PHILADELPHIA — Following a two-day mediation before retired Federal Magistrate Judge Diane Welsh of JAMS, a nationally recognized mediator for complex civil cases, Ikea has agreed to settle three wrongful death claims for the sum of $50 million, to be evenly divided among the three families. A statement released by …
Read More »Super Mario Run sees 37 million downloads, $14 million in revenue in first 3 days
Nintendo’s investors haven’t been happy with the performance of the new iPhone game, “Super Mario Run,” which has led to falling share prices over concerns with the game’s payment model. However, the game has still eked out a respectable share of downloads and revenue, according to new data from app …
Read More »Melancon, Giants reach $62 million, 4-year deal
It’s the richest contract ever for a closer, topping Jonathan Papelbon’s $50 million, four-year deal with the Phillies from 2012-15 and Mariano Rivera’s $15 million annual value total in 2011-12 by the Yankees. Pending a physical, the pitcher receives a $20 million signing bonus, $8 million of which is deferred, …
Read More »Airbnb authorizes $153 million more funding
A new Delaware filing for Airbnb, identified by CB Insights, suggests that the travel service has authorized another $153 million in Series F shares. This implies that they might be raising an extension to their financing $555 million round from a few months back. The filing prices the shares at …
Read More »Hyperloop Transportation Technologies claims more than $100 million in total investment
Hyperloop Transportation Technologies (HTT), the counterpart startup to Hyperloop One, which is also building a prototype of Elon Musk’s hyperloop system, says it has raised a little over $108 million dollars to build the tech aiming to zip us from San Francisco to Los Angeles in under half an hour. …
Read More »Botify Grabs $7.2 Million To Turn You Into An SEO Wizard
French startup Botify just raised a $7.2 million Series A round from Idinvest and Ventech. The company uses a software-as-a-service approach to make it as seamless as possible to crawl your website and give you insights into your search engine optimization strategy. Yet, Botify isn’t about making optimizations for you. …
Read More »Researchers Find Ancient Proteins in 3.8-Million-Year-Old Ostrich Eggshells
A multinational team of researchers has uncovered fossil proteins dating back 3.8 million years — a discovery that will enhance future understanding of ancient organisms. The team has identified fossil proteins in 3.8 million year-old ostrich eggshells. Image credit: Matthew Collins. Fragments of ancient ostrich eggshells are abundant in Africa, …
Read More »54-Million-Year-Old Biting Midge Found Preserved in Amber
A fossilized biting midge found in India preserved in amber dates back some 54 million years, says an international team of paleontologists. Camptopterohelea odora in amber from Gujarat State, western India. Scale bar – 0.2?mm. Image credit: Frauke Stebner / University of Bonn. From studying the amber from Gujarat State …
Read More »Bizarre Wingless Wasp Found Encased in 100-Million-Year-Old Burmese Amber
An enigmatic wingless parasitic wasp has been found preserved in mid-Cretaceous Burmese amber, a new study says. Aptenoperissus burmanicus lived at the base of trees while dinosaurs wondered around above it, and is the only known specimen in a newly-created family, Aptenoperissidae. Scale bar – 1.0 mm. Image credit: George …
Read More »Micro-investing app Stash raises $25 million Series B
Stash, a mobile application that aims to make investing easier for those who aren’t as financially experienced, has raised $25 million in Series B funding, the company announced today. The round, which follows the startup’s $9.25 million Series A just this August, was led by prior investor Valar Ventures, with participation …
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