Category Archives: Finance
Yahoo! to Acquire Blogging Site Tumblr
Yahoo! Inc. (NASDAQ: YHOO) and Tumblr announced today that they have reached a definitive agreement for Yahoo! to acquire Tumblr. Per the agreement, Tumblr will be independently operated as a separate business. David Karp will remain CEO. Tumblr can deploy
Star Trek Debit Cards for Mobile Banking
CARD.com is introducing Star Trek prepaid debit cards into the U.S. market. The Star Trek prepaid card, under license by CBS Consumer Products, is available at CARD.com/Star-Trek. “We live in a mobile world, and the next generation of banking isn’t
IBM to Open Cloud Lab for Wall Street Clients
Tech company IBM (NYSE: IBM) announced Monday that it plans to open a center of excellence in New York City to help financial services firms adopt open-source virtualization technologies. The KVM Center of Excellence in New York is the second
Silicon Valley Bank Launches Mobile Banking App
Silicon Valley Bank, financial partner to technology and life science companies of all sizes, has launched Apple and Android mobile banking apps for its commercial clients in the US. It was announced Tuesday, March 26. Designed specifically to help Silicon
LG Acquires WebOS from HP to Enhance Smart TV
LG Electronics Inc. has acquired the WebOS operating system technology from HP, the companies announced Monday. To support its next-generation Smart TV technology, LG has entered into a definitive agreement with HP to acquire the source code, associated documentation, engineering
How Digital Video Makes More Sense than TV for Brands
With brand marketers always looking to get the most out of their advertising budgets, the Interactive Advertising Bureau (IAB) today – Feb. 25 – released “A Comprehensive Picture of Digital Video and TV Advertising: Viewing, Budget Share Shift and Effectiveness.”
MasterCard Offers MasterPass for Digital Payments
MasterCard, a technology company in the global payments industry, today introduced MasterPass – saying it is the future of digital payments. MasterPass is a digital service that allows consumers to use any payment card or enabled device to discover enhanced
Jennifer Aniston to Present Living Proof with $30 Million
Living Proof, a technology-based beauty company, has announced the closing of a $30 million financing that will accelerate market expansion of its hair care products, and support the development and commercialization of additional beauty technologies. It is launching a marketing
Mahindra Satyam Takes Stake in Complex IT of Brazil
India’s leading tech services company Mahindra Satyam says it has taken majority stake in Complex IT, a SAP consulting company in Brazil. The terms of the association were not revealed. The announcement was made today, Feb. 15. The move aims
Skylanders Reached $1 Billion in Worldwide Retail Sales
Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard (NASDAQ: ATVI), announced that together Skylanders Spyro’s Adventure and Skylanders Giants have generated more than $1 billion in retail sales worldwide, inclusive of toys and accessories. The franchise reached this
Has Facebook become a Mobile Company?
If you are ready to believe Facebook CEO Mark Zuckerberg, then Facebook has become a mobile company. He said this on Wednesday, Jan. 30, while declaring Facebook’s (NASDAQ: FB) financial results for the fourth quarter and full year ended December
Nokia Commits $250 Million in Venture Funding
Nokia Growth Partners (NGP), a global venture firm, has announced the launch of its third fund with a further US$250 million long term commitment from Nokia. Nokia Growth Partners will continue to invest in high potential businesses within the mobile
Travelers’ Cyber Insurance for Small Businesses
Small businesses may not think they are at risk for cybercrime, but almost 72 percent of the 855 data breaches worldwide analyzed by Verizon’s forensic analysis unit were at companies with 100 employees or less, according to insurance company Travelers.
SapientNitro Acquires iThink to Expand into Latin America
SapientNitro, part of Sapient (NASDAQ: SAPE), today – Jan. 16 – announced its acquisition of 81-percent of iThink, a leading independent digital agency in Brazil, led by Marcelo Tripoli. The move into Brazil marks the expansion of SapientNitro into the
Crowdfunded Film FrackNation Ready for Release
FrackNation, projected as a controversial film that will tell the truth about fracking, will premiere in Manhattan at 7:30 pm ET on Monday, January 7, at the Chelsea Cinema. The red carpet premiere in Manhattan comes as Promised Land, Matt
Infosys Ready to Release Third Quarter Results
India’s leading tech services company Infosys Limited (NYSE: INFY) says it will announce results for its third quarter ending December 31, 2012 on Friday, January 11, 2013, Indian Standard Time (IST) (on the night of Thursday, January 10, 2013, US
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