The huge amounts of funds being sunk into the tech sector have necessitated for bigger war chest. Sources familiar with Sequoia Capital’s plans have disclosed that the early investor, who had invested in global tech giants including Apple and Google at their infancy, aims to raise $8 billion from...

Online retailer Amazon, Warren Buffett’s Holding Berkshire Hathaway and JPMorgan Bank will join together to create a new company in the healthcare sector. The parties made their public decision in a joint statement. The goal is to reduce spending on health care and improve the service for employees...

Samsung Electronics and LG Electronics has hoped to avoid the outcome of “America First” manufacturing and jobs mantra of President Donald Trump when the South Korean companies announced plans last year to set up home appliance factories in the United States.   But that does not appear to be...

‘New tax rate’ of Pfizer exceeds investors’ expectations and pulls down its shares. Pfizer Inc reported that the company is expected to make an adjusted tax payment of “about 17 percent this year”, whereby putting the tax margin “higher” than some of the investors’ expectation. As a result, the...

A few days before the start of ICO of Experty project, hackers stole $ 150 thousand from potential investors, reports Finance Magnates. The attackers took advantage of the fact that one of the organizers gathered information about the participants in the program of proof-of-care, to make sure that...

Volkswagen CEO Matthias Müller said he was "stunned" by reports that the automaker had sponsored tests in which monkeys and people were exposed to toxic diesel emissions, Reuters reports. Just two years after the scandal with falsification of emission data, which was dubbed "Dieselgate", Volkswagen...

Very soon music streaming companies like Spotify and Apple Inc. would have to pay more to songwriters and music publishers in royalty payments. This was decided upon by the U.S. copyright authorities. The increased payments are to be progressively implemented over the next five years. This...

There seems to be a very accessible way to track the next big move for Bitcoin, says the first analyst to follow the cryptocurrency.   The key is to look into Google search and wallet growth, said DataTrek Research's co-Founder, Nick Colas, recently.   "By looking at the number of...

The deal is another sign of M&A activity in the global biotech sector. Earlier, Ablynx rejected a purchase offer for € 2.6 billion from the Danish Novo Nordisk. Sanofi will pay € 45 per share in cash to Ablynx with a 21.2% premium on the closing price on Friday. The French company said that...