VENTURE CAPITAL POST

Yobie Bejamin, the former Chief Technology Officer (CTO) of Citigroup, raised $1 million on via crowdfunding platform Kickstarter for hardware startup Avegant's new kind of headset called Glyph.

Seoul, South Korea-based startup investor Samsung Ventures invested an undisclosed amount in Michigan, US-based nanotech firm XG Sciences to co-develop more advanced batteries for consumer electronics.

Arkansas, US-based meat processing company Tyson Foods acquired the assets of Warren, Michigan-based pizzeria Bosco's Pizza Co for an undisclosed sum, as part of its plan to expand its domestic food business.

Michigan, US-based multinational food manufacturing firm Kellogg Company is pouring in $130 million (MYR428.2 million) in a new manufacturing plant in Malaysia to expand in the Asia-Pacific region.

Michigan-based community bank United Bank & Trust (UB&T) is set to merge with Indiana-based financial holding firm Old National bank sometime this summer in a deal valued at $173.1 million.

US-based contract research firm CEN Biotech will invest $12 million to build a high-security medical marijuana facility in Lakeshore, Canada in a bid to start a new industry in the region.

Cyprotex, a drug testing company based in the UK, on Thursday announced that it had purchased American rival CeeTox. Cyprotex will initially pay £630,000 to the North American Science Associates for CeeTox.

US-based oil and gas company BreitBurn Energy Partners LP has announced a definitive agreement to acquire oil and gas properties in Texas' Permian Basin for an estimated $282 million.

General Motors (GM) is investing USD11 million to build a new source of energy for its Fort Wayne Assembly Plant, a move that will save the company USD5 million a year.

Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.

America's Motor City files for bankruptcy due to the decline in population and financial mismanagement.

Huron Capital Partners announced that it had raised up to US$500 million for new investments in high-potential growth companies.

Michigan Angel Fund invested in BioPhotonics, a company that automated the procedure of shaping and squeezing ultrashort laser pulses.

Stinger Medical and Enovate merge to become the biggest provider of transportable clinical workplace in the US.