Category: Business

Rubikloud scores $37 million investment to bring intelligence to retail industry

The retail industry is one that’s rife for disruption by technology. Under intense pressure from giants like Amazon and Walmart, retailers are often stuck using legacy systems and are ill-equipped to compete using the latest tools. Rubikloud announced a $37 million investment today to help retailers attack the modernization problem

The US government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial

The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal. Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy MoneyGram in April 2017

Airbnb beats big property landlord’s lawsuit in California

A California judge has dismissed Apartment Investment & Management Company’s lawsuit against Airbnb. Last February, Aimco, which owns or manages about 50,000 properties, sued Airbnb, saying that the company is deliberately incentivizing people to breach their leases. Aimco, which filed the lawsuit in both California and Florida state courts, was

Theranos gets $100 million in debt financing to carry it through 2018, with some caveats

Theranos has secured $100 million in debt financing. Yes, someone gave the blood testing company known for handing out questionable test results money. First reported by Business Insider, the company reportedly told investors it had secured the money from Fortress Investment Group, a New York-based private equity firm that was