Washington's Papa Murphy is in the process of selecting banks to lead the company's initial public offering set later this year.

Hudson's Bay Co said last Monday that they would acquire Saks Inc. for US$16 per share piece in cash including debt.

California-based GridGain Systems gets US $10 million in series B funding from Almaz Capital. GridGain Systems acquired US $10 million from a series B venture funding led by global venture capital firm Almaz Capital.

Lenovo PCs proved to be risky for intelligence and security networks across the world, reports said.

Marlin Equity Partners infused SigmaCare with fresh equity funding. Marlin Equity Partners recently backed SigmaCare with fresh equity funding. No financial details were disclosed, but SigmaCare CEO Steve Pacicco said the funds will be used for expansion.

Two distinct reports from the IDC and Strategy Analytics suggested smaller firms absorbing the top two companies' market share.

Ilya Segalovich died of stomach cancer, according to business partner Arkady Volozh. The man responsible for setting up Russia's largest search engine website died today after losing a long battle with cancer.

Darwin Private Equity bought Esendex for GBP 11 million (USD 16.9 million). Darwin Private Equity acquired Esendex for GBP 11 million (USD 16. 9 million).

Analysts think that Microsoft can regain the throne, but only if restructuring and community policies were employed.

Mozilla released their open source operating system for the mobile called Firefox OS. Mozilla released their offering for the mobile smartphone industry with the Firefox OS.