California-based cloud and mobile testing company Soasta Inc announced that it was able to raise a total of USD 30 million in growth-stage funds.
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Huawei offers new line of switches to challenge Cisco
The Smartphone-like network of switches would be offered by Huawei in October to boost its market share and challenge its rival, Cisco.
China Railway Corporation boosts annual investment to CNY 660 billion
State-owned China Railway Corporation announced that it will boost its investment in fixed assets this year to CNY 660 billion.
Android smartphones continue to reign as iPhone, BlackBerry plunge
Android-powered smartphones continued to reign with its growing market share while iPhone and BlackBerry's sales plunged in the second quarter.
Chong Hing Bank receives M&A offer: sources
Sources told Reuters that Hong Kong-based Chong Hing Bank Ltd has received a potential merger and acquisition offer from a firm controlled by the Guangzhou city government.
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Texas-based private equity firm TPG Capital was able to get the approval of its investors for a time extension to invest their money.
Apple turned things around and sought for Samsung phone sales ban in its home market. Apple Inc is currently trying to force the mobile devices of Samsung Electronics Co.
PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.
GlaxoSmithKline (GSK), the biggest pharmaceutical firm in Britain, launched a USD 50 million venture capital fund for bioelectronic medicines and technologies.
Demand Media's total revenue growth slowed to 9% to US$101.1 million due to changes at Google. On Wednesday, Demand Media said its aggregate year on year revenue growth slowed to 9% during the second quarter to US$101.
BMC cut its leveraged buyout loans from US$4.2 billion to US$3.5 billion and boosted sale of bonds from US$1.38 billion to US$1.63 billion.
Fusion-io posted a large quarterly loss due to advertising costs and expenditures associated with the absorption of NexGen Storage's workers.
BMC Software Inc raised US$1.63 billion of dollar denominated debt after boosting the offering by 18%.
Russia-based telecommunications operator MegaFon announced that it would be acquiring Scartel, the only 4G provider in the country for USD 1.2 billion.
