VENTURE CAPITAL POST

The Northeastern coast of the USA could be struck by more frequent and more powerful hurricanes in the future due to shifting weather patterns, according to new research.

Amazon, among retailers, has started offering full refunds for hoverboards in US and Canada ahead of growing concerns for reported fire incidences. CPSC is investigating two wheeler balance boards manufactured by 13 companies. Earlier, the retailing giant has offered refund for the UK customers. Intriguingly, hover boards of different manufacturers are still being sold amidst offering refunds.

Finnish telecoms network gear maker Nokia said on Monday that it had closed the acquisition of U.S. -based SAC Wireless and that it expected clear revenue synergies from the purchase.

Jacksonville, US-based domestic trucking and international shipping firm Momentum Transportation USA Inc acquired JIX International Freight Services for an undisclosed amount to expand its worldwide operations.

Menlo Park, California-based security startup Adallom bagged $15 million in a Series B funding round led by Index Ventures to boost its sales presence and development projects.

Forrester Research Inc said concerns regarding the Prism spy project of the US National Security Agency could cost US companies USD180 million worth of business in the IT service market.

Shanghai Securities News said the Ministry of Public Security and a cabinet-level research center of China were preparing to investigate on EMC Corp, IBM Corp and Oracle Corp over security concerns.

Microsoft announced it would add new commercial distribution partners in 17 countries for the company's Surface tablets.

Facebook revealed the number of daily users from the US and UK to attract advertisers in spending more money in the social network.

Russian pleaded not guilty to charges that accuse him of being a part of the biggest cybercrime ring prosecuted in the US.

The personal genomic and biotechnology corporation in the US would target people's DNA by selling their genetic information for US$99.

Analysts said that if Nintendo's sales continue to drop, it would need to consider putting its games in app stores.

The US State Department announced an international travel alert for terrorist attacks in the Middle East, North Africa and South Asia.

Samsung launched its newest smartphone in the US, Apple's home market, and then opened a research and development center in Nokia's home, Finland.

The users of Instagram complained about a hack that posted photos of smoothies and fruits to their accounts.