Two new companies are hoping to change the way you buy sports tickets as prices on the secondary market soar. While ShooWin offers options to ensure the most loyal fans aren’t priced out when it comes playoff time, GameHedge is guaranteeing you a good game. The current state of the ticket market has to be…
With the market hoping that the union of two aging cosmetics giants can reinvigorate both companies’ brands, Revlon Inc. is all set to acquire Elizabeth Arden Inc. for about $419 million. New York-based Revlon said that including the debt of Elizabeth Arden, the $14-a-share deal values Elizabeth Arden at about $870 million. A 50 percent…
Philanthropist Bill Gates calls for bringing on the genetically modified mosquitoes. In order to make mosquitoes more resistant to diseases like malaria and dengue, biologists armed with a new gene-editing technology have proposed altering mosquitoes in recent years. The researchers say they can quickly push an alteration through an entire species using a mechanism known…
With the aim of cutting its debts, the remaining stake in a multi-billion dollar development project of 1Malaysia Development Berhad’s (1MDB) was taken over by the Malaysian government through an agreement that was signed very recently between the two parties. 1MDB’s 40 percent holding in the Bandar Malaysia project would now be controlled by the…
Airbnb expects to post a decent profit in this financial year. According to a source close to the company, Airbnb has managed to secure $1 billion in debt financing from a couple of U.S banks so as to aid its news services and expand its finances. According to the source, the U.S banks includes Bank…
Before you jump with joy, do note that you will however not be allowed to uninstall it. Furthermore, in case you have a change of heart, you will have to re-download it from the app store. Apple has confirmed that in its ipcoming iOS 10, users will be able to drop native mobile apps. This…
The discovery could have significant impact on water harvesting technology. Incidentally, fresh water is increasingly becoming a scarce resource. What is funny is that accidental discoveries have sometimes disproportionately large impact. Scientists from the Pacific Northwest National Laboratory have come to discover through a botched experiment that carbon-rich nanorods are ideal materials for harvesting water…
A state owned oil company from Malaysia and a Saudi Arabian Oil Co. has planned to construct refinery and a petrochemical complex in the Southeast Asian nation and the two companies are seeking proposals from banks for a finance of about $7 billion for the planned project, the media said quoting people familiar with the matter.…
To help the home-sharing company Airbnb Inc. to develop new services and fund growth initiatives, a $1 billion debt facility from some of the largest U.S. banks has been secured by the company, sources close to the matter told the media. JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp led the debt…
Another Chinese arrested for economic espionage. Can we ever trust the Chinese? A former IBM software engineer in China has been charged with 6 counts of economic espionage, including the theft of trade secrets. Xu Jiaqiang, a 30 year old former IBM employee has been accused of using his access as a developer to steal…
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