Rep. Daniel Webster officially announced his bid for House speaker Tuesday morning, giving Republicans three options for their vote later this week on a replacement for retiring Speaker John A. Boehner.
Mr. Webster, a third-term Republican from Florida, joins Rep. Jason Chaffetz, Utah Republican, as challengers hoping to deny the ...
Some downsizing is on the cards for Gilt Groupe, the fashion flash-sales site that has been valued at $1.1 billion. TechCrunch has learned that the company is cutting 45 jobs, including its CMO Clay Cowan and head of international business Marshall Porter, as it tries to turn profitable by next year. TechCrunch first heard of the layoffs from two sources before confirming the details with…
Since the beginning of modern agriculture, farmers and entrepreneurs alike have been sharpening their focus and looking at ways to apply technology to compensate for the mercurial behavior of Mother Nature and the vagaries of food prices and government policies. Now, in the second millennium, we are challenged in new ways to increase productivity while minimizing inputs, managing costs and…
Enterprise storage company Pure Storage has raised $425 million after pricing its IPO on the NYSE at $17 per share, reports the Wall Street Journal. The company is trading under the ticker, "PSTG." The Mountain View-based company competes with Dell, EMC, HP and others to provide flash storage products for businesses. Pure Storage warned in its filing that some of its…
Robin Systems, a service that essentially makes it easier for businesses to set up a data-centric high-performance IT infrastructure, today announced that it has raised a $15 million funding round led by a subsidiary of USAA and DN Capital, with participation from Hasso Plattner Ventures and other existing investors. This round brings Robin System's total funding to $22 million. In…
Facebook wants to see the relationship between its site and live TV content grow even more interconnected. The idea of the "second screen" where people engage with live TV events via companion social networking tools seemed to be the talk of the town several years ago when marketing professionals were eyeing the seemingly limitless future of social media. Fast forward a bit and…
Code42, the Minneapolis-based developers of the Crashplan enterprise backup tool, announced a massive $85 million round today. Code42 doesn't do them small. It has had only one previous round for $52.5 million at the beginning of 2012. The company could have gotten more if it wanted it, according to CEO Joe Payne. "This was the amount of money we needed for the next stage of…
As part of Internet.org, its initiative to bring billions of people around the world online, Facebook will partner with Eutelsat to launch a new satellite that will provide Internet access to parts of Sub-Saharan Africa. Internet.org's network infrastructure already includes drones and a laser communication system that are now undergoing lab tests, but this is its first project to…