set up as mentioned in leaked papers from Panama’s Mossack Fonseca. The bank claimed to have high standards to ensure clients would not use its services to evade tax.

French government offered an old nuclear plant site for Tesla to build its electric car manufacturing facility. The plant site is shutting down and Tesla’s existence could help support local residents with jobs.

Advocacy groups heavily criticized the draft as it allows company to hide their activities. Meanwhile, Iceland Prime Minister has resigned following protest over Panama leaks.

Alibaba is now the new world's largest retail company beating Wal-Mart. Figures might not show it yet but with the company's SEC filing it is measured by Gross Merchandise Volume where Alibaba exceeded Wal-Mart's reported 2015 revenue for its fiscal year ending January 31st.

Yahoo Inc’s revenues may drop by 15 percent for 2016 year, while earnings are also predicted to tumble 20 percent. The global internet company is expected to slash jobs by 1,500 to 9,000 in 2016.

The Carmichael coal mine run by the Indian company Adani, has been granted three licenses to mine in the heart of Queensland. Due to the devastation that it could bring to the Great Barrier Reef, many environmentalists criticized the government's approval to the coal mine project.