Taiwanese contract manufacturer Foxconn has made an investment in mobile software maker Cyanogen.   The latest pumping of money had brought a close to the Android OS maker’s $80 million Series C investment round and according to the company, it is “leveraging the investment to accelerate talent hiring and the development of its open OS platform.” Foxxcon is known in the smartphone industry...

India-based E-commerce company Jabong has announced that it would not wind down its website in response to such a move by its rivals.   The company co-founder and managing director Praveen Sinha said, "Today is not the time to make any such move. The main aim of online retail is to provide choice to customers." Any such move would amount to killing the customer base, he further noted,...

Britain-based department store chain Tesco has announced that it would close the remaining six Homeplus stores in the country.   The closure is expected to happen in the cities of Bristol, Bracknell, Nottingham, Denton, Bromborough and Preston by next month. The stores which sold clothing, electrical goods and furniture were included in 43 store closures Tesco revealed in January.  ...

Social network Pinterest has drawn additional $ 186 million in the seventh round of funding, which has brought $ 553 million to the service. Thus, the total number of funds raised amounted to $ 1.3 billion and market capitalization by $ 11 billion. Not bad for the company's five years, which business model is still uncertain. The new round of investment will make the company one of the most...

How to enjoy wine, regardless of its price, and how not to become dependent on price tags Nutritional value and nutritional properties of the products do not affect consumer preferences. Selection of buyers and buying satisfaction depend on their attitudes and expectations, what was found by German scientists. - How do adults get to enjoy wine? Very simple: pour it from an expensive bottle, -...

The program of testing military transport aircrafts Airbus A400M will continue, despite the recent catastrophe in a trial flight in Spain. This was announced on Monday by the representative of the corporation Airbus Defence and Space, the agency France-Presse reports. - We will not suspend our own flight test program, - said the representative of Airbus. Earlier, the suspension of operations of...

The Snowden “revelation” followed by Chinese cyber-security market push has been capitalised by Zhang Long, who successfully branches out his investments from Tea and Furniture to Software: SPGnux. Beijing – 09 May 2015 – The success story of Zhang Long centres on the business of “Pu'er fermented tea and handcrafted furniture”. Zhang comes from south-western part of China wherein his native place...

Japanese Nintendo together with Universal has signed an agreement on joint creation of the theme park, which will use the images of the popular video game producer Nintendo. The Company also records a profit for the first time since 2011 The creative teams of both companies work together on the concept of the future park. It is planned that the attractions will draw in the style and concept of...

Music streaming service Spotify is planning to build its portfolio by adding web video streaming service as well. According to a report in Wall Street Journal, the company is in serious discussions with several digital media players about potential partnerships to enter the web video business. The company is planning to not just stream popular videos but is in discussions to create specialized...