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Bernard Raises $11M for Lofts at Merchants Row

2013-02-24 07:11:00| National Real Estate Investor

The properties are part of the resurgence of Detroits Campus Martius area.

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Wine festival auction for Children's Hospital raises $5 million

2013-02-24 05:20:12| Agriculture - Topix.net

Joe Anderson, of Benovia Winery in California, had been a contributor to the Southwest Florida Food and Wine Fest and Golisano Children's Hospital for years before he became a beneficary.

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HP beats expectations, raises outlook

2013-02-21 23:01:24| CNET News.com

CEO Meg Whitman notes that HP "still has a lot of work to do to generate the kind of growth we want to see," but "we expect the benefits from our restructuring will accelerate through fiscal 2013." [Read more]

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Pinterest raises USD 200 million, valued at USD 2.5 billion

2013-02-21 09:24:00| Telecompaper Headlines

(Telecompaper) Scrapbooking website Pinterest has raised USD 200 million of funding from first time investor Valiant Capital and existing backers Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital. The move values Pinterest at USD 2.5 billion. CEO Ben Silbermann said the investment would give Pinterest more resources to help realise its vision "of helping millions of people discover the things they love". Pinterest allows users to make online collages of 'pinned' photos and videos of their interests. The website is free to use, but the company is studying advertising models and is building relationships with businesses, reports the Wall Street Journal. Pinterest has over 100 employees and most recently raised cash in May 2012, drawing USD 100 million in a round led by Japan's Rakuten e-commerce group and valuing it at USD 1.5 billion.

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LivingSocial raises $110M in funding from current investors

2013-02-20 17:51:40| CNET News.com

The cash infusion will allow the daily deals site to pursue its "aggressive road map" while buffering it against "unanticipated events or bumps in the road," says CEO Tim O'Shaughnessy. [Read more]

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