IFC infuses US $50 million in Credit Suisse Mexico Credit Opportunities Trust, bringing the trust’s total capital to US $550 million.
Sectors
DLF sells stake on insurance company to Dewan Housing
India's DLF sells its shares in DLF Pramerica Life Insurance Company to Dewan Housing Finance Corp.
The internet is for porn - Google Glass app developer
An adult content app developer argued that there are no rules regarding users uploading adult content using the Google Glass.
Facebook stock soars due to mobile ads
Mobile advertisements amounted 41% of the company's total ad earnings. Yesterday's results ended concerns regarding Facebook's inability to adapt with users' usage of mobile devices rather than personal computers.
New investors gain Prolexic series C financing
Prolexic Technologies raises US $30 million in series C financing led by new investors. Prolexic Technologies, a specialist in Distributed Denial of Service (DDoS) protection, raised US $30 million in series C funding led by Trident Capital and Intel Capital.
Latest News
Solar Frontier released their Solacis neo module today with a tagline saying that it is "thinner than the iPhone 5."
Adzuna has launched Jobsworth, a tool that gives a salary estimate of every job advertised. Classifieds search engine Adzuna has announced the launching of Jobsworth, a tool that enables users to view the salary estimate of any job advertised.
Investors said that Microsoft's stock performance was "sub-par". After its quarterly earnings release last Thursday, Microsoft stock decreased by almost 10% of its value.
Yesterday, Microsoft said that it will be using a 67-year old law to fight botnets. Using a law which dates back almost 70 years, giant tech company Microsoft announced today that it will be charging forward in the industry's long battle against spam bots.
Bunge Ltd. suffered a 50% drop in its second-quarter earnings compared to last year's figures.
Amazon was expected to release a report that would signify growth ranging from US$14.5 billion to US$16.2 billion.
Warner Chilcott has received FDA approval for oral contraceptive LO Minastrin FE. LO Minastrin FE, a chewable oral contraceptive made by Warner Chilcott PLC, has received the stamp of approval from the US Food and Drug Administration.
According to analysts, Apple Inc would only cut US$50 on the original price of iPhone so that it could maintain gross margins range of 36%-37%.
Apple bought back three times more share than expected. Apple recently had a major share buyback spree. The company bought back 36 million shares instead of the scheduled 10 million.
