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Pelago raises $15 million
The international expansion comes early in Whrrl's life cycle, as the company has yet to actively promote the service in North America.
It introduced Whrrl -- a mobile city guide of sorts that also allows cell phone users to pinpoint their friends' locations on a map -- in October. Whrrl is still in testing, with the company declining to disclose the number of downloads.
But two of the company's new backers are well-positioned to help with the new international push -- Deutsche Telekom's T-Mobile unit and Reliance Technology Ventures of India. Other investors in the round, which follows a $7.4 million financing in 2006, are DAG Ventures, Kleiner Perkins Caufield & Byers, Trilogy Equity Partners and Bezos Expeditions.
Jeff Holden, the former Amazon.com executive who co-founded Pelago, said the company wanted to move quickly into international markets before competition arrives. more
Better safe than sorry
Small to micro businesses just starting up or in their first year of trade might consider using PayPal as their online payment system, says small business lecturer and IT expert, Andrew Thornberry from Yuranga.com.
''PayPal has a bit of a stigma because of its relationship with eBay,'' says Thornberry.
eBay has been accused of forcing all sellers to use PayPal while some small to medium-sized eBay sellers would prefer to accept direct bank transfers or cheques as PayPal charges a fee for each transaction.
''But for those businesses that want to be able to take payment with credit cards, PayPal is the simplest method to use because you don't have to talk to a bank or set up merchant summary facilities, which can be much more costly,'' he says. more
UTV Earmarks $75 Million to Expand New-Media Business
The firm, which operates a range of businesses, including TV production, channels, feature film production and distribution, animation and gaming, reported revenues for the period of Rs. 1.45 billion ($35.1 million), a 154-percent gain on the year-ago period. Net income was Rs. 251 million ($5.9 million), a 176-percent increase.
Part of the $75 million set aside for new-media businesses will go to investing in a start-up in the U.S. that is active in the online gaming space. In addition, UTV has entered into a memorandum of understanding to acquire a controlling stake in a mobile games aggregator in the U.S. UTV is also planning to up its stake in Ignition, the U.K.-based games publisher, from 70 percent to 95 percent. An investment will also be made to boost Ignition�s working capital as it continues to develop console games out of London, Florida and Tokyo. moreRage Against The Dying Of The Light
At great geographical risk from its suited and booted neighbours in the City of London, Shoreditch houses many independent businesses that are so vital to its character. Local residents fear that not only will the area's architectural integrity be damaged, but house prices will rise too, bringing in cultural homogeneity when the artistic masses are forced to move out and the city workers move in.
It's the same old trajectory, one that the residents near Spitalfields and Camden Market say they are familiar with – developers move in, the beautiful lines and undulations of the cityscape are compromised, house prices rise and the businesses of local people go under. Whether this is too simple a story remains to be seen – culture and creation can flourish among capitalism, new buildings become a part of the horizon, and new areas become the next cultural hub. more
The membership drive is on
The Chamber is encouraging existing businesses and new businesses alike to join. The membership drive will continue until the end of June.
"There are a number of benefits in becoming a member of the Chamber that one could say that joining the Chamber is simply good business!" said Kevin Soady-Easton, president of the West Grey Chamber of Commerce.
"The Chamber has a long history of service to its members in West Grey. This is a testament of the value the membership finds in being a member of this business service organization. I encourage every West Grey business to join and share in the many benefits that can be realized from being a member," said Mayor Kevin Eccles.
The West Grey Chamber is a business-focused organization dedicated to providing value added services and benefits to its members. more
Recent Business Home Lead Prospect News
Alaska’s old guard urges in-state gas - Fairbanks Daily News-Miner
I do believe we’re at a crisis point now,” Stevens said, adding that the prospect of liquefied natural gas sales ... state pipeline could be the best way to reduce the costs of living and doing business in Alaska. He said the state hasn’t taken ...
Read moreRyan Theriot ready to lead off - ESPN.com
Most athletes describe a point in their careers when they realize unequivocally that it's big business. This winter was that ... Theriot said he'd be willing to play second base when highly touted prospect Starlin Castro is ready to play in Chicago.
Read moreCanwest Limited Partnership continues Sale and Investor ... - Businesswire.com
WINNIPEG--( BUSINESS WIRE )--Canwest Global Communications Corp ... and the Bank of Nova Scotia as Agent for the Senior Secured Lenders, determined that there is a reasonable prospect of obtaining one or more Superior Cash Offers or Superior ...
Read moreBrock and Salk - Weekdays at 11am - MyNorthwest.com
And Lee hadn't given up a home run yet so no one could have shown him up ... And that means that I think baseball should allow teams to handle some of their own business on the field. Sometimes people will get hit, and sometimes benches will clear.
Read moreGreece Approves Plan for New Taxes and Pay Cuts - New York Times
Greek bonds advanced for a fourth day on the prospect the new measures might lead to E.U ... Meanwhile taxi drivers stayed at home for a second day, protesting tax reforms which would oblige them to issue receipts, keep account books and pay tax ...
Read moreHealth Bill Will Reduce Deficit, Democrat Says, Citing ... - New York Times
Kildee — and new support from nuns who lead major Roman Catholic religious orders ... Republicans were engaged in a variety of activities to stir opposition to the health care bill in the home districts of Democrats considered vulnerable in the ...
Read moreFacebook ousts Google in US popularity - Technology.timesonline
... growing popularity of simple games such as FarmVille, which has more than 83 million players worldwide, has breathed added life into social networks and hold out the prospect of huge profits ... Facebook’s home page saw 7.07 per cent of ...
Read moreDemocrats Inch Toward Securing Votes for Health Bill - The Ledger
Kildee — and new support from nuns who lead major Roman Catholic religious orders ... Republicans were engaged in a variety of activities to stir opposition to the health care bill in the home districts of Democrats considered vulnerable in the ...
Read morePioneers' White went from Bell Hill to Shrewsbury - Worcester Telegram & Gazette
John’s rallied to take the lead it would hold until the final five seconds in the game ... It’s like a home away from home.” When the Pioneers play the Inter-High teams it can seem sometimes like the schools come from different worlds, but not ...
Read moreWhere to invest, from A to Z - Times Online
Or does the prospect of anaemic economic growth, a potential downgrade to the country’s credit ... Polls may differ as to whether the Conservatives’ lead is 2 per cent or 7 per cent, but they broadly converge in suggesting that there is an odds ...
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