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The Daily Startup: XTuit Pharmaceuticals Raises $22M for Cancer Treatment

2015-06-11 18:42:01| IT Services - Topix.net

The typical fight against cancer is to battle the tumor. The startup XTuit Pharmaceuticals has emerged with a different strategy: to restore normal function to cells that are hijacked by the disease, Brian Gormley reports for Dow Jones VentureWire.

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Barclays Raises Mohawk Industries Price Target to $220.00

2015-06-10 21:15:49| Industrial Machines - Topix.net

The firm currently has an "overweight" rating on the stock. Barclays' price target indicates a potential upside of 17.68% from the stock's previous close.

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Spotify Raises $500 Million in Apple Battle

2015-06-10 16:21:28| IT Services - Topix.net

Music-streaming company Spotify Ltd. has raised $526 million in a fundraising that values it at $8.53 billion, according to a person familiar with the matter, as investors bet it can fend off a new threat from Apple Inc. The fundraising attracted investment from a number of investment funds in Europe and the U.S. and included a $115 million investment from Nordic telecom operator TeliaSonera AB, which said the two companies would work together on areas such as media distribution, data analytics and advertising.

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Spotify raises USD 526 mln, sells stake to TeliaSonera

2015-06-10 10:03:00| Telecompaper Headlines

(Telecompaper) TeliaSonera said it has made an equity investment into Spotify of USD 115 million and that it has extended its cooperation with the music streaming company after working together five years. Under the new strategic partnership, TeliaSonera paid USD 115 million for a 1.4 percent stake. Both companies are also committing resources, staff and other assets to ignite their joint innovation agenda within areas such as media distribution, customer insights, data analytics and advertising. A joint TeliaSonera-Spotify team will be set up to run the projects. Spotify recently raised USD 526 million during its latest funding round, the Wall Street Journal reported. The round values the company at USD 8.53 billion, sources said. Spotify wants to invest in expansion and new forms of content as it faces a growing set of challengers.

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INTERVIEW: Levi Strauss raises the bar on sustainability

2015-06-09 15:42:00| Daily apparel & textile news and comment - from just-style.com

"We're best when we're leading and pioneering," is Michael Kobori's take on denim giant Levi Strauss & Co's responsibility in ensuring it has an ethical supply chain. But it is competition, he believes, more so than collaboration, that really raises the bar when it comes to sustainability.

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