Texas, US-based electronics retail franchise chain RadioShack announced the closure of 1,100 out of its 4,000 stores across the US in a bid to save the company after a massive revenue loss over the holidays.
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Warren Buffet's uncertainty over succession plans worries investors
Warren Buffet has sought to bolster investor confidence about how Berkshire Hathaway will perform after he leaves the company but the lack of a succession plan has concerned investors, Reuters reported.
Poland-based SALESmanago secures $1.7M in round led by Rafał Brzoska
SALESmanago, an online marketing automation platform provided by marketing software company Benhauer, has raised $1.7 million in a funding round led by InPost Founder Rafał Brzoska, TechCrunch reported.
Chinese pet e-commerce site Boqii lands $25M in Series B funding
Shanghai, China-based pet e-commerce site Boqii landed $25 million in a Series B funding led by undisclosed US investors to fuel its brand building and expansion efforts.
California analytics startups Reflektion scores $8M in second financing round
San Mateo, US-based predictive analytics startup Reflektion scored $8 million in its second funding round led by Intel Capital and Nike to ramp up its sales and marketing activities.
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HealthCare Royalty Partners was the lead investor in the Series E funding round of advanced medical devices maker Invuity Inc which raised $36 million, a statement about the funding said.
Conference calling service Speek secured $5.1 million from its Series A round which included the earlier round which raised $2.7 million in convertible notes raised before, TechCrunch reported.
France-based electronic trading applications provider Ullink has received a majority investment from Europe-focused private equity firm HgCapital. Financial details were not disclosed in the statement about the funding.
The launching of ChinaSo, reportedly being run by Xinhua's vice president, represents another attempt by the Chinese government to have its own state-run search engine, TechCrunch reported.
Dublin, Ireland-based over-the-counter (OTC) drug manufacturer Perrigo Company PLC picked up a set of products being marketed in Australia and New Zealand from South African firm Aspen Global Inc in a $51-million cash deal.
Dukosi, the Scottish technology firm that developed the Electric Vehicle Optimization Integrated Circuit, secured £320,000 to help finance the commercial roll out of its smart chip geared towards electric vehicles, the Herald Scotland reported.
Aalborg, Denmark-based game developer Interceptor Entertainment acquired Texas, US-based video game publisher 3D Realms (Apogee Software Ltd), the creator of Duke Nukem, for an undisclosed amount.
New Zealand Venture Investment Fund Chief Executive Officer Franceska Banga thinks that the rule change permitting equity crowdfunding in New Zealand is a positive development, Fairfax NZ News reported.
As opposed to the move that other countries are taking, the British government is planning to ditch the tax levied on Bitcoin trading, but the cryptocurrency will still be subjected to corporation and other taxes.
