Illinois, US-based book retailing giant Barnes & Noble confirmed that it eliminated jobs across the company, but denied eliminating their Nook hardware engineering division, contrary to a report from Business Insider.
Sectors
California's Oculus VR receives The Crunchie for being the Best Hardware Startup
Irvine, US-based startup Oculus VR took home the award for the Best Hardware Startup of the year during the 7th Annual Crunchies of TechCrunch for its breakthrough Oculus Rift VR headset.
KKR & Co liquidates two funds focused on individual investors
Private equity giant KKR will be withdrawing two funds targeted for individual investors, a move that is seen as a blow to its efforts to grow its product offerings beyond institutional investors, Reuters reported.
Goldman Sachs to host 'Technology and Internet Conference' with Tech industry's biggest and brightest
The "Technology and Internet Conference" of Goldman Sachs will be launched on Tuesday, February 11, 2014 with the best companies from the public and private sector as its attendees, TechCrunch reported.
BBM executive Andrew Bocking exits BlackBerry
Andrew Bocking, the Executive Vice President of BBM, exited Ontario, Canada-based smartphone and enterprise software maker BlackBerry, with the said division to be folded into Global Enterprise Solutions under the leadership of John Sims.
Latest News
Google announced today that its media streaming dongle, Chromecast, now supports YouTube videos that are embedded on the page, eliminating the need to navigate to the YouTube site or mobile app in order to flick videos to the TV screen.
iCitizen Corp, a politics-focused startup, endeavors to keep people in the loop about political issues and legislation using its mobile app, Venture Capital Dispatch reported.
San Francisco, US-based startup Super.cc was launched by Aviary co-founder Michael Galpert to provide an automated way for busy people to add meetings, appointments, and other events to calendars and send out invites.
Planetary Ventures, the shell firm that Google infrequently uses for its real estate deals, has won the right to lease Moffett Field and Hangar One.
Teen apparel retailer Aeropostale, which had posted losses for four straight quarters, is reportedly mulling over a capital increase from private equity investors. Should the teen apparel retailer decide to raise capital, Aeropostale may do it via a private investment in public equity (PIPE) deal.
San Francisco, US-based big data startup Splice Machine raised $15 million in a Series B funding round led by Interwest Partners for the marketing and development of its database that can make Hadoop run in real time.
Microsoft will soon be renaming its cloud storage service to OneDrive with the tech giant potentially giving incentives like added free storage to encourage users to use the service, TechCrunch reported.
Private equity firms, including General Atlantic Partners, Actis Capital, Baring Private Equity Partners Asia and Apax Partners, are reportedly in talks with the principal owners of Credit Analysis and Research Ltd. CARE's top three shareholders are seeking to divest a 32% to 38% stake in the credit ratings company.
PlaceIQ has raised $15 million for its Series C financing round led by Harmony Partners and participated in by new investor Iris Capital as well as its previous backers in its Series B round, TechCrunch reported.
