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General news

Startup Acquisitions Hit Ten-Year Low

The number of startups purchased in the second quarter of this year by other companies hit its lowest point in 10 years, according to an NVCA report.
General news

Global IT Spending to Plunge Lower

Spending on information technology worldwide is forecast to decline even lower than previously expected, according to an industry researcher.
General news, Finance

Facebook Friends New CFO

The world's leading social-networking Web site announces it has picked a former Genentech exec as its new CFO.
General news, Finance

Hotmail Co-founder Snaps Up Jaxtr

Web-conferencing company Sabse Technologies, formed by Hotmail co-founder Sabeer Bhatia, agrees to buy the Internet phone startup for an undisclosed sum.
General news, Finance

RIM Dials Up Dash Navigation Deal

BlackBerry maker agrees to acquire Dash, a Mountain View, California, startup that makes GPS maps.
General news, Finance

Intel Grabs Wind River Systems

Chip giant announces a nearly $900 million cash acquisition of software company Wind River Systems, whose shares jump 44 percent following the news.
General news

NVCA Rolls Up Sleeves to Fix Industry

National Venture Capital Association announces set of recommendations aimed to improve IPO conditions for startups and VCs.
General news

Intel Slashes Work Force

A week after the world's largest chip maker announced a mind-blowing 90 percent profit drop, the Santa Clara, California, company announces plans to cut 5,000 employees.
Finance

Apptera Snatches Yahoo Exec and $10.5 Million

Mobile advertising startup Apptera closes a $10.5 million funding round led by Alloy Ventures, Lightspeed Venture Partners, and Walden International.
General news, Internet, Finance

Online Retailers Feel the Pain, Too

Consumer spending on the Internet only grew 1 percent in October, showing the worst growth since 2001, according to comScore.
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