VENTURE CAPITAL POST

Popular photo sharing service Snapchat turned down a USD3 billion acquisition bid from social media giant Facebook, saying the company will not start considering offers until next year.

Industrial manufacturer L.B. Foster announced the acquisition of custom pipe coatings company Ball Winch Pipeline Services LLC.

JP Morgan Chase & Co, the biggest bank in the US, would cut lending to some businesses as risks confronted the bank's reputation, said a report from the Wall Street Journal.

Reports said the recent changes to Gmail upset several retailers and marketers with already a 1% plunge in the number of opened emails.

Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.

The Wall Street Journal reported that Acer would retreat from using Windows and embrace the Android operating system for its mobile devices.

Apple lessened its budget for retail store supplies like pens and papers by 30% and reduced costs for employee trainings.

According to a Wall Street Journal report, Carlyle Group seeks a hefty US$4 billion property fund, the biggest property fund since the financial crisis once gotten successfully.

According to Wall Street Journal, MakerBot, a 3D printer maker is in discussions to sell itself.