Twitter IPO Seeks to Raise $1 Billion

Twitter’s value to the business community as a networking and marketing tool is well known. But its value to investors remains to be seen. In filings recently with the Federal Securities Exchange Commission, the company says it will try to raise $1 billion with its initial public offering of Twitter stock. That’s pretty aggressive for aRead More

Amazon to Buy US Grocer Whole Foods Market for $13.7 Billion

HIGHLIGHTS Amazon to acquire Whole Foods Market for $13.7 billion Whole Foods Market will continue to operate stores under its brand The deal is expected to close in the second half of 2017 Online juggernaut Amazon is buying Whole Foods in a deal valued at about $13.7 billion (approximately Rs. 88,300 crore), a strong moveRead More

De Beers: US Diamond Jewelry Demand Hits High of $41 Billion

(IDEX Online) – Total diamond jewelry demand from US consumers increased 4.4 percent in 2016 to exceed $40 billion for the first time, according to industry insight data published today by De Beers Group.   While slower US GDP growth in the first quarter of 2017 is likely to have impacted diamond jewelry demand inRead More

Apple Says Developers Earned Over $70 Billion Since App Store’s Launch

HIGHLIGHTS Apple made the announcement on Thursday Photo and Video category is fastest growing category on App Store Apple’s WWDC 2017 kicks off next week Apple on Thursday, few days ahead of its Worldwide Developers Conference (WWDC) kickoff, announced that its global developer community has earned over $70 billion through the App Store since itsRead More