Yankee Candle decides to pursue IPO after an unsuccessful attempt at a private sale. Yankee Candle Co, Madison Dearborn Partners' scented-candle maker unit, decided to forego attempts at a private sale, opting for an initial public offering.
Sectors
Flashnotes gets USD 1.5 million seed funding, acquires NoteUtopia
Flashnotes, a Boston-based start-up engaged in the buying and selling of class materials, had just received USD 1.5 million in seed funds.
Hero MotoCorp Reports 10.7% Net Profit Decline
Indian motorcyle maker Hero MotoCorp experiences fourth straight quarterly decline in net profit. Indian motorcycle company Hero MotoCorp reported a 10.
US home sales on the rise
New sales of homes in the U.S. rose by 8.3% despite higher mortgage rates. Sales of single-family homes in the United States increased by 8. 3% despite higher mortgage rates, the Commerce Department revealed in a Reuters report.
Dell Founder Raises Bid by US $150 Mln
Dell proposes an additional US $150 million to its initial bid. Michael Dell, Dell Inc. founder, increased his initial US $24. 4 billion bid with an additional US $ 150 million Wednesday.
Latest News
According to numerous surveys, Moscow was the ‘most expensive city’ in the whole world. Moscow was dubbed as the "most expensive city" in the entire planet.
A survey reported that millionaires feel wealthy in US$5 million mark. Not all millionaires feel wealthy, according to survey comprised of 4,500 affluent investors conducted by UBS.
The Prince of Cambridge received several notable visitors at Kensington Palace. The Prince of Cambridge left the hospital and spent his first with mom and dad in Kensington Palace.
Kareo, Inc., a medical office software and services company based in California, has bought ECCO Health.
MobileSpaces has acquired USD 8.6 million in Series B funding. Washington-based startup MobileSpaces announced that it acquired USD 8. 6 million from Marker LLC and Accel Partners at the close of its Series B funding round.
Addvocate has closed its Series A funding round with USD 2 million from Rogers Venture Partners and angel investor Karen Riley.
iPhone sales led to 5% increase in AAPL. AAPL, the symbol by which Apple stocks were traded on the stock market, soared. This was after Apple reported higher-than-expected quarterly results.
The pressure is on for Apple to launch new products. Several analysts pointed out that Apple needed to launch new products soon. Now, investors were also becoming concerned about the tech giant's status in the long term.
Latest figures for Apple were released recently. According to Apple's (AAPL) most recent report, the company's third quarter fiscal revenue beat analysts' forecasts, but predicts that this quarter's revenue will settle below expectations.
