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As G20 chases growth goal, members differ on how to get there

20 Sep

US Treasury Secretary Lew stands with his Australian counterpart Hockey during a media conference at the start of the G20 Finance Ministers and Central Bank Governors meeting in the northern Australian city of CairnsBy Lincoln Feast and Gernot Heller CAIRNS Australia (Reuters) – Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate stimulus. Opening a meeting of G20 finance ministers and central bankers, Australian Treasurer Joe Hockey outlined on Saturday an ambitious agenda of boosting world growth, fireproofing the global banking system and closing tax loopholes for giant multinationals. …

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Alibaba expected to jump more than 25 percent in trading debut

19 Sep

Alibaba employees applaud as the opening bell of the New York Stock Exchange is rung, before the initial public offering (IPO) of Alibaba Group Holding Ltd under the ticker "BABA" in New YorkBy Liana B. Baker, Ryan Vlastelica and Jessica Toonkel NEW YORK (Reuters) – Alibaba Group Holding Ltd’s shares are expected to surge in their first day of trading on Friday as many investors that received fewer shares than they had hoped lined up orders to buy what looks likely to be the largest IPO in history. Floor traders at the New York Stock Exchange were getting set for the stock to begin trading. Early indications were for the stock to begin trading between $84 and $87 a share, about a 25 percent jump from its $68 initial public offering price. …

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Festicket Raises $2.7M Series A

19 Sep

A UK startup, called Festicket, has raised $2.7 million in Series A. Festicket offers travel booking and discovery for those who enjoy attending festivals of all kinds. The startup hopes to make going to a festival as easy as booking a vacation package. This will include tickets, transportation, and accommodations. Read more here!

photo Festicket, the UK startup that offers a travel booking and discovery site for festival goers, has closed a $2.7 million Series A round. The new funding, which adds to a $680,000 seed round raised in March 2013, is being led by European VCs, Wellington Partners and PROfounders Capital. Previous investors, Windcrest Partners, Playfair Capital, and Jacques-Antoine Granjon (founder of. Read More

Source: http://techcrunch.com/2014/09/11/festicket-series-a/ncid=rss

 
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When Plan to Help Others Sell in China Fails, a Start-Up Changes Tack

18 Sep

Export Now was created as an easy, low-cost way for American businesses to export to China, but when that didn’t work, the company took a new tack.

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S&P nears record as Fed support boosts Wall Street

18 Sep

Traders work on the floor of the New York Stock ExchangeBy Rodrigo Campos NEW YORK (Reuters) – U.S. stocks were higher in morning trading on Thursday, with the S&P 500 brushing against resistance at a record peak, a day after the U.S. Federal Reserve renewed its commitment to keeping interest rates low. The Fed said Wednesday at the conclusion of a two-day policy meeting it would keep interest rates near zero for a “considerable time,” language supportive of equities which had been expected by some to be dropped from the statement. The Dow industrials closed Wednesday at a record high with the S&P coming within a point of its intraday record. …

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Fed may hint on rate-hike plan as it prepares for policy turn

17 Sep

Sun rises to the east of the U.S. Federal Reserve building in WashingtonBy Michael Flaherty WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus. Although a tightening of monetary policy is not expected until mid-2015, the central bank could use a policy statement on Wednesday to lay important groundwork. In particular, speculation is rife the policy-setting Federal Open Market Committee may change its guidance on how long it is likely to keep rates near zero. …

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Tiiny App Shares Little Photos for 24 Hours

17 Sep

Kevin Rose, founder of Digg, Milk, and Revision3, has now left Google Ventures to start a mobile development company called North. The company’s first app, Tiiny, lets you share a thumbnail-sized image or GIF to a grid of photographs that will disappear in 24 hours. Find out more about the new company’s plans and the new pp here!

Screen Shot 2014-09-11 at 1.43.51 PM Digg, Milk, and Revision3 founder Kevin Rose recently left Google Ventures to start a new mobile development house called North, and now we have some details on the firm’s first app, Tiiny, which will launch soon. The basic idea is that Tiiny lets you share thumbnail-sized photos and animated GIFs to a grid of pics on your friends’ phones, and they disappear 24 hours later. Rather. Read More

Source: http://techcrunch.com/2014/09/11/kevin-roses-new-app-tiiny-lets-you-share-little-photos-that-disappear-in-24-hours/ncid=rss

 
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Energy sector shows signs of life after selloff

16 Sep

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Energy shares were trading higher on Wall Street Tuesday, putting the S&P energy index on track for a second straight day of gains as oil prices showed signs of stabilizing. Brent crude climbed above $98 after hitting a 26-month low in the prior session while U.S. crude gained 78 cents to $93.70 on the possibility of an output cut from OPEC. After reaching an all-time high of 737.09 on June 23, the S&P energy index slumped 8 percent through Friday as Brent crude tumbled on demand concerns from a high of over $115 a barrel in June. …

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Biotechs on track for third straight decline as Gilead drags

15 Sep

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Biotech stocks were tracking for their third straight decline on Monday, weighed down by a drop in Gilead Sciences after the latest developments regarding its hepatitis C drug. Shares of the drugmaker were trading down 2.1 percent to $101.45 after Gilead said the next version of the drug, which drew criticism for its previous cost of $84,000, would become more expensive. …

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Early Startups Offered $100,000 in Cloud Credits by Google

15 Sep

Google is offering $100,000 in Cloud Platform credits for a year to startup companies that are in the early stages. Google’s senior vice president sent these offers as part of Google’s Cloud Platform for Startups initiative. The program aims to help developers focus on code and not have to worry about managing the infrastructure. Find out more here!

PRY_22 If you are an early stage startup, Google wants to give you $100,000 in Cloud Platform credits for one year so you can host your applications on its servers (and not on AWS or Azure). This offer is part of Google’s Cloud Platform for Startups initiative, a new program the company’s senior vice president for its technical infrastructure Urs Hölzle announced at the Google for. Read More

Source: http://techcrunch.com/2014/09/12/google-offers-early-stage-startups-100000-in-cloud-platform-credits-for-1-year/ncid=rss

 
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