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Ecommerce startup HubLogix flounders after venture firms pull plug
2015-07-21 21:08:03| Trucking - Topix.net
The future of venture-backed HubLogix is uncertain after the e-commerce startup's investors chose to quit funding it. HubLogix jettisoned about 25 jobs employees, including the sales and marketing team, and is operating with about seven employees, a source said.
Ecommerce startup HubLogix flounders after venture firms pull plug
2015-07-21 20:56:18| Air Courier - Topix.net
The future of venture-backed HubLogix is uncertain after the e-commerce startup's investors chose to quit funding it. HubLogix jettisoned about 25 jobs employees, including the sales and marketing team, and is operating with about seven employees, a source said.
Oil Search upgrades output forecast as PNG LNG venture
2015-07-21 03:20:45| Oil & Gas - Topix.net
Record quarterly production has softened the impact of plunging liquefied natural gas prices for Oil Search and driven an upgrade to its full-year output forecast as the $US19 billion Papua New Guinea LNG project performs above expectations. Oil Search said on Tuesday that based on strong performance in the first half of 2015, it had increased its full-year production guidance by about 1 million barrels of oil equivalent to between 27 million and 29 million boe.
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venture
New, $50 million venture fund opens to help NJ entrepreneurs
2015-07-21 00:56:53| IT Services - Topix.net
The effort to reinvigorate New Jersey's economy from the ground up by supporting entrepreneurs and start-up companies got a boost Monday with the announcement of a new business accelerator backed by a $50 million fund. The accelerator was unveiled at the Newark headquarters of Audible, the audio book producer, whose founder, Donald Katz, is one of the main initiators of the effort, at a press conference studded with business and political heavyweights.
Newark Venture Fund Seeks $50M to Put New Jersey City on Startup Map
2015-07-20 07:50:54| IT Services - Topix.net
A new accelerator and early-stage venture fund, targeted at $50 million, are coming to Newark, N.J., a place so close to the startup hub of New York, yet, in many ways, so far. The goal of the supporters of Newark Venture Partners and its sister entity Newark Venture Accelerator, which will start accepting startups in October, is to create a substantial technology industry in the city.
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